The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1925-01-30
PROSPERITY FOR
ALL is SEEN
Good Times for World Are
"JuSt Around Corner"

NEW YORK. Jan. s0.-Eufopr IN
beginning 10 ride on wave Of
prosperity that IA gathering momrn.
tum which may carry 4 around the
world There il good reason 90 ~.
liryc economic conditions across the
Atlantic are now GA a permanent
basis % recovery which n destined
IN short time 10 break all prc.
war records.
Payments being made under the
pawe5 plan show the German pco,
pie have reached a higher level ~
Ipr0jucJivity than thp experts who
drew W the pawra plan believed
was possible Germany Is revealing
La capacity not only 20 meet the
Dawes payments, but also 10 OK
tend tho prosperity Of the German
/ people an has not been tho case
since the ending uf the war.
British forcing tmdr IL expand
ms, shipping mates arc going up
. because % tho increasing demand
Tor eArgo space. and unemployment
Ia falling Tho British government
10 planning 20 return the pound
sterling 10 par ana 90 mako Great
Britain q free gold market with no
restrictions.
France ia beginning 10 realize
that her future does not depend on
, how much money can bo collected
from Germany, French industry Is
moving ahead az an increasing pace
and there Is practically no uneul
ploymrut. except seasonal. in tho
country France Is reaching Tho
stage Of prosperity whore it will
aoon b. potaiblc f8r the French gov
orumcni to increase taxation aud
balance tho budget without en-.
coun,cring decisive veto from
public opinion.
Tine Russian soviet government a.
accepting tho iuRa 81 economics
and is preparing for a new era Of
prosperity by seeking to induce for.
eiEn private capital to enter the
country for investment purposes, A.
soon as confidence IN Russian I'm.
ancial integrity is gained rs for.
clgu investors. there will bo "a flood
OF money into Russia which will
stimulate the country TO great
industrial revival Recognition OF
the Russian government By the
United States will hasten this end.
and viii be an important means OF
keeping the wave OF European pros.
pertty climbing 10 new heights.
In the tar East. there Is a period
II depression. for the prosperity OF
Europe has not yet spread that far.
The Japanese government - being
forced 10 put into effect rigid rules
of economy. and thousands OF gov.
eminent employees are slated for
dismissal In order TO permit the
ministry Of Finance 10 use their
salaries for productive work. But.
Japan must soon begin The rebuild.
ing OF Tokyo on permanent and
extensive scale. and when this work /
is under way. better times win be. /
gin. The prosperity wave from Eu.
rope. too. seems destined to reach I
the Orient within a reasonable time. |
spinning that part Of the planet
fnHtrr.
The United States is beginning TO
feel the effect OF royiving world
trade. and VIII increasingly benefit /
by commercial rccoverics abroad (
An enormous pile OF gold reserve
in America is lying idle. however.
while II ought 10 be AT work hnlp. 4
ing along world prosperity. Tho
great era Of transcontIncntm rail.
way construction in the United
States, which has done 80 much for
American prosperity, was made pos.
siblc by foreign investors who
backed the future Of the United
States, especially after the close OF