The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1915-04-30

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come back to US to pay for debts
due us. 1t amounts since the first
of December to over six hundred
million dollars. We are saving mon
ey as a nation at an astonishing rate.
The nations OF the world turn TO US
for cash. The nations turn 10 US,
both belligerent and neutral, not only
to furnish them goods but to loan
them the money with which to pay
for the goods they buy from us. We
are selling the world goods and both
TO such an extent that our foreign
financial outlook and the condition Of
our export trade has taken on within
ten months an entirely new signit-
canoe A new spirit has come into
our commercial life-a new sense OF
relationship 10 others and of our pow
er to help them and of our ability TO
supply them
The secretary said that there was
too much industrial inertia when
! the necessity for broadening the for
| eign outlook of the country developed.
Training in national inability has
| done its work" he continued, 'and
when the hour of opportunity struck,
relatively few of us were ready to
take the step of progress"
Business men, he said, however,
were awakening to the opportunity
! and accepting the necessity for ef-
ficient development. He mentioned
the establishment of American banks
abroad as a forward step.
1T is doubtless risky" he continued
TO foretell what the ultimate effects
of the current war shall be upon our
commerce. We know where We were
before the war began-a great and
growing competitor of others who had
many advantages over us. We know
where We are now while the wal
goes on-the one great industrial and
i commercial country which is at peace
and certain to remain so. Those
things we know and we are glad thai
! they are so. one OF our great COM
pettors has been for eight month:
out of the market No one has suf
fered from her competition during
that period. Another md LESSEE com.
, petitor has been excluded. \ third
great competitor has been so in.
tensely occupied in the struggle as Il
| in other fields the commercial enter
| prises which have made her great
| and fourth, having much of her in
dustrial territory occupied by hostil
| troops, is in a measure crippled
thereby in the foreign trade
Two factors will affect Americ
fayorably in the coming days. On
is the loss of good will by her con
| petitors through enforced absenc
from business. The other is the in
. Jury to her competitors through brol
tn or suspended organization Thi
: is not all The organization in man
cases has not only been broken O
suspended but the units which con
posed it have been slain. Bad as ar
the loss of the good will and disrul
tion of business. far worse is the los
of the skilled hand and the traine
! mind.
What the effect of all these con
di1ions upon American information;
trade is to be cannot be limited {
defined. but it would seem plain th'
our resources are undiminished, OF
capital secure. our labor safe. thi
we are saving where others are losint
that We are living where others al
dying. that with us the path is VI
ward. and with them it is in a larg
measure downward. 1t is certain thu
one result will be our own create
Industrial independence.
1T seems clear to me that If we d
our part We shall change our plaC