Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1915-01-01
Secretary of Commerce De-
cIares Prosperity Is Ger
tain if Merchants and Man
ufacturerS Go After 1t,
OPTIMISTIC MESSAGE
ON BUSINESS OUTLOOK
Excess of Exports Over Inn
ports for December Is ESti-
mated at More Than One
Hundred Million Dollars,

tbY MORNING JOURNAL SPECIAL LEASED wiRGl
Washington, Dee. Ileartened
by months of close study of the busi-
ness outlook Of the nation. Secretary
Redfield Of the commerce department
wrote today a New Years greeting to
the merchants and manufacturers of
the country bidding them in charac-
teristic language, to reach out for the
prosperity he sees within their grasp
There is no warrant, Mr. Redfield
declares. for gloom or despair The
effects Of the European war ON AM
erican enterprise are passing and
new vistas for commercial ventures
are opening with each new day. His
message follows
Urges Great Energy.
IF YOU want prosperity, do your
share to bring it, and do il now, Get
that addition on your shop going, 1t
will cost YOU less today than six
months hence. Is trade bit dun in
the works? Get those Improvements
begun Prices are low and likely to
rise. You've. been thinking of that
contract work; better start it yourself
before things get the start of you.
"This country slows down a bit now
and then but IT never stops growing
ana it always moves up and not
down We don't know what it means
In most of the United states to have
real general distress. Think of Bel
gium and Poland, @, man with II
crouch, and Sink into your hole and
pun II IA after you. There think of
yours sins ana your blessings and
come out with your courage in work
ing order.
Good American Examples.
There are lots of good American
examples of pluck DO you remem
ber San Francisco and Galveston and
Chicago--Boston, Charleston. Balti-
more and Dayton and many others
like them? Remember Thomas A.
| Edison and lots Of other fellow eid-
zens who showed pluck when things
were hard.
Nothing is the matter with the
man with a crouch except an absentee
heart and missing nerve. Cheer up,
go to work, do your level best, quit
talking misery The wars over yon
der-not here Men are slaughtered
yonder-they are living here, !ts all
clouds there--clear day here.
Get Out and Sell Goods.
Get out and sell some goods. Plant
some more acres; do more work than
you planned. Talk cheerful talk
and you'l find this country of ours a
! pretty good place after all.
To support the secretary's hopeful
| views are the figures gathered by his
department as to the American for
eign commerce since the outbreak Of
the great war. Since August when
the monthly trade balance Of the ma
| tion showed a deficit of nearly $780,
| 600, 600 through excess of imports ov-
err exports, the situation has been
completely changed. For December
alone IL is estimated the export excess
will reach 500, 100000 or more, with
one exception the highest mark Of the
last two years.
| The war caught the country unpre-
pared in that a tremendous export ex-
cess had been rolled up in the four
months preceding its outbreak. With
| the August total included American
merchants were in debt to foreign
| manufacturers and producers nearly
| 10000. 900 by these figures alone
Balance ON American Side.
Since then, including the December
estimate, the export excess has reach
ed a total OF S174 ,0e0. 900 The float
| ing debt Of the United States TO for
| eign countries has been paid in goods,
| Secretary Redfield declared, and he
looks now to the near approach Of
day when the United States viii take
! her place as a creditor nation, no
longer borrower
! Since the war also, / 05 foreign built
ships with a gross tonnage of 373.840
| have come under the American flag.
Additions to this fleet are being made
every week. Already plans are afoot
| to draw closer through commercial
bonds the Latin American countries.
Extension Of credit. Mr. Redfeld tc-
| iieves. must pave the way toward any
expansion of commercial relations
| with those countries Officials Of
the commerce department have been
studying the problem since the out
break of the war. and now there has
been called a conference here between
the financial ministers and great
bankers of all American republics
next year. From that gathering is
expected to come practical suggestions
to stimulate trade relations,
Daily Commercial Report.
In preparing for the new year the
! commerce department will issue Jan
| uary ?, the first copy Of the new daily
commercial report, to supplant the
old consular bulletins. Or. Pratt Of
| the foreign and domestic commerce
bureau, decided today to mako the
new publication to some extent inter-
| departmental by presenting in its col
umns cahlegrams received by the state
| department trade advisers, data ~ ta
crop Yield and condition from the
census bureau and agricultural dc
partment and information as to war
risk insurance written by the govern
ment bureau in the treasury depart
ment from day 10 day. The plan Is
| TO eondense into the daily all daily oc-
currences among the departments that
directly and Immediately affect the
| country's business and interests.