The Hartford herald. [volume] (Hartford, Ky.) 1875-1926, 1919-08-06
EXPORTS PASS RECORD
BY s200,O00,000
June Movement Staggers U 5.
Officials Who See Goods
Hunger Abroad

in excess of the record month II
the history of the country, have
staggered government officials here
While it was realized that ex
ports were climbing by leaps ano
bounds, even the department of
commerce exports who tabulated
the statistics were not prepared fol
the tremendous showing indicates
by the figures.
The June exports totaled $91S,-
100000, as against 4S4,00O,00O
in June, 1918. The record month
previously was in April of this year,
when the total was more than
$70O, 700.
Three Times 1914
The June figures bring the total
for the fiscal year ending June 80
up to the huge sum of s7,225, 0O0,-
GOO, as compared with $500, 000,-
600 for the fiscal year ending June
80, 1918. This is more than three
times the exports for 1914, the
last normal year.
Exports since the signing of the
armistice are estimated at about
$5,0OO,00O,0O0. The excess of ex-
ports over imports for the fiscal
year. 1919 was S4,129, 900, 900,
against $3,OOO,JOO,OOO the previous
year and less than $5OO,OOO,OOO in
1914. |-i
Imports for June were valued at
SECS, 100000. falling off from the
total of 100000 recorded for
May, but an increase over the $3.50,
100000 for June of the previous
year. N. ... .-.....--.-..-
Total imports for the fiscal year
just closed are placed at 5000
100000, as agaisst S2,94G,OOO,OOO
for 1918.
Shock to RcdfeId
The June export figures made a
deep impression upon Secretary of
Commerce Redfeld when they
reached his desk. He stated that
the significance in the figures as
respects the financing of these ex-
ports and the monumental task con-
fronting the nation should be suffi-
Cient to bring the country to 4
realization of a crucial situation.
Il am frankly shocked by these
figures" said Secretary Redfeld.
There might be a little tendency
to exult over them, but the real
significance is a deeper one and
more of a serious nature.
Have We Vision?
THE figures involve a tremend-
GUS responsibility and opportunity.
Some of our bankers see what is
necessary in the financing of these
exports, but others have not yet
walked up to it, When | saw these
figures l wondered if we had the
vision to grasp the situation. i
THE United States of America IS
ahead of its financial and CONNER
cial leaders, We are loaded with.
wealth. We have got gold, goods,
credits, and Notwithstanding
the world wants. The world is
starving for what we have.
81 have the case of Poland be-
fore me now. Poland has 5000
miles of railroad and no cars or
locomotives. Poland wants cars
and locomotives from US, but some
means must be provided by which
they can be paid for. Whoever
gets that business will keep it for
al timle, because there cannot be a
mixing on standards in railroad
equipment. Have our manufactur-
ers and bankers got the vision to
handle the situation?
THE world has had made in II
an enormous commodity vacuum.
We have used up in war vast guam
titles of commodities, and at the
same time we stopped millions OF
men from producing. The world is
literally starving, not only for COM
Inodities but for means to buy them
because the destruction of wealth
has destroyed credit.
IN that position we have the
and the credits. Are
we big enough for the job?
This country was never so
y ealthy as today. Here is the cali
Of the world to America just as
truly as when the Germans were
forty miles from Paris"
The department of commerce fig
lres made public today show that
the removal of wartime restrictions
caused a decided increase in the ey-
PORTS of gold, from less thar So
)OC, 900 each in April and May to
SS2, 100000 in June. Gold exports
Tor the fiscal year amounted TO
s1lT 100000 against 100000
'pr 1918. Exports of silver fell of
rom $29,0O0,0O0 in May to Sl3,-