The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-06-06
VANDERBILT URGES
SWIFT AID ABROAD
Prompt Influx Of Raw Ma
terials Can Prevent Con-
flagration, He Says.
SCHWAB TELLS PLANS
Pan American Conference
Hears Of Project to Get Ore
From South America.
Special Dsspdtch TO TIE sux.

WASHINGTON, June 5.-Only a prompt
influx Of raw materials and FOOD into
the idle centres OF industry Of Europe
can prevent confiagration worse than
that through which the world has Just
passed, according to views presented by
Frank A. Vanderlip. until recently presI-
dent Of the Nationaf City Bank OF New
York. before the session on finance and
engineering of the second Pan-Amerl-
can Commercial Conference here to-day
Food alone and loans between Gov
ernments will not restart the idle and
paralyzed industries Of Europe. accord
ing to Mr.. Vanderlip, who quoted 1.-THE
responsible Minister Of England" as hav-
ing said to him thae IL England could
not speedily regain her European market
the Government would have to export
100000 Englishmen nearer the source
Of food supply.
Charles NJ. Schwab. president OF the
board OF the Bethlehem Steel Corpora
ton. spoke informally, touching on most
subjects between cows without pedigrees
and prohibition. with a few serious
thoughts as to his plans for drawing
upon Latin America for iron ore.
Railroads in this country are ap-
preaching dangerously near a state OF
the public toward railroad earnings, Per-
cival Farouar, a leading engineer OF
New York, declared.
How Conditions Affect America.
Discussing the European situation and
the problems II presents for all the
Americas. Mr.. Vanderlip said in part:
I'VE are living In such a world as we
have never lived in before, and not very
many OF US have awakened to that. You
were talking here for two or three days
about trade between the American coun-
tries; but related to that part OF It, the
very atmosphere in which 1t must de-
velop, are the conditions that have de-
veloped in Europe. are the conditions
that are making a new world that we
are all going to live in.
THE situation in Europe is n more
serious one than has been grasped by
a good many Europeans Externally,
srr critically. you would see something
like normal Europe II you had been
over the ground that I have.
Now that picture Is not true.
Europe has received such a shock from
the war as has not been measured by
these who have seen Il at close range.
But it is not that direct shock that
concerns me nearly 80 much as greater
t,ials over that continent, so disorgan-
lied that industry is in a large measure
paralyzed
Industry must be rehabilitated
do not conceive that that means the
loan OF great financial credits to Euro
pean Governments The things that are
ne eded OF all else In Europe to-day are
those materials necessary to start in
ddstry going. They are the raw mate
iISis for manufacturing. they are ma.
oh merry. particularly they are railway
equipment. for the transportation sys-
tenn is badly shattered. and to a con-
siderable extent food.
No Neea for Charity.
Now the giving of food alone will
not help this situation. ! don't con-
cerve that We need give anything either.
Europe Is still n great rich continent,
but with her industries paralyzed I be-
lieve there should be a group OF nations
which should include every nation rep
here. II should include some
Of the European neutrals and probably
should include Great Britain. That
group of nations should lend to these
afflicted nations. the nations where in
iustry has so largely ceased, not money
In the form Of credits to go in the
OF those countries, hut the
the machinery. the equipment,
the food necessary to start the indus
tries.
Europe cannot be supported in char
NV. That Is not the way to do it.
Neither would have further loans to
Governments. l have discovered this
that loan by Government to another
Government comes to be regarded In
rather different light than obligations
ar,1I H.
II this Government to the European
Governments have so come to be re-
yarded. There is pretty general idea.
SUI prisingly general idea. that we ought
10 forego the loans that we have granted
IN this war. / believe a security can be
treated that will be good because Il
should be first class mortgage upon
he customs of the borrowing nations
md that such security can be floated
in the several countries that should
supply the things that are needed to
'estart European industry. that those
-hinSs should be supplied in the pro-
portion in which the loan is placed.
schwab Outlines Plans.
Touching on his South American
'lans Mr.. Schwab said:
81 am manufacturer of steel prl
narily a manufacturer of steel We
must depend upon our friends in the
south for the raw materials to maxi
he East a successful steel manufactur-
ng centre OF the United States. and so
much confidence have and my company
n the honorable intentions and treat
nent of American capital that I am
'tsking my all, my fortune, my reputa-
ion. my company, upon the basis Of se-
'uring the raw supplies Of ore and other
materials from our South American re-
'ublics. l have recently. as many Of
'ou know, opened at very great expense
n Chile on the west coast of South
america the largest docks and shipping
ABILITIES in South America. | have now
lnder construction and under way 1ust
tarted, since the war is over, twenty OF
he largest cargo ships that have ever
'een built to carry 10000 tons of iron
re In each cargo, to ply between the !
vest coast of South America and the ,
astern ports Of the United States"
Working around to prohibition Mr.. !
;chwab remarked:
81 don't believe in prohibition that |
will enable me or Mr.. Vanderlip or other
ich men Of the country to store their
ellars with wines and whiskeys for the !
est OF their lives and the other ordinary |
eople who haven't the money to do |