Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1917-10-24
Natural Thrift and Economy
Promise Rapid Progress
EXPORT BUSINESS GROWING
Our Great Ally Possesses RecuoeF-
alive Powers Which Justify Be!i3f
That She VIII Meet and Solve Fri
u~rlphantIy the Problems Which Cen.
front Her After the War.

Win P2flS DOuleVdIQS ecnOlCS VIVA
"vives" for American troops OuE inter-
est in the welfare of our ally vastly
increases, and the facts are not lack
ing to encourage the belief that she is
already on the road to recovery from
the blow OF invasion by a ruthless en-
envy.
One of the most important devel-
opmeuts is the announcement that
one Of the largest banking institutiGus
in America concerned with foreign
trade, the Guaranty Trust company
of New YORK, has opened a PARIS
branch to handle the rapidly increas-
ing volume OF French business.
This action may surprise many per-
sons who had thought Of France as
bowed under q calalnitous invasion.
The bank, however, gives figures ndl-
eating that France is not Only meeting
her military anu civilian problems with
g stout heart and never falling cour-
age, hut is ra-eStablishiug her export
business with this country.
In 1914, the year of the outbreak Of
the Var, imports from France to this
cOuntr tOtaleu ltl.446,252. This to-
tai vas reduced to S77,15S,7+O in 1918,
but last year the value Of French m
ports 10 the United States rose to
$10z,077,05o.
ga nation that can achieve such a
commercial recovery while her terri
tory is being ravished by the invader"
SAYS the Trust comnany'S statement,
possesses r~ecuperatiVe powers WAICtl
Justify the belief thai sne will emerge
from the present conflict prepared to
meet and solve triumphantiy the nfob-
lens which confront her"
The commercial and industrial rec
ord of France, following past wars, in
dicates that she should recover quickly
from the actual physical destruction
inflicted in the present conflict. The
reconstruction of rail- Dads, the erection
of factories to replace those destroyed,
ami the replacement Of the mechanism
of industrial activity that Will be re-
CURED and that is in part already
planned, offer a peculiarly inviting
field to American capital ana enter
prise. Tentative steps have already
been taken by representatives O. Amer
lean engineers and business men in jhis
work.
Aside from it's attractive business
aspect, the enlistment of American
money anG effort in the great tt,sE O.
reconstruction that will remain d. the
end of the war will tend to cement Ill
more closely the ties thai bind the two
great republics together, and will en-
able Americans to discharge IN part
the debt they owe tt France fer her
friendly interest in the welfare nd
progress of the United States from
the beginning of its life as q nation.
In judging the Industrial status Of
any nation, its production and N
sumption Of coal, iron, and steel and
the growth Of it's transportation sys-
tens are highly significant factors.
In 1869, French industries consumed
p million tons Of coal, of which 1875
millions were taken from home mines,
In 1912, the consumption was 81 mil
lions, Of which Al million tons were
taken from home mines.
In 1869, the French output Of cast
iron was 1,3S0,OOO tons, and of STEEL,
100000 tons. In 1914, Fra1ce pro
duced 5,311, 900 tons of cast iron and
1885 coo tons of steel.