Show Britian r Surpassed passed Forever by America In Commercial Rule fly sIn silt Y loNi-Y One of the not most r ad cOD cou- In itt Cre r reat at t aud said m member mb r of the t T London Sept So S.-So So rapid are arc modern modem mod mod- em ern rn trade trad developments that we find some difficulty In realizing that as S re recently recently re re- a as 18 ISS 1555 the tie United Kingdom produced as much Iron as the United 1 I States and Germany put together and that after atter tho the war broko broke out outS the relative rel rei position had changed so 50 greatly that Britain had harl fallen to the position poel- poel I tion of ot a n. bail bad ul third 1 In th the world worM of or I Iron with America easily first America rapidly was Increasing h hr her r lead leadS as S a producer r when tho thc war ar b be began begun be- be i gan gun and the circumstances of or the European European Eu Eu- Jou- Jou struggle Je were such Buch that Europe Europe Eu Eu- Eu rope made enormous sacrifice while bile America made enormous gains This Is not said by way war of or r reproach roach to our great all ally for we know well that thai If IC the war had unhappily continued continued contin contin- uel for another year car the tho United l States would have suffered heavy vy losses losse Nev the actual facts of oC the tho case are Bro plain During tw two and a I. I half years of ot neu ecu America provided pro the allies with food materials and munitions at a 1 great profit and canceled her old old- 1 10 tO British Investors At t the closing stages es of the tho war In Amer Arnor- lea ica took up the burdens of ot financing I the allies but not until Britain had I advanced ad something like to our friends In Europe In addition to selling out our dollar securities to finance Europe we have o become largely large rge ly indebted to America As 11 with trade MO so with shipping Britain lost tons b by anem enemy action while tho the United States lost only tons tone At th the tho beginning of oC the war ar the United States ocean mercantile marine was nu 55 a negligible quantity today It Is 13 a good second to our depleted depicted tonnage Before tho the War ar It was German competition which I was as the chief concern of or our export- export era Today th the talk taik is all of ut American competition We e hear of ot contracts b being be ing lost loat to America at homo home and abroad Pictures are re drawn of America merica becoming the workshop of oC the entire world That the American trading position position po po- po ha has been profoundly altered by I the war I Is undoubtedly true We 13 need I not be surprised J If the facts nfl fill man many observers ers with alarm I. I c L. L I LC I u i it I. I is 1 nui me no pO power power pow pow- er of the tho United Kingdom to win back the industrial supremacy which had departed before tho the European conflagration conflagration conna gration began be The natural resources of oC America merlc are Incomparably greater than our own on We Ve have o to earn by bv ex exportation exportation ex- ex a largo large variety of or essential materials of or which h America Is Js tho chief producer In the world These are arc facts which It Is Js not within tho the power ver of or men to change and it is Idle to de deplore do- do them It may bo ho remarked however cr that thal if iC America is the tue greatest producer of or man many things thing she Is allo one onO of the greatest wasters wa In In- the tho world as aa has been abundantly shown b by her own I official Investigators fn Fertility timber timber tim tim- ber coal oil Iron etc have been wasted wasted wasted wast wast- ed with such prodigality that It If sterner stern stern- er measures aro arc not taken to check the Irresponsible exploitation of or American Amer Arner- lean ican natural resources the United States will quickly find herself with man many less favored countries In point of or natural opportunity Just before tho the war ar It was officially daily estimated that the tho anthracite coal of or America would be exhausted In fifty years ears and the bituminous coal In a a. century Mineral lineral oil promises to have havo even a briefer life UCe and much of or her timber once the best in the world has been consumed Tho The best bet and second sec see ond best American supplies of or Iron ore oro will have disappeared long JonS' before an an- This Is a reminder that In tho the long longrun longrun longrun run men all over tho the world will have to earn their livings loss less b by luck and more mora b by science As ks far Car as the tho quite near future Is concerned such considerations considerations consid consid- do not avail a to alter tho the position position position tion whIch obtains to the tho overwhelming overwhelm overwhelm- In ing natural advantage antage of or tho ho United States Existing American commerce is 15 O ot or course abnormal and wo should not impressed Im- Im ourselves es to bo be unduly pressed by It America Is feeding and andI I supplying Europe without possibility I of oC immediate material payment The facts are arc extraordinary The latest detailed analysis I have ha from America for a a. month gi gives cs us tho the following curious statistics x 2 0 t. t I Count I tr r g O 4 0 0 0 United Kingdom dom 4 France In jl il s 35 Italy Hab 1 O 1 il 33 