Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1916-01-08
PROSPERITY rs HERE, But
GRFiTEH PROSPERITY ~
COMING.

THE business man who Is not plan
ming for good business during 1916"
says the Philadelphia Record. "wlll
miss plenty Of the golden stream.
that is going To pass by his door, bc-
cause OF his nnprcparedness."
Prom all Of the leading financiers
and financial writer's comes the same
prediction Of enormous business pros
perity during the present year. de-
spite the fact that We are TO have
national election. The siens point so
unerrlngiy % continued prosperity
that they can hardly be msrcad.
The export trade during the year
Just closed has 40 far surpassed pre-
vlous records that the big figures are
no longer interesting 70 the average
American. Tho present year begins
with demands from Europe for far
more than We can supply ana with
all Of our terminals crowded With
goods waiting shipment across the
water.
The balance Of trade has piled up
n vast surplus Of money which is not
being denled by the sale OF Aneri-
can securities held abroad Depos-
iis in American banks are a billion
dollars greater ~ the aggregate than
they were six months ago
The government hus adopted
broader policy toward the railroads
which has given those companies
confidence to utilize easter money IN
order for hcttcrments This cond-
ton ia only handicapped lY lack Of
labor 20 produce the supplies and to
make the needed improvements on
the roads
The great crops Of 1918. sold ~
the highest average prices ever
known. are sure 10 bring great proa-
perlty to the rural communities which !
will show Itself in stiff demand for
manufactures and in new houses and |
barns and the purchase Of additional /
farm equipment, TO say nothing OF /
more luNuries than usually find their
way into the rural homes
In short, the American people are +
prosperous business men who are /
fafseelng recognize the signs Of the |
times and are preparing TO take nd /
vantage OF them, This will be n year +
II expansion, Of Improvement Of
Achievements i viii have many OIL
the ehafacseristics Of a general boom /
over the whole nation.
There are no Indications now that
The European war VIII close this year |
OF next but If It should close there |
viii be vast demand upon the pro-
ducers of The United states for MAJ |
terials with which 10 replace the |
wastage OF war-ateoi for the rail. ,
roads and bridges. machinery for the |
factories. clothing aud foodstuffs for |
the people. lumber aud structural
steel for the houses destroyed.
The United states is the one eouh-
tn thai can supply these demands. /
and along with the domestic business
WIN como continued heavy exports
Talk % Europe flooding this country /
with cheap goods Is nonsense Mil
Hons If men who. prior 10 August /
1914, We're engaged in productive in +
dusuy, since that time have been enc /
gagged only in consumption and de- /
ssruciion There Is scarcity Of labsf
in Europe and ereater scarcity o.
material ana when the war is over
there vii snsuc an era Of high wagcs
such as the world never before haa
known
w have kept out Of war and We
sro going 90 keep ont 81 war II il ia
possible 10 do So. despite that war
talk regarding Mexico sud Europe by
an unlnfmeatial minority ia the
American congress