The Arizona copper camp., 1920-03-13
A DECLARATION OF
INTERDEPENDENC

(By Herbert N. Casson, Written for
the Boston News Bureau from Lon
DOM
Britain is ripe and ready for fnan-
cial and industrial Declaration of In
terdependence with the United States.
Partly because of her defeats in the
first three years of the war, and part
ly because of her industrial inferiority
today, Britain has quite lost her old
time spirit of -sufficiency.
The impact of fact after fact has
realization that the scepter of indus
try and finance has passed from Lon
don to New York.
Slowly the hard lesson has been
learned that the British attitude of
superiority, acquired by dealing with
many subject races, is not at all
suitable attitude in dealing with
America In fact, most people now
see that it is rude and absurd atti-
tude.
Britain needs American help as ur-
gently in finance as she needed it two
years ago in war. This is fact
which no British business man would
try to deny. Britain needs help and
she is not too proud to accept it.
Fifty years ago British capital was
int
roads and develop her industries and
today the time has come for America
to reciprocate and to pour American
capital into the industries and rail
roads and shipping of Great Britain.
England is holding up Europe She
is sending goods to France, Italy and
Belgium. She has spent millions in
trying to do salvage work in Russia.
But the fact remains that Britain
has no strength and no money to
spare. She has lost half of her
wealth in the war; and she needs
American help far more urgently than
she will admit.
For the eleven months of this year,
Britain is $4,000, 100000 behind on her
foreign trade, and America is $780,
100000 ahead. That tells story that
can no longer be concealed or ignored.
That is why the grand old British
sovereign is selling in New York at
1885, apiece. No other fact has done
so much to abolish British compla-
cency as this.
The usual British procedure, as all
other nations know, is to ignore what
ever is unpleasant. But the steady,
remorseless degradation of the SOW
ereign has compelled everyone to ac-l
knowledge the perils of our financial
predicament
Several Americans have helped this
realization forward by frank state
ments-Paul Warburg, for instance,
and Herbert Hoover and Clarence W..
Barron.
We are still confident We are al
ways confident. We are as confident
as Beckett was Just before Carpenter
knocked him into oblivion. But at
the same time we are noticing the
magnitude of our floating debt and
the continuous drift of all balances in
the wrong direction.
We need American help and we are
awake to the fact that no other nation
is strong enough to give us the help
we need. America stands first and
we stand second, in the world of in
dustry and finance; SO that we are
compelled to depend upon America.
In the last two years deep respect
for the United States has grown up in
British public opinion. All visiting
I'Americans in London are Immediately
aware of it.
The fact is being felt that the Unit
ed States, after all, is nearer to us
than Europe and vastly more con-
genial.
Whether the Wilsonian league of
nations becomes a reality or not, the
British people feel that the English
speaking races must hsnceforth work
more closely together.
AS you will see, when the inevita-
BILE war with Mexico Eegins, there
will be thousands of British volunteers
rushing across the Atlantic to lend
you hand.
There is now a universal apprecia-
tion of American strength and kin
ship, which political deadlocks can
not alter. We, too, know the acci
dents and absurdities of politics. We
know that the real American people
are just as loyal as we are to the obli-
cations of duty and the responsible
ties of power.
Britain and America are already in
terdependent and being bound togeth-
or more CLOSELY nv The events Of eV-