The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1919-08-01

mands upon the money market not
crop moving, fall domestic trade, in
come tax payments, government fin
ancing and excessive speculation.
This presages plenty of use for sur
plus funds and insures a period of
the new year. Recuperation after
rapid than has been expected, and
while the depression in the latest
war has been greater than on any
preceding occasion Of the sort, 1t is
reasonable to expect that the pro-
cess of recovery will relatively at
least b a quick one. Some recent
estimates have been to the effect that
Europe may be expected to 'be on
its feet" by the middle of 1920.
This should mean a much more
speedy resumption Of large exports
and capacity for the re-establishment
of sound economic relationships in
international trade. Other factors,
too, Of a like nautre will undoubted-
1y be found to exist when the actual
adjustment Of our business occurs.
The solution Of the foreign trade
problem lies in the granting Of long
time credits to European consumers.
Up to the present time there has
been a general feeling in many parts
Of the country that this business of
arranging credits is entirely up to
the bankers. The bankers feel diff
ferently about It, maintaining that
they cannot attend to the matter
without receiving the cooperation Of
all interests concerned, which in
cludes manufacturers and produc-
ers of all kinds Of goods that Eu-
rope needs, and the investing pub
lie. The manufacturing and produc-
ing interests have thus far failed to
display the active concern and will
ingness to cooperate that are es-
sential II any Of the plans so FAR
discussed the to prove successful.
Appeals to Washington can ac-
complish little unless congress sees
fit to authorize the treasury to ad-
vance new and very considerable
sums to European countries. The
ten billion dollars authorized to be
loaned to co-belligerents is about ex-
hausted and the government has no
other funds for the purpose. Fur
thermore, the attitude Of official
Washington is said to be against any
new advances for foreign trade. the
Federal Reserve Board, in a recent
circular, stated its belief that bust
ness of this sort has now passed out
Of the stage where government aid
is longer possible and that it is en-
tirely in the hands Of banking and
commercial interests.
Trade Brisk and Active.
AL 1.-The important trade and bust
ness barometers report brisk re-
sumption of activity in every line OF
industry. Business momentum Is so
great that reflection must soon be
found in every remote section Of the
country. The crop situation is per-
feet, never has nature been so boun-
tiful and never has the buying pow
err of the agricultural districts been
so great as at present. The labor
situation is serious, additional unrest
and labor strikes making their ap-
pearance in sections which have here
tofore been blest with more than
their ordinary share of business san
ity. But the whole country Is so
prosperous and demand is so far
reaching that these troubles exercise
as yet only a slight influence. Fall
buying this year has begun much
earlier than usual, buyers of goods
complaining only of slow or partial
deliveries and manufacturers of sta
pies and OF luxuries are straining
to fill orders while handicapped by
lack Of wholly or partially manufac-
tured materials for their industries.
More than ever before, the light
of things active is practically roll
call Of the country's products, SUN
few lines as, for instance, iron and
steel, which Jagged earlier in the
year, now showing growing strength
IN buying, in prices and In output.
At most iron and steel manufactur-