Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-01-02

inc following Is an epltome oL the
best business thought of the nation as
voiced from time to time In interviews.
addresses and talks by the leaders OF
Americas financial. industrial and COM
mercial worlds. All of them are con.
structive and are aimed solely at foster
ing better international relations be-
tween American business and foreign
commerce and evolving methods by
which this can best be done.
THE United States has emerged from
the war with greatly increased share of
the world trade. Not only has this in
crease occurred in the trade with the
countries which have been at war, but
we are also supplying a much larger
proportion than heretofore Of the mer-
chandlse imported by the neutral and
non -manufa curing areas of the world
The increase in our banking facilities
abroad, which was almost simultaneous
with the opening OF the war; has already
had its effect and is being Increased in
its activity and usefulness and each
year shows an increase in the share
"nlCn tne l Hlleu StdttS Is SupUlNlHk VI
the imports of the non-manufacturing
world.
"If this country is to hold its trade
advantages in South America, the
Orient and in other parts of the world
obtained through the circumstances OF
war. we must be prepared to invest
money in these countries. South Amer
lea needs modern municipal improve
ments railroads, waterpowers and money
for the development OF its industries.
China, with its 4OO.OO0,OOo of people,
needs capital and organization to make
II foreign market of limitless possi-
bilities.
ITO develop a substantial investment
market in this country for foreign Sc
curities requires the education OF our
people TO the vital Importance of these
investments as n means of building mar
kets for our surplus products. The peo-
pie Of this country must learn TO under
stand that the future prosperity of the
country depends upon ability to compete
successfully in these foreign markets.
This campaign Of education must be car
ried on continuously, for it is only
through such broad and general edu-
cation that interest can he developed
in the foreign field
Assurance from finance and industry
that trading in foreign countries will
have the support of their respective re-
sources will be an inducement for the
upbuilding and development Of n guild
Of American merchants with establish
ments in all of the distant countries
whose business we have the qualification
to build for. Our prosperity depends
constantly more upon industrial activity
in proportion as an increasing popula.
ton makes greater levy on the products
Of the soil
Cordial recognition IS due TO the men
who have developed a large industrial
system. which is the glory of the coun-
try, and of its own necessity the basis
for an enlarged foreign commerce. in
which It affords us justification for as
piring W leadership.
AS nation we must realize that we
were living, up to the outbreak of the
war in very narrow and provincial
atmosphere internationally the Monroe
doctrine was our political decaloque and
NO Entangling Alliances our daily
diet. The average legislator regarded
the postoffiCa at Hicks Corners. serving
the needs OF fifty people as of more i'm
portancc than the United States embassy
In London: the deepening of Squirrel
Creek, to permit of an annual picnic for
his constituents. of greater importance
than arranging that a forty-foot draft
steamer might enter New York Harbor.
'"The Y. S. A. ego prevented proper
appreciation of the broader relations and
duties which ought to inspire us as a
nation. We were not taught to consider
our responsibilities, or even our rela-
tions. TO the rest of the world No other
nation. no other peoples, no other gov
ernments Countcd--we were all-in-all
and self-satisfied. We gloried in our iso-
lation. We were not one of family
of nations-we We're the family, and an
others poor relations with whom we de-
sired to have no dealings.
"'The key to the solution OF our ma
tional problems in the financing OF ex-
ports and other problems encountered in
the general foreign trade connections
clearly is to be found in the ideas of
organization and operation-organi-
Zation within and cooperation between
the different national interests which
would be concerned in proper extern
sion of American trade in the CONNER
cial channels OF the world.
we don't want German cartels or
German SuDNentlOnS or herman efrclency
any more than We want German kultur
or Prussanzed dieties or the goose
step. hut the idea back of the German
cartel and back of German efficiency
we do want, not because it finds express
sion in the life of that regrettabe
nation, but because it is sound and was
recognized as such by civilized man and
nations az a time when the primitive
ancestors of the Huns of the twentieth
century We're terrorizing the peaceable in
habitants' of northern Europe with war
club and spear instead of with the gos-
pei of terrorism and human depravity
as now.
In Germany, Great Britain and
France the importance Of organization
for foreign trade and financing was
learned long before we Americans were
awakened to il. BY force of circum-
stances we are learning It now, and we
can begin to give pointers TO our teach
ers. Let us be careful, however, not to
lose any Of the ground gained The COM
petition is going to be keen"
Nature Notes
The nightingale's notes oyerbubble the