El Paso herald. (El Paso, Tex.) 1901-1931, 1920-08-14
FINANCE ISGREAT
PROBLEM IN
POLAND
Millions From America Are
Held and the Nation
win Recover.
FOOD AND RAILWAYS
ARE BIG PROBLEMS

7 ONDON. Eng Aug. 14-"From
J., S150.0o0.oo0 to 100000. 600 Ameri-
can money IS pouring into Poland
annually from friends and relatives
in the United States, and this free
gift Is one Of the biggest assets that
IS working 70 put Poland on her IA
tional feet"
That is the message brought back
from Poland b. Bates Wyman. special
representative OF the Guaranty Trust
IN Poland since April.
This means that Poland receives
this amount Of purchasing power
every year without the necessity Of
exporting any value IN return he
said The Polish government is
considering the possibility OF using
this purchasing power as a means OF
strengthening the financial situation
For Poland's financial situation is
one q the biggest difficulties TO be
solved.
Conditions IN Poland are improv-
ing despite the present military sit
uation, and the economic outlook Is
such as TO arouse degree OF optl-
mism- While the present situation Is
serious. both from the political and
economic standpoint, the country Is
definitely emerging from the chaos
left BY the war
strikes Less Frequent.
Wherever there IS work to be
done the Poles are working. There
have, OF course, been many strikes
The rapid depreciation OF the curren-
cy made Il almost impossible to ad-
just wages 70 the cost Of living and
strikes inevitably took place. These,
however. are less frequent
The people are earnestly patriotic
One can discern almost daily the dis
sipation Of the ancient feeling OF
arrangement which existed between
the three branches OF the nation who
lived under separate governments for
more than Is years
The business men OF Poland after
the generations OF sharp practices to
which they had been subjected BY
their foreign conQuerors, we're ineT-
itably somewhat suspicious Of the
rest OF the world. Ny experience Is
that they are learning to do busi-
ness on q business like basis without
the ever present fear Of being vic
tisaized.
Their desire 10 moderuizs their 1
commercial practices and do business Z
with the nationals OF other countries :
on an equal basis Is proved by their I
rapid adoption OF modern methods i
and a general belief In the efficiency /
Food Transportation Problems.
The big problems have been those ]
OF food and transportation The food /
problem VIII be nearly solved BY this I
years harvest Crops are plentiful I
Agriculture IS hampered BY lack Of 4
draft animals and farm machinery i
making II difficult to farm fnten- /
sivelv with the absence OF so many 1
men away at war.
Prominent bankers suggested 70 j
me that II a portion Of the immense /
sum spent for food relief IN Poland /
were diverted to farm loans. the eco
nomic effect would be a distinct i'm
provement- The continued need Of 4
outside food assistance viii not be 4
due to lack Of home supply, but 10 /
the weakness OF the scheme Of dis
when 7 arrived in April there was
little or no railway transportation
Since then the Poles have learned 20
run their railroads. such as they are
Their repair shops are operating.
Only such rolling stock as was left
behind by the Germans and Russians
Is available.
'sT7he people feel that wlsh the great
resources OF their country they can
hardly fail 70 pull through Poland
has much iron. g quantity OF low
GRADE coal n the south. numerous oil
wells. and great areas Of forests"