New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-11-28
GOOd Crops, Busy Factories and
Rapidly Widening Markets Tell
the Story-Facilities in Various
Branches Inadequate.
Optimism Expressed by Indivi duals
Is Borne Out by Statistics and
Trade Reports Collected Care
fully from Many Sources.

great extent and variety will also dwindle to
little or nothing. That this diminution, when
il does come, may not bring about serious
economic complications here the National
Founders Association, which recently con-
vened in this city, will take steps to expand
the local feel and fortify in every way pos
sible against loss Of profits and the necessity
of lowering wages.
E. V. Douglas secretary OF the American
Manufacturers Export Association, said:
There is considerable misrepresentation at
present with regard to actual business condi-
tons in the United States. Throughout the
Eastern seaboard and New England, and ex-
tending over the country otherwise in proper
ton to the ability of certain districts to sup
ply manufactured products and foodstuffs for
which the European war has created such
large demand, prosperity has been estab-
shed which must be regarded as partly. at
least, of an ephemeral nature.
1T Is also true that this prosperity has had
its effect In other directions, notably among
the railway and transportation companies, ma
rine insurance agencies, etc. II is nevertheless
equally true that with the cessation of the war
there will come stoppage in many OF the de-
mands which have brought about this transit
tory era Of good times.
Beyond the evidences above cited OF tho
favorable effect upon business In the United
States at present It may be conservatively
stated that the natural and underlying course
Of commerce and trade has not yet felt a
strong stimulus to anything like the extent
which seems to be supposed by large part Of
the public.
"Superficially, II would appear that with the
enormously increased volume OF our exports
within recent months. the bumper crops with
which the country has this year been favored,
counting also our rapid approach to tho point
where we shall probably be a creditor, rather
than debtor, nation, there Is excellent ground
for proclaiming the advent Of prosperity. Yet
it cannot truthfully be stated that the indus
tries of the country, taken whole, are gen.
orally feeling the effects which have caused
comparatively few to spring into an unprece-
denied degree of welfare.
ITO possess permanent value, prosperity
must be reasonably certain that industrial ac-
tvties will not suffer interference by blunder-
ing, If we'll meaning hands; it must have fair
assurance that it will not be blocked by vari-
ously minded political parties; it must be able
to consider with equanmity the future outlook
upon commercial competition between the
United States and foreign countries, and, most
of all, it is imperative that there should be
solidarity in respect TO the future advancement
of this country, unhampered by ties which may
bind US by sentiment to other lands. but which
can only prove of mutual danger when remem-
bered otherwise.
ut may be claimed that with the unprcce-
dented occasions offered to the United States
within recent months to extend its foreign
trade to South America and other markets
temporarily. at any rate. unable to supply their
needs from former European sources. this
country should be, II il is not, enjoying the
results OF purchases hitherto confined very
closely among our commercial rivals In world
trade.
This is largely true, but those who are over
DESTROYS of attaining a state of commercial
vell-being without examining more carefully
into the fundamental situation. overlook the
dangers and difficulties with which our ma
chants and producers arc confronted
The practically Universal proclamation OF
noratoria BY al foreign nations created
financial Crisis WnsSH 10 Jc' 4e'N ~
droree In MAN. directions Beyond the fact
thar the Latin Ar. an in spite OF reiterated
assurances 10 the contrary, feels bu; little nat
ural inclination 70 trade With his North Amer
lean neighbor lies che further truth that. with
few exceptions. South American countries are
today hghting against unfayorable financial
conditions, and their purchasing power Is heav-
ily restricted.
in Australasia there existed until recently
widespread resentment against the United
lack of understanding of our attitude toward
the present belligerent nations This is now
TO have been disspsted and replaced
by feeling OF friendliness.
Europe and the attendant inability Of those
nations to furnish to the world the articles
which are essential to its daily life and needs,
the resources OF the United States must be do
pended upon to an extent undreamed OF for
merly. Wisely directed and conservatively
transacted, this commerce will exert a much
more general effect upon the prosperity OF the
country as whole than the temporary nature
of large part of our foreign trade Of to-day
could hope to accomplish and with reason
able continuance OF our present rate OF ma
tional development and the mercies which
kind Providence has bestowed upon our
people. it requires no prophet to foretell that
we might confidently and safely look forward