The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-02-24

prompt delivery. a. D. zalI that the
time that A. could b. mad. III fr-
United kinEdou. It rs Etatef
mere are huge stocks m America
ana that IN. Quicknrss % supply
Wss considered o. 5nd IN. prtce
a.. IN rs AstG o. Jan uAry last special
investigator q the Dvpartment oi Com
tnerce wrote from Germany.
The trade depression mere Is ex-
IRENE II has lasted much
more man a year ana Is expected 20
last a year longer.
In the period OF about two months
between the dates o. these communica-
eoincident with the emf 81 "a. ,ss, "a "a.
endar year. America reached the bottom
OF her temporary and slight depression
ana our business barometer 10 rise.
What are the factors on which We may
rest with confidence that their opera
tlon Viii mean fair business weather
In this favored nation no armed can. .
exists We can not look In any direct Nm
ana see on a near frontier the brtsting
OF bay onets OF dangerous Zoe N the
IilAh az acturcrs OF this happy city were
trans TERED 20 an Industrial center OF
the great nations which compete with
Us they would hear the frequent sound
Of the drum and WOULD So. et.,-, fr.ts,I,
car marked with the number OF men and
horses A. was meant 20 carry In the en-
ways possible and Tor which the neigh-
borinE Zoe H. known TO he ready
An exception may seem 10 exist in
lhf case OF Great Britain. yet even in
that mighty and friendly island ktuxdof1
the navy IL regarded as safa-guaTd,n,
lhe national life. and the subject OF h,r
Lnllliary preparedness has been one OF
. profound significance within recent
years. From all OF these worries We are
Nor are we threatened with the AK
haust lion OF the Fundamental sources OF
suppy Tor our Industries. The mines OF
Minnesota aud OF the Sotuh will noun
forth a wealth Of iron through many
decades yet, and there are further SUP
plcs OF vast extent which we have either
+ IL bod
all The same H. true of coal and 81 oil
our farmers feel the impulse of "A broad
's sclgntlilc knowledge OF the great art
~ shtlculture. and slowly. far too slow
~ but not less really the products OF our
ilclds Increase In proportion to the area
used We are able 10 draw freely now
thus to steady or even reduce the cost
OF sustenance. This does not mean loss
20 man utacturcr. The fact ofaloss il
not found In the price OF a product hut
IN the relation between that price ana
the cost Of producing the article. IL
has been the experience Of many manu-
ihcturers To make more money al "A
lower price FOR their product than was
ulaus az a higher one. because one OF
the beneficial results Of the falling price
nad bttn 70 50 Improve processes that
'he lesser iigure showed the larger gain
~ Not Negligence
MS Is indeed a normal result OF
scientific methods in 10th Industry and
agriculture, and experience has shown
that the maintenance of high prices FOR
Z n
mas commonly meant negligence Of inn
proved einthuds OF production on the one
manu- ana OF cultivation on the other, 50
.lat me pros perity that Is apparent
from the larger price has. been desul-
t'ig ana apparent rather than real Not
Ions sincs II was said to me that the
Nealth OF one OF our New England
states had been made BY a diff.r.n,e
/ IN the price of cotton cloth or one-eighth
OF cent "a yard. meaning that in this
apparently small iarcuon lay the entire
element of profit.
NO return. however. TO our theme. let
me repeat that no want exists IN the Re-
sources with which We must WORK. m.
IatHs OF war are not heard among Us
anu our ilSlds remain not only an un-
exhausted but an expanding resource.
We may. therefore. pass to discuss an
other phase OF our subject In the hon.
- tNe.' also VIII BE- found facts that
dustry. ~ "
The man whose training has been
hlphg business lines II almost of nec,s-
! sity rvspectcr of facts and h. v'.i-
comes facts the more IL they Ar. surb -
brlns Nun cheer. TO add 10 his seIf-re-
calling what was said about the deprss-
sion or Industry abroad IL must b. ,h,.i-
UuS 70 arclicai men that at such a time
t.uuHttle7 are looking for orders and
prices are relatively low. II IL is difTt-
cunt 70 compete in the markets of the
world, with Great Britain and ,;err,opy.
now - the time of an times when ~ T.
hardest 50 TO do. FOR both of th.s. ofir
tomPt iltors need order and will natural
~ make every practicable commercial
effort TO obtain them. Yet IL is M tast
ana To my mind fact ,f great sfit,ul,s
ana slEniiicance, that nj this very period
OF foreign depression the products or
our Industries have been sold abroad 10
a greater extent than ever before.
NE trade balance In our favor on
merchandise transactions between our-
I selves and Foreign nations grew from
faa',uh".Nnu Tor the last half Of 1911 fn
NHt',N"n,nuu FOR the last half of ION.
and grew sim further f,r a.. -
months ending December 81 last 10 tE.