Evening star., 1933-04-11

The Government Is simply the last en-.
terprise Of the people to follow suit
The Federal Government gets its finan-
cial support from the taxpaying public
and must Of necessity, therefore, adjust
expenses to conditions in industry and
commerce.
Courage Replacing Fear.
Business and commercial agencies
everywhere are profiting by their study
OF the factors that have figured SO
prominently in the progress Of the last
80 Gays. Courage is taking the place
OF fear; confidence Is driving of the
specter Of panic; and action, rather
than supine submission to the attacks
OF fate, Is becoming the order of the
day. Courage in the face of adversity
confidence in the destiny of the Nation.
and a capacity for taking prompt and
efficient action are not fundamental
qualities that have suddenly been ac-
quired by our people. They are traits
that always have played a vital part
in the steady advance of the United
States to the position 1t holds today
among nations. Yet these character
istics in recent months did appear to
be submerged. Strong, clear-headed
leadership was evidently needed to give
working orders and to bring these in
herent qualities again to their domi-
nant place in American psychology.
Developments during the last few
weeks have done more than restore the
confidence of the American people.
They have convinced the rest of the
world, too, that the leadership Of this
country is in competent hands States
men ana economists abroad, who had
begun to regard with concern the ap-
parent inability of the United States
10 set its house in order, are now
joining in expressions of admiration
and respect for the new spirit that ami
mates our Nation.
II is indeed a matter of more than
sympathetic interest to other nations
tnat this country should advance
along the road to recovery. All the
world has been going through the same
sort Of troubles that We have. The
economic difficulties Of one nation have
their inevitable effect upon all. So,
TOO, II a country whose world position
Is as important as that of the United
states can lead the way to recovery.
beneficial effects are bound to be felt
IN other parts of the world. This is
especially true when we include among
The measures We are taking to restore
prosperity here at home, program of
lntellgent international cooperation.
1t is futile to talk of ending the de-
preston here or in any other country
10 q satisfactory extent without study
ng means for the restoration Of inter-
national trade. The stagnation Of the
movement OF goods between nations Is
1ot only one of the most serious re-
suits OF the world depression, it Is at
he same time q fundamental reason
'or the prolongation Of this unhappy
'tate of affairs.
Not Complicated Matter.
There is nothing complicated about
his relationship between the prosperity
,f country and its trade with the rest
II the world. Let us see how it works
,ut in our own case. The United States
pliers the greatest market that the
world has ever known. No other nation
has ever advanced to a state where so
many of its people are able to satisfy
heir wants by the purchase of goods.
Therefore, If 1t be possible for any ma
ion to prosper as self-contained unit,
ieveloping its resources for the exclu-
i've benef1t OF its own people without
,rying to export its goods, that nation
S the United States.
But apart from the importance of
,ur export trade in manufactured prod
lets, American agriculture is also de-
pendent to great extent upon for
eign outlets for its products. Even
ast year, when the value of our ex-
ports had shrunk to the lowest point in
more than quarter of a century. for
ign markets furnished means of SUBJ
dStence to important groups of our
arm population. During 1882 in spite
u unparalleled handicaps, more than
.ne-half Of the raw cotton produced in
he United States was sold abroad. So
vas more than one-quarter of our leaf
obacco and like percentage of our
log lard. One hundred and thirty-six
million bushels of wheat-more than
to foreign markets.
The. problem of restoring the pros
verify OF our farmers with their pur-
hasing power is one of the most urg-
mt endeavors now confronting this |
Nation. The farmer needs to get more
or his labor. and the entire country |
ealizes the importance of this start |
ng point in our economic upbuilding. |
The farmer himself needs also to real |
ze that controlling influence to be ex-
rciSed by him are a more intelligent |
equation of production as well as a |
ess restricted foreign trade Our cotton
,rowers, for example, may by crop-pro-
luction control be enabled to obtain a
air return for that part of their crop
onsumed here IN the United States, but |
hey cannot be wholly prosperous un-
IL they can sell at a reasonable profit |
he so per cent of their cotton which |
must be shipped to other parts of the
world.
The value of all American exports
n 1892 was less than for more than
twenty-five years. Our purchases from |
broad in 1892 were at approximately |
he level reached during the years 1906
o 1910. Let us not make the mistake |
If ignoring this great decline in our
purchases from other countries when