The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1918-12-25
HEARTY WORDS
0F CHEER COMES
FROM BUSINESS

these captains oI liuuSIIS "SiO
I'D tn look ahead and tell the peo-
y, of this country what they saw. and
,rtarpret their vision as it relates
~ industry, capital and labor.
from their spoken words ! gather
there will be no panics, hard times.
.,-+ unemployed armies, discomfort,
.s.olutions, starving in 1919.
T5sre will be, on the other hand, no
,,-,osi+ion to garner extravagant
profits.
.,a..,+ effort to nail down prosperity
:. 4irr,Iv during the coming year that
:. r.iu have to stick by us for years to
An idealism has sprung up within
business. Take, for example. John D.
PockefeIler, Jr., who brings tnls
CHRISTMAS peace message:
.aTodav we stand at the threshold
- tho Deriod of reconstruction, and, as
v.a urn from the problems Of war TO
he nroblems of peace, we may look
,o~ sucb success in solving the latter
a. has been obtained in dealing with
the former only as we are animated
h, the same spirit Of cooperation
and brotherhood. The hope of the flu
ure lies in the perpetuation OF that
shirt and it's application to the great
|7roblerns which confront us nation
anv as well as internationally"
american business has reason 10
h proud of it's part in carrying out
Ihe war program" said Harry A.
Wheeler. president of the chamber OF
lcor,r,prce of the United States That
kaga has been written and the pages
|mrned over, and a new page OF the
hook of life in America is white BEFORE
rS NV feeling is that American bus
mess will write, upon this new page,
record as unselfish, as considerate and
Iss glorious as the record on the page
Ehat has Just been turned.
INV belief is that American bus1-
hess will rise clearly above the sordid
|and the selfish and the material things
Eand will strive to lead the way to that
high plane where every man ana
livery nation will have a chance to re-
build his life and his existence under
conditions that will be nearly as pos
ble those ideal conditions under
Which we have been born and in
Ehich we have been privileged to
i've"
James A. Farrell, president of the
h. S. Steel Corporation, bases his
sace prosperity prediction largely
non the stimulant the war gave to
american foreign trade.
Entrance into foreign trade Is no
snger a matter Of choice with u.s."
h said. Everybody is ready to con-
sde the significance of the fact that
he American industries representing
\ he most nearly unbroken record of
krosperity and sustained labor en-
kOyment are those which have been
tccustomed regularly to market over
kea from 1 OTTO So per cent of their
tUducts.
4 The production of commodities up
ll a competitive basis of cost, in
fmounts sufficient to supply home
1nsumption and furnish material for
Foreign trade, will be the basis of our
FIXTURE strength and prosperity.
\ In the coming expansion world
fide enterprise, the nation that can
tot only give it's own trade, on both
Ihe import and export side, the bene-
|fit Of complete financial organization
knd stability, but can extend to other
fat!ons the benefit Of capital and
commercial credits, will be at great
Evantage over any nation that hap
Fns to have it's hands full in main
fhing it's own equilibrium, or which
IN not spare capital and credit"
Charles NJ. Schwab, steelmaster and
'flector general of the Emergency
FEET Corporation, tells how to get
fat foreign trade which is to rivet
prosperity:
We may construct one hundred
mon tons of ships, but they viii
I'VE no value to this great nation I'M
II We do what is more important
In the construction of ships, and
q Is TO devise the ways and means
he operation of these ships.
a great merchant marine for the
~'ed States is essential for its ul-
l41e success, and it's successful OPP
auon is not for the benefit of any
man or class of men OK any one |
9ach Of business, but is for the good |
very individual citizen of the |
~ed States. I do not car whether |
farmer, lumberman, manufac7 !
81 or merchant, a great mercantile
me is essential for every man in |
United States.
4Ae United States now has under |
.0htrol between seven million and |
H. million tons of ocean shipping. |
~ the eight million or ten million |
mat we may add from our ship /
~ curing the next IL months, the
h states viii possess, properly /
:. economically operated, a mer-
~ marine that should make our
secure and establish the
ses1 respect in this transition per-
.,om war to commercial work that
opinion, can happen"
n ,TTssperity lies ahead for America"
william c. Redfield, u. s. secre-
sb' VI commerce. "Of this 1 have no
a., and he points way to the
Ca-'ent Of prosperity.
o,t seentrste thought, purpose and
"a r.sh ne advises business, and "lay
M II ash hands upon wagesi"
la was largely because Germany
M be "er Industries the operating end