Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-07-12
VANDERBILT REVEALS
'EUROPE'S CONDITIONS
Peace Did Not End Troubles OF
\ Warning Countries, He Says.
Serial Starts Monday
APPEARS IN EVENING LEDGER

Frank A. vanderlip. master finan,
cier, former president of the National
City Bank of New York. and one OF
the men who engineered the money
barrage against Germany, has returned
to the United States to give this coun
try true insight into conditions in
Europe.
For five months Mr.. Vanderlip toured
the continent in an endeavor to learn
through the eyes Of an American man
of business the exact post war finan
cial conditions Of the old countries, as
well as to study the changed map with
its resultant economic and financial up
heavals.
After visiting fifteen countries, after
talking with the rremiers Of the lead
Ing powers. after discussing finance with
the ministers and principal bankers
Of the Old World Mr.. Nanderlip has
returned with this message;
America must be brought to under
stand what has happened to Europe and
be filed with sympathy. but not with
sympathy alone, for charity alone can
not save Europe. America must un-
derstand how her own fortunes-her
own future-are bound up with the fate
of European civilization and that Euro
pean civilization is confronted with ex-
treme dangers.
Americas Help Needed
without Americas help, the catas-
trophe cannot be averted. I believe. but
by Americas help-I do not mean
Americas charity. If once we grasp
the full import Of what the war has
brought to Europe. at once we see what
vast responsibilities and opportunities
the war has brought to us.
II believe we will place ourselves at
the service Of Europe as n whole nation
Just as we threw our whole national
strength into the task of saving Europe
and the world from military domina-
ton. Europe is now to be saved from
financial and industrial breakdown.
There are possibilities of a catnclysm
In the situation. and time will move
very rapidly. I believe much of the
disaster can be averted, but that can
only be done if America understands. "
Believing that America should under
stand, Mr.. Vanderlip. while Oh the
steamer returning to this country. spent
i've days debating his impressions Of
Europe. The conclusions he has drawn
are based upon the information obtained
in discussing financial and economical
questions with the brightest minds in
Europe. The sum total has been pre-
sented to the American thinking man in
Mr.. Vanderlip's book what Hap
pened to Europe"
Serial Starts Monday
This book will be published serially
on the financial pages of the EVENING
PUBLIC LEDGER, beginning next Mon
day.
Mr.. Vanderi.p, formerly newspaper
man, has not couched his book in the
language of finance. 1t is. indeed
human story. He catches the viewpoint
Of the masses as well as those of the
master minds.
II can perfectly understand" he
says, how one might have travelled the
same rather extensive route that l fol-
lowed and have concluded the journey
gratifed at the normal appearance Of
life everywhere outside of the war zone.
Fields are being plowed grain is being
sowed and there is the same rolling
beauty of landscape with the same lovely
rivers and picturesque villages that we
have seen in former years from train or
automobile in France.
Switzerland presents the same neat
and carefully garnished fields and door
yards in it's agricultural regions that
has always marked it, and its hills are
unchanging. Italy is still the most
beautiful place in all the world, and
viewed from a motor along still perfect
mountain roads or seen in the aspect of
the medievalism OF the old hill towns,
It seems the Italy we have known be-
fore. Spain is more prosperous in its
obvious aspects than has probably been
the case In a century. No one with
open eyes could have escaped the horrid
marks of war in Belgium, but In Hol-
land the cattle, though In decreased
numbers, grazed placidly as usual and
the great tracts Of tulips, at the moment
In the height Of their bloom, made one
feel that the world had not lost its love
for flowers and beauty"
Unrest Still in Europe
With the signing of peace, Mr.. Van
derlip says, many persons may believe
that normal conditions have returned
to Europe. His book proves the fallacy
of this belief Those who read it will
know of the unrest, the precarious state
Of national finance and the problems
which confront the new nations created
at the Peace Conference.
In England Mr.. Vanderlip renewed
an old friendship with Austin Chamber
lain, chancellor of the exchequer, and
discussed European finance with him
at length. He also held important con
ferences with Sir Auckland Geddes
minister of reconstruction Sir Robert
Horne, minister of labor; Sir Davic
Shackleton, Arthur Henderson, J. II
Thomas and the financial editors of tn,
leading British newspapers.
Among the British statesmen witt
whom he talked were Lord Miner
Lord Leverhue, Lord Revelstroke anc
Lord Faringdon. He likewise met Sil
Brien Cokayne, governor of the Banl
of England; Montague Norman, Si
Edward Holden, Sir Felis Schuster
Lord Inchcape, Sir Charles Adds, Si
Robert Kindersley, Sir Robert Vassar
Smith and Henry Bell.
In France, Mr.. Vanderlip was In con
slant touch with Monsieur Klotz, min
lister of finance; NJ. BRAND, mentione
- Al. I.L1