The Washington times., 1922-08-18
FINANCE
AND
.RUsiNEss 1',1
BY b. @. FORBES.

Now investigating conditions in
the West.
The West is a land of such vast
distances and am trying to cover
SO much ground that it's some
times difficult >to<find opportunity
to write this column.
have just been penetrating to
the roof of America, to the heights
of the Sierra Nevada mountains,
where the most gigantic hydro
electric enterprise In the whole
world is being constructed, and in
order to rush through a column in
time II will be necessary for me
to i'left-end" something someone
else has written. The fol-
lowing are extracts from an inter-
view with me published in the San
Francisco Examiner by its able
financial editor. Denis Donohoe.
"B. c. Forbes, a financial writer,
with the largest list of readers in
America, inasmuch as ne addresses
an audience OF 100000 human be-
inss daily through the columns Of
the Hearst publications, is paying
his first visit to San Francisco.
From his brief talk yesterday II
Is clear that Forbes readers here
after may expect many Illuminating,
keen-visioned articles from his facile
pen discussing the wonderful oppor-
tunities for development which exist
In the States bordering on the Pa
cific.
I'm the interview which follows.
Forbes summarizes, with his usual
accuracy, the principal requirements
of the vast territory which stretches
westward from the Rockies.
Your biggest need he said, is
more people on the SOIL He pro-
ceeded as follows:
Travelling westward from Chi
cago, through the well-cultivated
acres Of the prairies out to where
the farms grew scarcer and more
scattered, the thought gripped me
of the possibilities which await a
denser population, and began to
wonder whether the existing legis-
lation, barring the doors to the
broad shouldered. hard working
white population Of Europe. was
wise.
"'As for your local problem, Of
placing the right man on the right
land, while / am not familiar with
the details, 1 believe that the Cali
fornia policy Of land settlement, as
1t is being carried out under the able
direction Of Mortimer F1eishhacker,
will go far toward building up the
State.
'Fleishhacker is a practical man,
and impresses me as being engaged
in a big constructive work. At East
ern centers, unfortunately, such mat
ters as this too often are left to the
guidance Of some professional poll
tician. Your wonderful port of San
Francisco, with its incalculable> po-
tentialities for development of the
commerce of the Pacific, impressed
me no less than the empire of fertile
acres through which the train car
ried me here.
Mankind has access to only two
primary sources of wealth-the land
and the sea. You have them both.
lures of your life here seems to me
ly alive to the development of the
latent commercial possibilities Of the
port Of San. Francisco.
During my trip westward I was
greatly impressed also with the good
road building going on in the States
traversed in my journey.
Paved roads are synonymous
with advancing civilization. The
Romans built them for the convent
ence of moving their soldiers and
military equipment
"'You, of the Pacific coast, and of
other Western States. are building
them for your farmers, for the trans
portation Of food products-a far no.
bier object, l take it. People here
in California seem to me to be natu-
rally more manly, more kindly, more
inspired with the spirit of real friend
illness, than in the teeming, bustling
East.
Frankly, you have giants out
here. You have here Robert Dollar,
who has been conducting the most
successful steamship line company
of any in the world during this peri
cd of strenuous pressure.
THE Fleishhacker brothers, Her
bert and Mortimer, l estimate as
standing in the very first rank OF
Americas able men.
John A. Britton and Wiggingtoa
Greed have devoted themselves to
the upbuilding of a new principle in
the utility business. which they op-
crate in a thoroughly democratic
way, assuring the loyalty Of their
employees end the satisfaction or
their customers.
"'You have Kenneth Kingsbury
also, a man Of the very first rank,
who, although a graduate of one OF
the Oldest engineering schools In the
country, did not scorn to begin HE
firing the engine in a pumping sta
ton. Today Kingsbury heads a com.
pany which is producing more oil
than any other single American COM
pany." - , r.-,..