Show MONEY OUTLOOK CALLED BRIGHT Secretary Houston Reports l' l Treasury's s P Position H Has as Become Strong Washington ton Feb 12 1 Europe's monetary pro problems lems would be he settle celUe l satisfactorily was expressed toda today b by Secretary Houston in ut a ro- ro vIew vici of or the International financial altU sit alt sll-I sll U n t I 0 fl This country is constantly t-I t ing inc I Europe capital with which lo to re reconstruct re- re construct tho the economic tiLe lIfo of oC nations I Ithe the there c said fald Mr Mm Ir explaining that advances ud arc aro being made in iii the tho i same wa way ay that Europe aided this country conn- conn connI I tr try in time line of depression Ilon In time the past not hot by government go loans so much as asby as' as asby b by Indirect methods such uchi as private ate j loans Joan sale alo of surplus arm army equipment and amid the tho absorption of high grade Investment investment In- In vestment in markets i Continued on oh page pago 2 I MONEY K I IS DEClARED H rm 1 Continued from tram Page I 1 1 here b by l European holders The Thc sect Icer tar tary estimated that Europe had r n about dollarS dollart fro this country since the armistice in w 1 signed l Tho The posit position Ion of the tho United Stat Stati treasury was was said b by the secretary Uty l be strong and on Monday the In JI Issue of loan certificates of ot Indebted Indebtedness ness about will b be r Ji t deemed leaving no outstanding floa Ing Ing- loan in the sense souse o of ter short-ter certificates certificate requiring to be refund at maturity Tax certificates ing InS amount to all which will be paid b by forthcoming forthcoming- J f come and profits taxes Altogether Secretary Houston a d J clued to agree asree the thc pessimist view of ot some public men who ho fore fortes a financial crash and amid averted asserted tb lb tb the though man luau many difficulties remain was nothing in m the situation to b be bel j r a as extremely x grave i ra- ra |