Dewey on Poland

In 1927 Charles Schuveldt Dewey (Yale 1904) changed his address from U. S. Treasury Dept., Washington, D. C., to Bank of Poland, Warsaw, Poland. Though he is called "American Financial Adviser to Poland," he and the U. S. disclaim all official connection. As Architect Albert Kahn, of Detroit, and Engineer Hugh Lincoln Cooper, of New York, hire out their expert services to the Soviet, so Economist Dewey puts his expert advice at the disposal of the Polish Treasury. It was he who was behind the recent deal by which Standard Steel Car Corp. underwrote $20,000,000 worth of Polish State Railways Bonds for Lilpop, Rau & Loewenstein, Polish car builders. A more personal result of Economist Dewey's stay in Poland is a series of moving pictures of Russia and Poland. Since he took them himself, he is very proud of them. He likes to run them off, with comments, for friends after dinner. Whenever any of his pretty daughters or smart sons appear on the screen, Economist Dewey cries out: "There's Bud! There's Suzette!"

Last week Economist Dewey, in this country for a few weeks' respite from his duties in Warsaw, gave some international advice to American business men. To the Merchants' Association of New York he spoke of the country whose economic resources he has studied for two years. With a national debt of only $15.50 per capita, one of the lowest in Europe, Poland should attract American capital, said Economist Dewey. He advised U. S. manufacturers to become partners in Polish firms and thus get in on the ground floor of the prosperity he foresees for Polish industry. "Because of her natural resources and because there is a possibility of her becoming a distributing centre for the Near East and Central Europe, I believe that any American manufacturer . . would be wise in considering the possibility of enter ing as a partner or purchasing part of the equity of a similar industry which he will find in Poland. . . ." Such words were interesting to the business men, gratifying to the distinguished Poles who heard them.

This file is automatically generated by a robot program, so reader's discretion is required.