Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-08-06

II one could visualize the world
with the United State left out; how
different would be the picture. Whal
part does this country play in Worlo
prosperity and advancement?
A cable dispatch from Paris to the
New York Times appeared YESTERDAY
giving some statements by DR.. julius
Klein. director of the Bureau of For
eign and Domestic Commerce of the
United States Department OF Com
merce. DIR. Klein is now on his
annual tour of research in Europe,
studying commercial conditions there.
Incidentally he supports Senator
Smoot's estimate, as published last
week in this column. that American
tourists spend half a billion dollars an
nually in Europe. The Department OF
Commerce. through systematic reports
from, consuls and travel companies,
finds that the amount spent in europe
annually exceeds 440,OO0,900, ana, IN
addition. the Americans who reside
abroad more or less permanently
snend not less than S30,000.OO0 annual,
Iy-money gotten from the Cnleeu
states. DIR. Klein says that Szoo'ooo''
600 of this total goes into France.
The amount sent back to nome
folks by European Immigrants now III
America, amounting to many miiilons'
cannot be ascertained with accuracy.
Against this total or American
money going to swell Europes pros.
neritv. only some S70.O00,Oo0 or
s75 o0o 600 comes to America to cover
European tourist travel in the states.
Americans touring Canada spend
some 5000 900 900. while Canadians IN
the United States spend about
S27 900. 900.
Next month the American Legion
will take some 10000 veterans to
Paris to attend the Legion convention
and revisit the battlefields. 1t is be-
lieved that they will average 5000
apiece, which will be a fair pour bolre
of 100000 900 for our friends. les
Francois. who. according to one or
their eminent statesmen. find Ameri-
cans so insufferable. rs
x X
Europe is slowly regaining her
commercial prosperity. and large
share of credit for that fact is due to
the excellent market in prosperous
United States. Contrary to general
impression, we are buying mucn
more from Europe today than even
posedly ''prohibitive" protective
tariff. What we buy does not inter-
fere with our protection of American
industry, for it consists either of raw
materials, partly finished goods or
still more Observation-Disclosures which
only the skilled specialists of Europe
can produce and which do not com
pete with American production. These
non-cOmpeting luxuries may become
subject to a higher revenue tariff.
Our total imports from Europe
since the war have amounted as
follows:
1921, S765, 900, 900; 1922, 1891. 900 900;
1928, 81, 157 200. 900; 1924, 81, 096, 900 900;
1925. 1928, 000, 900; 1926, $1,236, 0OO. 900.
OF the total, the following amounts
represent the finished manufactures
imported into the United States:
1921, $432, 900, 900: 1922, $500. 600. 900
dhe year of beginning the McCumber-
Fordney protective tariff; 1923. $685.
600, 900; 1924, $454 100000: 1925, $451,-
5000; 1923, $466. 100000
This shows that, while the tariff has
barred out competition with American
productive labor. the general prosper
ity of our market has actually given
Europe bigger outlet than ever
before for her own productions of
non-competing luXuries. The factor
of greatest importance in commerce
is always the possible sales market
for goods produced: hence Europe is
as much interested i'm the prosperity
of her American market as are the
Americans. Wipe out America and
Europe would be bankrupt over night
y \
Europe has not kept pace with the
rest of the world since the war, for
it takes years to regain productivity
and buying power. The exports of
the United States to Europe in 1925
were "a per cent greater than in 1913;
but to the rest of the world our ex-
ports were 1874 per cent greater than
the year before the war. The trade
of the world is a little greater now
than before the war. but that of
Europe is considerably less than in
1913.
Europe's exports in 1925. rated by
their money price, showed an increase
of 32.4 per cent over 1918, but the
value of money had deprecated so
that prices were inflated SIS per cent;
hence the actual quantity of goods ex-
ported showed a decline of 25 per cent.
At the same time, the trade of the
res of the world showed an increase
in values, measured by current money.
about 100 per cent and in actual
quantity Of goods about 80 per cent.
That difference indicates roughly the
price Europe Is still paying for the
great wars destruction and demorali-
zation Of edustry.