Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-12-01
HARVEY SPEAKS
ON DOLLAR AND
POUND CONTEST
Race Of British Money
to Goal Of arity Is
Cheered on

Manchester, England. Nov. 3O:-(By
The Associated Press. George Har-
vey, the American ambassador, speak
ing as the guest of honor at a Thanks
giving dinner Of the Anglo-American
Society Thursday night, outlined in six
points what he considered good form
ula for the national policy of the Uni
ted States. The points as given by
Mr.. Harvey were:
Tirst-To foster the strength of the
republic by just legislation and econ
omy at home.
Second--To preserve TO the nations
of the world the blessings of peace.
Third-To strive to cultivate and
maintain q concert of Europe.
Fourth-To avoid needless and en-
tangling engagements.
Fifth-To acknowledge the equal
rights Of all nations.
Sixth-1'he foreign policy of the
United States shoulds always be inspir
ed by love of freedom.
Mr. Harvey. who responded to the
toast Cordial Relations" said very
few words would comprise a compre-
hensiveiy adequate response.
The relations between Great Brit
ain and the United States both be
tween governments and peoples. ought
to be cordial and they are" he said.
Discusses Money Situation
They should continue to be cor
dial. and they shall. What more need
be said The toast has been propos-
ed and the response has been given.
Argument is unnecessary. The asser-
ton is accepted and the incident is
closed"
But having tersely disposed Of the
subject of the toast, Mr.. Harvey pro-
ceeded to comment at some length on
the present industrial situation as com
pared with the period Immediately fol-
lowing the Napoleonic wars. He EN-
phasized that although conditions now
admittedly were bad, they ARE vastly
better, both in fact and promise" than
obtained for ''15 long, dreadful years, ;"
following the Napoleonic wars
Speaking of trade conditions and
exchange rates, he quoted list oil fig
ares showing IN improvement. He
declared that 10000 pounds would buy
more foodstuffs from the United States
now than 25,0Go pounds sterling would
have bought year, ago. The chase of
the pound sterling after the dollar had
been fascinating one and, although
the pace of the pound sterling had
somewhat slackened last summer. its
stride had been resumed and the goal
parity. although hardly within strik
ing distance, nevertheless was in sight.
Self Help Needed
THE day, when it has been reach
ed the ambassador continued. will
indeed be a happy day and worthy
of celebration on both sides Of the
Atlantic. We want all the peoples of
the world to make money, to make our
money, if they can, by work, but not
by lying down or by pleading the baby
act. Uncle Sam resembles the Diety
in one respect, al any rate; he prefers
to help those who at least try to help
themselves
THE United States has become what
has been called creditor nation.
What of it? She was debtor and
very hard working debtor through
many generations. X isn't crime to
be creditor, is it? ! ask you Eng
lshmen; you ought to know. II it is,
beware the hereafter.
Great Britain has been and as Sir
George Paish demonstrated the other
day, after having provided for all her
obligations. still is far and away the
greatest creditor nation of the world
That's right; that's as il should be.
You sturdy. capable. far-seeing Eng
lishmen have fairly earned your wealth
and are justly entitled to keep it or to
use it as you see fit. We quite humbly
but somewhat firmly claim a like priv
ilege.'