The Arvada enterprise., 1921-05-26
Aims Of the American Chamber
q Commerce for the levant
:: Ars Set Forth.
70 RH Up IMMENSE FIELD
csnstantinspis osstinsd to Dseems
he ''chiesSs Of Evrsps." says New
prssltsnt Of OBSERVATION-DISCLOSURES
tuRisy for American Capital.


Europe" according to an Interview
authorized BY Mr.. Lucien Irving
Thomas. a director Of the Standard
Oil company Of New York, which com.
pany has extensive interests through
out Asia aud tie Balkan states.
Mr.. Thomas lately returned from
. visit to Europe. Il learned. while
In London, that had been elected
president Of the American chamber Of
commerce for the l.evant." said Mr..
Thomas. II refer to the newly. organ
t1ed 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 COnstantinople.
''The organization OF this chamber
b 4 timely movement to promote re-
ciprOcal trade relations between Amer
lea and that great area-extendlng
from Egypt to Russia, and from Per
sia to Italy-of which COnstantinOpIe
10 the center.
Gateway to Vast Empires.
"Very few people appreciate that
Europe and Asia meet Ut the feet of
ConstantinOple." continued Mr.. ThOm-
as. "Tfse chain Of waters. the Dar-
danelles, the Sea Of Marmoru and the
0osphorus, made available for free
commerce, open the gateway to vast
empires Of populOus and fertile terri
tories beyond. When we realize that
Russia, q country considerably more
than twice as large Al the United
States. has few seaports that are not
ice-bound for the greater part Of the
year, except those situated % the
Black sea. we may imagine what
enormous tranic Will flow through Con-
stautinople when Russia. with 4 hum
Ared million Of her people nearby,
GETS into her commercial stride"
'Then consider Roumania, now with
twice her former AREA country Of
great natural resources. with u pres.
sot population Of 100000. Bulgaria
too. noted for 4 sturdy and industri-
Gus population. has her commercial
sstlet on the Black sea. And even
on the farther side Of the Black sen
must occupy an important place In
overseas trade.
"Jueo-Slavia. now vast In area by
comparison with Old Serbia, with
substantial natural resources aud n
population Of over 14.OO0OOO has. Of
course, one trade outlet via the Adri.
attic. and another via the Danube to
the Black sea. Without any doubt the
Danube 10 soon TO play 4 much more
important part In the trade Of the
6Alkan states than It has ever done
h the past.
Aas Natural Wealth.
Both JuyO.Slavia and Greater
Greece will hold 4 more important
position than now In the Levantine
trade Of ths future. Egypt II growing
iate q land Of commercial Significance.
While certain territories have been
detached from Turkey since the war.
there remains much fertile and vaiu-
able land. Turkey In rich in minerals
sf al kinds.
''The war and Its aftermath upset
exchange throughout the Near East.
and this has made commercial trans
actions diaicult for the present. But
ths natural wealth 10 there; and .
population for TIT most part industri-
eos. Trade must surely grow.
"A high oasci4 of an International
hank. one who recognized as having
unusually bros6 and accurate knowl'
s1es sf OTTOMAN financial matters.
stated to NE! at Constantinopls that
h Turkey fylly e5.000.O00 In gold 10
bearded by,/the people In 'stockins.les
banka' se6 not deposited At a with
tAs pubic bankers. In this connec-
t5en Il sa{suld be remembered that the
oriental bind 10 accustomed to think.
1aaneiall5. In terms Of hard money
and that psios to the European war
o0ly ssSd asd silver were In circula.
ten. tef any extent. in Turkey. There
10 evid pses tAat great private wealth
exists Were today. In gold. silver and
Jewels. \pot 70 mention other vaiuables.
anA th wealth will come Into the
current (Darket ~ trade returns 70
nesDai.
The qvant Offers Q splendid .op'
portuni,v<lse the Investment Of Amer.
lean can,Sal, Ia . wide range Of eo.
6rprIses.{ oss Of the great openinss
ef The r6nt 10 for the construclloo
Of dweiII1 warehouses. harbor in.
provem.o ~ And 70 forth. CONSTANT.
noole .,o1 Aas lost 5000 10 $1,000
Aeu,es hvy0o since the war bsgan.
and .so,d4 = aagniacent opportunity
far hou..h000hg activity. ] know
Sor +. e.c, ~ ~ Turkish authorities
a o.la w.,clDo anyone coming there
sor nm. nr.,) ~ and that they would
ave-, n. .,.A6 oGer concessions. The
orey.iI,,. ~ y progressive. Mod
srn indu.,r,.) ~ l1oeas. too Is now
seu.h, ~s.V eDrmsiy It was
shus"ed. I n,.. ."., : ,.,o ,vo' ,ewsr ,."r
es ~. ~ 49,. party. Q business
~>,s. ~ asons resptsd b. ths
: 80 ID: s::s s::.':: ::..: !. -: -:
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