The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1921-05-27
PROMOTE TRADE
IN NEAR EAST
Aims Of the American Chamber
of Commerce for the Levant
Are Set Forth.
TO Open Up IMMENSE FIELD
constantinopIe Destined to Become
the Chicago Of Europe" Says New
President Of OBSERVATION-DISCLOSURES
tunity for American Capital.

New ork.-Constantinople is des-
tined TO become the Chicago OF
Europe" according 10 an interview
authorized by Mr.. Lucien Irving
Thomas. a director of the Standard
OH company of New York, which com
pany has extensive interests through
out Asia and the Balkan states.
Mr.. Thomas lately returned from
a visit to Europe. II learned, while
In London, that / had been elected
president of the American chamber of
commerce for the Levaht," said Mr.
Thomas Il refer TO the newIy-organ-
ICED American section Of the chamber,
now maintaining headquarters In New
York. 1t will cooperate with the long
established chamber of the same name
which has Its seat In Constantlnople
"The organization of this chamber
is timely movement 10 promote re-
ciprocal trade relations between Amer
lea and that great Understanding
from Egypt to Russia, and from Per-
sia to Italy-of which Constantinople
10 the center.
Gateway to Vast Empires.
Every few people appreciate that
Europe and Asia meet at the feet of
Constantlnople," continued Mr.. Thorn
as. "The chain of waters, the OAR
danelles, the Sea of Marmora and the
Bosphorus made available for free
commerce, open the gateway to vast
empires of populous and fertile terri
tories beyond. When we reatize that
Russia, a country considerably more
than twice as large as the United
States, has few seaports that are not
ice-bound for the greater part Of the
Black sea. we may imagine what
enormous traffic will flow through Con-
stantinople when Russia, with hun
dred million Of her people nearby,
gets into her commercial stride"
"Then consider Roumania, now with
twice her former area--a country Of
great natural resources. with a pres
ent population of 100000. Bulgaria
too, noted for sturdy and industri-
GUS population, has her commercial
outlet on the Black sea. And even
on the farther side Of the Black sea
Is a group of states which eventually
must occupy an important place In
overseas trade.
"Jugo-Slavia, now vast in area ny
comparison with Old Serbia, W III
substantial natural resources and Il
population of over 100000 has, If
course, one trade outlet via the Adj
attic. and another via the Danube 20
the Black sea. Without any doubt the
Danube Is soon to play much more
important part In the trade of the
Balkan states than 1t has ever done
In the past.
Has Natural Wealth.
Both Jugo-Slavia and Greater
Greece will hold more important
position than now In the Levantint
trade of the future. Egypt is growing
into land of commercial significance
While certain territories have beer
detached from Turkey since the war
there remains much fertile and valu
able land. Turkey Ii rich In minerals
Of all kinds.
THE war and Its aftermath upse
exchange throughout the Near East
and this has made commercial trans
ACTIONS difficult for the present, BIZ
the natural wealth Is there; and
population for the most part indush.
GUS. Trade must surely grow.
"A high official Of an internationu
bank, one who Is recognized as havin
unusually broad and accurate know
edge of Ottoman financial matters
stated to me at Constantinople tha
In Turkey fully 65,0O0,0OO in gold
boarded by the people in 'stocking-le
banks and not deposited at all wit
the public bankers. In this come
ton 1t should be remembered that II
oriental mind Is accustomed to thin
financially, In terms OF hard none,
and that prior to the European W,
only gold and silver were In circul
ton, to any extent, In Turkey. The
ID evidence that great private veal
exists there today, In gold, silver n
Jewels, not to mention other valuable
and this wealth will come into Il
current market AZ trade returns
normal.
1.-THE Levant offers a splendid O
portuntty for the Investment of Anne
lean capital, in q wide range of G
terprises. One Of the great openin
Of the present Is for the construct
Of dwellings, warehouses, harbor I
provements. and so forth. Constan
nople alone has lost $4,000 to 800
! houses by fire since the war beg,
!, and affords magnificent opportun
for housebuilding activity. KIN,
for fact that the Turkish authorit
would welcome anyone coming tht
u for the purpose and that they wo,
even be glad to offer concessions. I
prevailing spirit Is progressive. Nj
ern industrial equipment, too, Is n
sought where formerly 1t "
Stunned. / recall that long I'll
ago, prior to the coming into pow
Of the Young Turk party. a busln'
cabfegram was intercepted by
en..~v.tx.L .An~-sAs~~ Nona,,.u a. -.