The Washington times., 1922-10-12

to utilize the water power Of the
Shannon. the Erne. the Bann and
the Liffey. That the advantages Of
water power are not lost on some
OF the keenest minds Of the day Ia
shown by The following extract from
an interview given to an American
journalist In London by Lord North.
cliffe for publication on St. Pat.
rick's Day, 1917: b.
The growth Of the population OF
Great Britain has been largely due
to manufactures based on the great
asset. black coal. Ireland has none
OF the coal which has made England
rich, but she Possesses In her mighty
rivers white coal OF VIII. .ch millions
OF horse power are being lost to Ire
land every year. 81 can see
In the future very plainly prosperous
cities. old and new. fed by the great
est river In the United Kingdom---the
Shannon. should like to read re-
cent experts reports on the Moy,
the SUR and the Lee
The profits from all national en-.
terpr ses win belong to the nation
for the advantage Of the nation. but
Irish men and women as private In.
dividuals must do their share to In
crease the prosperity OF the country.
Need Capital. ~.
business. cannot succeed without
capital Millions Of Ir sh money are
lying idle In banks. The deposits IN
Irish joint stock banks Increased In
the aggregate by 7,31s,000 pounds
sterling during the half year ended
December 81. 1921. At that time the
total amount Of deposits and cash
balances In Irish banks wat I9+.301.-
900 pounds, In addition 70 which
there was sum of almost 14,000.000
pounds in the Postoffice Savings
Bank. "A
THE Irish people have also large
amount Of capital invested abroad.
With scope for our energies. with
Of our confidence. the in
tendency will be toward re!
turn of their capital to Ireland. II
viii then flow in its proper channel.
ireland will provide splendid
for the investment Of
Irish capital. and II Is for the Irish
people to take advantage Of these
III they do not, investors and ex.
pl0iters from outside WIN como In
TO reap the rich profits which are to
be made. And what II worse still,
they, viii bring with them all the
evils that we want to avoid I'm the
new ireland.
"A prosperous Ireland will mean
q united Ireland. With equitable
taxation and flourishing trade our
northeast countrymen will need ilo
persuasion to come In and share In
the healthy economic life of the
Faith In Irish. e.
such are the possibilities of the
future. Can We not see In them the
great achievement that our efforts
have won? Can we not think Of
what We have gained--and not for
ever dwell upon the thought Of what
we might have gained?,
IF we would only put away
and face realities. we would
realize that nearly all the things
that count we now have Tor our
-.
sis not the test Of the government
we want simply whether II conforms
with Irish tradition and national
character? Whether It win suit US
and enable us to live happily and
prosper? Whether under II we can
achieve something which our old
free Irish democratic life would have
into? -.
1--WE have shaken off the foreign
which prevented us from
living our own life in our own way.
We are now free to do this. 1t de-
pends on ourselves alone whether we
do It. And have lasting faith In
the Irish people" - .,.
, THE END.