Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-03-09

The present decline In commodity
prices Ia but the natural result II the
unsound economic conditions tina, grew
on, 81 an unprecedented war.madc a..
fnand. II II the inevitable and only way
out. an essential preliminary 10 the
restoration q sound and active husl.
ness: and as the prices ~ the products
az labor decrease labor must accept lis
share OF the reduction The r,adiust.
mont must be- general. Il u unavoidahlo.
and 60 delay II greatly win h. more
than hurtful. The sooner We arr
through with Il the quicker We can get
down 10 normal and substantial bust.
ness once more.
Although the outlook il most oncour.
aging. Foreign exchange conditions are
beginning 10 show an improvement and
by the time our crops arr harvested
next fall Europe should b. IN a posi-
tion 90 absorb her usual percentage OF
them: the railroads. ON soundor
financial and operating hasis that IN
years. Will b. easily able to move them.
and a great merchant marine will L.
available for their overseas transport
our banking system has passed safely
Through one OF the greatest crcdi,
strains In its history; the fruits 81 the
last six years Of unprecedented pros.
peri;y will BE- available Ter business cx'
tension; every condition points 10 an
early and exceptional activity.
Business needs more than anything
else an Injection q optimism and en-
thuslasm. OF late IN, busln ~ world
has been suffering from a sort Il per
nicious pesslmisn,. business men have
acquired the habit OF looking always
as the gioouiies, side Of things II IL a
state Of mind that must b. put away
We must have n renewal of vigorous
land aggressive confidence.
Save IN n comparatively few lines
there Il ne marked ovcrsupply 81 com
moditiss Reduced prices are inducine
heavier consumer purchases and within
a comparatively short time the retail
ers win have unloaded most of their
surplus stocka This means an lnevi
able renewal Of demand and Industrial
setivity. Our domestic volume. while foI
many lines there Ia tremendous for
ian deGnnd whose supply IL for tbs
present shut off by adverse cxchang,
conditions. that will no, last.
stablilxlng Of prices % the chief stu
bles nj new and more nearly norma
fveis cannot but bring n resumption
N fairfy good business for some consld
krable time. providing labor consents &,
ldiust Itself 10 the changed condition,
u business has been forced 10 do
fuch win depend upon the clear.head
dncss % the mon who direct labor,
ourse. The way has been paved. ir
irtuaiiy every other direction. for bet
er things.
One q the greatest lessons OF oul
ar period experience has been the tire
cndous importance ~ greater an,
bore permanently established foreign
ade. Before the war thrust upon TN
merican manufacturer a demand fo
hich he had mace nc effort and II
hich he was It'll. interested. general
: speaking. he had been content fo
70 most part with his domestic field
consumed his production under nor
al conditions. and he was Statistic,
that He did not see the use q wan
ring away into new and strange mar
its abroad. which h. neither under
God nor needed. He had listened viii
ore o: less Indifference and no r.
sonsive interest 10 the oft.rrpoa;ed d.,
rations OF the leaders IN export TIN
y ~ery American manufacture shoul
finiteiy allocate a portion OF his pro
ction FOR sale abroad Possibly NJ dii
rent times Of depression at home o
Accumulated surplus. he had trie'
experiment Of consigning this "a
y stock 20 some foreign market. an