Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-01-11
From the Manufacturers Record

(From the Manufacturers; :Record.)
i While America is richer by reason
of the war, England and France and
Italy and Belgium are poorer. They
are infinitely poorer financially and
in manhood, for millions Of their
very foremost men have died on the
battlefield. or have been permanently
invaded. Many years will pass be-
fore they can fully regain their loss
in man-power. and 1t will be genera
tons before they car create wealth
sufficiently great to wipe out the In
~debtedness of the war. unless per-
chance they can put the entire finan-
rightfully belongs.
America, on the other hand, is in
finitely richer by reason Of the wal.
It's bonded Indebtedness is small as
compared with its Vast and ever-in-
creasing wealth. AS n result OF the
two years during which we were &C
cumulating billions of wealth through
selling our products to Europe at
enormous prices we were pillng up
riches untold. Our vast manufac-
turing interests became still vaster.
and when we entered the val the ma
ton was prepared for IN expansion
of manufacturing output due to the
increase of our munition and kindred
plants which had been called into ex-
lSLeIlC0 lDl supply Ing l1lS <AlA4SS 4
war materials.
! been enormously developed during
the last Jour years. We are. there
fore, the richer in having many great
! plants with a far larger output than
prior to 1914, all paid for out of the
profits of what we sold to the Allies
or of the profits made during the last
two years. The e~xpansion/of Ameri-
can industrial plants has, therefore,
been practically without any invest
ment of new capital by these con-
Germs. Their profits have taken care
of expansion.
This material side, however, is only
a very small element in the profit
and loss account of the nation as q re-
suit of the a
On the loss side we have about
j 800, 900 casualties, including deaths
and wounds. Many of the wounded
men will completely regain their
health. The number killed on< the
battlefield or who died of disease as
~ result of the war is enthusiastically
small as compared with the popula-
+, ton of the country OF the sufferings
Of the Allies. We have lost these
heroic men. and the nation honors
, them to the extreme. but when We
look broadly to the country as q
"nOlS we ledIlLc lIial Al AIN
these men the nation has come into
a larger and wider life.
We are richer in q orldWl Wis
ion than VIC were in 1914.
F, We are richer in international
! thinking. and we know the world as
, we would not have known it in hall
"a century of peace.
We are richer in the knowledge or
the vast power of the country; rich
err through the sacrifice and the sense
of duty developed by the war.
We are infinitely richer in pa.
triotism, richer in the knowledge or
| world problems and the realization
of individual and national owe to
achieve things. ~
We are richer in the education
which foreign travel and a study OF
conditions in Europe have given 10
more than 100000 Americans. most
Of whom would never have seen Eu-
! ropean life. They are the broader
for this education and their influ-
ence will be tremendous in shaping
American affairs. They have earned
| the good and the evil side of foreign
life. They have learned wherein Eu-
rope is in some respects ahead Of
+; America, and they have learned