davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-07-27

is to he a new type of financial rela-
tionship. Europe lacks credit, but ii
has something that America lacks. It
has experience and an understanding
OF International business which goes
in many Instances far beyond our own
experience. 1t seems to me that this
should be the best of grounds for
partnership in commercial and indus
trial affairs. We would bring to the
partnership capital and a certain
amount of imagination and vigor
while the Europeans would bring ala
industrial plant and a commercial or
ganization thoroughly experienced in
fields where We have not adventured.
The cotton mills OF Italy give an out
look into the Near East and ! believe
II would be greatly to the advantage OF
cotton interests ambitious TO extend
markets in that direction to work with
Italian cotton mill interests. The Ital-
ians have been extremely clever of late
years in the production OF cheap goods
for the Near East. They have an
abundance OF labor. They lie on n
route between our cotton fields and the
ultimate market and they know the
market.
Belgium has done successful indus
trial engineering quite around the
world. She has strong men with prac-
teal experience of construction and
installation over the widest territory
They have a great number of plants
of one sort and another operating in
almost every important country and
they have many projects in hand that
have been studied, some of which are
ripe for execution. There could be a
partnership OF American capital and
industry formed with Belgian expe-
rience in industry which might play
a great international role.
There Is no more dreadful error to
be made by America than narrowly to
conclude that foreign trade means
merely selling out products and to
close our minds TO the idea of helping
rehabilitate and making future mar
kets for the product of European in
dustry. Some may hold the opinion that
loan of credit to rehabilitate industry
in Europe would be merely a loan TO
help our Industrial competitors more
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-07-27

going again. BY receivers certificates
l mean national obligations having a
prior lien upon the national income.
1t would perhaps be impossible to get
any one of several nations to offer
such security. IL approached indi-
vidually but l believe IL an Identical
formula were presented to each ma
ton. and If all were alike asked for a
prior lien. the difficulties of national
pride would be more easily overcome.
l will not here go into the details of
plan which has been suggested to
our own Government and to leading
European officials and financiers. Per-
haps before these pages are printed
that plan. or some modification of 1t,
or some other plan that recognizes the
principle of dealing with Europe as an
entity in the first instance of granting
credit, will have been agreed to. In
any case, events are travelling too fast
to make the pages of a book a suitable
rlace for such a current discussion. !
Will merely presume that some way Is
to be found to grant the first credits
that are so vitality essential to provide
each of these nations with a certain
and railroad equipment to permit a
beginning in the direction of restart-
ing the industrial cycle. and will pass
to some consideration of what the
next step may be.
sound Basis Not Lacking.
Let no one think that Europe is
lacking in a sound basis for obtaining
all the credits that the lending nations
can possibly extend, provided Europe
gets fairly started back on a return to
normal economic life. Not only is Eu-
rope enormously rich. but there is in
herent in the present situation a
power OF rapid recovery II the tangle
can only be Strengthened out. which
will set the continent in the direction
OF recovery. If industry is not promptly
restarted the possibilities involved are
too black to picture. but IL all these
nations can be faced in the right di-
rection 1t would be possible TO wipe
out most of the scars OF war in an
amazingly short time.
II read the situation Alright, there
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-07-27

knows what is the debt of any of those
countries, They have been made up
by redrawing Of national lines, but
II was found easier to draw national
lines. infinitely difficult as that task
is. than it was to reapportion to the
new nations with a Just ALLEGATION
that part of the old debt of the ma
tons from which the new countries
have been made.
Anything like a discussion OF the
national finances OF most of these new
nations with a view to definite action
is wholly impossible until the Gov
ernments which they have temporarily
set up have been formally recognized
by the great Powers. and that recog-
milton, up to the moment when this is
written, has not been definitely given.
Such nations as Poland, Lithuania and
Czecho-Slovakia might conceivably go
TO their own nationals in America and
raise a certain amount of credits with
out having the basis of those credits
very closely scanned, but even that Is
impossible until the United States has
officially recognized those Govern
mcnts. Rumania has a better founda-
ton for national credit than the other
smaller nations mentioned because her
existing debt Is not overwhelming and
her resources In oil and agriculture
are very great indeed. But even so,
she Is not at the moment In a position
10 command even a part OF the credit
that she vitality needs.
All Open to Vital objection.
In any consideration OF credits in
Europe, whether they be national or
individual, whether they be secured
by claims upon the German indemnity
as collateral or offered by corpora
tons or individuals of wealth. they are
all open to one vital objection. There
is no political safety in Europe any,
where so long as there is left any
country unable to command a sufficient
amount OF credit at least to make the
beginning of an attempt to restart its
idle Industries. have said elsewhere.
but IL cannot too often be repca ed. or
too clearly kept in mind. that para
lyzed industry, idle worltmen. stop
page in the flow of manufactured
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-07-27

