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Show Flood of Foreign Goods When the Jar Ends Chicago, Oct. 6. Tho only thing that has saved the United States from couimerclnl bankruptcy has been tho European war, declares a lending Illinois manufacturer who has recently returned from England and Germany. Remove that cause nnd tho manufacturers of tho world will make America the battle ground of tho greatest Industrial war the world has over seen. The earning capacity of tho 100,no 000 people of tho United Stntes rep resents n purchasing power greater than that of any two other nations of the world put together, ntul the standard of llng to which they have become accustomed makes that purchasing pur-chasing power potential under normal norm-al conditions. Surely such a market mar-ket Is worth striving for by our foreign for-eign competitors, oven under a pro-tectlvo pro-tectlvo tariff. And under a Democratic Demo-cratic tariff the domestic market, so far as our Industrial life Is concerned, concern-ed, becomes well nigh n gift causa mortis to our foreign rivals. Tho Illinois manufacturer, goes on to say: "A month two mouths after aft-er peace Is declared In Europe will ceo President Wilson and Congress In n state of panic due to ruinous Industrial In-dustrial conditions . A vast army of men who have been engaged In tho European war will bo avallablo for tho peaceful Industrial pursuits of theso countries, nnd they will bo will-Ing will-Ing or forced to glvo their services for even less than tho meaner compensation com-pensation thoy received beforo tho j war. And not only men, but thousands thous-ands of women, now being trained In the mills will continue their work and add to tho competition which American Am-erican labor must meet. It must be remembered also that tho purchasing power of Europe will bo curtailed, especially es-pecially In the matter of luxuries. Everything save the bare necessities of life will bo to a great extent un-marketable un-marketable In Europe nnd will bo dumped upon this country. Dress goods, textiles of nearly ovcry variety vari-ety that aro used by both soxes, jew-elry, jew-elry, china and a thousand nnd ono ' articles ot a similar nature will bo : shipped to the United Stntes under our extremely accommodating Underwood Under-wood tnriff. America will be tho one great caBh market of tho world nnd there will bo a tremendous scramble on tho part of every European nation to see which can get hero first." Of course this prophecy is based on tho possibility of this country being be-ing cursed with a Democratic administration admin-istration nt tho tlmo peace In Eur-opo Eur-opo Is declared. According to this manufacturer, tho great Industrial plants In Germany aro all being oporated at capacity or are being maintained in such condition condi-tion and such state of organization that if peaco woro declared tomorrow tomor-row they would begin with double shifts to win back their temporarily lost Industrial supremacy. Products of many plants aro being stored in anticipation of a resumption of commercial com-mercial activity after tho war. Ocean transportation difficulties have largely large-ly shut off the exportation of certain articles from Germany, Sweden, Norway Nor-way and Franco, and English plants aro getting tho benefit. This explains why our Importations of china, cutlery, cut-lery, and textiles aro now coming so r -- - largoly from England. "What does this signify to the United Uni-ted States?" he wnB asked. "You cannot too strongly Impress upon our pooplo tho lmportanco ot tariff revision before European factories begin to dump their products In the United States," ho replied. "Unless conditions aro foreseen and a tariff barrier erected against tho Influx of European manufactured articles this country will experience a period of hard times, financial depression, business busi-ness falluro and suffering on tho part of our great army of wago earners that will make previous periods of industrial stagnation resemblo seasons sea-sons of comparative prosperity." In othor words, the Republican party must bo delegated to attend to tho situation in a business Uko manner. se ' |
