The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1918-11-19

RICHARD SPLLLANE, editor
of "Commerce md Finance" the,
Nc,c York nccLly, has been en-
gaged to qrrite tlrO or three arr
iiclcs q ueek for the The Tribuz:.
and associated members of the
Newspaper Enterprise Association.
SpHlane has ncrer gan,bled a cent
in Wall street, and he 1crites from
the standpoint Of the ordinary
man-not the business pofeatdte;
net his arOrds are real eagerly ty
the most prominent and p0tcertut
fnanciers.L We are sure you 7ritt
be greatly interested by arhat he
has to san about AMERICA'S
, PROBLEMS or PEACE. Watch
, for his merit article.
Most Of the things about which we
worry never happen. In l914 when
the war began many men Of high i'll
telligence predicted world bankruptcy
if the conflict lasted six months, world
destruction if it lasted a year.
1t has lasted nearly four and half
years and neither of the dread fore,
casts has been verified.
l.
after-the-war conditions, fearing troll'
bic in weaving back into industry the
millions Of men we have in the army
and navy. losing sleep over fear OF
wages being reduced, Imagining all
sorts Of disturbances, are as certain
to be COMPOUNDED in their fears as
were those who saw world disaster il
the world war.
America is vastly better prep
pared for peace than it was for
war. The transition from q war
basis to a peace basis will bring
unsettlement in various line Of in.
dustry, but readjustment' will be
must easier, much more rapid
than generally expected.
There will be plenty of work for CIV
eryone to do. There is no reason t.
fear what we term hard times. as q
result Of the war. Surely there is ne
danger Of such Il condition within the
next five years if the American ped
pie are prudent and resourceful. They
have not been prudent always, but they
never lacked resOurcefulness i'll tho
last few years, they have shown Il pru
dence greater than they were sup
pOsedttO possess
EXPANSION, NOT CONTRACTION
OF BUSINESS, OUR PROBLEM.
Americas present problem is no
one Of preparing for contraction il
business, but very great expansion il
business. No nation ever had such op
portunity as this one has today.
Let US take look at America. :
Here is our 4S states we have NOR,
than 10O,OO00O0 people all, practical
ly considered, speaking one language
all animated by the same ideals ant
purposes, all within reach Of the liter
ature put out by our great nationa
publications, all easy to supply through
our transportation systems Of railroad
trolly, and automobile. Nowhere il
the world is there so big market 70
the manufacturer and supplier t
reach so quickly and SO easily.
| Our domestic market has been so bi
and our growth has been SO rapid tina
heretofore we have given attention t
the foreign market only i'll periods Q
local depression. So soon as thos
passed we"have neglected the foreig
market and been satisfied with our dt
nestle trade. ..l5
Nov, whether we want to or no
we must supply the world. Nowher
on earth Is there SO much raw mater
ial so easily obtained as here. Gu
| wealth in iron ore, in copper and othe
fmetallic deposits is colossal. No Otl
er nation has SO much arabic Ian,
No other nation has such manufa
turing facilities. No other nation Ina
such financial strength. Our nation.
wealth is greater than that Of All
other three nations combined.
d What foreign trade we have engage
in heretofore we have conducted III
der handicaps Our goods have bee
carried in vessels owned and operate
by other nationalities. Our foreie
commerce has been financed thrOue
banks Of other countries. Our agen
have been men of other climes.
OUR DAYS OF TRIBUTE TO
FOREIGN TRADE GONE.
Now, for the first time in histor
we are becoming possessed OF a me
camille marine Of size cOmmengu
able with ont world position. We a
beginning, only beginning, to get 0,
own banking establishments In f0rei,
] lands. In such foreign tfade as '
. develop hereafter we will not ha