CONDITIONS IN AMERICA

Waikato Times, Volume 111, Issue 18641, 20 May 1932, Page 10

CONDITIONS IN AMERICA

POLITICS AND PROHIBITION. IMPROVEMENTS LOOKED FOR. UNDER MR HOOVER’S LEADERSHIP Firmly convinced that Mr Herbert C. Hoover is the best man for the Presidential jo'li in the Uniled States, Mr Merrill If. Loll, of Los Angeles, anticipates a big improvement in American conditions under Mr Hoover s leadership once the political situation lias settled down there. Mr Bolt lias been in Australia for some months on business, and at Wellington this week "just stepped off” to look us over. He makes no attempt to hide his strong Republican sympathies. Mr Hoover, ho told a reporter, will bo elected, and will use every constructive means to improve tlie country’s conditions, which at Hie moment do not show much change. “Air Hoover,” tie said, “is a very sane and sound man, and lie handles tilings from the standpoint of fact. He is subject to no intluenec, and lie is not afraid to tie what he thinks is tlie right tiling.” Adjustment of War Debts. Mr Lott considers that existing world rondil ions are .such I hat there will have to he adjustment of the war debts problem. Mr Hoover will make some concessions in this matter, as lie realises that what affects one country must affect another, and tlie war debt position at present makes it impossible for European conditions to gel back to normal. Mr Hoover has got such a wide, knowledge af world conditions that lie is in Ihe best position In know what is I lie wisest procedure. All business in the United Flutes

Just now is unsettled through overproduction, even the oil business. Arrangements are being made throughout the country to conserve its natural resources, and to control the supply of crude oil so that it will not flood the market. In California there is a committee of supervision operating, and it lays clown what may lie produced from a given field. One of its main difficulties, however, is the fact that a nunrber of small independent companies keep starting up. Mr Lott looks to the Credit Finance Corporation to help business. Though it is a private organisation, .Mr Hoover is directing it, and it lias the Government's hacking. It lias been formed for the purpose of releasing credit that is at present frozen. Talking about the big prohibition issue in America, Mr Lott remarked that he did not think there would be any change in the present situation.