The Ordway new era., 1919-12-12

trade has thus been greatly increased
and Europe has been deprived of til,
means of meeting it heretofore exist
Ing.
To Develop Market.
Europe can have only three ways Oi
meeting the favorable balance of trade
in pence times; By imports into this
country of gold or of goods, or by
establishing new credits. Europe i,
in no position mt the present time IL
ship gold to us nor could we contem
plate large further imports of gold int
this country without concern.
The time has nearly passed for In
ternntional government loans and II
will take time to develop in this coun
try market for foreign securities
Anything, therefore, which would tend
to prevent foreign countries from set
tling for our exports by shipments OF
goods into this country could only
have the effect of preventing then
from paying for oar exports and
therefore of preventing the exports
from being made.
The productivity of the country
greatly stimulated by the war, must
find an outlet by exports 10 foreign
countries and any measures taken "a
prevent imports will inevitably curtai
exports, force curtailment of produc
tion, load the banking machinery OF
The country with credits to carry un
sold products and produce industrial
siagnation and unemployment. If we
want to sell, we must be prepared Il
buy.
America Greatest Capitalist in World
Whatever, therefore, may have been
our views during the period of growth
of American business concerning tar.
If legislation, we must now adjust
our own economic life to n changed
condition growing out of the fact that
American business is full grown and
that America is the greatest capitalist
in the world.
No policy of isolation will satisfy
the growing needs and opportunities
of America. The provincial standards
and policies of the past, which hav,
held American business as if in d
straightjacket, must yield and give
way to the needs and eNigencies OF
the new day in which we live, II day
full of hope and promise for Ameri
can business, If we will but take ad
vantage of the opportunities that ar,
ours for the asking.
The recent war has ended our iso
lation and thrown upon us great
duty and responsibility. The Unitet
market. The United States desires
for itself only equal opportunity witt
the other nations of the world, ant
the process of friendlq co operation
and foreign competition so the legit
innate interests of all nations concerne,
may be successfully and equiiably ad
iustcd.
Must Give Relief to Returned YanKs.
There are other matters of import
ancc upon which | urged action at tn,
last session of Congress which are still
pressing for solution. | am sure 1t Il
not necessary for me again to rcmin,
you that there Is one immediate an'
very practicable question resultin;
from the war which we should NEE
| III 'iif hiNSi iib'ih hl Hi'iiiA. II 10 u
ter of recognition and relief to our sol
diers. / can do no better than TO quot
from my last message urging this Yer.
action:
1--WE must see to it that our return
ing soldiers are assisted in every prac
ticable way to find the places 70
which they are fitted in the daily worl
of the country. This can he done b,
developing and maintaining upon nj
adequate scale the admirable organiZa
| tion created by the Department of La
Dor for placing men seeking work; am
1t can also be done, in mt least on
very great field, by creating ne,
opportunities for individual enterprls,
Urges Support for Secretary's Plans
"The secretary of the interior ha
pointed ont the way in which return
ing soldiers may be helped to fun