The Bridgeport times and evening farmer., 1919-04-10
AMERICAS TRADE SITUATION

A MONO THE who give economic and financial "A advice to the people of the United States speaks with accurate understanding of certain economic diticns than The National City Bank of New York;
 The Hmes-Famer has often explained that the enor- trade balances in of America cannot be paid gold that they must in the main be paid in commodities that of it's readers must by this time be familiar with the fact
 The United States is supplying Europe with sary commodities is running and must necessarily run a charge account.
 goods paid for payment must received in other goods America must do shop business and take possession of commodities plants houses land and other forms of capital Europe
 The United States must says the National City Bank goods securities both; remit it's debt
 But in this simple statement is contained the destruction of that ideal peculiarly England the ideal well represented and frequently explained by the late E. Hill, trade by Mr. Hill America always send abroad more commodities than she received from abroad.
 The United States is creditor nation. promises to remain such for long time. The position of the who owes, and the owed, familiar anything is better to be owed than to
 Europeans will make things and send them to America in
 
 But this program has draw backs It wouldn't have backs if American industrial organization had attained the art of keeping itself busy, but it hasn't.
 Because Americans haven't keep busy they hate to have the negbors send in pic, cake and four because conditions of inferior organization being home
 observations are not adapted from the views of the National City bank but aided by this newspaper
 The National City Bank suggests that the flow of European goods may be diminished by vesment in European securities but also perceves that investment must in the end aggavae the disease that to be cured.
 Investment European securities is the pawn shop prin cpe already referred to- Europe can't pay gold can't in commodities, therefore European property collateral and but property much value, under the conditions collateral be taken That to productive property must be property which yields income from year. property which will continue to increase the amount Europe must send to Amerca property which will subject to confscaion, if there just German property America has been cOnfiscaed property that until comes and that will be increasing incen tive toward
 Plainly there is but kind of payment day In and day out payment in commodities; American investments in Europe must be strictly limited amount unless perhaps
 There's the difficulty. The future grows dim. the League of Nations Perhaps may solve problem There never be large international investments ital unless permanent world peace is assured.
 declaration of by debtor nation; the confiscaton of enemy property things quite certain, esoppng nterna tonal investments, if the old system of ghtal continues
 The high tariff ideals of the late Mir Hill verv very dead The logical of events has disspaed economies dew is disspated under July
 In The Times of tomorrow will appear, this page views of foreign trade and changed conditions views expressed in the bulletin of the National City Bank.