The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1916-11-03

able TO meet the demand.
America will be called upon TO
manufactures goods and machines
The REAL TEST OF American
| business will come. not immedi.
ately after the declaration OF peace.
but MANY MONTHS OR PER.
HAPS YEARS LATER. when Euro.
pean manufacture and commerce
are again in full swing.
Peace Means Bia Opportunity
Opportunities for American TRADE
will be greater then than ever be
/ fore the world market viii ulti
mately follow the natural economic
and commercial laws and the do
mand for our products OF all kinds
will be very great.
Hut aa world trade opportunl
ties expand. International compett
ton will become ptoportionatcly
more intensified. How American
business can best be prepared To
40 forward under this competition
Is the great problem that tho com
merciai foresight and statesman
ship OF the United States must
/ solve.
To formulate sane system OF
| Agreements OF an International
character establishing fair rules
for such competitive conditions
based on mutual consideration Of
tho rights OF all will be the prob.
lem for future international states
craft
WE MAY ne SURE THE FU-
TuRE WILL REQUIRE A GREAT
Err DEGREE OF INTELLIGENT
co. or OUR Ma
TlONAI. STRENGTH THAN
WE HAVE HERETOFORE AT
TANNED.
The problem OF democracy
In 70 become equally eNieint
with autoersey. No matter
what the terms OF peace may
be, the Industry OF all the ma
lions OF Europe will emerge
from the war eensraiixed ard
controlled 10 a degree FAR sur
psssina even that which exist.
ed in Germany.
Duplication. waste and de-
struetise competition will be
eliminated. The labor force OF
the European industries will be
disciplined. and their physical
efficiency cared for as q matter
| o. fundamental national eusi.
ness policy.
| Governments interested
Ard last. but not least. the
national government In every
country will be interested In
business. either directly. thru
ownership and participation In
profits. or Indirectly. as the
basis for the enormous taxes
that must everywhere be
| levied.
Every nation will lend It's In
dustry every possible form OF SUP
| port and encouragement. both at
home and In the markets OF the
world.
| American business and Industry
must be prepared 10 meet this In
ternational competition. This
preparation must be thorogoing
and sound.
We must conserve tho natural
resources 80 lavishly given us.
With our raw land taken up. our
agriculture must become increas-
ingly intensive
Sane Competition
The competitive system. which,
"a a democracy. We have ordained
to be the basis Of our industrial
life. must be made stable, sane and
helpful.
Wastes In extraction Of raw ma.
terials. production and distribution
must be eliminated
| WAGES MUST BE RAISED 10
a level that will assure a well-nOur'
Ished, energetic and efficient pop
ulation. and every means must be
taken to eliminate the unemploy
ment. accidents and sickness which
are such terrible agents OF deterior
alton in the present Industrial
world
MEANS MUST BE FOUND &c
promote the cooperation OF Ameri
can manufacturer and exporters
| 10 UTDIFfI ibi'lkiA 'hA't ~ i''T" "'N
TO meet the competition Of foreign
cartels. combinations. and govern
p ment-supported enterprises. ant
! this must be so done as TO proven
such power being employed agains
/ domestic consumers. or to RESTRAIN
} our interstate commerce undnly.
On the purely material side tn
United States Is wonderfully pre-
pared. With one-eighth the poi
ulation OF the world. It is estimates
that we possess nearly one-thir'
; its total wealth. We have one
: fourth OF all the gold coin In tn
/, world and the resources OF on
national banks exceed by the enoI
nous sum OF 81 1000, 100000 the az
gregate resources of the stat
banks OF England. France. Russia
Germany, the Netherlands, SwitzeI
, land and Japan.
. American craftsmanship has
already laid the great founda.
lions for the coordination OF
= our national commercial
strength In many directions.
The federal reserve system 10
rapidly solving the great prob
lens OF financial elasticity and
stability. The rural credit sys-
tenn enters upon the solution