The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1917-12-13

WASHINGTON. Dec. 12.-Mcasur"S
for making the most Of America
world trade opportunity ar" for"inoSl
! IN Secretary Redfeld'S report Of tn"
many activities Of the department at
commerce presented today 10 congress
The department probably conducts more
different phases Of government WORK
than any other. and while Ill are
touched upon in the long report. uraS-
ures for promoting foreign trad" ana
an account Of the years commercial
operations stand ~ the top Of Tn" list.
The visible balance or trad,. in favor
OF the United States on merchandise
transactions for tho fiscal year ended
June go. 1917 was s%.G34.45n9o5." says
the report The total uf our nerchan-
disc export trade was So. 2gG. Sp6. 600 AMI
Of our import trade $2.679 G3HlS5. Dur
ing the three months period from the
close Of the fiscal year To October l
the merchandise exports have been 81
S19.213.625. The imports S1"9.?I8.OlI /,
and the net visible balance $5S?.""h.6cS
The department earnestly hopes for
the passage cnrly In the coming session
OF the so-called Webb bill. now pending
in tho senate. This measure vii! haT'
an important bearing I'm promoting our
foreign commerce. 1t will strengthen
one Of the weakest point" In our FOR
eign trade and will give confidence |"
many II manufacturers and merchant +"
undertake. foreign business from which
now, for lack Of the authority this
measure will give. he feels himself OK
cludeG.
This country now holds the Creates;
reserve OF gold the world has ever seen.
It Is n great economic prize. ON II. ="
Il secure base, rests our national. Sia;"
municipal, corporate. and private credits,
Let 1t be seriously diminished. ana ih'
volume of credits That VIZ can CIV" -
thereby diminished also. Their" ar" h'i
few ways In which this rn@'rv'. ha&"'!
on which our credits d"l"nds. can h'" adj
uuntnly protected from economic nttHri,
Among these methods ar" loans a'r"'''"
investments abroad. sales abroad. @"i|'
ice abroad. BY ono or another Of The,
mot huds or ny combinations "f 'h"n
We can keep thr current of "NrhtmG" -
flowing that our gold reserve may PC
SIst serious aininurinn. Ia &" doing W.
conserve. our power In give credit. viii II
is TO say our power to do business on \
largo scale This means nrnpl"%Iu"ut 20
tlvity. occupation. Wa mr." becoming ~.
Gust toned IL loans abroad. "" mr." !"-
ginning. hut MS get only hcGiuning. I"
make Investments abroad "t any rhll$i'!
erabic scale We ar'r NO. yet r"nd"riu"
services abroad ON \ larg" GO ale. such HS
insurance nc transportation
we must hold rs fully aS "" can '''''
volume. Of our foreign commerce. lh'""i
: II we fall Ia TAX" ;h@S.. "c"n"tni" in'v"'
mcnts n, their true valu". the result sill
be unon Our own iGa,is and We shall
onIv have ourselves tn blame. w" may
inn
w. ,.a:i M; hold u pla"" "E fna1l"ial ami
industrial ard COMMERCIAL power in tn"
world unless ~" i.r,.p 'V" ''r"'lii -G'"ir =;
power Tnis SITUATE" - c'HUi;riIilT -is
n"w 10 %5urri"atr~: . i''H ''"ii"' ~ ~
us Srd.!"nly: il h"s ".-"n "u' "f 't'
.hrri. &C VIZ. J. j. n" "r'.'1'.''"%@arF
Therefore. :" ,trE. n it''n hr' u H'
wr,,ii ,,r"sr"f - IL. fair =" GA. -
iuIr;,. tilh .h - .,.;.it:.. IT ;.3:Hrr days