Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1921-03-29
SCHWAB WARNS
U.S.. TOBEWARE
OF GER MANY
That Nation Nearest OF
Europe Back on
Feet
BY WHIT HADLEY.


81 can see nothing ahead but unus-
ual prosperity for Ameriea," says
Charles M. Schwab, the steel capi-
talist and former director general of
government shipbuilding operations,
who has returned from a six-weeks'
trip to France and Italy.
Schwab has brought back person
al message from the pope which,
however, he will not divulge until his
Forthcoming speech at the Chamber
of Commerce dinner late II April.
'The message" Schwaf explains,
concerns America and ey2n to hint
at it's nature now would ba to break
faith with the Pontiff at Rome.
Gust why l went to Ffance and
Italy," he continues, "and why / was
summoned by the pope, 5cannot be
discussed by me in any way until |
address the Chamber of Commerce"
"Well," l said, "what can you tell
me that is enlighteningY
Il want to- speak word about
Germany first" he replied. "This
government and the allies, too, must
stop fooling themselves.
81 say with great earnestness, be-
ware Germany and beware Germany
efficiency.
81 made it a point to get certain
facts. l have discovered that Ger
many is recovering from the war
faster than any man knows,
France and italy are getting or
their feet, but Germany is almost on
her feet, Germany is going to be a
tremendous factor to deal with, and
every other nation on earth will find
her a relentless competitor
Germany has been conquered,
but her spirit and efficiency is not
conquered.
German diplomats fear America.
Germany cannot oustrip the United
meet measure for measure.
"The reparations question is very
serious because it continues to keep
exchange unstable, and with eX-
change uncertain there must be tre-
mendous waste and loss.
Great Prosperity Due.
America is due for the greatest
wave of prosperity in her history.
We must have moderate protective
tariff and if this is enacted right
away and peace is literally declared,
the American worker will come into
his own.
'For then he will be protected
from harm through ruinous con1pe-
tition of foreign goods now being
assembled in Germany, France and
Italy for invasion of the United
States.
81 studied conditions very care
fully in France and in Italy. AS a
result have come to this conclusion
with regard to America:
"The productive resources OF the
United States are somewhat in excess
of home consumption. 1t is rlgnt
that such should be the case.
eff, however, we cannot export
this surplus we must at once limit
the production of our factories. II
we can export it, as we should, we
can then keep practically every fac
tory in the country running at full
time, twelve months to the year.
Germany is doing so, France and
Italy are trying to. Full time pro-
duction means more money IN wages
and in profits. It will lower prices
for commodities.
Our Merchant Fleet.
"We have. built up great mer-
chant fleet, but these ships will have
no value unless we follow up their
construction under our new admin
istration at Washington by the I'M
mediate devising of ways and means
for their operation. .. :,
81 am not personally committed
to any form of merchant marine
operation, excepting want the one
that operates.
LET it be understood that legis-
iation to promote our overseas trade
is not for the benefit of any class,
but for the benefit of the masses.
"Our ships are not only penalized
by, statue, but they have not even
the single advantage of the free use
of our own Panama canal.
81 find, too, that an English ship
can actually go through this canal at
a lower rate than our American ship.
"The first step we must take to
maintain an efficient merchant ma
rine is. to permit ships flying the
American flag to pass through the
Panama canal if not free, then at
lower rates than are exacted from
foreign ships.
Effect of High Taxes.
"From what I have seen abroad
am convinced that excessive taxes
tend toward a leveling downward.
"The supply of free capital arising
from profits, instead of being re-
turned to industry, is being poured