Evening journal., 1916-11-07
AMERICA AFTER THE WAR.


n URING the political campaign Just closed there
II much interest In and valuable discussion OF
the economic conditions which will confront this
try after the close OF the In Europe.
This discussion pertaned principally to the foreign
competition which American producers will be
PEELED to meet because Of pressing effort Of for
egn producers to sell their goods in markets.
It is generally believed and apparently with good
reason that the millions of and children who
have added 10 the producing forces Of European
workers will continue in that capacity after the war
has ended and that with the return Of the soldiers
to Industrial pursuits the productive capacity in Eu.
rope. particularly in manufacturing enterprises, will
be great that surplus Of products must
find immediate market somewhere at whatever
price be obtained.
Certain It is that Europe will be in need Of money
Gold has been flowing from practically all the nations
of Europe into the Golfers Of American commerce.
The United States is the nation which has the
greatest purchasing power of nation on earth To
us therefore must Europe turn for ready market
for her products
But it is not in trade alone that likely to
meet and confront a serious and menacing drain upon
our financial II is a we'll understood fact
that prior the outbreak of the in Europe, Amer
can tourists we're spending abroad from S35000o000
$500 100000 year Most of this was spent in Eu-
ropean countries The outbreak Of the shut off
foreign travel and caused people to spend their
money at home. This country has saved therefore,
in the two years Of between 7OO0OO000 and ST.
900 600 that would otherwise have to Europe
It Is predicted by who have considered the
subject that as the is there will be
only renewal but great augmentation of the
European tourist travel Not only will people travel
TO Europe for the that they have in the
past but large numbers will 20 there in order to ira
verse the battlededs view the destruction and study
economic and social conditions Many residents Of
tho United States who have relatives in the countries
that have been at will go there personally to visit
tI,.fv
our finances because of this travel in Europe will
doubtless be many times that which we suffered be-
fore the began II will not be surprising If the
expenditures of Americans who go to Europe send
their money there shall be from S750000000 to 81 000
100000 a year This will he outgo of money for
which shall have return whatever If there shall
be combined with this of purchases Of for
eign made goods so that there shall be balance Of
trade against the expectations Of gold from this
country Europe will be so great and so rapid as
shake the very foundations of Industrial pros
perity
Shipments of gold from Europe TO the United States
during the period the European laid the founda.
tion for a pyramid Of credits which created the indus
trial prosperity We have enjoyed for the last few
years. With that industrial activity imitation
Of values and increase of prices Because dollar of
gold furnishes the foundation for several dollars Of
credit increase in Industrial activity has been
in Of the actual importation Of gold For the
reason, expectation of gold TO pay for foreign
goods OF 10 pay the expenses Of American tourists in
foreign countries will the contraction Of credits
far in Of the expectation OF gold. AS
sary consequence Of such contraction Of credits
shall have reduction Of values and rapid fall in
prices
There two things tho American people can do
to prevent such a calamity this One of them they
do by process of law but the other must be left
TO the patriotism Of the individual We can prevent
the taking away of American gold in return for for
eign goods by enactng a protective tariff law The only
thing that prevent tourists from rushing in i'm.
mense numbers to Europe and spending their money
Sightseeing is the patriotism of the individual, which
should induce him TO spend his money in this country
where It will build up American industries, give en-
poyment to American citizens and cultivate taste
for and appreciation of the beauties of American
cry and the wonderful achievements of American con.
structiye genius.
Zach voter should remember that both Senator du-
Pont and Congressman Miller in favor Of protec-
tive tariff.