The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1920-08-14
HOLDING WORLD TRADE

the fact that change OF conditions is
already at hand This country has
been able to sell everything it could
make owing to the curtailment of
production in the great manufacture
ing cen ers of Europe.
The hour is rapidly approaching
when this country will have to face
the competition which VIII be forced
by the work or starve situation in
those countries which have most felt
the effects of the war.
Labor is even more Interested than
capital in the crisis that is approach !
ing for labor lives closely to its day
to day income while capital must
Ihave an available reserve or he
couldn't be manufactures. If high
wages are to continue the man
lfacturer must be able to sell his
products and that means that large
share of the production cf American
mills must be sold for export.
Not only every mill owner and
every producer Of raw material is or
should be interested in the export
trade, but every man who works for
wages should know that unless the
United States can SUCCESSFULLY com
pete in foreign market prosperous
work and business conditions cannot
prevail at home. This country has
become the great creditor nation CT
the world and world market is as
vital to creditor nation engaged
largely in manufac uring as is a food
supply for family.
In a recent issue of the New York
commercial is long letter from Mr..
In. NJ. Nichols of San Francisco on the
Importance of holding fair share Of
the export market. Mr. Nichols is a
brother of w. II. Nichols of Benning-
ton and is himself manufacturer
and exporter. His letter is in part
as follows;
What does tlMade in the Y, S.. Al
mean tolhp n5fereign consumer Of
american products? sad -sas.4 mes
That depends has always depend
led. and vii always depend more or
Hess upon the aUali x and ,price, Of
what we have t., offer, and, to q con
/ siderable. extent, through Yhat niedl
inns and mon Wha! TERMS it is offer
Tea '
Dur ne the world war and the post
WAR period OF chaos in world trade,
The American producer has enjoyed
an unprecedented advantage, with III.
lis. a, spelling magic in some paris
of the world, and the word fAmegi-
Lean" admittedly held IN high esteem
and looked toward for sus enance in
lalmest every corner of the globe.
This circumstance supplied rs with
an opportunity did not dream of a
flew years since. Our name and our
goods have been thrust into the lime,
Light Can we graspTare we grasp
ing the opportunity VIII we keep
them in the limelight, and keep the
light trimmed?
Ii rests nnon6us TO produce the best
we can, sell for the least profit con
sis'ent with the maintenance Of our
national standards and make terms
that will be attractive to the foreign
buyer and at the same time adyanta
geous to us, bringing about and sup
porting condition wherein he two
prime factors of foreign trading, OF
any trading, namely the actual produc
er and the ultimate consumer, may
become directly allied in a coniidenti
al business relationship, coniidenti
direct, true and above board, wi N
Iall the cards on the table and nc fur
ther draws. with care to the full re
spect Of our. laws governing cont
merce, and the elimination OF all by
revenue, except that known as legal
or governmental revenue. we may
have to admit radical reforms hofo-e
We can couscieniously say that wc
are doing the best that is pGSsbla
toward this end
We owe it t. ourselves and to the
future generations Of AMERICAN Dra
Iducers, manufacturers and expor, ers
and the obligatcp rests upon every
man, little or biz, directly, o. how
ever remotely connected with any
phase of fore gn trade
For example, to illustrate the null
titude this obligation rests upon, take
shoe laces. The shoe lace is an in
! significant little hing, and half tbs
world gets along without them; but
! lthey exist in aston shing numbers
nevertheless Look beyond the little
Particle itself to The machinery tha
takes part in its crea ion, from cottor
| Ifeld machinery to that which form
the little tin clip at the ends of he
lace; or look beyond the machinery
| to the raw materials from field anf
nine down through an in'erminablC
| lsuccession Of productions and opera
| tions, to aud including the littlt
scrap of seel that goes into the tin
lest set screw in the most insign fl
cant wheel in The least Of the innum
cradle types and classes Of machinery
! necessary to this one accomplishment
not t. mention the avenues the lace
! must 'rayel through before it falls in
to the hands Of the ultima c consum
e..
| Merchants and monarchs have
thirs ed for world trade since time
Iimmemorial, and no matter how mod
La ,,i,,