Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1914-11-18

Nothing better indicates the fundamental sound
ness of this country than the remarkable progress
made the past two months in Strengthening out the
innumerable financial and commercial entangle-
ments brought about by the European war. The
banking situation is relieved generally as Evidenced
by the fact that one-half of the 500 100000
in clearing house certificates issued is
standing; also that the New York banks have
changed s4S.0O0OOO deficit a surplus
of $15,OOO,OOO, and that the banks generally
have been in position subscribe their share
of the goo pool the success of which
is assured.
Cotton exports are steadily increasing and
total practically one-half of last years figures,
12s,eSS bales having been shipped the week ending
November 4. The home consumption is rapidly in
creasing, due largely to immense orders from the
foreign governments such one placed with
Lowell, Massachusetts mill last week for 100000
cotton blankets and another for 100000 shirts. Ex
port orders for shoes alone in New England aggre-
gate s6,5OOO0O while harness and saddlery re-
quirements still larger.
Wheat shipments much larger than 1918,
also those of flour and other foodstuffs. In
fact, the export trade of the United States is as
Stunning such proportions that financiers
confronted with the unusual problem of the proper
the gold is beginning accumulate
in this country That the opportunity has arisen
for the United States to increase its relative
in the world by entirely peaceful sug-
gesed by Sir George Paish Great Britains financial
agent who recently visited this country. He hopes
to us take up the task of helping to furnish
capital for the worlds development rather than
to continue lay additional tracks railroads,
construct costly terminals and build beautiful build
ings"
As current writer THE entrance of the
United States in the role of creditor nation loan
ing generous scale to nations in need. would
not make it persona grata with the powers.
Quite the contrary. For be a creator nation is
not TO be an international disturber but rather a
conservator.'
In its issue of November II, under the cap
ton, The Foundations Are Solid" the Chicago Her
aid says, edtorally
Our fruitful soil and the industry and skill Of
its tillers given the American republic this year
harvests which break all records in value and many
records in volume. Aggregate farm values of the
important crops are placed by the department of
griculture s5,O6s,472.o00
Despite shrnkage of values of cotton owing
a narrowed market smaller present demand
result of the European war, estimated at s41S,
100000, the aggregate values of the great crops
November placed s1Of,ooO,OOO above the ag-
gregate of last year.
stration of the solidty of the foundations of
prosperity a nation. They inspire splendid
hope they justify the firmest confidence for the
future in every line of trade and industry. They
sure the means material progress in every de-
partment of withdrawing endeavor
"At peace with all the world, with foreign foe
even remotely threatening, with no cause for fear of
disturbance of domestic tranquility, we have
a people the most abundant and unexamped
for thankfuness, for courage and for conf
dence.
THE greatness of opportunities nation
material moral is without example precedent
in the history of mankind. The shall make
of them depends upon ourselves. To make the best
of Them for ourselves and for humanity,
have to be prudent energetic, enterprsing and bold
"A greater place in the world, more beneficent
influence, a progress unequaled even in our own
wonderful history, for the going forward tc
meet, grasp and to the opportunities be-
fore u.s.