The Washington herald., 1919-07-09
U. S. SOON READY
TO AID EUROPE
Preparations for Peace
Conditions Nearly Per-
feeted, Says Holland.


with the sviftness Of preparation
and performance which character
lad the creation of the American
army. the furnishing OF It with
equipment and supplies and its
transportation to France. so also
financial. Industrial and commercial
force. Of the United States are now
Hiking their resources and do
II with as little publicity as that
leh characterised the creation
md movement Of our American
army.
Not until It Is possible to publish in
some detail the various movements
which are under way. some Of them
now perfected. viii there by q good
understanding on the part OF the
people OF the really stupendous un-
dertakings now under preparation
as veu as the great variety of them.
all OF which justify the statement
that ths United States Is now pre-
pairing as rapidly for peace condi-
lions as the nation did prepare
within a short time for entering
upon the hattlefelds of Europe.
Canada May Ask Loan
It is spoken OF as a matter of
some Interest," that many of the reve-
lations relating to various under
takings which have fun prepara-
uons for peace underway have been
made since the new fiscal year be-
gan Already Canada is preparing z
to approach the United States for
the purpose either of refunding a
loan of a hundred millions and Sc
curing an additional amount or else
of paying the obligation which will
soon become due Canada is not
alone in this purpose Sweden has
already been here and secured
twenty-five millions. doing that with
the speed with which a retail customer
makes an over-the-counter bargain.
Since the first OF July intimations
have come to New York that Nor
way and possibly Denmark will ap-
proach our money markets and
there was more definite information
received on July LIST Of the purpose
of Finland to negotiate a large
credit in the United States. believing
that il this can be done a very great
international trade between Finland
and the United States would-be es-
tsblished-
There are also intimations THAT
some OF the South American nations
are preparing to secure credits in
the United States and there even
comes from Switzerland a hint.
somewhat faint. that that republic
may seek to place a loan in the
United States
Other Readjustment Steps
But it is not the almost co-inci-
dent. in point OF time. approach Of
vsrious nations to the United States
with intent to secure loans which
alone demonstrates the unparalleled
activity now prevailing in this
country which has for its purpose
the perf=cting Of such readjustment
not only here but throughout the
world as viii make il possible for
normal conditions to be established
in . few years. For instance. from
the South can he well and reason
there is now a plan under considera-
tion for the establishment of a cor
poration with a hundred millions OF
capital whereby the cotton crop of
the south can be we'll and reason
ably financed in the very part of
the country where cotton grows
The purpose of this contemplated
corporation is to secure at least
twenty-five millions of the capital
III IcAdS % great an amount as
that is regarded as reasonable be-
cause Texas is one OF the greatest
cotton producing states
Should Texas furnish twenty-five
millions OF the capital then the pro-
moters of the plan have no doubt
that IN other parts Of the South they
will be able to secure the remaining z
part of the seventy-five millions
Whether the plan succeeds or not
the fact that il is in contemplation
and is sponsored by influential men
OF the South. furnishes one OF the
items in the great list of prepara-
tion undertakings which are now
underway.
What Nancy May Receive.
Then there came on the second
day of the new fiscal year announce
ment of a private undertaking. al
most unsurpassed in the magnitude
OF the plan and of the financing in
volved. whereby the city of Nancy
IN France and its environments are
to be restored The high credit and
business standing Of those who are
reported to have entered into or to
be about to enter into contracts for
this vast undertaking. leaves no
doubt respecting the sincerity and
-
work be consummated. According
TO reports more than two hundred
millions will be required for the
perfect restoration of Nancy and its
environments.
Large as this amount Is il is be-
lieved to be well within the financial
means and influence of those who
are to undertake it. 1t is another
step or item pointing the way to-
wards readjustment and the restora-
tion as soon as possible OF normal
conditions throughout the world.
and ii is a slip that is to be taken
by powerful financial interests in
the United States.
The Smaller Interests.
So. too. coincident in point of
time with these other dehonstra-
tionS. is the perfecting of a sypdi-
cate which will make il possible to
finance the important dried fruit in
dustry of California The amount
involved Is not as large as is the
case in some Of the other undertake
ings. But it is large enough to
make IL possible for the important
dried fruit industry OF California to
be confident that all financial aid in
the gathering and marketing of
their commodities will be secured.
But this is not all On the very
day that some of these revelations
were made. only a few hours after
the beginning of the new fiscal
year. comes the announcement that
. hanker's coununitfee has hAAn par-