Evening star., 1921-10-07
BY PAUL SCOTT MOWRER.

BIZ PAUL SUIT MO"HEHs
By Cable to The Star and Chicago Daily News.
Copyright. 1921.
PARIS. October 7.-American pros
perity depends directly on the stabi-
lization of Europe. Not soldiers, but
! moral and economic cooperation and
longtime credits, are the only things
that can build up our foreign trade
and end the business depression in
the United States This is the opinion
of some of the shrewdest business
men in the United States who have
Travelled Europe studiously in the last
few months analyzing and co-ordi-
mating facts and statistics.
There is reason to believe that the
report which is now being prepared
by a special mission of the American
Chamber Of Commerce will tend to
this conclusion. which is known also
to be the view of some of the most
experienced agents of our diplomatic
and consular service.
One member Of the special mission.
Edward A. Filene of Boston, formerly
director of the American Chamber of
Commerce and now director of the In
ternational Chamber of Commerce.
has unofficially prolonged his re-
searches and is now in Paris prepar-
atory to sailing for home. Mr.. Filene
has probably given more time since
the armistice to the study of Euro
pean economic conditions than has
any other American business man,
and the more he has studied the
firmer his conclusions have become.
Mechanically self-Evident.
This is not so much my personal
opinion" he said to me, "as it is a
logical deduction from a given situa-
ton. 1t has kind of mathematical
implacability. For convenience 1 will
ment under several points:
II The United States. being rich in
resources and having a large popu-
lation. might in time succeed in re-
adjusting itself to policy of eco
nomic isolation. but this would mean
competition, in which many firms
would succumb-ten years of con-
fusion and losses. The alternative is
to find an outlet abroad for our sur
plus. This is matter of vital per-
sonal interest to everybody in the
ers no less than business men. for 1t
concerns our national prosperity.
"2. When Europe. their best Gus
toner. is depressed both Asia and
South America suffer and their trade
with the United. States falls off. The
dubitably Europe.
"3. Europe needs and wants Amerl-
can goods-locomotives cars. rail-
way material, farm machinery, raw
stuffs-but cannot buy because 1t mas
no gold and is burdened with debts.
Longtime credits would solve TINS
dilemma. I have personally verlned
that even in the more backward
countries a solid basis for such creo,
its EXISTS in the form of agricultural
products, minerals, oils and uneN-
plotted forests. could
~. If the political situation could
he stabilized-that is, if the various
countries could be freed from the real
or imaginary menace OF armed az
gression-not only would uncertainty
disappear, but the military establish
ments. now the greatest'item in every
budget, could be reduced and the bud
get could at least be made to balance:
Credit could then be granted without
fear; always, however. with the un-
that the money would be
spent in the United States. Thus our
surplus manufactured goods and raw
stuffs would be disposed of, making
Jobs for every one and tending to
restore our prosperity.
Must Join World Anairs>~
"5. Stability could be obtained mucn