quickly to get back to position where
they can outstrip us in competitive
markets and therefore we had best
keep our credits at home and push
our present commercial advantage. 1t
seems to me that this conception is as
seriously wrong as possible. Foreign
trade is interchange and distinctly not
to be conceived of as merely selling
by one country to other countries As
European industry is rehabiltated and
as surplus products are made that can
be exchanged for the surplus products
of other countries, the world will get
back to something like normal life.
For the moment the world has no
conception of how dlsorganized its af-
fairs are as a result of this disorgani-
cation Of European industry, because
for the moment there are effective de-
mands that pretty well take up any
slack there is in productive capacity
anywhere. The credits will be quickly
exhausted upon which much of the
purchasing has been done in interna-
tional markets in the first six months
since the armistice, and the new credit
may be slow of creation. For a time
credits, because Europe is in no posi-
ton to produce eXportable SURPRISES
OF anything in appreciable amounts
ana therefore will not have normal
amounts of goods TO exchange for
othek goods until the industrial proc
esses and the former reactions in de-
mand OF one industry upon another
have been set in motion.
Question of Banking Credits.
OF course banking credits will ulti-
mately come into the picture. but
there are great misconceptions in the
minds of Government officials, of busi-
ness men. and would even venture to
say In the minds of some bankers, as
to the proper function Of bank credit
In such a situation as the present one.
have always felt that 1t was Statutory
to look at a bank, not as an mex.
haustible fountain OF credit, but rather
as the greatest debtor in the CONNER
cial world. We are apt to speak OF
the resources of a bank instead of that
exactly counterbalancing figure, its
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-07-27
What Happened to Europe.

This is the fourth of five in
staIments of What Happened to
Europe" written by Frank A.
Vanderlip. who recently resigned
as president of the National City
Bank and has long been recog-
mixed as one of the leading fnsn-
ciers of the country. His account
of industrial. social and financial
conditions overseas is based on a
three months personal and ex-
haustive investigation.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-07-27
By FRANK A. VANDERBILT.
CHAPTER x.
Credit.

~ REDIT is SO delicate thing
it is dangerous to talk about
it. II credit is to be weighed
and analysed, and the chance of its
failing to be repaid appraised, the not
unusual course of the conservative
financier or investor is to say that he
wants nothing to do with it.
There is not credit in Europe to-
day that does not need to be weighed
and it's chance of repayment carefully
appraised, but it will not do for
America to say that she will keep
her dollars at home henceforth
and get into no further entangling
foreign financial alliances. One
American financier in Europe summed
up his view of the situation by saying
that he would advise his partners
henceforth to keep very close to shore,
My reply was that keeping close to
the shore might result in having a
hole stove In his boat. America can
not keep close to the shore. We are
launched, whether We like 1t or not, In
the worlds current. We have moral
responsibilities that should and will
appeal to us, but if we only look at
the situation on the farrowest Of ma
terial grounds. and look with clear
vision, we will understand how in
volved is our civilization with the
civilization of Europe, and we will
comprehend what it will mean II by
failing Europe in her nour of great
Iced we prematurely injure the fabric
OF civilization there.
Britain's Vast Debts.
The British Chancellor of the
Exchequer looks forward to British
taxpayers facing an annual budget
after the extraordinary expenses of
rehabilitation have been met. of
f766,00O, 900. which is f114.000,0OO more
than he can foresee as likely TO come
Int the treasury from the present
rate Of taxation. The cost of the war
after rehabilitation will astound the
world. From April /, 1918, to the day
OF the armistice Great Britain's war
expenditures were f7,442.000 per day.
From the srmistice TO March 81, 1918.
they have averaged f6.476.0O0 per day.
From the armistice to April 1, 1919,
England paid out f52.000,000 in
gratuities to the members of the
forces who were demobilized. and un-
employment doles absorbed f13,000,-
900. that figure. OF course, being since
much increased. as II grows by one
million and quarter pounds a week
England set an example in taxation
40 all nations. In the year ending
April J. 1919. S4k per cent. Of her
total expenditures were provided by
taxes. and for the fivc years OF the
war ending April i. 1919, 2sh per
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-07-27

