The Bridgeport times and evening farmer., 1919-04-18
PROFITEER AID
 TO BOLSHEvIkI
Secretary Redfeld Warns Country to Go After
 Price Boosters.

New York, April 18-The profteer is one Of the chief periIs of the pres ent stage of American commercial re- construction, according to Secretary William c. Redfe1d of the Depart ment of Commerce, writing in the current number of Investor and Trader" on the probable effect on the Peace treaty. The secretary's state ment, however, is most optimistic as to the country's business future, call ing attention to the fact that the con- dition of the country is sound with bank resources never larger or more liquid
 We have a great loan to face and heavy taxes to pay, but we shall meet them fearlessly and successfully and in a few months shall find that our faces are turned toward a, bright and prosperous future" he continues.
 How can We help, each of us in this period of reconstruction? One way is to talk and act as optimists, for the chief thing needed is conf dence. The profteer has no place among us now. Go after him wher- ever you find him! He it is who plays inti the hands of the Bolsheviki He it is who provides a basis for the I. W. W.
 Do not try to sustain prices for the sake of a large profit. That pro longs the agony. That prevents the return of confidence It is better far to lose something for a month or two than to prolong the hesitation for six or eight months or a year. Business now faces an opportunity for a sacri- flee. temporarily, Of personal profits that the greater gain may come when the buying movement starts Business can aid the buying move ment, can stimulate it, can bring it nearer by letting the public know it will be met halfway.
 ''There is no doubt, hunanly speaking, that prosperity lies ahead for America, but there is yet an un- solved doubt as to what use America will make of her prosperity Do we think of our sister nations as 20 years ago a trust magnate thought of the concerns whose business he would like to grasp? We have outgrou1l that In our domestic commerce. do not speak Of it as being illecaI-it is more illegal today in the minds of the business men than on the statute books, but when we get beyond the three-mile limit, are we going to be Seo 4cl SiIlNsbllCGtl III our thought as we are at home? Can we carry the spirit of American law where the law of America does not prevail? If we do not, we may become fat and rich and possibly win the contempt of the world in so doing"
 Commenting in the same issue on Secretary Redfeld's statement Will liam R. Jones, the New York finan- cier, predicts that immedfa teIy fol- lowing the signing of the peace treaty the country will enter on one of the greatest periods of investment activi- ties in the history of American busf- ness.
 Ample testimony to this effect, D he declares, lis afforded by the sharp ! upward trend of security values since it became apparent that 8, peace con- pact could not long be delayed. Vol
 ume of trading in March for instance exceeded that of any previous month l since the United States entered the war or April 6, 1917.
 The United States is emerging from the war stronger than ever, in- l dustrially and financially In 1914
 we were indebted to Europe to the extent of more than $5,000,O00 OO0 | Today Europe owes us an amount in l SACeSS O1 9IV,OuV,VUU,UV UVU.
 The United States has more ! wealth than it ever possessed before 1 and as the world owes it such an ! enormous trade balance, no difficulty 1 should be encountered in maintaining g l the world leadership role. In fact the i United States is the only source of l rge-order-supply for most of the 1 worlds necessities. This applies to | machinery and railway equipment as ! well as to grain, meat and other food. 1 Stuffs.
 1 Moreover the April 1 crop report | just published broke all previous i records, pointing to the pro5pect ot l the largest crop In the history ot ! America As farmers are guaranteed ! $2 .26 a bushel for wheat and as food 1 animals are bringing enormous | prices, indications are that the Wes will have more money for investment 1 purposes than ever before"