The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1918-07-08

rivals, European nations WIN also hAHo
certain material adEantaess. onA- ~
these will be the impetus giyenrey
their colossal national debeA hich M
spur them to rsdoubled s2ests toward
quick upbuilding or their fofsa$n
trade. They VIII have colonies Iieha II
raw materials, which have 'dsveloD9&
during the lost tiifes Years Z hiehst %,
gree of productive efficiency. 80
will have an intimate atquAlntAAee
with the conduct Of foreign trkd4 a1l39
at least framework, Of al organlz
ton for perfecttng It, They w1H have
a system Of foreign banks With sStahs
Of trained men. They viii have! i ~
gree Of governmental aSsfStAnte md
support, hitherto. ct least unknown e
American traders. '
But America has certain othAf a.
vantages over them. She has''a,lAa1
gold reserve on which to build credit,
sufficient not only for. our own sntess
prises, but also to give foreign I'D
We have q banking system character.
ICED by some of our rival nations 70
ideal, system lending itself to the
extension of American financial houses
abroad. In this beginning has BEEN
made, not only BY setting up branch
banks and foreign Offices, but oip ~
organizing commercial banks.
Then. too, America has q form Of
government tn which her citizenS ~
lieve. Other nations generally under.
stand that she has no territorial am.
billions. Finally. this country y not
likely to be cursed with The claAG
struggle. ...... ,.,5,, H. 5f;sy
Economically, her position = 3odd
With an Immense and varied popula-
ton, she is assured Of richness and
variety of productive efforts that,
rightly directed, should give her pre-
eminence. She has an abundance ct
untitled farm land. fnexhaustiole
mines. rich forests and ample water
supply. Our inventive genius ia pro
verbal. And we shall have at the
close of the war a merchant marine
| such rs America or any other nation
has never before known. . liz,
And vet, while every other great %.
ton Is attacking Its future prepasa.
lions under carefully organized GOV
ornamental direction; we in the United
States are tagging behind. There has
been so fur no organized undertaking
| OF the problem Of reconstruction a. 9
whole on the part Of the Government.
While It may be fairly assumed mat
i such departments as those OF INC
Treasury, Interior. Agriculture, Com.
merce and Labor are devotihg much Of
their time to reconstruction 1neasuro1,
there is as yet no agency for the CO.
ordination of their findings and the
suggestion Of general policies, unsses
| Il be Congress itself, purely political
body. & y 4. .,.;s
While up to the present time indivfd-
uals, corporations and associations
have done great deal In the desulto-
~, detached sort of way, no nedinn
for the interchange Of opinion OF fof
co.operative effort has been creatS4
This country seems not yet to haxs:
sensed the fact that the day Of indi.
vidual efforts and purposes, as diltih-
guished from cooperation and puDllc
service, has passed; that the war -
established not only the interdepsn-
dence Of nations. but also the :inter4Sk
pendence Of individuals and clas1eE
and that common understanding, eoun-
sci and cooperation are to DO the
watchwords of the future. ;'e!s5'