The Stratford Evening Post With which is Incorporated “THE EGMONT SETTLER.” (Established 1890.) FRIDAY, AUGUST 19, 1932 The United States

Stratford Evening Post, Volume II, Issue 23, 19 August 1932, Page 4

The Stratford Evening Post With which is Incorporated “THE EGMONT SETTLER.” (Established 1890.) FRIDAY, AUGUST 19, 1932 The United States

I ORD ROTHERMERE, as all the world knows, is one of the *J prominent figures in the journalistic and public life of the Mother Country, and consequently his opinion of the United States cannot be other than interesting, as he is a man of affairs, who refuses to take a circumscribed view of the position as it develops before him. Writing recently in The Daily Mail regarding the United States, after saying he had followed extremely closely the developments of American economic life for many yecirs, he proceeds thus:

I have definitely reached the conclusion that the despondency now prevailing there has gone much too far. I believe that we may soon expect a fully justified return of that selfreliant spirit of enterprise which during the past century has raised the United States from the level of a small and almost impoverished agricultural community to that of the greatest industrial nation in the world. To those of my American friends who express dismay with regard to the economic future of the United States I always reply: The American people have never failed in an and they will not fail now. If the measures now being sponsored by the Administration at Washington are carried through, I am convinced that they will have the immediate effect of stimulating business not cnly in America but throughout the world. . . . The effort of recovery will be far easier for America than for Britain. The United States has the immense advantage of being self-supporting. Within that vast area is found every commodity required for civilised existence with the exception of coffee, rubber, tin, and one or two purely tropical products. The American nation, moreover, is weighed down by no burden of foreign debt, while its own internal liabilities are insignificant compared with those of Britain. The annual interest payable on the British public debt imposes a charge equal to more than £7 per head on every man, woman and child in the country. The interest on the Government debt of the United States is less than £ 1 per head of its population.

Continuing, Lord Rothermere says that the time may be closer at hand than many people yet believe when the two great Anglo-Saxons will lead the rest of the world upon the path of economic recovery. They are equipped in every respect to render this historic service to humanity. Working on parallel lines, their economic influence in the world would be unchallengeable. Their co-operation is made easier by the fact that they share not only the same language but the same laws and many centuries of the same history. Their mutual confidence is unimpaired by political differences or rivalries. Neither of them covets any advantage at the expense of other nations, and they have repeatedly shown, as in their naval agreements with each other and with Japan, the capacity for treating international interests in an international spirit,