New-York tribune., 1921-11-25
Vanderlip Has
Plan to Settle
Debt Due u. S.
Financicr Returns From
Europe After Studying
Its Economic Condition
and War; Time Obligations
WiuTell Solution Monday
Predicts Improved Business
Here; Other Notables
Arrive ON the Adriatic

| OxA kAAO SANAA ASkbAN
-.-~.-----------
Frank A. yanderl!p, former presi-
dent Of the National City Bank, who
went abroad Ave months ago to study
financial and economic conditions in
Europe, returned last night on the
White Star liner Adriatic from South
ampton, accompanied by Mrs. Wander
lip.
| He covered much territory in his
travels, and had abundant opportunity
to talk with the big men representing
the European democracies and what Is
] left Of the monarchies. The banker
accumulated material that went to the
! ciAl debt to the United States and
helped him in working out his solution
Of the question.
He said the subject was so vast that
he did not desire to talk Of it super
| ticially, and added that he was conserv-
! ing it for an address that he will de-
| liver before the Economic Club on
Monday night. His plan for settlement
of the inter-Allied debt to America
will be freely discussed by him in
this address before the club.
! The troubles Of the Old World, he
said, were moro complicated than
those OF America. Europe's troubles
he described as tenacious, while those
Of America were merely passing shad-
ows.
America" he said, sis so we'll of
compared with Europe that she can
reely join to-day in wholesome spirit
of thanksgiving. The present Ameri-
can business depression / regard as a
temporary matter, with sunshine as
poets not far away"
| Another traveller on the Adriatic was
E. j. Berwind, the coal operator and
one of the heaviest stockholders of the
1nterborough Rapid Transit Company,
who had been abroad on trip of OBJ
servation of the coal market of Europe.
| Regarding the inquiry of the Transit
! Commission into the financial affairs OF
the Interborough. Mr.. Berwind said
that any solution of the transit prob
| lens which would be just and fair to all
interests concerned would meet with
his approval.
The relationship of American coal to
/, the European markets was one Of the
subjects that took up most Of Mr.. Ber-
winds attention while abroad. He re-
turned with the firm conviction that
the cost OF coal production in this
country must be reduced if American
coal operators expect to get anywhere
at all in the coal trade Of Europe.
"Just now we cannot compete with
the European coal markets." he said.
England already has reduced her coal
to one-half the price advance since pre-
war times, and she will drop it lower
later on"
Among the Adriatic's passengers
were travellers who had joined the
English Union, organized
simultaneously in London and New
York. They got together on the run
across and held meeting in the
lounge on Tuesday night, Lady Muir
Mackenzie, one of the founders, pre-.
siding. The speakers were My. Van.
derlip and Claude GrahameW White. the
English aviator, who, with his wife
known on the stage as Miss Ethel Levy
is to pass the winter in this country
Mr.. Vanderlip commended the OBJ.
. jects of the union, but expressed the
opinion that the now familiar slogan
Of self-determination is economically
unsound. Se]f-restraint in the in
dividual, he said, is essential before
that quality can benefit a community
as a whole. Mr.. Grahame- White de
plored the proposed curtailment in air
plane construction by the arms limi
tation conference. He expressed the
belief that any agency like the air
'. plane which cut down time in trans
port communication between the ne
!, tions should be encouraged, as it wa.
between peoples.
Lady Constance Kingsmill, Of Ottawa
wife of Admiral Kingsmill, offered tn,
following resolution, which was sent b.
, radio to Mr.. Hughes and Mr.. Balfou
in Washington:
"That this meeting OF American citi
sens and British subjects held on boart
the Adriatic desires to express itsel
, as being in full sympathy with the OBJ
jects Of the English-speaking union"
In Response to radio message. sen
the Limitation OF Armament, Mrs
Frank A. Vanderlip prepared state
ment OF her views on the importance
~ Of disarmament to Europe and wha
women are doing there in It's behalf
The statement said in part:
Many nations Of Europe themselve
"a would like firm outside force to max
) them behave in the case Of armament
} reducing government costs in civil ad
ministration. The people are all i
the thralls OF old age hatreds, cause
by successive expressions by one o
another kingly despot. They canno
SoAAsSA1. Ps@vo AoJAAik AOWA eHOsA dliit
against one another. They lack visio
and hope. America, England and Japa
are leading the way. They must re
main firm and devoted. The women o
these countries can so support thes
nations that they can carry through
program and help to make new civil
zation. The women Of America mus
themselves make up their minds on
practical program Of disarmament, 9
reasonable that it can be put through.
: Among the Adriatic's passengers wa
Robert Mclaughlin, vice-president 9
the General Motors Corporation, an
president Of the Mclaughlin Motto
! Company of Canada. He left Pari
= hurriedly when cabled that his fathe
founder Of the latter company, wa
|. seriously i'll at his home in Oshaw,
Ontario. Shortly before the Adriati
4 came to port he was advised that hi
! father had died.
Z. Among others on board were: Cond
Mast, the magazine publisher; Marti
= Benson, the British sporting man an
l. bookmaker, known as Douglas Stuart
:. r.. L. Cottenet, Lieutenant Colonel /
g Y. Jelljcoe, d. S. o., r. E.; Stanle
q Mortimer, Mrs. John A. Logan, Mr.. an
Mrs. George Harrison Phelps, Mr.. an
Mrs. Hector W. Sassoon and Colon,
I Cornelius de Witt Wilcox, U. S. A.
= Winter Growing Time fo