Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1915-02-12
FARM VALUES FOR FIRST TIME IN
HISTORY OF COUNTRY WILL
PASS $4,000, o0o,o0
MARK.
BALANCE or TRADE IS IN
FAVOR OF UNITED STATES
James a. Farrell, President of Steel
Corporation, Declares More Men
Are Obtaining Employment
and the Trade Movement
Is Progressing.

Pittsburgh, Pa, Feb. 10.--A plea for
courage and cooperation in business,
and an expression Of confidence in the
restoration Of prosperity was contain
ed in the address delivered TO the En-
gineers Society of Western Pennsyl-
Vania by James A. Farrell, president
OF the United States Steel corporation.
Among reasons for encouragement,
Mr.. Farrell quoted eminent European
and American authorities" as calcu-
lating that the United States excess
Of exports over imports in 1915 may
easily reach $1,000,000,000, and he de.
clared that the balance Of trade in
favor OF the United States for the
opening month of the year is at the
rate Of $1,000, 100000 year.
"The years of greatest prosperity
In the United States have been when
the balances are largely in our favor"
asserted Mr.. Farrell. 1T is not impru.
dent to predict that our total farm
values for the current year, for the
first time in the annals of this or any
other country, VIII pass the $4,000.
100000 mark.
Stimulating Business Activity.
i feel safe in saying that if you
will strain q point just now and trade
q little more with each other and
talk encouragingly, as TO conditions
rather than pessimistically, the busi-
ness OF the country will take on g. mo
mentGm which will carry us into bet.
ter times. Oar best efforts should be
put forth to stimulate activity in busi-
ness and do everything practicable to
increase the number of working PEG.
pie, not only in the Industries in this
community, but throughout the whole
country.
The elements Of prosperity are at
hand; the Developments from day to
day are favorable. The steel trade has
been called the barometer Of business;
there is q marked increase in orders
and in operations; more men are OBJ
tanning employment and the trade
movement Is progressing and encOur-
aging and we should do everything
practicable to sustain and advance it,
Cooperation Manifests Itself.
cit seems to me-" he continued.
that the time has come when coop
Grafton should manifest itself among
business men to bring about conditions
which will result in a larger employ
ment Of labor
AS business men, let us give our
attention to solving Industrial unrest
by creating work, by toiling and spin
ming, and creating a normal circula-
ton in the arteries of commerce. In
my judgment q campaign for the con-
structiVe upbuilding of the business
Of our country ON a scale C0mmensur-
ate with modern needs and 0pportuni-
ties should be inaugurated. Our prob
LENS are national, our opportunities
are national; let us hear more of ma
tiOnal common sense and see il we
cannot get back TO work. Public senti-
ment and governmental inclination un-
mistaAably favor a live and let live
attitude towards business.
Confidence Is Growing.
"Whatever may be the outcome of
the European war, it is Of vital conse-
Quence to Americas future position
that advantage be taken of the present
opportunity to exploit the products of
American invention, enterprise and
quality to establish g. firm foothold in
foreign markets."
There is strong sentiment. Mr.. Far
rell said, for co-ordinated effort in
trade activities. Confidence in the
business future Of the country, he de-
clared, is growing, and a balance of
trade is piling UP.