The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1916-12-13
!. 5. MI Enter
COMPETITION FOR
F0REleN TRADE

NORFOLK. Va. Dec. lathe Unit
ca states win enter competition for
the world trade after the war with ev-
cry advantage. said Secretary OF Com
merce Redfield. speaking today before
the Southern Commercial congress.
There Is the best reason for know
Ing that In at least four important
respects the end Of the war win mean
calls on Us for supplies which now
we are prevented from furuishiux. !"
said Mr.. Redfield. These demands
viii be for foodstuffs Of manv kinds
Tor agricultural machinery, for lumber
IN many forms and for credits in the
day OF loans and investments"
Americas advantage will lie. said
the secretary. in the fact that her ad-
1ustments from war to peace condi-
tons will not be so severe as in the
fighting countries.
It Is reasonable to suppose that
foreign industries as a whole" he
said, will have to make q sharper
readJustment of product from war
goods to peace goods than is to be
the case with US. Consider what
manufacturer in one of the Cen
tra1 powers would face IL he under.
took to make up goods for stock TODAY
on any considerable scale for an ex-
port market. He would manufacture
at high rates under war conditions. with
higher than normal costs, with some
OF his trained supervising and working
stan In the armies. and with eyery
material enhanced in price. perhaps
with some supply cut of.
This man must pile up goods so
made at q time when credit is costly
and taxes are advancing for a sale at
future time which may be distant and
IN markets whose current movements
ne may not know and of whose future
conditions no one can tell him. He
may not be able to say whether styles.
designs. cOlOrs and dimensions and
other elements Of the goods he makes
will suit when the unknown day shall
arrive when he can offer them for sale.
Nor will he know whether in the in
terval industries shall not have sprung
up in the place where he would sell.
that will make the vending of his
product thep impossible.
For manufacturer under condi-
tons of this kind to pile up goods
would be almost an act of industrial
insanity and certainly not one whose
existence on any considerable scale
should be thought dangerous threat"
Economic alliances are formed, the
secretary declared, not as offensive
weapons but as a defense.
These movements cannot be looked
upon as If they were weapons backed
by exceptional economic power. On
the contrary a saner view is to regard
them as weapons forged to overcome
unusual economic weakness. They are
not the outcome of developing strength
but of increasing loss. They are Gre
ated to make the best of a bad situa-
ton"
Economic alliances may come and
go; tariff policies may change: but
greater things than either will de-
termine our place in the world" he
Guided. IF we will waste we cannot
win. # we condemn the scientific BY
boastful adhesion to the so-callea
practical-Which often means the ig-
norant-we cannot win either. If We
pit unframed minds and hands against
those which have been skilfully taught
We cannot win. If we persist in ig-
noring what it costs to do business
We cannot expect to cope with those
who are more intelligent We cannot
have our place in the sun unless We
deserve it.
If | We're asked the message Which
at the end Of thirty wears connection
with industry. | would leave as 4 warn
ing against danger the sign pest tor
the future path, il would be.
Educate young people Tor the work
of the field. make industry the servant
Of science. know costs and the causes
Of costs. stop wasting
Five different ovens meet about all
the possible requirements OF new
gas range.