The Washington herald., 1918-11-19

sorts of disturbances. are as certain
to be COMPOUNDED in their fears as
wsre those who saw world disaster
In the world war.
Wen Prepared for Peace.
America is vastly better prepared
for peace than it was for war. The
transition from a war basis to IA
peace basis will bring unsettlement
in various lines of industry, but
readjustment Will be much easier.
much more rapid than generally ex-
pected.
There will be plenty of work for
everyone to do. There Is no reason
to fear what we term hard times"
as result of the war. Surely there
is no danger OF such a condition
within the next Ave years IL the
American people are prudent and re-
| sourceful. They have not been
prudent always, but they never
lacked resourcefulness. In the last
few. years. they have shown a pru-
dence greater than they were sup
posed to possess.
Americas present problem is not
one of preparing for contraction in
business. but very great expansion
in business No nation ever had
such opportunity as this one has to-
day.
Let us take a look at America
Nation Offers Big Market.
Here in our forty-eight States We
have more than 10000. 900 people all.
practically considered. speaking one
language, all animated by the same
ideals and purposes, all within reach
OF the literature put out by our
great national publications. all easy
to supply through our transporta-
ton systems OF railroad. trolley and
automobile. Nowhere in the world
is there so big a market for the
manufacturer and supplier to reach
so quickly and so easily.
Our domestic market has been so
{ big and our growth has been so rapid
| that heretofore We have given at
tention to the foreign market only
| in periods of local depression. So
soon as those passed we have neg
lected the foreign market and been
satisfied with our domestic trade.
Now. whether We want to or not,
We must supply the world. Nowhere
| on earth is there SO much raw ma
| terial so easily obtained as here. Our
\ wealth in iron ore, in copper and
other metallic deposits is colossal
No other nation has so much ara
BILE land. No other nation has such
! manufacturing facilities. No other
nation has such financial strength.
| Our national wealth is greater than
\ that of any other three nations COM
| bined. ..--- 90. .---
Foreign Trade Handicapped.
What foreign trade we have en-
! gagged in heretofore we have con-
4 Quoted under handicaps. Our goods
| have been carried in vessels ownec
| and operated by other nationalities
| Our foreign commerce has been fin
anced through banks of other coun-
tries. Our agents have been men ol
other climes.
| Now, for the first time in history
| we are becoming possessed of a mer'
| camille marine of size commensurate
| with our world position. We are be
4 ginning, only beginning. to get oul
| own banking establishments in foreign
! lands In such foreign trade as We
/ develop hereafter, we will not have
to pay tribute TO Others for carryins
| our goods. for marketing our pro-
4 ducts or for furnishing financial ac
| commodations for our business.
Heretofore the foreigner has beer
! doubtful about the American. He has
considered him an upstart, wonder
\ fully successful person but bumptioui
! and not to be trusted. He has no
I been eager to trade with the Amer
| icara for the American has been un'
willing to conform to the foreigner
business forms or caprices. He hai
! considered the American arrogant anc
! to a. large degree money mad.
The war has changed the foreigner
! view. - ~
- Ideals Revealed.
He has seen, America pour out it,
| wenith of men and money on the alta
/ of human liberty He has seen IN
people he thought were dollar idola'
4 tors ready to sacrifice everything 10
the IDEAL OF world democracy. H'
has come suddenly to think of Ameri'
cans as the greatest. people Of TN
! world ':,-s
4 America has won something in TIM
war the worth of which cannot o.
I measured. 1t has won the good VII
tof the world. The whole world want
to trade with America. 1t must trad'
with It for a time for from no othel
lsource can it obtain SO readily tn
raw and finished products. the FOOD
stuffs,, the financial accommodation
lit can get here.
Foreign trade Is the life blood o
international health and greatness
4 The world needs everything Americ'
can supply. The American farm. tn
American factory. the American mil
working to their highest capacity TO
1.-THE next few, years cannot meet al
the demands that the world will max
ION them. =
We may expect unsettlement her
ior there in changing over our indus
trial equipment. from war needs Z
lpeace needs. but nothing more for w
have good days. active days, pros
porous days ahead for fair numbe
tof years.