| Show sn smith ah makes U us s 7 HEN HEIN the average american business nian man philanthropist W politician cinn capitalist or L what have you gives away 00 he la is not entirely unmindful of the gravity of tile the situation there Is the statement to be prepared for fol the press and marked with a 0 monday release date and the fund Is generally bedl bated to some very worthy purpose which in the end gets the donors name carved in stone or at least engraved in a copper plate nut but jeremiah smith jr lawyer economist and gentleman of boston showed tin nn extraordinary lack of knowledge of how such things are done when with an anin amazing zing nonchalance ho he got rid of by waving his hand and uttering tour four burds give it to charity jeremiah smith appointed in 1024 by the league of nations to put hungary on its financial feet refused to accept ills his salary of upon the satisfactory completion of his 1115 task lie he had called upon prime minister bethlen to take ills final leave tile the urline crime minister rul nistor handed mr smith a check drawn upon the hungarian government for and no one knew better than mr smith that the tit e check was good mr smith strolled srol led remarking the only compensation I 1 desire for my work Is the appreciation of the hungarian people but protested tho the prime minister tile the vouchers chers have already been made out we cannot alter the treasury books give it to charity returned tho th boston lawyer ile he enter it in your books as a gift from the american people to the people of hungary the prime minister was dazed again and again it was suggested lie he should receive some soine rew reward a rd however inadequate declared tho the editor of the leading hungarian dally but no he preferred to seo see this suin gum employed upon the financial and internal reconstruction of the impoverished hungary in which he had ha a lived and which will C h he had come to lova to va and only now when jeremiah smith the great american financier Is to leave hungary has the government made I 1 public the story of hla his altruism falling failing in its attempt to re remunerate t e the american the govern government ment suggested that lie he at least accept a decoration if you do that I 1 will never forgive you he told the prime minister your friendship and gratitude lire are more precious to we me than any decoration and so BO there la Is at least one country in europe which will never again believe that the american Is one whose choso eye Is always on the dollar this man Jere jeremiah nilah smith whose name fit into poetry or oratory makes us its proud of being americans said the philadelphia record ecord Il lie ile has hai added distinction to ills his country jermiah Jerin lah smith arrived in hungary in slay alay 1021 1024 1 and at once became the financial director of the nation from the day lie he took up tile the reins of office economy became the watchword find and he emphasized the necessity fur for this stricture by living as a plain everyday citizen who had a job that required all of Ws big time time was money find and as aa it was waa money he had to deal with mr smith saw to it that the officials were kept busy within a month things had started to hum mr smiths american methods were showing results never before had bad the hungarians Hung arians believed eved it possible that tile the chaotic condition of their country could un dergo such improvement from budapest word soon spread to the countryside lint the american n named med smith had started the country on tile the way to success the alie patriotism of tile the people was ans aroused if an alien commissioner commis slon general could practice economy for the sake of a people lie he never know knew it if tile the leagues league s czar could work many extra hours why not they them selves elves within sixty days jeremiah smith boston lawyer now dow commissioner gentral of had won the faith love und find devotion demotion of tile the man in till the street and tile tho worker in tile the held field all hungary decided to show their idol ills his confidence was waa not misplaced and they put their shoulder to the boulder bowlder that had spelled near ruin for the nation the entire country was emulating mr air smith in his economy every man woman and child silently pledged themselves to rid aid him in every way to save their country the shops reflected tile progress the fields never were better tilled ind never before had the grain and other food crops responded so BO hungary was saved the commissioner general arrived in budapest the tha hungarian budget had bad one of the largest deficits in humpe the newly tir arrived official had fit at his disposal an international loan of which it was hoped would if properly administered put hungary on its feet within thirty months in one fifth the time allotted mr smith had bad the budget not only balanced but nt at the end of the first year showed a surplus of instead of the predicted deficit jeremiah smiths first farst move was to halt the printing presses that had been turning out worthless money ile he saw that the hungarian national Nation fil bank was waa established lie ile lot it be known that the salvation of the nation rested with alt the individual and that it if the country was to be saved that each must bear ills his burden ile he found the national treasury tre abury lacking in funds funda and then at once increased tile the tax rate only for a moment was this levy resented and when this did not bring in the desired amount the following month an increase was made in the levy by march 1925 one months hs pledged revenues were GO 60 per cent of the total sura sum required for one years service of the reconstruction loan but in the stabilization of the crown mr smith won a big biff victory find and that along with the balancing of the budget and making at a large part of tho the reconstruction st loan available for capital investment such as rolling stock 11 irrigation yi projects find other improvements was a n victory for him as well as tor for tile the hungarians hunam Hung arians lans themselves for in june 1925 when hungary was out of danger the tax tas rotes rates began to fall the alie burden on tile the people became er and they with the commissioner general had won tile alie fight even nature stepped in the first year of jeremiah smiths nd ministration and provided the biggest crops in years commissioner general smiths success in lending leading hungary from the depths or of despair and poverty and placing the nation in tile the sunlight of in reality has rec recreated rented the financial side of the government and has demonstrated what can be lone done if business methods are adhered to lie ile likewise jias shown how successful government la Is reflected re in tile the people for three yeas years before 1024 tho the people emulating tile the government had become slipshod not only had business slumped but atten attendance Innee nt at church participation in sports and fitten attendance danco nt at amusements became almost till nil the people tin had given up their fimbel tiofil was stifled their hopes bend today tile churches are filled the the then theaters crow crowded dei and sports events at tillet t capacity throngs from the moment of hla his arad ichi hungary knew it had a friend it ila 11 JB rolah smith greeted at the by a delegation he was wag informed t would be housed in the Im imperial i ace of the with a api ments menta adjacent to those occupied I 1 the regent admiral II Il orthy what A palace for met me I 1 nl I 1 smith surprised you must no b al my names smith and to no it ever heard of a smith living laa in aw ace id have to change my doaa mi to do it anyway tle the palace was taboo c the only time kinle the genial W yan stepped in the royal castle was vas wt rii he could not decline an invitation 1 dino dine with the regent this evidence of democracy r m though out of keeping with th the tho il to cratic tendencies of smart B E garian society made a deep tot slon by setting an example of thil and simple living it was not hard him to make suggestions to t treasury officials when were Lec necessary essary and in hla his suggestions lar hayom 09 the secrets of mr smiths smith taw SIX never during his entire tenure Is 14 1 flee did lie he issue an order altan ho he was empowered to do so 80 at ti time ills suggestions were t law there was no appeal there was one ironclad rule th smith observed to make no ela dons ile he declined politely all B I 1 lations to deiners except of character luncheons by civic Izat ions industrialists bankers I 1 is such were passed up without eicoff atlon ills theory w was as that in so 80 doi he would avold avoid any insinuations tv lie was being influenced or any anyta tem tation to take sides ills ilia one diversion was golf od mil club at which lie he played wanted 0 siaw ef him an honorary tl fill du refused paying even this ho he the burn bum as the rest of the whit mr smith invited B ills his ad administration in fr i the press it that the editors throw he kil hungary met every move the spirit that he made it A W iw C r denunciation accustomed to rabid all opposition tile the il hungarian p suggestions in ress made only contemplated reforms and once abl accomplished changes were trained entirely from adverse adver so to merit knowing that tile the commits general had only Hun Ilung garys arys W alt henrt heart |
