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Show n f '. I INDUSTRIAL j ij OPPORTUMTIES WU' j :( Extracts from nn address by Geo. M ;i Otis Smith, director of tho United 1; Stntos Geological Survey, before tho It ': American Institute of Chemical En-'I En-'I glnccrs, Philadelphia, Pa. I ., , Four constituents enter Into tho re-1 re-1 notion that wo term Industry. Two M of these, brain and biawn, aro organic organ-ic lo compounds nnd two aro perhaps to fi 1 ho regarded us Inorganic monoy and material. Mono of theso components T Is wanting hero In tho United States tt) and In fact their abundance uffords J ! the best reasun for un optimistic out Bi , look upon tho present Industrial sit-Uf sit-Uf untlon. Of theso four constituents, H ( Inbor and capital and brains aro all B, f moro easily transported generally H than tho crude materials upon largo B' I tonnago of which tho Industry, must Hi depend. Thus, cheap coal attracts H f manufacturers just as cheap land at"-H at"-H I t tracts farmers. .1 With distribution or raw material 1 is linked tho Influcnco of markets upon up-on tho location of Industry. The do-I do-I velopment of transportation systems i makes the problem of markets a most complex one. The Industrial lnde- , pondenco of tho small community of , a century ngo has given way to tho i system under which your dinner ta-' ta-' bio may reprcBont tho trlbuto from i several continents. Even In a coun-I coun-I try so diversified ns ours in Its nnt- j ' ural bounties domestic production of I , everything consumed Is not dcslrablo j! nor profitable. Kxchntigo of conimo- , 2 dltlcs with foreign countries becomes I ji necessary, so It follows that Indus-is Indus-is j trial ludepoudence Is tho goal toward ' J which a nation should face but not i a goal which it should havo either tho Intention or dcslro to attain , To inc caso Industrial prospj My this country needs to export finished j lather than crudo products and to Import raw materials rather than ! I manufactures. It Is tho product of ' Amorlcan labor rather tlinn tho boun-' ; j ty tif our natural resources that pro-' j ferably should go into tlio world's ! niuikots. As tho engineers of Am- ei lea study tills matter of expansion i 1 i.f manufacturing It hecomos evident 1 that tho distribution of raw material and of power Is the key to Industrial opportunities. l'otroleum nnd natural gas In their j distribution In somo degrco supple- j I ment coal. Thus, tho lnrgest oil fluid both In present production nnd j probable resorvo Is In California, a ;! ' Slato with only negligible coal re- . jj sources. Taken together, theso mln- ft oral fuels constitute n national asset .' j i comparablo with the soli resources 'I ij ' of this country, but tho larger part (. J ' of tho value of the natural gas, pet-, pet-, I rolnum, and coal to the nation Is in u their relation to manufactures. Iff j1 Tho wldo distribution of ores of ; '; i the principal metals sulllclcntly rich K' ; j and extensive to bo mined In largo j ; ! quantities means that the motnllurgl- I'' ; cnl Industry la 'Important on both tho ! ' Pacific and tho Atlantic seaboard In I j most of tho ltocky Mountain States , as well ns in sovoral of tho Mlddio f j States. Even in tho two metals L ' which at once suggest to us central- S lzatlon copper nnd steel thoro Is J I j widespread production. In tho mln- T j lug of copper last year twontythreo Hi states contributed, nnd no loss than , fl M I twenty-eight states fumlshod Irou p ores to tho furnaces of tho country. I iwjl 'i The raw material resources of this 'I country nro so widely distributed J M that Industry has been developing at I rj this rapid paco at many points. Tho li fcj n tendency is away rom geographic con- I'll trnllzatlon of Industry rathor than li toward It. A fow opportunities for jfj g expansion need only to bo suggo-nod; ' I ij tho South with Its happy combination jl 1! ' of coal nnd iron oro in tho same (lis- trlcts makes pig Iron production pes- I ,J slblo at minimum cost; tho west i, I with its hydro electric possibilities I j nvallablo as a sourco of rohtlvely v W ' cheap power for chemical and metal-ijl metal-ijl J lurglcal Industries; tho Ttocky Moun- I I tnln region with Its vast unutilized II j , sources of sulphuric acid and eqtnlly 1 !' grcnt iinmltitMl stores of iiiiosphato " I rock. ; f Tho Ingredients necessary for pro- ; Itf duclng prosperity appear at hand. i U , Tlio now financial systom s:roimy I i promlsos moro mobllo credits. A I moro sympathetic nttltudo of tho . I public toward big Industrial opera- I tlons la Indlcntod. Tho efficiency of I , m Amoricnn labor nnd AmorIan engl-I engl-I nl ' noorlng was never rjuestloni'4. kfj ' ' In any pstlmatn of Amorlcan p.j'IHv ijl j ; to mnlco tho most of tho present op- illl j portunltles for Industrial oxnanslnn, fE J' no hotter mnaHiiro of Inventlvo go- I'l- ' n'un of this country can perhaps ho L jj' j found than In a moment's review of kjjtli i whnt Is making tho European wr.r ffflV Bn ton-lido. Strictly neutral may S , v'p bo, yet from tho holghts ntiovo lK t 'ho depths below wo find American Inventions "at tho front" tho aeroplane, aero-plane, the magazine rlflo (and niaclv Ino gun, tho barbed wlro, and the submarine and Its torpedo. Ctan not our nation lead as well in fashioning the tools ot peace ns In designing tho machines of war? |