The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1917-01-02
EBERT II. GARY,
Chairman of the Unitcsi states SI~s,l
CorIspTutiOn, New York:

LA.N HN NAN |. Q hNh eNfH 70" 30.
no indications hat the prosperity boz
this country Will be checked in TN"
near future IL the war continues The
demand FOR a products Is not de-
creusina. nd u b. up to the high-wa-
81 mark. our capacity is practically
taken FOR 1917 and "a substantial part
OF 1915. ! do not think thc short
crops have had, or will have during
the next year, very much influence on
the situation The prevalent spirit OF
speculation ls Il duuger-pu.nt, hut Il
not controlling, so tar us general bus
iucss b. concerned MIN this respect
there b. a difference hetwctu the pres
ont aud the past.
CD Ia ms opinion, the ending oi
the war viii have du immediate cftVct
upon American finance ana Iudustr!
I Probably 10 Will ht slight "a first. bat
I fear lbs prominence viii rapidly m
Crea,e. As tu industry / THINK there
Will ne ID reaction. perhaps not SER
IuI- az first. but noticeable and Iujur-
ious within "a year. The longer eject
! SHOULD uo very serious. In my opiu-
ION. the awful destruction which i-
going un viii adversely affect uusi-
ness conditions throughout the world.
This country will be- able 90 emerge
from the diuculue- goJdily than
amy other nation. and the time ucce--
sIry VIII depend upon circumstances,
|lutludIug particularly the attitude ut
the government ct the United States.
The effect upon nance val depend
iar-oiy upuu the attitud, of huauoIers.
bankers and capitalists ot this cuuu-
try between now ANA the close of th,
war. n % cash resources are prop
crly guarded kept .u liquid shape, and
largely within the control OF uur ~
people, disaster, panic, or even serious
money shortage may DE avoided.
There are likely to be several serious
problems ~Cuutruutlus the American
people during the rcadJustmcut pc
TIod, including the labor situation. the
readlustmeUt Of wages, restoration tu
"a fan basis. the cost Of living. the
sudden and material low cring OF prices
generally. the dimuuitiuu IN demand
Tor the products OF this country. both
FOR domestic ana foreign use. and, il
fact. the jars and jults incident To a
return To- normal conditions. IT the
whole population, including the rich
ana poor, the employer 1901 the en-
playc, and also the government depart.
ments, should all work to.ether, hay.
ing at heart the necessities. the rights
and me INTERESTS OF am, every obstacle
to growth, success. and reasonably
prompt return TO prosperity would
soon b." overcome; but here is the rub
Tru" patriotism. real statcsmunshir
and unselish regard for others viii b,
needed as never before.
3D. ] believe, Dy skilfl manage.
nicni. We can continue TO be % cred.
itor nation after the war. The present
action %, our bankers ana capitalist,
should bee based ON our expectation,
as 20 the necessities 81 the bushes,
OF this country, I think there is dan.
ger OF oycr-eNtcns.on and of too larg,
credits. ] DO not care iu be more spc.
cidc.
; "a In my opinion, large gold i'm.
ports 81 The immense amounts of gclt
la our vaults win not of themselNc.
produce serious financial dificulty
Tho rcadiustmcut OF balances. Of rate.
OF exchange, of security values vii
necessarily involve financial disturb
ances. and they viii gall for the bcs
enorts o. most careful considerable
Of financial experts. with respect {,
al business questions. financial. com
mtrclal and Industrial this ,uuutr.
Will haze a decided advantage owe
ems other country, provided We MAX
the most ut our conditions aud oppor