The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1916-11-07
AMERICA FIRST AND AMERICA EFFICIENT"

During political campaign there much interest
valuable discussion of the conditions which will con-
front this country after the close of the Europe This discus
sion pertaned principally the foreign competition which American
producers will compelled because of the pressing effort
foreign producers sell their goods markets 1t generally
believed apparently with that the millions of
children who been added the producing forces OF
European workers will continue that capacity after the has
ended and that with the of the soldiers to industrial pursuits
the productive capacity Europe particularly in manufacturing
prses will be that surplus of products must
find immediate market somewhere whatever price be oh
Certain is that Europe will be in need of money Gold
has been flowing from practically all the nations of Europe into the
Golfers The United States the
which has the purchasing power of nation earth
To therefore Europe for ready market for her prod
But it not in trade alone that we are likely
front serious and menacg drain upon financial
well understood fact that prior the outbreak of the
Europe American tourists spending abroad from $5OOO
$5O0O00OO0 year. Most of this spent in European countries
The outbreak of the shut off foreign travel and caused people
spend their money home This country saved therefore
the of between and $OOOOOOO that would
otherwise have gone to Europe.
predicted by who have considered the subject that
the there will be only renewal but great
augmentation of the European tourist travel Not only will people
travel Europe for the that they have the but
large numbers will there order the battle fields view
the destruction and study economic social conditions Many
residents of the United States who have relatives the countries that
have been will personally money
for their relief The drain upon finances because of this travel
in Europe will doubtless be times that which suffered before
the began will not be surprising if the expenditures of Ame
there shall
100000 to $O0G0O00O0 year. This will be outgO money
for which shall have return whatever If there shall be
bned with this of purchases of foreign made goods
there shall be balance of expectations gold
from this country Europe will be and rapid shake
the very foundations of our industrial prosperity
Shipments gold from Europe the United States during the
period of the European laid the foundation for pyramid
credits which created the industrial prosperity have enjoyed for
the last few With that industrial activity initiation
values and increase of prices Because dollar gold furnishes the
foundation for several dollars of credit increase industrial
the expectation of gold pay for foreign goods
pay for foreign goods the of American tourists
foreign countries will the contraction credits
of the expectation of gold AS necessary consequence
contraction of credits shall reduction of
rapid fall in prices
There things the American people prevent such
calamity this One of them they do by process but
the other must be left the patriotism of the individual We
by enacng protective tariff law. The only thing prevent
tourists from rushing in immense numbers Europe spending
their sightseeing is the patriotism of the individual which
should induce him spend his money this country where will
build American industries give employment American citizens
and cultivate taste for and appreciation of the beauties American
scenery and the wonderful achievements American constructive
genius