Belgium 1 Ol 08 Spain 1 L J I i 91 16 43 41 1 Ol OJ 9 Norway I 1 8 4 S Sweden eden u I IS IP p 0 All Including 1 J I I Ithe Ithe the above o mentioned I I countries Note ote Figures Ires Indicate million doll dol dot l lars r We c see that In n a single month America Amer ice ica Sent worth wor of ot goods to tol l Europe and Imported from Europe 11 K- K worth so that there was an cx- cx C cess 15 of or exports to Europe In a 0 single month of ur 3 We e need nee not wonder onder then at the condition of or ex ex- ex changes U. U S. S Show Shows Great Export Excess The excess of or exports export to the United d Kingdom alone llone In the mouth it will wilt willbe be ba seen een wa was a As for tor France Italy and Del Belgium lum these thell three thre countries received d worth orth orthor of or goods from America and exported to America the Insignificant value aluc ot of U I commend these European figures to the tho attention of ot those who are picturing picturing pic plc- turing British conditions as ruinous Th The fact La is that we are doing Infinitely Infinitely Infinitely better belter than an any European nati na na- na- na ti 11 tion 0 n. n It Is of ef t Interest to aId add tho the analysis of or American commerce In the same came month with the world at large Millions of ot Dollars Exports Imports Import Countr Country from Crom Into USA U.S.A. USA U.S.A. Europe J 83 North orth Am America rica 01 I South America 3 20 ao 10 4 I Asia Asia Oceania Ii 17 7 1 Africa 90 30 Q 21 1 Totals 60 2670 It will be seen een that there was nr no such d disparity c n Imports and arid exports export In connection with American commerce with other cr parts of or the tho world and that as s far as North anti ami South America are tiro concerned their exports to the United States were Jar larger cr than their Imports from Crom the tho United UnIte Slates Europe 14 64 c Per Dent nt America m exports to Europe accounted for out of oC a total exportation exportation tion of or So that l Europe took Ci it per cent It Is of ot course counse quite quilo clear that such commerce could not bo ho Indefinitely continued The United States Slates must either c cease ase to export or pile up hugo hUJo and useless s credits nit h. h t h re resources h has v need d for r a certain rt t i Im irn- irn We may with advantage turn to an an analysis of ot her commerce In point of at kinds 1 Imports Exports 1 Foodstuffs Millions Millions P Raw w 10 tiO Manufactured 30 IS 2 Raw Haw materials 1013 Material for Cor further r Head Ready Heady for fot use use 00 1 1343 1 H Miscellaneous 21 lC IG Totals rotate Gi 59 As far as Americas America's importing needs need as exposed in this ta tab la ar arc co concerned it Is clear that the American merican exports are arc enormously greater than la 11 re required required re- re to pay for for them Wo We 0 have ha al also abo aboto alsoto o oto to bear in mind that America has baa now now- great invisible e exports to use UlC the tite term Invented b by Sir Robert Griffin Marine of V. V S. S I l Fast n ut utIn t tIn In tho the first place pIneo Europe has bas be become lit lit- come largely largel Indebted to her and Bud In inthe tho the second place she Bhe has become possessed possessed possessed pos pos- of a great mercantile marine which i is rapidly growing Before Defore the war American exec excess of experts was needed to pay interest on the tho dollar securities held abroad and to pay chiefly to British for Cor forthe tho the carrying of or the great bulk of her imports and exports In 1914 tho the American Amerlean Amer Amer- lean ican ocean oan mercantile marine amounted to no more moro than tons Now o in addition to having a a. greatly enlar enlarged ed excess of ot exports export of or merchandise disc dise she sho has largo large invisible exports Therefore she has s the power to to male make malea a great call upon the world for tor Imports Imports Im Im- Im ports and no especial need for tho Im Imports Imports un- un ports which she oSha he has tho the pO power r to make It would appear therefore that American exports of m merchandise must l be checked for lack Jack of oC the conditions of ot reciprocal trade On tho the other hand tho the need of or the lie United Kin Kingdom to export has become Increasingly urgent urge Despite the tho abnormal abnormal ab ab- ab normal figures which we ne have ha re reviewed so re- viewed there hero Is Js really rc no reason to suppose that Great Gre-at Britain cannot CJ find nd In a world of or expanding I trade rado much greater markets than it enjoyed before the tho war Living Standard Standards to Advance After Arter all there arc only three great reat white while nations in tho ho world which po possess pos pos- sees sess enormous coal supplies supplies America Germany and Britain In the order named If H any of ot these three nations cannot make a good living in the world of or tho the twentieth century it must he much Its own fault Tho The twentieth century will probably probably ably witness before it is half spent an unprecedented dented advance In the tho standard of living Tho The production and cx- cx change chango of or commodities s is 18 9 likely to become become become be be- come so BO great as nit completely to dwarf the trade figures s which we e knew be before before before be- be I fore the tho war |