The Washington times., 1924-03-01
H|NMAN URGES
j. s. REBUILD
THE WEST
Keep Money at Home to Aid
In Expansion, Is Advice of
Hearst Economist.
BY w. BOYD GATEWOOD.
Cosmopolitan News service.


BY w. BOYD GATEWOOD.
Cosmopolitan News service.
FORT WORTH, Tex, March L.
American dollars should be kept
at home to rebuild the American
empire west Of the Mississippi
river"
practical business is better than
theoretical politics.
Convinced of that, I likewise
find Fort Worth convinced Of it.
You here are interested in indus
trial and commercial expansion and
concerned, rightly with the prob
lem Of attracting capital to finance
1t, not with such political panaceas
as the Box peace plan, the world
court, or the law to outlaw war. -
So observed George Wheeler Hin.
man, economist, political common
tator, and contributing editor to
Hearst newspapers, here today.
breaches u. s. Investments.
Mr.. Hinman breaches the practi-
investment in American develop
ment as opposed to waste on specu-
lation in what he terms "the
doomed countries Of Europe"
He confessed he does not know
why the interest Of the people and
the politicians so widely diverge
to Congress, but dtverge 1t does.
he maintained.
Mr.. Human pointed out that in
his swing through the territory
west Of the Mississippi river he has
found no sentiment for, nothing in
common with or interest in, what
are now the biggest political issues
Of Washington and the East. He
conducted an informal questionnaire
among q group Of representative
business men who sat with him at
| the luncheon table. "How many
of you" he began, ARE interested
in or know Of concern for the
Box peace plan? The World Court
the move to outlaw WARP"
Interest Centers at Home
Answers were that there was nc
tangible interest here in those ques
lions.
Yet" he said, your statesmen
talk Of nothing else in Congress, in
their speeches about the country
Why in Heavens name can't they
be made to talk Of their own pro-
jects?
II noted today that we propose
now to loan Germany 5000, 600, OC
and yet, on my trip through the
West, l came across half q dozen
reclamation, irrigation projects, lying
! dormant for want of Government
funds to complete them-projects
that would pay ten.fold
1T is this great empire west al
the Mississippi to which the nation
must look for its future growth
The coast is al IT'S zenith. OF
course 1t will progress, but in q
country like this you have about
Fort Forth to the West, the nation
must look for it's mounting popula-
ton and for the industry and com
merce to occupy Them
Mp. Human talks with dynamic
force. He leans forward aggressively
and he drives home his points, his
conviction in gesture, tone, and in
Election.
Crashes Ahead in Europe.
There are twelve governments in
Europe which. in ten years, will not
exist; whose bonds will be worth
less" he predicted. do you want
to bet your American capital or
such governments as that?"
| He then reviewed the age-ol6
feuds existing, political and military
on the one hand and industrial or
the other. One feud is that which
exists between France and Ger
many, England and France, with
Antwerp as the key, for, as he said
the country which holds Antwerp
holds gun at England's head"
Such is the politico-military feud
The Industrial feud, he said Is this
'France and Germany, England and
France, are fighting to see which be
comes the iron and steel power OF
Europe through ultimate control OF
the Ruhr.
"These are rows in which we
have no part. Do we want to risk
our money on that?" He said that
in continuing to throw good
money after bad" we are merely
betting on the perpetuity Of govern
ments already tottering on the con
tinent of Europe.
While the government has sent
billions into European repudiatet
loans 1t pauses before the project
of spending $50,000,000 ITO keeE
our ships on the seas, ships t.
deliver our own goods"