Show S. S I AfTER TR WA WAR o ON VOLUME OF I EXPORT TRADE SA YS EXPERT L B OR PROBLEM TO PLAY IMPORTANT I PART ART IN NATIONAL REA READJUSTMENT I DECLARES LARES W WELDING RING FORMER PRESIDENT OF EXPORTERS' EXPORTERS AND IMPORTERS IMPORTERS' IMi IMPORTERS IMPORTERS' IM IM- IM- IM i PORTERS' PORTERS ASSOCIATION Herewith is another of the S-ies S pies ies of highly important and articles being published IbY The Iby-The fa The Telegram on the subject 1 After ter the War What War What for hAfter America erica articles a attempt to 0 analyze I what problems the United States I. I will be up against if she will hold I the world commercial supremacy I he he has achieved during the European Euro Euro- I I r ean a n co conflict nfl i ct I 1 I AMany Many superlative business men 1 I end nd economic experts believe that 1 t we ve must begin NOW to prepare to meet this problem Some of the them m most st noted and informed of these are i contributing ting a series of signed on this subject to our col col- We fully believe these to history making EDITOR I BY By y Welding Ring E for or The Tin Telegram and nd Copyrighted righted Im b Or the Ibe newspaper Enterprise AssocIation Without question the prosperity of he United It e States after the close of the K European war will depend largely largel upon up up- X r on the volume of oft i t r our export trade At the present f time it is very i easy f for r us to conduct conduct con con- 1 3 duct business with any foreign country coun coun- A h tr try uy because we t suffer little lilUe competition com corn petition from European Eu- Eu u- u 1 manufacturers s but at the time M i close of the war 1 this inevitable v. v r f competition must A be resumed A Upon how we LW are aie prepared to tod meet such compe- compe d lion lion- olf will m ci depend p end in in great part our r future ure ure prosperity here in ill the U United Limited it d States pos- pos x ww sin In greater quantity than any othy oth- oth country y of th the world crude semi- semi ro 11 and partly finished arti- arti cI and also make a greater variety completed articles than any other Up to the they b beginning of the European war our American depended for their business upon domestic trade trad always I IJ foreign trade as secondary n a convenience mainly to help out the dull dun seasons of domestic trade Statistics will show how how greatly changed this situation has bas become in inthe inthe inthe the last two years during which time our foreign trade has increased by almost almost al almost al- al most inconceivable leaps and bounds Of course at the close of the war American exports which have to do with the functions of war making must needs cease but there is no need 1 of our foreign trade falling off if we look ahead sufficiently are and ready then to export manufactured articles I for dally use in th the normal activities I of life I But we must be In p position t to create such articles in the best way out of I the best material and at a competing I cost I I To do this we are going goiri to be largely dependent on American labor Therefore Therefore There There- I fore labor assumes an important 1 position poI position po po- in the question of American I prosperity after the war and the laborI labor problem will be here as well as in the theother theother I other countries of the world the most difficult one business will have to deal j I with Since the outbreak of the European I war wages in the United States have been constantly increasing and it willbe will willbe be extremely difficult to convince labor it must take a lesser wage when trade conditions ape Je radically changed La Labor La- La I bor never looks upon a declining wage with favor even though prices decline During the past two years our trade with America China Japan andI and Scandinavia has greatly increased and I will c continue to increase until the end of the war But the close of the war will doubtless doubt doubt- i less release vast supplies of cereals now bottled up in Europe and cause a great decline in world prices which in turn will affect our farmers by b ba a lessened return for their crops This lessened return to the farmers will be reflected in their smaller purchases and this in turn tune w will 11 cause a lessened output output output out out- put by our factories One particular problem of or great importance importance importance im im- im- im is that of American tonnage I Up to the present year American tonnage tonnage tonnage ton ton- nage has been almost a ne negligible quantity compared with that of England Eng Eng- land Germany and Scandinavia But the i recent enormous demand with subsequent subsequent subsequent sub sub- sequent high freight rates has resulted in an avalanche of orders for American American Ameri Ameri- I can shipyards and during the next two years the output of these will be greater great great- er than ever before in history Germany it is said on excellent au au- au is building a large mercantile fleet to be ready for operation at the wars war's close close- in addition to her fleet interned With such an influx of tonnage freight rates cannot do otherwise than I decline sharply The Thle old adage adase T Trade ade follows the I flag nag has been proved a mistake th the real condition n is that trade follows the cheapest freight rate and the keenest salesmanship for the country offering its goods Taking a long look ahead it would seem fair fall to expect with the close of the war a period of depression caused by extreme uncertainty as to what business conditions will be during the first and perhaps th the second and third years History shows there there there-is is generally a period of or financial depression after a war but that the exhaustion of supplies sup sup- plies later causes an improvement in manufacturing conditions and then a Period of ot great prosperity ensues t In the end with our great population tion don and great host of skilled d mechanIcs ics and manufacturers who produce the best articles in the world with the in interest interest in- in terest of our bankers and the efforts of our exporters and our traders in iii general combined d we have ever every reason reason reason rea rea- son to believe that after a a. brief period immediately following the end of the war th the United States' States prosperity will be greatly Increased |