| Show WHAT HOLDS BACK BUSINESS according Acco iding to the financial experts the process of deflation of the business conditions created create d by the speculation and extravagance of previous years is very well completed as far as the purely american situation is concerned about the only thing that delays industrial revival is uncertainty concerning conditions in foreign lands some people are afraid that more countries will go over to bolshevism ism and the fear that certain foreign nations may default on the bonds they have sold to american investors also tends to destroy confidence the united states could be fairly prosperous evon even if it sold no goods at all in foreign lands still the nations are so closely tied together that bad conditions affect america intimately first because they cut down our export trade and second because of the sentimental effect both hope and fear are contagious if foreign peoples are fearful and anxious that sentiment spreads to america it is up tip to the united states government then to do everything it reasonably can to assist foreign nations toward i recovery our people have already done very much our investors and the government have loaned them vast sums of money perhaps too liberally in some cases As respects the debts due to the united states government these debtors must be treated just as a debtor is treated in business life if a debtor cant pay and if his creditors creditor s want him to continue in business they have to scale down his debts muchas much as they hate to take the loss it is up to the united states government to find out what these people really can pay if they can call pay their debts they should do so if they really cant pay in full it is like squeezing quee zing blood out of a turnip to try iry to get it out of them and the only effect is to delay business recovery |
