New Britain herald., 1915-12-31
ANNUAL FINANCIAL
 l REVIEW BY CLEWS
U. s. on Threshold Of Great Com.
 mercial Expansion Abroad

NeW 4Ofk, Dec 51,-A large por- N tion of the civilized world is still fHaining every energy toward de- pction and hatred, instead of con- etion and good will. Exhaustion in front of several of the erents, yet the struggle goes on unauenched ferocity. the chances g that worse bloodshed and worse Istruction must be endured before the end arrives. Only one of the kgreat powers has been able to avoid the conflict, and that, thanks to it's Typographical position, is the United N States, which is also the only nation benef1ting in any degree from this unhappy struggle On the other hand we have been forced to endure pa- .a tiently many annoying inconveniences We have given generously for relief Of the suffering people of all nations and must continue this held indefi- | nitely out of regard to humanity. Our own particular losses in the war have been chiefly those resulting from the violent derangement of our for e1gn trade. There were heavy losss 1on the import side of the account, which were fortunately more than Ftompensated for by profits on the export side. What we have really ! gained by the war cannot yet be ac- curately gauged, either as to per- manence or importance. Hitherto, our greatest advantages have been in opportunities offered rather than in things actually accomplished We have not always avai1ed ourselves of these 0nnnrtunitinS h11t he of opportunity have again been flung wide open, with the probability of remaining open; and the United States, without doubt is on the thres- Sold of great commercial expansion road. This country is increasing output of manufactures at a ch lighter ratio than growth of llation, while it's growth in ag-.- ire barely keeps pace with home ands It Is within the realms of
 nty that exports of manufac- Is will increase enormously with present generation, while our |rts of farm products may prac- 5edlly cease. Surplus products froro UT mills must find foreign buyers. gain which we will be obliged to get foreign competition, selling at r1ces, terms, quality, style, etc.. that ill command preference for Amer
 an products.
 Looking Out, Not in.
 It would be folly for us to expect
 these foreign markets will be m. In all probability a fierce
 or supremacy in this respect
 V after the war, particularly 1 bart of Germany. Much of 1
 Ign commerce will be tenn 1
 lost, and she will be serious icapped in it's recovery by 1 commercial and even hu- aa ustion. Nevertheless, she
 a Supreme struggle for re-
 nd by her wonderful or bowers plus her scientific and government help she hdoubtedly rally more vigorous 4nd effectively than her enemies Hre disposed to expect Great Britain sas also suffered in her foreign trade. tt relatively much less than any of he belligerents, because of her abil- y to keep open the worlds high avs for herself and friends, while ! nsing them to her enemies. When var ends Great Britain will un- ed1y recover more quickly and larger gainer by the war than . the belligerents With her Fpire more firmly welded as a unit ,bably than before, with the world e of war for a long period there ter, with her people strengthened. bered and energized by adyersitv her territory undevastated. she De more free than ever to pur ger policy of worldwide develop and peaceful conquest. Our, commercial rival will undoubt- be Great Britain. but in this e will be stimulus without danger long as the spirit of fairness and edom possesses both nations in elr lntercourse-and provided al- ys that both nations preserve the gness to reason out all differ of opinion and interest as for est hundred years. The great unreadiness of American man. CTS to meet the requirements 11gn markets. which hitherto we often been indisposed to
 as a permanency, preferring
 ana ease of the home mar
 entity their viewpoint is
 illustrated by the in
 displayed by many of
 business organiza-
 trade. Slowly but
 ing recognized that if
 our products abroad
 pared to buy freely in
 It excessive tariff check
 as imports; or in other 1
 ust avoid shutting our l
 ie endeavoring to shut 1
 Our new banking svs- ]
 tes the placing of for {
 Qr 1t is now realized th.t |
 the loan. also that if 1
 sei Ito foreign countries 1
 est Tn their developments 1
 em credit more free,,, i,