Evening star., 1932-04-17
Which Road for France?
Continued From First Psge.)

Continued From First Pege)
slovakian steel company, and Schnei-
! der ct Gle, its French prototype, work
hand in glove together When the
Austrian Credit Anstalt is finally re-
organized, France will play an impor-
tant if not a dominating part in the
reorganization, and through 1t will
exert a powerful influence upon the
industries in which the Credit Anstalt
is Interested French credit today sup
ports Rumania and Poland. Success
in these and similar endeavors means
the virtual control Of the manufactur-
! ing and financial powers OF the debtor
| countries. French capital is flowing
into such enterprises as steel, chemical
and textile plants throughout Europe.
Colonies Another Resource.
Under such an economic regime
France must become intimately con-
cerned with the world competitive
i state of these industries, almost all of
which are capable Of production sub
stantially in excess of any probable
! demand for the next decade. She must
/ place the savings of the French peasant
at the hazard of this competitive de-
velopment. Further, since French
| technological resource is inferior to
that of neighbor countries, France can
not supply the experts in research,
management and sales necessary to
! supervision of the vast investments
| called for by such a program-and So
in the end she must intrust the opera
! ton of this industrialiZation to tech
nologists Of other races-sorne Of whom
may have inherent antagonisms to
France
These latter reasonings find accep-
: tanta bv increasing numbers Of French
men who believe that the French
future can be reared along even more
! conservative lines The processes may
/ be less spectacular. but in the end
/ France will be assured both income
and prestige. These thinkers point to
| the tributaries.
French colonies, mandates and pro-
| tectorates, with a total area OF ABOUT
| 5000 600 square miles, have popula-
ton Of nearly 60,000,000. Half mil
| lion of these tributary peoples are
! Americans 100000 are Asiatics,
| while $4,000 900 are natives OF Africa.
! The countries. lying in various climatic
zones. offer great scope for diversified
| development and goods consumption.
| Several Of the largest and most popu-
! lous countries lie close to French
shores Nearly all of them have nat
ural resources. All of them have
standards Of living appreciably below
the standards known to Europe. II
French talent and financial strength
| are devoted to promoting industry and
the arts in these territories-close TO
! home, politically speaking - France
thereby will be developing markets es-
sentlally her own and non competitive
rol 81 0F
tributary peoples, by increasing the
| average expenditure per inhabitant as
little as So annually would quickly
have flowing into France sum COM
parable to that which the country ex-
poets from German repsrations.
To attain this end, French manu-
| featuring facilities need be increased
! only as campaigns of education among
the territories warrant. The equilibra-
ton of consumption and production
so successfully carried out in France
since 1918, may be continued. The ex-
port of luxury and art goods could be
still further promoted. Having a ma
tional heritage in their knowledge OF
the arts, their interest in them, snd an
ability in reproduction Of them which
no other nation has. the French are
virtually nOn-competitive in this field
Divide Into Four Glasses.
The luxury market is keenly suscepti-
bic TO changing tides in foreign mar
ketS. to be sure, but expanded produc-
! ton Of luXuries for export need not be
sufficient 70 damage tie French posi-
/ ton seriously-proyiding that the pro-
( gram for the Colonial Department is
/ carried forward aggressiveiy
I Finally. to the list of schools Of
/ French thought add the two obvious
labels - Economic Penet-ationist and
| Colonial ExpansiUnist. Now there can
/ be a summing up of the four:
! Bonaparte UnioniSm lures with its
| military glory It commands as ally
/ the height of patriotic fervor. History
/ points to the possibility Of a tragic
ending and lost prestige.
( BRAND Unionism lures with political
aggrandiZement. Patriotism will ally it
/ self in lcssened degree. Since the whole
/ plan rests upon the requirements of