New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-11-28

from all angles 1t appears that an un-
usual and significant era of prosperity
has arrived.
Prosperity" declared John H. Fahey,
,,.siden, Of the United States Chamber OF
ronuerce. as with us now. II is distinctly
here and there is no question Of IFS coming in
few months or at some indefinite future
o.rod I, has been rapidly developing dur
og the last year Bank clearings, general In
srstrv the records of the railroads, all bear
iris ont. In my mind there is no doubt that
1916 will be q tremendous year-that it will be
III. biggest single year in the history OF the
United States
@Good business men like TO be cautious,
and are seldom found overenthusiastic. But
the Developments Of the last few months have
forced men to emphatic conclusions Bust
ness men In Europe appear to have taken
stock Of the great impetus here before our
own business men have realized what has de-
veloped In Europe the American CONNER
eial DEVELOPMENT has been visioned very
clearly.
Not only has this situation served to speed
the pulse Of our domestic trade; II has Jared
our people as a whole into consideration OF
matters outside that narrow circle In winch
they had been moving. Americans have been
learning to think not alone nationally ous
Internationally The Importance OF having an
International perspective can hardly be exag-
s.rated. AS result Of this awakened inter
20. in larger issues than the mere home issues,
We are turning our attention out into the
world. We are establishing new commercial
relations These relations will endure II we
can make them endure.
NEW FIELDS ABROAD.
Tho foreign field has hitherto been prac-
dc.lly closed to most of our people Inc
large corporations have engaged in trade
abroad but they have been much alone IN
this. They have blazed trail, however, which
will make il easier now for business men gen.
.rallv 10 get foothold Education in the
matter Of world business has been rapid AL
ready conditions are rapidly changing NC"
OPPORTUNITIES are constantly opening up, ana
these are being taken advantage OF in very
encouraging manner. What it has taken other
countries wears and years to develop America
las had thrust on her. The situation Is prob
ably without precedent
While consider il necessary under these
conditions for business men TO show courage
and 20 ahead at the same time the situation
smbodies perhaps not few CANCERS "il0h
Il must be tho act Of wisdom to shun But
the danger OF becoming oveTzealous in inc
rev internationalism which Is opening up Is
scarcely one. There will rather be tendency
on the part Of those engaged in domestic
tade 70 rest content with the improved con-
dtons at home and not respond TO that broad
ening impulse which urges venture In foreign
fields
The development OF foreign commerce IN
wolves factors with which few are really Ia
mliar. For instance, long credits, now being
80 Familiarity spoken Of In world negotiations
are to many items OF mystery which stifnu-
lat. rather doubt and diffidence than the spirit
Of cooperation. But II is fact that no new
business ever was set on its feet wlth0u'
sataiing some chance OF loss.
The fear Of loss through competition after
the war has come 10 an end deters some men
from enllseng genius and capital But men
are becoming rapidly educated to and famil-
isrired with these details. and there is tar less
reserve and conservatism than might have been
remarked In this country few months ago.
The question OF our maintaining the posi-
ton ". win. during this brilliant period rests
Entirely with ourselves. II we take advan-
'age Of the unusual opportunities which are
opening up and learn 70 plan scientifically for
he future the position may be anchored. But
great deal Of system must be incorporated
into the conduct Of affairs. No hit and miss
proposition will do Out OF the pioneer ex-
peFiences encountered during the formative
<noc have emerged-emerged from the
ea OF long guesses and chances 70 the era
when there must be more OF the positive
know National efficiency In all departments
nust be augmented
In the face Of this enormous domestic
Increase In business Of ell kinds il would be
iois % deny thar the foreign complex has been
isfge factor bringing this increase about
su, back Of This are other issues which have
Been ht,s appreciated Last year we pro-
'9ted the biggest crops In the history OF the
h1non Our whole domestic mechanism was
. splendid shape at the outbreak OF hos'ii-
a'' abroad. Temporary industries, such as
nav. grown up out Of the need Of war NUM-
s'as' Of course. bring great stimulus 10
var But meanwhile all sorts Of readjust-
"eh,s IN the worlds business are taking place.
49,. flfNn