Continued on Following Pass
The Denver Jewish news., 1919-12-24

otherwise would have had no chance
and has saved many thousands of dol
lars to the local charities in the vari-
Gus cities in the United States by re-
storing the heads of families to eco
nomic usefulness.
The hospital opened with one build
ing with beds for forty-five patients.
Today there are eleven buildings. in
Guiding dormitory buildings: IA med
ical and administration building. the
gift of Samuel Grabfelder. the presi-
dent of the hospital: the Joseph E.
Shoenberg Memorial Industrial School
building. which contains a magnificent
library and amusement room; the
-Adolph Lewison chapel; IL laundry
building: and boiler house.
One of the dormitory buildings was
dedicated to DIR. VIM. S. Friedman.
Rabbi of Temple Emanuel Denver.
Another of these buildings was Dc
mated by the Guggenheim Brothers. in
memory of their mother, and is known
MS the Guggenheimn building.
The hospital owns beautiful farm,
near Westminster, Colorado. the gift
of Louis ID. Beaumont in memory OF
his son. and is called the Dudley c.
Shoenberg Memorial Farm.
Everything that goes to make a
modern and thoroughly equipped in
stitution has been adopted by the Ma
tional Jewish Hospital. Its laboratory
The Denver Jewish news., 1919-12-24
THE SPIRIT OF THE FAMILY.

The Sisterhood of Oncv Zedukah
Congregation, Springfield, Ohio, sees
the time not far distant, when the
Jewish Community of its city shall
exist in the spirit of large family.
If this desirable condition should de-
velop, the social rooms in the Obey
Zedukah Temple will have proved
themselves true to their purpose. In
these rooms, the Sisterhood, on numer-
Gus occasions, has assembled the Jews
of the city in the spirit of good fellow
ship. Weekly dancing classes. super
vised by the society were extremely
satisfactory agencies for bringing peo
pie together at the Temple. The large
attendance at the dances due TO the
efforts of Mrs. Gus LeBolt, a member
of the Sisterhood. who continuously
solicited persons to join the classes.
Mrs Gus Salzer. also a member of
the Sisterhood, plays the organ and
The Denver Jewish news., 1919-12-24
The Jewish Consumptiues
Relief Society of Denuer
tContinuation)

INSTRUMENTATION
acknowledged by the secretary direct
to the subscribers, and also thru the
medium Of the Jewish press.
THE BOARD OF DIRECTORS,
The Jewish Consumptives' Relief Soci-
ETY., by c. y. Spivak, Secretary.
Comment.
Some Of our friends and all our op,
ponents objected to the sentiments cy-
pressed in the appeal and especially 10
the sentence which reads I'VE intend
to help anyone and everyone of our
brethren who. being afflicted with this
dread disease and sent TO Colorado,
require either temporary or more pro
tracted assistance" 1t was thought
at the time that this sweeping appeal
calling ON one and all to come to Colo
sumptives and will ruin the prospects
of n great commonwealth by turning
it into AN ugly asylum for the unfit
and disabled. Subsequent events have
proven that nothing of the kind has
ilappened and instead or ruin the
State of Colorado has profited both
morally and financially by the estab
lishment of an institution which mani
tested so much foresight and wisdom.
For whereas, sixteen years ago none
of the institutions in this country
paid any attention to the advanced
cases, iii fact none of the tuberculosis
institutions admitted advanced cases.
the sanitarium of the Jewish Con-
sumptives' Relief Society was the
pioneer institution in the admission of
advanced cases and in boldly appeal
ing to the spirit of 'rachmones' of the
Jews of this country to take care of
the advanced as well as of the incipi-
ent cases of tuberculosis in their
The Denver Jewish news., 1919-12-24
POLISH PLEDGE TO HOOVER.

