South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-06-21

10 war;
The astonishing growth Of Amer
cas- foreign trade has been an out
standing feature Of the last three
and half years To retain and en-
arge the position we now hold in
ne commercial and financial world
one Of our biggest problems other
-ountries believe that their future
depends upon their success i'm for
ign trade and are making their
PREPARATIONS according!r Every
effort we now put forth here 10
meet the competition that is newt
bic is step toward organizing for
The Victories OF peace.
Great Britain has approached her
problem Of reconstruction after the
war with an enthusiasm and thor
oughness In which there IS both
suggestion ana Inspiration for the
United States tn spite Of the diff
culties involved in her worldwide
possessions and their diverse peoples.
She is resolutely attempting TO work
out a detailed program for the res
toration OF her commercial and
financial position 10 secret is
made IF the fact that she expects a
period OF intense competition for the
markets and the carrying trade OF
the world 10 follow the war, nor Of
her intention 20 be as fully pre-
pared for IL as possible
Period OF Transition.
Her plans naturally divide them
selves so as TO be in accord with
the varying circumstances which will
prevail during the period of adjust
ment 10 peace basis, and with the
period following the completion OF
this readjustment These two pc
RODS are hardly separable. so far as
general schemes Of reCOnstrU
are concerned. and I'm studying the
plans developed by the ministry OF
reconstruction 70 will be found that
they overlap. As a matter OF fact.
il Is the object or the ministry OF re-
construction. and OF all other
agencies now engaged upon these
problems. 10 arrange matters so that
the period or transition shall be as
brief as possible
To that end il IS proposed TO make
pla. now for giving permanent d.
rec,:on to all the energy. now tenn
porarily devoted to war work, that
will be released for other pursuits
when peace is proclaimed. These
plans are Of tremendous import 10
the people Of Great Britain. and
directly TO the people OF other ma
tions. The idea back Of them is
that. II the British empire is 10 en-
dure. there must be such a reftting
Of men and industries to meet
changed circumstances, and such
redirection OF effort as will insure the
utmost development of every re-
source
Getting Out OF Debt.
Upon the surplus OF these re-
sources i'm goods and services which
she can dispose OF 20 other com
tries depends Great Britain's ability
To get out of debt and 10 resume
her commercial and financial leader
ship. Throughout the length and
breadth of the empire the idea is
being fostered that the future rests
upon increasing production and re-
dUcins consumption. upon having
more and requiring less. As Lord
Miner said recently i'm an address
before the London chamber o. COM
uerce:
The greatest OF All ways for an
empire in debt 10 think is OF produc-
lion to plan production TO borrow TO
be able 20 produce more: TO lend 10
assist more production TO refuse all
goods dumped at less than the cost Of
..ft lion
from sources where the producers OF
our needs buy the products OF our
industries Increase production de-
velop prairie. c-ean. forest. and
mine within your magnificent es-
tate and out Of the volume of the
wealth repay your borrowed money.
finding that after YOU have so paid
Your riches will increase"
Inventory OF the British Empire.
I'm preparation for this intensive
development of her resources. Great
Britain L. taking what is probably
the most remarkable inventory ever
attempted. Under the general di-
rection Of the ministry OF reconstruc-
ton. the ministry Of munitions. de-
partment of the foreign office and
board Of trade and other govern
mental agencies. nearly "a hundred
committees are busy collecting in
formation regarding agricultural.
mining industrial and commercial
conditions within the empire
The Inquiries OF these committees
touch the life OF the British people
i'm all its phases Wherever the
British flag waves these committees
are saying 10 men. women and chill
dren. What cam YOU do2 What can
YOU make your mines your farms,
your orchards. YOUR plains, your
forests. YOUR seas and rivers and
lakes do2 Have they ever produced
wealth? Can they be made 10 do so
Upon the answers viii be founded
The principles 10 which the British
people viii be asked 60 adhere in
rebuilding the means OF prosperity
that war has destroyed or disorgs1-
ized. In addition 10 these inquiries
TT