The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1919-07-18
Baron de Neufiize Tells New
Workers of Progress in
Reconstruction
-. - -, Z
NINETY PER CENT OF
RAILROADS REBUILT
Mills and Factories Already Turning
Out Products and the People Are at
Work-Need American Aid in Get
ting Raw Material.

NEW YORK, July lS.-France already |
is well on with her work of reconstruc-
ton This report was presented inspir
ngly by Baron Jaques de Neutiize at a
luncheon given yesterday by Maurice Cas-
enave, Trench high commissioner, in the
Hotel Avignon, Park avenue.
Her own internal needs, great as they
are, Baron de Neuhize says, already are
being cared for amply by the French
themselves But she must buy raw ma
terials and she must maintain the franc at
| its real value created by the mass of
| French equity behind it, and not let it
fall fctitiously, as it has done, on the
mere question of exchange.
He compared France to a perfectly solv
ent railroad corporation facing the re-
funding of a large debt and large issue
of equipment trust securities. France,
he says, will take care of the refunding
herself but the equipment trust issue
must of its nature be taken care of
abroad, in the United States, and it is
80 IdlRt lIdI IL CdllIOt DG udiluicu DN the
bankers alone. He believes that the
American commercial public must be
aroused to the point of absorbing a large
issue of the French bonds
In 1914" he said, "our friends who
loved us looked on US with sympathy and
said, Poor France! But she cannot fight
this out To-day they look at us and say
again with sympathy, Poor France She
l.
:. Well, in 1914, we showed the world that
we could fight. In 1919 we viii show
you that we can work ourselves back on
our feet, We are already doing it.
!, You may come to our aid at first out
OF sympathy, but YOU, with your keen
!. power of observation, soon viii see that
. it is very good business
The people of the devastated regions
already are at work | recall well tn,
thrill of pride and surprise which came t,
; me when some months ago | saw the frs
: trade acceptance drawn by a manufactur
! er of Lille on his customer for the de
!, livery of his first goods The, factorie
= OF Lille and Lens and Rubaix are actual
!, ~ at work Some of them have oil pa
=. per ceilings and canvas walls and oil,
:, machinery But they are at work turn
iiR out RoOuS ON WHICH IHeN earn a pre-
= fit and that profit is going to rcestablis
French business"
Ninety per cent of our destroyed raj
roads are reconstructed today. Canal
o in the north and east are so per cent T,
l. Stored Our automobile factories tina
4 turned out only shells and guns and ira,
% tors and carriages are once more in FIJI
IS swing building cars, with plenty OF pm
4 chasers III sight and deliveries already h
10 gun. Our spinning and wooden ndustrit
already are ahead of our supply Of IA
- materials
He decried the tendency to lump Il
whole European problem as one and il
sisted ON speaking for France alon
There, he said the banks were clear
the war moratorium within a year; til,
are now in a splendid liquid shape, reat
to accommodate all customers, and Il
new Credit National, for loans to Il
people of the devastated regions. so,
will be i'll operation to discount the
IDENTITIES they will eventually recc
from the enemy Exemplfying the stroi
condition of the French investment ma
l1et and indicating its ability to abso
Industrial issues, he said that the III
issued loan of the city of Paris, billi
and half francs, was snapped up at
premium of 3 per cent.