Men and women of Warsaw. Poland,
accompanied by the Minister of Labor.
called upon Herbert Hoover, chairman
of the Allied Relief Organization. rec.
emily, and presented memorial
please present to the American
people," the memorial said, "our feel
ing of gratitude. But for America we
would not have been able to pull thru
the last six months. We pledge our
selves to devote our strength to the
orderly upbuilding of stable Gov
ernment.
I'VE are not Bolsheviki, but are
patriotic. thinking people. who know
that our ideals of democracy are best
served by preparing the minds of the
masses for the responsibilities of
Socialist Government. and that such
progress is sound only when achieved
by the votes of an intelligent majority.
I'VE know the difficulties and de-
privation thru which the Polish Re
public must pass during the next year
and will endeavor to live up to your
slogan of full production on farms
and in coal mines and factories. We
Inust beg our American brothers in
democracy to have patience with us.
and not to remove their support un-
til we can get on our feet. Give us
just one more year of credits and other
active sympathy and we will emerge
strong, self-respecting nation pre-
pared to face the world alone.
The Denver Jewish news., 1919-12-24

midst. The Jewish Consumptives' Re
Which has spread thruout the land
and has become firmly established.
Certificate of Incorporation.
Know All Men by These Presents,
That we, Elias II. Hillkowitz, Abraham
S. KObey and Jennie c. Spivak, citi-
zens of the United States, and resi-
dents of the State of Colorado, have
associated ourselves together as cor
poration under the name and style OF
The Jewish Consumptives' Relief So
cicty. for the purpose of becoming Il
body corporate and polite. under and
by virtue of the laws of the State of
Colorado. and in accordance with the
provisions of the laws of said State,
we do hereby make. execute and ac-
knowledge. in triplicate, this certifi-
cate, in writing. of our undertaking
40 to become corporation. not for
pecuniary profit, under and by virtue
of said laws.
First: The corporate name and
style of our said corpora ton shall be
The Jewish Consumptives' Relief So
ciety.
Second: The object for which our
said corporation is formed and incor.
porated is to help those suffering from
npn l-inI,.nI hI-
establishing. and operating Homes.
Sanatoria, Health Farms and Dispen
saries, for the care of those thus af-
flicted, and to aid them generally by
furnishing them with food, treatment
and medicines, and otherwise assisting
them.
To acquire, take and receive. by pur
chase or otherwise all kinds of prop
crty, whether real, personal or mixed,
CLOSES in action and moneys. to use
the same for the maintenance of
Homes, Sanatoria. Health farms and
Dispensaries, and for the aid of those
suffering from consumption and kim
dred diseases.
Third: To perform each and every act
and thing in and about the premises
necessary to be done to effectuate said
objects, or any of them. as may be
meet in the premises, as fully to all
intents and purposes as though herein
specifically enumerated
Fourth: The affairs and manage
ment of our said corporation are to
be under the control of board of
nineteen trustees, and Sol Yehoash
Bloomgarden, Simon l.. Bresler, Maui
ice L. Caplan, .Hyman Diamond, Rabbi
Idel Idelson, Charles Judelowitz, Rab-
hi Charles Fl. Kauvar. Morris ].
Krohn. Louis Lipschitz, Bernard
Cridenbere. Benjamin Grimes. Samuel
Grimes, Philip Hillkowitz, JACOB Ma
The Denver Jewish news., 1919-12-24

directs the choir of the Temple. The
choir is partly paid with fund which
is composed of five dollar donations
earned by each of the Sisterhood mem
bers.
Religious School Fund, in memory
of Mrs. Pauline Morris. who promot-
Cd Jewish education of the young. has
been established by the Springfield or
Sanization. This fund is maintained
offerings to departed friends A piano
and furniture for the religious school
have already been purchased from the
Memorial Fund.
The Denver Jewish news., 1919-12-24

