The Denison review. [volume] (Denison, Iowa) 1867-current, 1917-01-24
EX,SECRETARY At DES MONIES
Continued from Page y

liza OAVANAAHNA IA WV tAVANAS
Continued from Page y
more food products than at present.
This being true they will buy less IN
America. They will require less mum.
lions, less army equipment, less hors'
es mules, harness and a thousand
other things. The factories OF no bel
ligerent country, except Belgium, have
been seriously crippled and thousands
of new factories have been builded and
equipped in each of the principal ma
lions involved in the conflict. David
Lloyd George told Ambassador Her
rick more than a year ago that Eng
land was even then producing more
than four times as many dollars worth
of factory products as before her ar
mics were called from peaceful pur-
suits. This result has been attained
thru improved efficiency, better hours
and universal service. All are aware
that Englands exports are now larger
than ever before in her history and
that her monthly exports to the Uni
ted States exceed those of any other
period. =, 80 .
1t is reported that Germany has two
billion dollars worth Of manufactured
products produced by prisoners or
war, convelscent soldiers, old men,
and women, ready to export and that
she has practically completed for SER
vice new ships that will take million
tons trip.
The aggregate export trade Of the
world is, about eighteen billion dol
lars, fourteen per cent of which is
enjoyed by the people of the United
States. Our domestic trade is estimat
ed at one hundred billion dollars OF
which the other nations OF the world
enjoy less than one half percent. 1t
Is frequently urged that we yield our
five hundred billions Of domestic
trade to unrestricted competition to
the peoples of all nations in the hope
of securing thereby somewhat more
than fourteen percent Of the aggre-
gate eighteen billions of export trade.
Only in this way can the wish express
ed by our beloved president to see
the American business man and the
manufacturer "pitted aginst the world
not in selfishness but in brains,' be
realized. Whatever may be our ma
tional policy, am extremely anxious
that the American people be equipped
with international transportation facil-
tiles equal to those enjoyed by any of
their competitors.
81 Built up Marine.
have. made more speeches in IA
vor of mercantile marine than any
man living or dead and while nothing
that have said, nothing anyone has
said, nothing anybody has done or at
tempted to do in an official way, gives
the slightest evidence that America
will again be factor in the carrying
trade of the world, propose to con-
tinue my efforts, fruitless' tho they con
tinue to be-.
There is no way to secure a mer-
camille marine except at an enormous
outlay Of money. If we grant special
rebates in duties on imports brought
IN American bottoms it is equivalent
of a subsidy, for while it does not
take money from the treasury it pre-
vents its reaching, the treasury. #
The, government shall own ships and
operate them in its bunglesorne and
way, and necessarily
1t enormous loss it might as we'll re-
luce the loss to a minimum by encour-
aging American enterprise and BUSH
ness acumen and pay a less sum dir
ectly as subsidy. If it shall increase
the canal tolls on both foreign and
ceastwise ships to the limit Of what
the traffic will bear, using the income
thus derived for the encouragement
Of O. mercantile marine, it will be the
equivalent of direct subsidy,
Must Pay Price.
! have never yet discovered a very
valuable way to get a corresponding
thing without paying valuable price
for it and it is my settled conviction
that a mercantile marine would be
cheap at any price. | am also quite
sure that if America is to take her
place and do the great things expect
ed of her mercantile marine is alb
solutely essential What the United
States prohibits as combinations
in restraint Of trade all other
welcome as combinations
in the aid of trade. Hence Euro
pean producers of heavy freight
combine with ocean carriers for spec
ial rates whenever necessary to en-
able them to dominate South America
South Africa and many other mar
kets and the ship owners make up the
losses from extortionate rates from
shippers of countries having no mer-
chant marine. Before Americans can
be expected to establish trade agencies
branch banks and ex-
change facilities in the countries to
the south Of US and ultimately thru
out the world they must be insured
NJ q flag which snells nrotectiOn and