New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-17
World Trade
Quick to Pick
Up, Says Ryan
Financier, Going Abroad,
Hopes Living Standard
and Pay of Worker Will
Not Reach Pre-War Level
Business Scare Ending
Hurley Sails for Conference
With European Industrial
Chiefs, Including SHINES

pressed most opClm1SClc DeNet yeSter-
| day, before sailing on the White Star
liner Olympic, in the quick readjust.
ment of business and living conditions
in the United States and the general
improvement of the worlds economic
and financial condition.
| He laid much stress upon the hope
that the standard of living and pay Of
the working man would never reach the
low level of pre-war days.
He said also that one of the things
which initiated against more hasty
recovery from the war was the fact
that the people of the country nave
! been scared, but he expressed the be-
lief that they were about over that
condition now.
Conditions On Mend
Il feel confident" said Mr.. Ryan,
that business conditions all over the
world, with very few exceptions, are
slowing improving. In this country
orderly but persistent liquidation has
been going on for many months. Our
merchants are buying only what they
can sell quickly for cash. The con-
sumers have had to listen to so much
pessimistic talk that they buy only
what is absolutely necessary for their
daily wants, because they have been
expecting a still further reduction in
prices
People everywhere have been scared,
however, they are getting over that
now. Our people are the greatest con-
sumers Of food and manufactured prod
ucts IN the world in normal times and
norma are slowly coming back.
cult one there are many signs that
sho" that union, as we'll as non-union
iaborers are willingly and honestly try
ing to do their part in the readiust-
ment process which is going on. hone
the standard of living and pay of the
worklngman never will reach the low
pre-war level. To force that would
be very bad for everybody.
The evils created in seven years
corrected in a few days, but spirit
OF determination am cc0peration on
the part of afl will help bring pros
perlty much sooner than most people
think. p'op10
q also feel hopeful because Presi-
dent Harding has put on his overalls
ana IS determined to use his great
power and influence in the readiust-
ing process as we'll as the settlement
~ nh ~ 1Iorelgn and domestic questions,
winch so vitality affect the economic
people," GA wi
Mr. Ryan, who was accompanied bv
mrs. Ryan, will travel in Europe for
about two months. The financier said
ne mad no particular program, but
would go first to England and make his
plans there for travel.
Hurley Takes Business Trip
Another traveller on the Olympic was
Edward N. Hurley, the Chicago mann.
facturer and former head of the United
oeates Shipping Board. He said he
was gong abroad on business and
woulo spend six weeks seeing leading
business men In France, England, Bel
gum and Germany. He said he honed
TO TO have conference with Hugo Stinnes.
the dominating financial and industr; a |
hgure in Germany.
y. shortly before the Olympic departed
Mr.. Hurley had chat with Albert D.
Lasker, the newly appointed head If
tne United States Shipping Board. He
SAID MIR. Lasker was an exceedingly
aole man and that he was starting in
Board. WV chipping
Three of the seven oxford.con
bridge tennis players who had heen
meeting players from Harvard. Yale
ana princeton in matches here returned
yesterday on the Olympic. y
LARK Hopkins, captain of the team
an American who is a Rhodes scholar
IN England, said the men were ovar-
whelmed with the fine treatment and
general hospitality they had received
IN this country.
American Hospitality Praised
~ nave been requested to say for the
British team that their reception hare
was exceedingly pleasant and the hos
pltaiity accorded us exceeded our great
est expectations. We were beaten nv
iaie' Princeton and Harvard, but we
had great time, and our one hone is
mat the players from these fine in
s.isueions VIII visit us next year that
hospitality they bestowed upon us. We
nope to equal it, but could hardly ex-
ceed 1t. Our treatment on ali the
american courts on which we PLAYED
was glorious End sportsmanlike.'
~ The men returning with Capta;n
Hopkins were r. R. P. Barbour and p
M. Dixon. '"o I :
!, George Grossmith, who. purchased
the English rights for the production
OF sally" sailed on the Olympic, ac-
companled by Jack Haskell, who will
assist IN the production.
The Olympic carried 651 saloon AAo
second and 900 third class passenoers
Soo of the last-named group baving
been transferred to the vessel two
hours before sailing as an overflow
from the Red Star liner Lapland