The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-08-06
ADVOCATE TRADE
WITH S. AMERICA
Farmers Tells c. Of G.
Rate of Exchange Is
Against Europeans
DISPELLED ILLUSIONS
Buchner Says Rotarians Did
Much to Bring About Cor
dial Relations

Considering 'ho shattered state
~ foreign exchange the groat
shrinking In the value of English,
French. German. italian aud E'l-
sian moucya-thc profitable and
practical course for tho United
states 10 pursue f. 10 extend IT, field
Of commercial operations into South
America and other countries that
arc not so greatly affected bv the
exchange situation aH European
ruuntricg. A. |. Farmer declared at
tho open meeting Of the chamber
of Commerce Ht Hotel Tulsa Friday
noon. other speakers wcro e. T.
Buchrcr aud w. H. lIorstor. an ot
whom have returned recently from
Europe whcr" they observed eco
monte conditions briefly but closely
Pounds. francs, ccntlmoS lrcs
ana other denominations ~ money bon
European countries nave shrunk
until their purchasing value Is dc
plorahiy small Farmer explained
Their financial systcms are un.
wicldly, and apparently most por-
sons are ignorant Of exchange. oven
IN their own countries. Franc notes
have been issued by the different
provinces IN France, Farmer said.
but the francs Of one province are
not interchangeable In other prov
inces.
Belgium Recovering Rapidly.
Belgium shows greater alacrity
than any other European nation,
with the possible exception OF Ger
many. In recovering from the effects
Of the war In France the crops
-
were not even harvested because uf
the poor condition. All OF Europe
Is financially poor. and. occordins
20 reports received from inhabitants
Of the countries vlAtcd, II may be
five to 10 years before those coun-
tries can recuperatc.
Tho 1000 Rotarians that visited
England, France and other coun-
tries on the continent did much 20
cement the feeling OF friendship be-
tween America and those nations
Buchner declared. Buchner and
Farmer were delegates from the
Tulsa Rotary club to the internn
tional convention at Edinburgh
Scotland. While Americans TOOK
upon the English as n reserved and
queer class Of citizens, the EnFlisi
reciprocate this feeling and lool
upon inc Americans M queer race
he stated. This was illustrated whei
Secretary DENNY recalled Admira
Sims from England. English paper
sonorally viewed the incident wit
amazement. as they could not under
stand how n man who had been /
the ranks while Sims was helpin
destroy the German fleet during tn
war could ever ascend To such pow
er that he could recall Sims HON
merely for making few remarks.
Labor Cheap In Germany.
Horater spent considerable time II
Germany country not visited u,
Farmer and Buchncr. Oon-thirt
more men are working In German,
today than were engaged before tn,
war, he said. Because OF the cheap
ness OF manufacturing In Germany
American corporations are opening
plants thore and closing their plant
In America. Among these he mon
toned the International Harvestc
company, Goods can he manufac
turcd In Germany and delivered T.
America for less than the cost q
manufacture In this country. he dc
.clared, and added that until the rat
of exchange liz adjusted. this condl
tiun will continue.