Show DEPEW SCORNS ALL PESSIMISTS I Convention Also Opposed Packer Merger As Az I Injurious NEW TOnK Feb Fob Chauncey 2 2 Chauncey M 10 I octogenarian and optimist Thursday night screed el a II verbal erbal brae or brac I er Cr to doleful dol tul pessimists who h he ha de do declared dc- dc dared are o o the tho wont Ith predictions of disaster Mr Depew presided at a a dinner iriv-en iriv given en by the tir PilgrIms of or tho the United States State to the Very nw Ecy Albert Albrt Victor dean of ot Windsor chaplain to His Ills Majesty Majc ty King George Georgo V The dinner guests Included mazy many not not- notables not notable ables able In In Iii nearly 70 years of clo close o study an and contact with affairs and opinions at home and abroad I J halo haco ha co never mot t such a continuing and rising wate wa of e I or of pes pessimism said Mr Depew who who- I Is In his isis th year STRONGER I His personal slew llew of ot the tho situation was wasA A A difference In economic condi condl conditions conditions among English speaking peoples pf beten en the deflation time of 1521 1111 and now noil which Is an evolution fro bankruptcy to prosperity Great Bri Britain tain Is showing sho Ing a great preat and sh site e In her Industries trad trade and unemployment as are her ber colon colonies Ie In the tho th United State States the ment ment In our business s situation In our ment of or and labor In our and markets I ii sho shown shon n In eiery department of or Amen Ameri American ea can n activities A AMERICA ERICA Ll Li O 0 The The crux of war tsar ar or peace is la now not the tho ambitions or Indigestion or of I an autocrat but whether hether a II nation e can n balance It Its budget President Harding and the th secretary of ot the tho treasury bate har balanced the Am American budget with Ith a tine fine fin red reduction In the tho national debt The Th l BIt lt of the Brit British ish lab chancellor of the tile exchequer re- re re recently to Washington wa was because Great Britain could not both balance bier Ier budget budt and assure the payment of lien her debt |