Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-02-23
"sTAND BY GREAT BRITAIN
MESSAGE OF AMERICAN
ASSOCIATION IN LONDON
Declares That Despite Collapse OF the
round sterling, England liz Fin
nncinlly Sound Today.
10y AssocIated prcss n

LoNDON. Feb. 22.-Great Britain is
fundamentally sound, both financially
ana commercially. says thcs American
Chamber OF Commerce Of London In
statement referring to differences
In the financial position of Great
britain and the continental European
countries The chamber expresses
the belief that the recent unprece-
aehted drop In sterling exchange on
america makes 1t particularly desir-
able that the bout opinions IN each
sido of the Atlantic concerninr This
question should be understood on the
other side
After thorough discussion with ths
leaders of British finance. tho chamber
TO the American business public. Tho
message reads in part as follows:
~ The ne collapse of the pound sterling
Brtains financial strength or weak.
ness London is today. as before the
war; war, the monetary center OF Europe.
American credit in Europe. Great Br Brit.
ain has been forced to supply the credit
ns hsr of the continent as well as those
yoI Holiar exchange Is really New
exshansn ere not Mew YorkLondon
bankrupt nor anywhere near IL. al
though her external debt is Larger
d dnhn eyer eve. before In ier history. This
4
the needs OF her continental allies ami
sue is owed Approximately twice az
A Amen as she , OWES America While
All her British debt. Great Britain ei IL
preparing to write Off so per cent OF
hcr continental debt
IN spite of these facts, British bus,
ness and finance are in rundment
any sound condition. Business men.
demoralizing effects OF the war. Th ,.r
customary cur energy Is rcvivins and Brit.
nut a SeIth are iiInnGreasl3g their out
British government expect. or orr a ,sc
fturther government or long term loans
APPEALS for American credit in he.
ni,a,,,, or the destitute OF Europe
ain: Such emphatically is no. The
IS On" On ~, fourth Of Great Br!tain's deb.
an e. cas- rne ,o mite. TED, States: It Is neither
EXPRESS the feeling in the civ re sry 20
, ne n, t ianea For the most part it is not
heard to exp fi no anv ba a,nxh, has been
american debt being paid In full. pc fts
f fSsmdfH f nafions do not make for
Is why BRITISH financial leaders '"a q.
n npnnae r moments. sometimes cx-
Time. thcy an all, AROUND. AZ tho same
,r,s. ~ 10 MAKE any such DroDosai
iney nave complete confidence in Inc
eont'nued supremacy OF British In.
c cms gu s'cxcusc s'accuse' (who nx.
euScs himself accuses hImselfj thn.
shhs, ana prefer to let the world Lnn,v
then en-, by their deeds. ' snow
british bankers today sec c,car,,
III, ,I Joint responsibilities OF Great Bri;
; Tim ana the United States in heipInt-
~, ~ s.ricken countries OF central Wne,
I w,t,, 10 their feet and arc accordlneIv
cva t', my, Win tho kecnest interes,
StnttSSs move being made by the UnitcJ
business and financial nrohis ~, = rratcat
hour Great Britain. they say i, vi tna
her utmost and she cannni DC uoin5
more The United States bci,,. ,'uss
savc Europe once and surely ebe Is
no not refuse to do so again. M"rao WI.
properly managed. thes" ,n,,nh'
mGcucd Investments on the con,inS.
ih'Snt nc made ultimately IN nrn,,s
andsone business prom. nn,;,Ei"
as,n IN the city for Greaier a,na anus,-
participation in this work of ra.
,nG ION rs mainly due to tho ract that IN
n mnG.e English speaking world VII .ni
.S'iumma1ri2InE the cxamin,.io,
ih banking opinion IL hns ~, or
cnc american chamber -ei;ernIo" iuuc.
rrcat Britain does not ask cr 80 tnat
mcrscii. hut what she wsne ioE
normal world 10 do busjness H., Us
VIII friendly America cnn,tr,
n.anu oS in helping To ,paEn 10
=, e. disrupted world norIno1e.. IN! ne
Iii SSase says in conclusion "rh 'He
an Treat Hritain asks" "1' ~