New Britain herald., 1915-02-09
FARRELL PREDICTS
 BOOM FOR BUSINESS
Uaitcd States Steel Head Says
 = Tide las Turned.

PittsburG. Fcb 9.-RemarkinE that l 1t seemed up to a few weeks ago that l the prospects of a material improve 1 ment in business were doubtful. Pres
 dent James A. Farrell of the United l States Steel Corporation told the En- 1 gineers' Society of Western Pennsyl- l vania at it's diner here last night that 1 the tide apparently had turned. Each day he said, was recording a l marked hetterment in the general sit ] uation, and he pleaded for co-opera- ton among business men to solve in l dustrial unrest
 l In closing his address Mir. Farrell
 evoked cheers by announcing the re- l sumption of new construction work by l the Steel Corporation in the follow l ing words Last year We suspended ] all operations on new construction in 1 this district: as evidence of our faith ! in the immedi future we have de- cided to proceed with that work at once in order that we may be pre- pared for greater things Mrs. F'arrclls Address. MT. Farrell's address was as fol- lows:
 "The era of intensive domestic growth in which this country has played so great part, has carried Us into another era of world commerce, and 1t is a favorable augury of the development of foreign trade that American products are now to be found in many of the markets of the world
 "Whatever may be the political outcome of the European war. changes of territ orial lines or colonial domination. it is apparent that each of ri find 1t necessary vigorously to pursue it's foreign trade to repair the ravages of its domestic commerce, and it is of vital consequence to Americas future position, that advantage be taken of the present opportunity to exploit the products of American invention, en- terprise and quality to estab bl1sh a firm footho]d in foreign markets
 Oversea Trade Benefits.
 There is no question of greater importance to the welfare of Ameri- can industrial enterprise. and labor than stimulation of commerce abroad, since extensive ovcrsea trade tends under normal conditions to stabilize domestic industry by insuring to man. ufacturers and producers a wider sphere of activity.
 The European war should teach the United States one lesson, namely, national unity. The moment a crisis arose all internal differences were dropped in each country. The people rallied Loyalty in support of one conn., mon end.
 This country has reached a crucial stage in it's history. It can attain the largest success only by government and people working with loyalty, zeal and courage in a constructive and na- tional sense.
 Europe has given us almost unex- ampled demonstrations of coura go. Hers has been the courage of the bat tlefield. True, it presents a sombrc picture strangely in contrast with the conditions which underlie the life of our country. Let ours be the courage, not of destruction, but of construction. European nations seek the conquest of foreign peoples. We are concerned with the dcvelopm ent of greater and more prosperous future for American commerce, and there should be a real ization of the fact and cooperation for the common end.
 Big Trade Balance Filling Up.
 There is strong sentiment for CO., ordinated effort in the trade activi- ties; confidence in the business future of the country is growing. Our in ternal conditions are better than they have been for long time, and, duo to easier financial circumstances and an export movement of unexampled volume in foodstuffs and other com modities, a balance of trade is pilins up which will place the business of the country upon firm foundations.
 Our foreign trade balance for January will. incomplete official re turns show. approximate 15O,OOO,OOO a figure never before approached by