Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-08-03

washington 10 pan now 20 Organize
their industries and. to get
the best results for mutual advantage.
That same partnership, checked the
mad career of the kaiser and - now
going to work Observation-Disclosures to
rebuild the destruction he wrought.
This partnership means new era IN
world trade, with abundant prodt, es.
peciaily to American industry. which
will deliver the goods,+ but there 10
also idealism and humanitarianism III
the work, which gives American par
ticipation in this herculean task more
zest. - 't''"'' :,
- ~,x* -
American business is in a very adj
vantageous position In this interna-
rHs.- ctional trade alliance,
An American not only because the
., conference Is to be
,0aVantaSe' held here in our own
yard. not only because we have the
goods that others must get, but be-,
cause we know the condition Of their
industries. their resources. their
finances, and the mesh of vexing con-
ditions in which their business pros.
poets are entangled. They know tnat
the United States deals fair, ana gen
goods under the. most trying ,cirSe1n5
Frem a strictly. commercial visw.-
point. American business knowspretty
accurately what>to count ON. In en-
tering this interaflied conference. pc
cause Philip B. Kennedy, thetHneW
director of the bureau OF foreign anu
from London; where he made a great
record as commercial attacffe. IN
this connection it must not sbe over
looked that Great Britain 10. tina dean
Of commerce and that there IL, much
this country can learn. 80 s.h
:-,; - f.r.-
with regard to British trade, Mr..
Kennedy is hopeful In spite Of the
..ss,s; y dlnicultiess that con-
Optimism as front the t.united.
to England. , mnsat sn.t .ts he worst ess
In on the surface" referring toslaboF.
troubles. coal shortage and higher
prices, imitation Of currency that the
country is not on gold basis; that;
many manufacturers are not back to-
a peace basis. He'belieyes that Great
Britain 10 essentially sound. and says
at 10 not the kind to 'goato pieces.f
and right there he emphasizes that.
Great Britain has more experiences
than any one else In the field OF for
EnEland and the United States
ought not to permit commsrciar
rivalry to interfere with the friendly.
spirit between the two countries" Mr..
Kenuedy urges; ut 10, to their, mutual,
advantage TO work together IN as great
harmony as they, possibly can There:
lisa great need 10 the world and there,
is rosrn enough In camn1eEce. fot 81
f1 ECO = he p points 1T. ahd G1est:
Britain. should and. will look upon
American prosperitYias a hopeful and
helpful factor. What's needed; IL to
put the world on a producing basis.
and Great Britain, and the srUnfted
States can accomplish moro In that
direction than any one else.m ~,
- -ts-sca< -. r.. so -.
Mr.. Kennedy, both from personal
observation-a and from having read ex:1
-, y tensiye reports from
France Worse the unitsd z States.
A1..t.a -. government agentss!l
0AScsco' overseas. points. out,
that ,'The French are much more
seriously affected. The war. haS ,bssn!
waged right. on their own soil; their
principal industries have been wreck
ed by the Germans, including sthet
northern coal fields: the loss Of life
has been great and the financial POSI-
tion weakened by large loans to sup
port the war. =. ''sicass''.ss ~ !
France is a" historic illustratich'
Of great nation. that expended ITSELF
unreserxedly for victory. and. which,
while II fnds great glory In its
achievement yet from the economic
point Of view must begin near the bot
tom and build up again q great COM
nercial, lite. The, French are high
spirited they have done magnificent.
~. and they do not intend to take
a third-rate Of even a second-rate
and amsitious e. bu Rsy ape
economic life. They, count on or
much financial assistance as they can.
get from the United States.
ut IL true that the allies appreciate
that France bore the heaviest brunt Of
tho war. and they are not inclined ito
take advantage of the fact that she
Impoverished. denuded, fanisfied her,
self ACKNOWLEDGMENT they are
disposed to help France regain her
,poaitiop in the world of industry and
trade. The question is how this eco
nonic assistance can best be rem
dered. a-s-s $780, y!
- .,e - - -,
=: France naturally wants the profits
from the rebuilding Of France to go
~ u ~ to her own people, She
Rebuilding is much interested II,
restrictions Of various
1foata kinds. Belgium. Italy
and the other European countries are
struggling against their own peculiar
national dinicultfes. ''''''' ""
!. "rhe exchange situation IL running
in favor Of the United statesNevery-'
where, foreign currency ,tis depre-,
ciated and measures must be, taken
to correct this. There are many such
subjects to be talked over in order
10 make American aid as fruitful' rs
possfbfe, and at the same time to per-
nit the largest possible participation !
II the profits BY local people or nj.
Conditions have been abnormal for \
a long time, When adjustments have
10 take place the people are naturally
FEARFUL that they may suffer relatives
" to- others. It 10 'desirabfe, there