Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-12-09
u. S.'WEALTHIEST NATION
AND MOST PROSPEROUS
"eih'''e t" Our Fiscal Power. Our
oe"'" Are 'TrihinK. Reports Sec
rotary of Commerce.

y" y II ! &C TON. December s.
Unprecedented growth of the coun,rv.s
foreign trade, the commercial advan.
'ases which will accrue from pcaco
ana the opportunity presented for q
heavier export business and greater
investments abroad. are set forth IN.
cay by Secretary RcdaeId. OF III, Do.
partment of Commerce, in his aDn,,,,
report Tho report gives figures show
my the nations trade expansion of
wv" years and sums I'D the couui.,.s
commercial dominance as follows.
Our foreign Indebtedness. has brcn
reduced possibly $4,000 900. 600. W.
nave loaned abroad total sur, since
the war began on August / 1914 est;
mated ut $500, en0.o 900. and increasing
w. are the wealthicst nation in the
"oEio ana the most prosperous one.
We nave not wasted our men or means
~ war Relatively TO our fiscal mower
.''ua!' our debts are triiinE. Nations
less wealthy than some OF our indi-
N"". "'ates pear heavier burden
OF debt and interest than We.
We arc tho only enc of ,hc ,r.,,
industrial peoples at peace. Nations
turn 10 US for goods and means w;th
"hich to pay US for the goods. Mono
OF US. in our widest financial roncins
h'e years ago. would have dreamed
that things could be as now thov oro
TO protect our reserve OF cold
winch Is the ultimate base on which
cur domestic credits rest. we mus,
maintain our export trade and mus,
continue to increase loans and invest
menus abroad. The work of III,
buTeau or Foreign and Domestic Com.
mercc IL devoted to these inDortan,
uutics The report OF the chief ~,
That service shows it's extraordinary
srhwth and effectiveness I'm tho,-
H"haS OF business Offices its aid is NC
kh"wIcdGcd and welcomed N,v,r I'm.
our government nut at the disposal of
our business ana Industry tho hclpful
Facilities that ar" now provided
MUST GARRY on work
EVEN MORE EFFICIENTLY
1T IS Q! national impor,ancc ,h,,
the great service which show. snc,
practical results should be given tho
mon and money necessary IN or. -,
'ts great work even more efficiently,
The force Of commcrci., ,,,,n,,:.
should he enlarged. Further gums
should lie provided for .he >ora,..,,
travelling service The denartrnon, ar.
the AID which Congress has civcn
u" 'uh"S 'or promoting the foreign
trade OF the country are now five times
Ia her 'hah 'h"y were four years agn.
IN. results are many times tren,cr
'hhn thc increase in funds"
The secretary urges larger ,nrro
"''"""hs Tor all the bureaus OF his de-
partmeni. and for enlarged bui,dir,,
'"c!''ies. Experts in many lines. he
says arc being employed coustn,tIv
~ "'sheF salaries by private concerns
mus Gripping the department, /, e..
N"rk' ms is particularly true. he
ShHs' OF the scientific bureaus. Higher
pay is asked 70" these cxpcris
HeNer' says tho report. mas the
"e"'"hu toT scientific ana technically
'''i"c" mon n"cn 40 great as at pres
'"' mus mas resulted in the loss Of
"!"hF "cli-traincd men In tho bureau
"''h"ardSs staff. Tho timc has
come "hci some OF the salaries paid
S"c" experts must be Increased or their
Ne'NiceS dispensed with. This canno,
D" done without loss in quality ana
IN" deterioration Of the high standard
~ inc bureaus work
ENp"rtH IN the bureau Of foreign and
'''"''' commerce. the ronort de.
'i'FcS' are paid much less than men
larry paced ~ other government
departments and in private employ.
IN" report tclls OF efforts durirt, .bc
Ee"' 10 reduce indu?;riai wastes ana
w US pa7er saving and other cam,
"a'shs ana work IN Introducing ncv.
sea foods through tho Bureau OF
Fisheries