The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-05-19
NO PLACE LIKE
HOME SAYS OWEN
PAYS Tulsa First Visit
Since His Return
From Europe
TIMES GROW BETTER
Conditions Not Right Yet for
Extension of Federal
Reserve System

There's no place like home, sweet
home especially when home Is in
the United States"
That Is the way that United States
Senator Robert l.. owen expressed
bis pleasure Thursday at being
hack home" after six weeks In Eu-
rome. Senator owen arrived In
tulsa shortly after noon yesterday
and he declared that 1t gave him
genuine pleasure to be able to get
hack to oklahoma and once again
get I'm touch with its people and its
affairs
n IS the first visit OF Senator
owen since his visit to the continent
early In the year. His trip abroad
was for the purpose OF observing di-
rect handed how the European
countries were going about recon-
struction and also to find out Just
what steps Americans should take
10 hasten the return of normal trad
ing conditions between this and the
old countries.
Commenting on his trip abroad
and return. Senator owen said:
Happy as Columbus.
II felt as happy as Columbus In
discovering America TO get back to
America. Americans ought to re-
10 heaven above for the wonderful
country. which really means the
wonderful people, that they have.
And Furthermore, the wonderful
government which has been built
up in this land of ours. In spite Of
their criticism that may be leveled
AGAINST our national shortcomings,
We have, without n doubt, the very
best government in the world. 1t
can still be improved and ought to
> be improved, but compared with
Europe, we have reason to be pro.
foundly thankful for the conditions
which obtain in America.
II had occasion in February and
March to visit Europe. going to Par
is Vienna. Bucharest and down
through the lower valley of the
Danube river, and on the way back
10 stop in Berlin and London. | was
greatly impressed with the need of
revving European markets and in
stimulating the production of Eu-
rope, so that they might buy and
pay for, on large scale, the Amer
lean products, such as cotton, wheat.
petroleum and its by-proiucts and
other things. | was studying the
conditions in Europe, hoping that
America might. through an extern
sion of the federal reserve bank
system, put Europe back into full
production, and in that way increase
the price of our products in the
United States and in oklahoma"
Conditions Not Ripe.
The senator said that conditions
abroad were not sufficiently favor
able to justify the extension of the
federal reserve system at this time,
but he believed It can be done with
very good advantage to America as
soon as European countries are will
ing TO thoroughly disarm. balance
their budgets, valorlze their cur
rency and get back on a gold basis.
Europe is enormously rich, not
outstanding the great bonded in
debtedness," said Senator owen,
"and 1t must be remembered that
the bonds are owned by the people
and comprise both an asset and a
liability in the national audit. The
world Is reacting now from the ter
rifle depression following the World
war, and we shall see the times get
ting steadily better. We are enter
ing, IN my judgment, a long extend
cd era OF good times"
Country Club Guest.
Senator owen was the guest last
night at the Country CLUB of Tulsa
OF c. }. WrlGhtsman, l.. Il. j, Aaron
son and other prominent Tulsa men.
Today at noon Senator owen Will
speak before the directors OF the
Tulsa Chamber of Commerce. leav-
ing in the afternoon for Muskogee.
He will return to Washington next
Thursday.