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Show LOOK THIS WAY. In an interview given out in Washington, Wash-ington, where as director of President Hoover's campaign against hoarding he was conferring with the Chief Executive, Col. Frank Knox, of Chicago, Chi-cago, made the following statement which is deserving of a place on the front page of every American newspaper: news-paper: "We are suffering from a national headache, the result of too much eyestrain eye-strain watching what is going on in Europe. We cannot correct conditions in Europe. We can correct them at home. Only seven and a half per cent of our prosperity is based on Europe. The rest of it is based right here in the United States." All of which is undoubtedly true and worthy of the consideration of every American who has confidence in the future of this country. Yet the majority of our so-called financial experts ex-perts have had their faces turned to Europe for the past several months and have mournfully told us; that there can be no recovery here until conditions are righted in Europe. Of course many of them are interested in Europe in a financial way and what they ..really want us to do is to. lower our tariffs and cancel the war debts. But every American who has studied stu-died the history of his country knows that we have progressed as far as we have, not by depending on Europe, but by blazing a path for ourselves. This has been true since the beginning begin-ning of our history. If we will renew our confidence in the future of American Am-erican political institutions and of American ingenuity and American business, things will begin to improve before we realize it. We have here the greatest free market in the world, 1 one which absorbs more than ninety per cent of our production. Why worry wor-ry so much about conditions across the seas? Of course we want Europe to prosper. And one of the best ways to help Europe would be to put Uncle Sam on his feet again by expressing a little confidence in his future. |