Show U-Boats U Cant Can't Wreck V U. U S. S Prosperity ty Says Expert liT lly Il Th TJ S e Ul u tm ewi Ire NEW EW YORK Feb 12 What 12 What will happen to American prosperity if Ir the kaisers kaiser's U-boat U threat against ships I la is carried out Has lIas this making history ln crisis brought a no great menace to tho the economic eco oco- welfare of ot the whole nation 7 Shipping circles here consider that th whatever v. the developments of ot tho the next few weeks week mo may be German Germanys Germany's s action contemplates t s the practical destruction of oC our most profitable torel foreign n trade trade- that with Great Groat Britain and France Dots Does this foreshadow a financial or comm commercial coll collapse pe tho the well being of ot every home In the nation One of oC the foremost authorities In America on foreign commerce WeldIng Weld Weld- In lag Ing Ring fling chairman of oC the tho executive committee of or the New ew York chamber of oC commerce und and member of tho the AmerIcan American Amerlean Amer Amer- ican lean Exporters' Exporters and Importers' Importers association association tion discussed brier briefly today for tor Tho The Telegram a few of these more serious possibilities of the crisis as It affects American prosperity To uTo lose loso an outlet to Europe for tor the products of or our Industry certainly L' L impair Impala that part of or our prosperity prosperity prosper prosper- lit ity which Is bas based on foreign com corn but would be far from merce destroying destroy destroy- In lag ing It My Iy personal opinion however Is that Germany cannot c even cen cut off oft this outlet Wo We Yo will nc never r tolerate such a n athing athing thing thing- as her dictating to what ports port w we ma may send pond our OUI ships K or how many ninny ma may sail all on tho the high seas stas And AmI I doubt that j shw h can enn enforce her decrees s s 's with submarines Suppose she has lion the rines which some of oC h her hel- i I claim I do not believe bellec she has s enough h fuel tuel to keep such a fleet a as that In ef effective of- of e operation And I doubt dOUht If she has hiatt that many Moreover she he cannot I I keep p her entire fleet continuously at i sea Hence though undoubtedly the submarines sub marines marln's can accomplish great reat d destruction I lion tion of or shipping I do rio not nut think they can completely l break l up nil alt commerce between the United States and the allies 5 But even If It the they should impair this thi foreign trade we would still have ha n a vast t amount of or profitable commerce I with South America South Africa China T Japan pan the Kant Eat Indies not to I speak of Spain an and the Scandinavian I countries It I Is estimated our exports now amount to tn about 8 a year ear third One to lo one half of ot this goes to Europe While Great Britain and France are our largest larte t European cus cue Russia and the neutral nations are atE not negligible Though transportation to RU Russia via Vladivostok or the White sea ea is sl slow w. w these routes nr are are- not directly menaced 1 by the German n submarines Moreover our munitions trade ts Is al already rea 11 dropping off oft In Importance aHan as aH asan asan an element clement of ot our fotel foreign n trade and some ome orders rH have luw bt been n canceled led or Of course It all our munitions trade trad were cut of off h by submarines business s generally would he be affected The prosperity prosperity pros pros- of ot on one branch of trade affects all other branches branch It Is safe to tu say flay the submarine crisis means a a. period of business re re- re adjustment But Just how n near ar this will come como to collapse no person can possibly predict |