The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1926-12-31

able to maintain our prosperity on 4
basis Of very high production costs
for long time to come, but the fact
that we are now the greatest creditor
nation in the world makes the cost
Of production in our country q de-
cidedly serious matter. The world
must henceforth pay large sums Of
money to America every year and
this can be done in but three ways
by sending gold, by sending goods OF
by sending stocks and bonds. We do
not want more gold and foreign coun-
tries do not possess sufficient gold
to send. Stocks and bonds will doubt
less come in large amounts but this
cannot 20 on forever. Goods then
must come our way and the force of
competition will be felt by US in for
eign trade and here 1t home. Only
through The tariff can we guide from
our ports the goods that will do the
greatest harm and let in the things
that will hit domestic output least.
Domestic Disturbances
We must realize that present favor
able conditions have been greatly
helped BY the steady and regular
manufacture and sale Of goods or
what is known a. IN even balance in
industry. A big strike or crop failure
or some such outstanding adverse fac
tor would. Of course, upset the pres
ent equilibrium OF trade, and the
weak personal credit condition of the
masses Of the people who have allow
ed themselves to get into debt to q
greater extent than ever before would
result in fairly seriously setback
We should recognize the fact that
while installment buying has helped
to bring prosperity about and that
while its sudden curtailment woulc
have bad effect, II has greatly weak.
ened the personal financial strength
Of great masses of people and viii
accentuate, the problems Of the mex,
period Of trial.
Outlook For 1927
Realixing that initiation does not
ut least now appear 70 be probable
development Of the, ensuing year
recognizing the fact that while Euro
psan competition IN growing, it will
however, fail to hit't bulls eye fol
some little time TO- come, and trust
ing to Providence that we will not ex
perience = major domestic disturb
ance, we may say with considerable
degree Of safety that 1927 should b
prosperous year. OF course, IL ma,
not be quite 60 good q 1925 or 1921
but we can do much less than WI
have done In 1926 and 1926 and still
be looked upon ~ the most prosper
GUS and happiest nation in the world
We are going. 70 continue, to hav,
easy money. We have every reason
| TO expect continuance Of good gov
eminent. Our building boom is o.
| the wane but on the other hand tn
change will doubtless be ut slowe
rate thwn come people seem to think
The outlook for agriculture is fairI
good although We have develops
some poor conditions In the South
Our export trade may suffer som
but the totals will still be very large
Industrial peace bids fair to tarr
with ~ for quite some time to come
Installment buying will doubles
still maintain It's active part In sell
ing goods. Production still 10 on .
even balance, although not quite s
ltRood Is some months back. ! Scum
and prosperous conditions in one lin
will continue to develop sound an
prosperous conditions In others. bu
probably not 10 quits the same extei
Is in 1895 and 1928. !.
In lo06 We had businsss scare !
April and May. In 1925 We had 2 Il
Of pessimism In March. In 1927 W
may very possibly develop the sam
ideas. White this feeling. Il itshoui
deyslop, may b. somewhat more just
fled in 1o21 than N 1879 and lSS
nevertheless the outcome Of the yea
will doubtless prove TIT any ecnsit
| cradle psssimism, Tor 1e35 was . horn