Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-03-20
|DE Of WORLD s
|T|ONs DEPENDS
| UNITED STATES
J cot NTRy ~ INESC APABIE
sPONSIBiIITy ~ COMMERCE
on All NATIONS.

ht The Industrial intordcpcndrn,c
be- trading nations uf the world
40 incscapabls responsibility on
United States as the principal
Tor nation and has a vital bearing
b. future progress ~ our foreign
ess Is emphasized hy "a, Guaranty
Company OF New York bon the
mt issue ~ American Goods and
Ism Markets" its scmlmonthly in
tional trade survey American
|try can compete successfully with
81 any other country" a., bank
'and n We are a. develop and
tain adequate markets frr she vast
user ~ our fields factories and
> W must fnrlossly invite ana
foster this competition by strength
for,,gn productive machinery"
= survey says, On part Tho pro.
W capacity ~ the United States
Increased more rapidly 900 th, last
ears than the consuming capacity
standards II living have risen and
national wealth has Increased dur
he decade. but not sufficiently io
|dc domestic markets fur the new
cat,d surplus of production. New
pmers can absorb q portion 10 our
II goods and cd customers can con
90 take their shar. hui % mus,
nrne in mind that only a- Europe.
oldest and best customer D. indus
y rchabilitaied can American Ob
In full measure the benefits % Der
tor position
e maintenance uf this cooperative
est IN foreign production and con.
ption Is Incumbent on the manu-
krcr, the farmer, the hbor,r and
fsxport,r-ihose naturally affected
my Improvement az decline ln 90
hal conditions Curiailrd opera
In any 81 the basic industries %
|pcan countries are inevitably o..
III In varying degree abroad. The
81 the British textile industry.
xamplc. has IT, effect on the bust
~ American cotton growers and
ifutrrcrs q machinery, and. indi.
b. ON the railroads, financial and
ibuting agencies. etc. The same IN.
Hncndence can be- traced through
natoriiy % the leading industries of
pther European countries
cooraging steps which viii assist
po IN regalning her former indus
position have been taken during
last year In the organization II Va.
corporations Tor the furtherancc
n export trade. Their operation will
arily BE- u serylco In removing cur
gn business from the unsnund
term credit hasis on which Il has
maintained since trade became ~
lanccd But indirectly. they also
assist European countries a. place
stry oncc more on a firm fuoilng
n will be an important step toward
Ultimate return u commerce 20 nor.
conditions.
nericas machinery for financing
gn trade has been greatly expand.
uring the last three years. Cor
fions for foreign trade now IN
Ation have aggregate capital and
us u more than so million dollars
organizations announced since the
81 this year. including the Foreign
y Financing Corporation. propose
u more than $4,000 0Oo u capital
surplus % this figure. This prep.
on for the future Of Americas Tor.
trade has been accompanied by a
growth u the market Tor accept.
about five billion dollars worth Of
h were used during 1920.
y United states cannot. 81 course.
any immediate and direct cure for
pes economic and industrial Ills
country Il. however. In a better
Ion than any other force In ihs
to take stock IN Europc's indus
future. TO assist her IN rcgalninp
former productive efficiency. and
by lay the foundation for futur,
nsion on a sound basis q our bust
In those most important markets