The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-03

, there was some doubt due TO the APP
parent cutting on OF the cotton market,
conditions are righting themselves much
more rapidly than even the most opti
mlstic could have hoped for. Cotton Is
| beginning TO move at a rate which prom
| lses to reach a normal basis within a
comparatively short time, and a SYM
pathetic buying movement engineered by
the big public spirited men OF the coun-
! try has been turning money into the
South In steady stream.
Along the Pacific coast great prom
lse is held out by the two big expositions
! the one at san Francisco the other at
! san Diego. These will he the largest
this country has ever seen not only in
the value OF exhibits but in the num-
| bers OF people who will visit them. Eu
| ropean travel will be cut of entirely so
| far as tourists are concerned for a long
time 10 come, The hundreds OF mill
ions OF dollars which have previously
gone TO fatten the purses OF European
merchants will this year be kept here in
the United States buying American
made goods in the American market or
spent in travelling through Americas
scenic country on American railroads.
This combining of expenditure to goods
| made in the T.. S. A. will mean an un-
precedented wave OF financial prosperity
| to American merchants. Not only viii
Nc XVI NuudlINtu WIN our own ble
| merchandising centres. but we Will also
lind out that materials made in the u.
| :. A. are the equal Of those which We
| have previously sent to European mar
| kets 10 get. and this AmerlcanlZed de-
mand will become permanent.
Railroads have got their per cent
increase in rates with restrictions only
on n certain limited number of COM
modities. THIS means demands for big
tonnage on the steel producing centres.
| Railroad development, which has been
| held back for the last few years, will
commerce on most extensive scale
outside of the locallzing OF expendi-
lures by our own people we must come
| In for an enormous amount OF business
from foreign countries. South America
| alone, which has previously bought over
| IA billion dollars worth OF goods from
| Europe each year, now finds this market
| practically confined to the United States
| and We will be called upon to meet the
[ demands of our Latin American cousins
| Where we previously controlled only
| about one-hfteenth of the import bust
ness OF South America, we should rise
| to point of almost absolute dominance
| 1t IL not the pleasantest thing In the
| world TO look for our own material sue
| cess at the expense OF the tremendous
| waste OF lives and property Occasioned by
| the European war. Still the fact stands
bhA AllsiN tllt NpAhlllt OF bIu'Ih Which We
must receive from the beligercnt coun-
| tries will amount 10 almost incOnceivable
| figures when reduced TO terms of money
| value. Billions OF dollars are being ap-
proprated for war expenditure and these
| expenditures cover clothing. food, am
| munition. met us, horses. motor vehicles
| and PRACTICAL. every other line of in
| dustry serving practical purposes,
| With their own manufacturing facili-
I ties cut off or greatly reduced and with
| tho United States standing out as the
| only manufacturing country IN a position
70 make anything like satisfactory deliv-
cries the orders must OF necessity come
| TO us.
Already specialized factories through
| out the country are working twenty-four
| hours day satisfying European de-
| mands alone, Careful business men see
| In this temporary business definlte In
| PRODUCTION to the European market which
| proper development can make permanent
after the war has been settled.
In our own country legislation, while 4
| has been drastic in many ways, has proved
! 10 have heen sane and confidence Auld-
ing in character. The new Federal re-