The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-12-21
These Are Days for Business
Optimism and Work, Says Bush

The preservation OF Il foreign
markets Is. II anything, more i'm
portant to labor than II Is to the own
ers Of industry, and the important
fact to everyone. labor included, IL
what the contents Of the pay envcl-
opo viii buy In the way Of comfort
and happiness.
II is far better to keep the
cost Of comfort and happiness on
a basis where It can be pur
chased In his country for no
more than It can be bought
abroad.
Labor, Capital VII lose.
II we do not de this, other nations
will undcrsell us In foreign markets
ana both the labor and capital OF
this country will lose hat part Of
their job which ~ representa- by
producing manufactured goods which
are sold by us to the people Of other
countries.
Barring tho war the world has laid
It's money on our counters N de-
mundcd our goods because we were
the only producing nation In a posi-
tion to supply their wants. This
period has ended and trade will re-
turn to it's normal condition, which
mems that we must compete for
foreign business.
While his period of readjustment
II going on, some people who have
been skating on thin ice may get
their feet wet. We will not have a
panic In the old acceptance of that
term,
TIE term panic" In days gone
by has been associated with an
actual inability to get Il recognize
ed cii llating medium. The ig-
norunt have besigcd the n
for something they could take
home n count.
That was because we had n poor
banking system.
Will Prevent "a Jolt
with the federal reserve system in
action the necessary circulating
medium can he provided and the
brakes can be applied with sufficient
care to prevent everybody from being
ioltcd out OF tnsir seats.
our blessings have been r%ccuuntcd
so often that everybody should know
them by heart, hut when II nan feels
blue about the future of this country,
IL Is wise to sit down ana count them
over again, recall the days before the
war. when the people Of the United
States owed Europe vast sums for
money loaned tn us for the purpose
OF developing our resources me when
we sent hundreds OF milllOnS OF uui-
lars a ear abroad TO a the inter-
est on this borrowed principal.
Today that debt is paid and We are
the chief creditor nation OF the world.
From u money standpoint, We
can look the world in the face.
Tho essential thing for MS TO pre-
serve IN that greatest asset of all
tho spirit of America. This
country mas not grown great by
sitting d wn and talking ubout
It's resources. II has grown be-
cause its people have rolled up
their sleeves ana worked.
Spirit, Courage Needed
We are In "a position to withstand
a money panic and, In fact. any kind
of a panic, except of our spirit and
courage. When we begin to believe
that we can produce without work.
and are entitled to comfort and lux
ury without putting our backs and
brains into II, then the danger signal
Is indeed set.
The man with the right stuff in
side OF him thrivcs under a little ad-
vcrsity. Hc cuts out his foolish eN-
t~ravagance n gets down to real,
honest work. And II nation Is but "a
collection of individuals.
Those who are worth while will
come through with "A new courage.