The Detroit times., 1916-01-17

work. Pittsburgh has bailed her
overnight drunks out al the morning
police court. 20 put them az work
Clothing manufacturers report bus
mess good The man who Is out OF
Job makes his old clothes do.
Makers OF household goods report
big business. when there "a doubt
as 10 what may go In the kettle the
housewife does not spend money on
new pans Steelmakers are refus
ing structural steel orders eight
months ahead. The steel IS needed
for tall. new buildings
Prosperity is like a food in
creek bottom" said banker ln Gin
cinnau, where they know what food
are Every inch Of rise means
that water pours over acres OF DRY
land
More Money on Deposit
The bank cleaungs are the gauge
which measures the inches OF rise
City after city reported more money
on deposit than ever before. That
meant their customers We're making
money Most banks are beginning
20 loan down toward the reserve
line That means the customers are
extending their business Every pc
Rod Of great prosperity. according
TO the bankers. is preceded by a pc
Rod OF great accumulation Of
money That latter period came TO
an end six month ago. Capital no
longer lies idle. The accumuIatious
are being tapped by workers
Broadly speaking. the only bar TO
a continuance OF the present pros.
perity appears 20 be in the shortage
OF ships and freight cars and the
lack OF docks and the puny acreage
OF railroad yards. While the war
lasts We can sell abroad every dol
lars worth OF material we can pro
duce. Perhaps S2,00O,000 a day IS
being spent here by the people OF
Europe for material with which %
kill one another. While they are
thus engaged they are unable 10
serve their old customers in the far
corners OF the earth. We have
stepped into that breach. II will so
hard II we do not hold after the war
some part OF the trade that has lit
orally been thrust into our pockets
In this way.
Buyers from Australia and New
Zealand and India and China and
japan and where-not are opening
Offices In New York and Chicago
and other iobbing centers In order
! 70 buy our goods. They have main
tained such Offices in London FOR
I years. II will be our fault II these
Offices do not become a permanency
/ here. Bankers say the dislocation
Z caused by var must last 20 our pro
ht for at least a year II the war
were TO stop tomorrow There was
time when the American manu-
I facturer scoffed at our export trade.
It's total was beggarly alongside OF
the s120.0OO. 900. 900 business we do
with each other every year
Too much Ike swapping pens for
peanuts" he said
That is no longer the case. lf
our export trade--quite apart from
war lines---is not principally respon.
sible for our financial sunshine to-
day. II would az least be difficult TO
pick out a more important factor.
II IL approximately eight times as
/ great as the war stun exported. and
a good part OF It may be held after
/ she war. II Is one OF the incidental
/ advantages that war on the other
side OF the world has given 10 US.
/ The trading supremacy OF the globe
may become ours This isn't a pro
phecy. No one is prophesying. n
10 merely that no one knows what
may happen as a result OF the
smashing OF the old world machine.
Trade Follows the 6ookkeeper
Our bankers have risen 10 the op-
portunity In a big way They have
known every one has known that
unless credits could De- arranged
here for the merchant In South
America he would not be apt 10 buy
here Trade doesn't always follow
the dag. II Is more apt to follow
( the bookkeeper England and Ger
many and France bought Of South
America and consequently South
America bought OF France and Ger
many and England The war has
given US tho chance 10 compete.
Two great international banks