who is beautiful not only physically
but also in heart and soul. takes par
ticular delight in doing splendid
things for children. This children's
building. in connection with the Ma
t;onal Jewish Hospital for Consump-
tives, will not only be built by Mr.. and
Mrs. Hoffheimer, but no doubt will
eventually be endowed by them, as
that is their way of doing things. The
ground will be broken for the build
ing some time in September. 1t will
Roller treatment will be used for cure
Of bone tuberculosis in children.
The National Jewish Hospital for
Consumptives, which was a contribu
tion straight from the hearts of the
Jewish people of the United States,
has grown from strength to strength
been made possible by the splendid
cooperation of its friends throughout
the United States. No matter what
has been needed for the betterment
of the institution, it has been forth
coming, and it stands today a splendid
monument to the benevolence of the
Jewish people.
The Independent Order of B'nai
Birth is the patron society of the in
stitution and is ever ready to uphold
this work of healing ana caring for
the tuberculosis patients
The Denver Jewish news., 1919-12-24

, did not make any limitations AS re-
CARDS the kind or stage of disease nor
have they limited their activities to
the conduct of Sanatorium or hos
rital. 1t is to help the consumptives
in whatever form it may be deemed
necessary and is expressed in the fol-
lowing carefully worded all-inclusiyc
sentence. land to aid them (consump-
tives) generally by furnishing them
with food, treatment and medicine and
otherwise assisting them" The Jew
ish COnsumptives Relief Society
claims that the scope of their activi
ties is not limited to taking care of
patients while they are in the Sana.
forum, but that it is within their
function to have supervision over
those who left their sanatorium. The
Jewish Consumptives' Relief Society
is society whose business ii is To
afford relief to those who suffer from
tuberculosis. Nothing more, but
nothing less.
1t is with feeling of reverence
tlIat we record the death of the follow.
ing founders: Rabbi Elias II. Hill
kowitz, incorporation: Maurice l.. Cap
Ian and Joe Washer, members of the
first Board of Trustees after the So
ciety was incorporated.
Facts.
Of the Jewish Consumptiyes' Relief
Society at Edgewater. Colorado. will
he of interest to the readers of the
Denver Jewish News: The Society
was organized January ., 1904. and in
corporated June %, 1901. The Sann-
torium was opened September $. 1901,
with six tents and small frame
building situated on twenty acres. The
capacity at present is $50 beds. housed
in thirty-four tents, and four large
brick buildings. The other buildings
are: A solarium, 1. Rude Medical
building. the Administration building,
Seth Jacob Synagog. Fischman Memo
rial building, artesian well. granary.
dairy and poultry buildings. utility
luilding, superintendent cottage. au-
tomobile garage, st. Joseph sterilizer.
ice house. L. S. meteorological station
and the Patients Mutual Aid Society
Cooperative store.
The Society owns siNty-one acres of
ground. The total income from l9o4
to 1918 inclusive was S1..i31. 1912.
The total expenditures from 1oO4
TO 1918 was Si,2ss. .S1G.2l. The num-
her of patients treated during fifteen
years is 3,212.
The Denver Jewish news., 1919-12-24
NationalJ Jevish Hospital for Consumptiues

tor and supervisor in his place.
The hospital is governed by ma
tional board of trustees. medical ad.
visory board, and local board of
managers. Mrs. Seraphine Pisko has
Tor eight years been the executive
secretary Of the institution. and the
business management of the hospital
under her supervision has been most
successful. Mr.. b. Flesher is chair
man of the national finance com
mittee.
The latest gift to the hospital is 4
Children's building, which will be the
The Denver Jewish news., 1919-12-24

The National Jewish Hospital for
Consumptives was the first national
institution for the care of tuberculosis
poor in the United States. In fact it
was the pioneer institution in Denver,
and its example has probably been
the incentive to the erection of othei
tuberculosis institutions in the Rocky
Mountain region.
The hospital has been in existence
for nearly twenty years, and has shell
tered about 5000 patients. 1t has
been the means of saving the lives of
many men, women and children, who
The Denver Jewish news., 1919-12-24


none in the United States and the
management of the institution is about
to install research work, which would
plans not been interrupted by the war.
DR.. Sailing Simon, who was the valued
superintendent of the institution,
offered his services to the Federal gov
ernment year ago, and was. until
his recent discharge, captain in the
medical service of the government,
On being discharged from the army,
ate practice, and DR.. Samuel r.
Swezey was appointed medical direc-