Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1927-10-02
Mussolini, Europe's
OutstandingFigu
States wayne Wood

frankly express their admiration for
the industrial achievements Of this
country. France and Switzerland are
primarily interested in the revenue
they can secure from tourists, and
the so-called luxury tax" imposed
by the French government, which is
paid largely by tourists, has not
served TO create a very favorable
impression Of the revenue-raising
methods Of that country.
Austria Recovering Slowly
Austria IS recovering more slowly
from the effects OF the world war
than any of the nations engaged IN
that conflict, Dir. Wood states.
Little progress has been made IN re-
facilitating the industries. The al
vision of the once large empire has
left Austria a minor nation sur
rounded by none too friendly neigh
bors, and Austrian leaders are now
endeayoring to secure the consent
OF the powers 10 fusion with Ger
many. Economic conditions through
out the country are such that Austria
can never hope 10 attain prosperity
unless 1t becomes part OF the German
republic, they assert. Germany, APP
parently is favorable 10 annexation
Of Austria as the latter country j.
sparsely settled and would provide
an outlet for part Of the dense popu-
lation Of Germany.
Hungary, which is largely an ag-
ricultural country, was not serious
~ affected by the war, and j. again
in a fairly prosperous condition
However, the dissemination of COM
munistic propaganda throughout the
Balkans and the smaller nations
which al one time formed an integral
| part Of the Austrian empire, is hav-
ing a denoralizing affect and is prov
ing an obstacle to industrial develop
ment and the attainment Of the same
! degree Of prosperity other sections
Of Europe enjoy.
Caste System Still Exists
The old system Of caste still exists
in many OF the European countries,
and apparently the creation of re-
publics has not had the effect of es-
tablishing democratic precepts and
practices upon a firm foundation,
There are five distinct classes-the
peasant, tiller OF the soil; the small
merchants and mechanics, merchants
ana educators, bgnAers and manu-
facturers and the old time arts
tocracy. Above all these is the new
super-class-the financIers and in
dUstrialists-who owe their power 70
the fact that they are the primary
basis upon which prosperity is found
ed.
Financiers and industrial leaders in
Germany, France, England and Bel
GUM are very optimistic in regard 70
future industrial achievements of
their respective nations, Mr.. Wood
said. In many respects they are SIM
liar 10 the financial and industrial
leaders of the United States. They
are confident that with prosperity
once more established there will be
virtually no limit TO the industrial
expansion upon which future pros
perity will be maintained.
The German people are as staunch-
ly loyal TO the republic as they were
to the monarchisl government under
the Hohenzollerns. Every effort OF
the government to aid industry has
the unqualified support of the
people. There is no evidence OF
communism or other radical political
leanings among the German people.
They are Industrious, frugal, thrifty,
and the rapid growth of the German
industries, the sterilization Of the
mark, the increase in agricultural
production all tend to indicate that
Germany has "come back" though
the aggressive and belligerent policies
Of the old monarchy have disap-
peared.
New Coins In Evidence
Even the small coins. which prior
TO the world war were greatly in evil