| Show U S mustard in m development of south america jf if it Is to compete for trade by GEORGE E ROBERTS assistant to of national city bank of 0 new york one of the grievances urged against the labor organizations i is i s that they delibera deliberately Wy restrict output on the Il theory leory that there is only a limited amount of work to be danei done and that it is good policy for them to make it go as far and pay ik as s much in wages as aa poa possible 7 it is a mistaken theory but I 1 think the idea that this country will do better in world tra trade do with G great reat bri britain tain and germany out of it is based upon the same 60 error it assumes that there billere is only a limited amount of work to te be done in the world and only h a limited amount of trade to be had whereas there is ino limi limit it to the amount 0 of f work to be done or to the amount of trade that may be had or the wealth that may be created from the resources of nature the greater the production of every country the greater its purchases will be and the greater tho the trade of tho the world will be great britain and germany have built up most of the trade they have had with south america by advancing capital for the development of those countries they have literally created out of the dormant resources of those countries the wealth from which they have received their pay athey have invested about in south america in the last twenty five or thirty years and sent most of it out in the form of ma mate trials and machinery no wonder they have had the bulk of the trade and if wo we are to rival them there we must do the same bame work we must help in tho the deel development of those countries |
