The Washington herald., 1921-07-17
Must Improve Foreign Trade.
CONTINUED FROM PAGE THREE.


would be triple prewar food exports and would repre-
sent the equal of more than per of whole pre-
export trade.
ut seems to me that it was inevitable that the balance of
the forces work in Europe would improve their ability in
competitive manufactured goods Their production costs
bound be low both by organized industry Dy
lower standards living Some of them are today through
government subsidies, ar6caiy low and will undoubtedly
If anayze the effect of these forces the
market for manufactured goods either in Europe in
much larger market outside OF Europe quickly had
directions in which occupy position of some secu
y The first is those exports Of lower production costs
which the result of great repetitve production which
has its firm IN consumption Tte second
in that large number OF special manufactures in which the
inventive genius and skill of people have been developed
beyond any country in the world.
"As to our manufactures containing large element of
labor in which do not enjoy special advantages we
must look and take measures of We can no
doubt devise tariff that will protect domestic
market But ii we arc hold foreign markets in
this vast group OF Our manufactures and thus to keep
people employed harc Hra things to attend to.
Fundamentally, get production costs
down. That lies only along the road of increased efficiency
whole industrial machine 1t willingness of
working people put forth every effort that in them
consistent with health proper family life and good citizen
ship The road to continued high wage and the
safeguard against unemployment is to every
restriction effort This must extend from mines to
the railways the factories to the wharf and TO the ship
1T smaller margins of profit 1t that ul-
atcy have much lower transportation rates. 1t
have better organized marketing machinery
abroad under Americans themselves 1t the establish
ment of adequate short time credit machinery and much
more care foreign credit risks than merchants have
shown in the last twelve months 1t elimination Of
the great wastes in industry.
"For instance in the Atlantic seaboard alone by
the development of these great water and through
economics by electfcaton generally could pro6taby
tons of coal per if had the
age go it. 1t the government must remove as
quickly possible those unnecessary domestic burdens
upon commerce which the government is party by the
reorganization of tax SYSTEM the settlement OF the tariff
question the reduction expenditure through
duction of armament and through reduction of Shipping
Board losses and by the settlement by the of the
outstanding claims of our railways.
at means we must cease trying drive American ship
owners oft the sea with taxpad shipping losses We must
carefully determine what particular trade routes will
maintain in development Of commerce period
of years. and let merchants know them. 1t tine
government must provide such information to commerce
and industry, from both at home and abroad as will en-
large its judgment 1t must extend scientific :e-
search into the problems of waste the perfection of
cesses the simpfcaon of methods that beyond the
ability of manufacturer acting alone and must
operate with industry perfect these things. conf
dent we can hold markets, higher standards Of
living and of wage if will all put backs into it,