U.S. BOWS TO BRITAIN

Poverty Bay Herald, Volume LIX, Issue 17953, 3 December 1932, Page 7

U.S. BOWS TO BRITAIN

“WE SHALL EMERGE” IMPREGNABLE STRENGTH LONDON, Oct. 20. A tribute ta Britain and a reminder of our great resources emerged from an address given last night by Mr. Charles M. Schwab, chairman of the Bethlehem Steel Corporation of America. . , , At a meeting of the British Institute of Fuel in London, which awarded him the Mekliett Medal, he said:“The success of Britain in the war did not depend on the efforts of any individual or any party. Britain’s great defence under all circumstances is the staying power of the British people. This enduring character is the bedrock of her advance to greater heights as civilisation moves forward. “Honor, courage, persistence, and generosity are characteristics of vour nation, giving it a strength which is impregnable. “Justice compels me to say that our industry continues to bow to Great Britain* in many aspects _of scientific leadership. Your societies have a thoroughness, and a high standard of operation which form a. mensnrinv rod for industrial progress in all countries. “There is a great danger in times like these of getting into a blue funk. We have in the world to-dav the great resources which always existed. We have to a greater degree than ever the knowledge of bow to utilise those reamirr6s.

“Our difficulties to day have not been with tho lack of essential wealth, hut in the dislocation of economic machinery. We have emerged from our difficulties before and shall do So again, advancing to ever higher standards of well-being.” _____