Hammond Times, Volume 15, Number 78, Hammond, Lake County, 21 September 1921 — Page 5
Wednesday. Sept. 21. 1921,
5?wLE TlWra PAGE FIVE
I : ' : - ;)
Personal and
bociai mews
' . . i t,
next ni. ':.!:! v. i 1 : i.- .! ; t:t- h"!u
of Mrs. AV 111 jam Ki-ui :;!, -:! Sibley Ft r -t. upstairs, the fit-xt house ast of til.- 15ailist church on F liilay t 2:30 oYl-.ck.
lilt i dlvis
ty of the First
T. Turner and 'f the 1 1 nmiiioml rnoLorPft t" Cm
lay to attend
Clalro
Mrs. Harry Skll.-iiK'-r eharmlnuly entertained at a one. o'..le-k 1 ini.-h-en at her home on "an Hurt n sircet last week In honor of Mrs. Krm s-t Wartena, a bri.ie of a f.w m..nih.s. The table was very attractive with cut flowers and feres, and outs w. rt l.iiJ for twenty-four if ne.-ts . M utile- ami games were enjoyed in the afternoon and Mra. xvartena was made the Melpirnt of a number of beautiful nifts received In a post-num Ul miscellaneous ihowrr. Mrs. Wart nit before her -narrias;.: was Miss MelHie Huso, daughter of Mr. and Mr. Albert i;iie of Wilcox Street. Trie out-of-town Kueets were Mrs. Charles Me. 'ay an'l son KusMtll and Mrs. 'Juy F.irris of C,ary. Mrs. Gilbert HratJnm. Mis. John Broholm, .Mrs. Howard' KnUr.'-n and Mrs. Hiram Brading f tSouth Chi.apo.
Mrs. Cuarles Leasbourg' rind Mir Hesberg of Chicago. f The Senior League of St. J
Lutheran ehureh of 'West Hanini .mi entertained a number of ynuns peopl at a buni'o party last n-nins in t ikehurch parlors. The Junior l ais-ie was in attendance and the Mix" Charlotte Wilson. Kiniiy ;u.d Minnie Watte, Lillian and Elsie Keiehert and Arthur Lohse of Ilessvi!'.- were the out of town g-nsts. There w.-re ov.-r fifty young- people at th- fun.-ti.-n. ail of whom enjoyed a most d'ligiuful evening. . -
of Hyslop p'nre a nd lee te.l ;: 1 1 e n the state cunviiilii V.. tt-hi.-h is to 1
Oct.. her. The
itc
in
id ay
d-le-
n of the e he'd in (ii'IKdt- s
Airs. J. C. Graves, Mrs. Ain.rt ', Mrs. hortrida;.' and Mrs. The ladies extended a yte of o (he 1 vidi.-s' Aid of th-. First t riun church f,.r the oontrihn-
tol
"I'our.'J party" th y results of whkh t h u v . r . t . v. . of the 01 ; ,-i n i nation
)i..y Oc-
af t rnoori .
('' :uj m a y h.-ld. the ubniitted to xi meeting
: held at the home of Mrs. .hi. !"7 11. d. una street, on
14th in th
ish
P
nd.
attend this
of the Ladies- Atu
-iu. n;ty r ti'e first ji . i:. ehureh will
m et with Mrs. O. E . Holls. 4?1 L'taekert str-.t, on Thursday afternoon at half past two o'eloek. Miss Janice Hash Is very ill with scarlet fever at the home of her aunt, Mrs. George Yi i?.r, on Harrison st. Miss Janice has bet n critically ill for a week, but her condition is somewhat improved today. Tomorrow cvenintr St. Haul's AValther League will have its third annual lianqut t in the iii-w school and parish house, corner of Eaton and Erie streets. A feature of the program will he a s p --.:' li by th" Kev. AV . A. M. ier of Milwaukee, executive secre
tary of the attendance
Walt her Ijf-aRue. is exp-'Ctid.
it.
dir.
The Dorcas Aid Side Christian e morrow in t h- . !
ail dav gos.-ir
Society of inch win '.ire!, pario
the
The meeting of the ' Of St. Paul's Kp's.-np been postponed until aftsrnoon .
oman's Gui'.d church ti.i' Xt TtiUiBriy
Koy Witter of Koberrsdaie, known in Hammond, is seriously St. Bernard's hospital in fliicu?
and bake pale.
Miss Margaret 1'irie and Mrs. 1 Carter ivti'" h.isfesscs ia.-t eveniu; their home on South Ib.hman s:ree a bridue party Honoring Miss Car, l'"I penhusen, who 'is soon to heron bride. Four frames were pi :y. d, 1 score male by .Miss Kiiuor ibcki after winch the gu.-sfs . njoved m an I a dainty luncheon was ?erved
The Phi -Mu Gamma will im i tint tomorrow rvenlntr
home of Mir-s A'arreu til ret t.
larga
h.ld a at the
Margaret Fromtn
. d t
.:erby: -Hlock er ; U.ims; ti attc ndaiic
offi,-
d-
w a n
-1 L
Mrs. AV. C. Van Gundv .
street underwent an ovutation at St. Margaret's hospital lat Monday and is rec.vering: nicely. Dr. Howat was
attending surj. nn and ihysician.
the
ladies of ; m-t nt tl:
he
s Ellen Taylor ot Sprinffi'ld, 111.. e today to be the house (fuest of and Mrs. A. F Ilohrer I'.r sevdayp. Miss Taylor is on her way
LIVE LOCAL HEWS "ADS"
Wassey's Pleating Shop KMBROIDRKIXO, STAliri(;. MEMSTITt Hlfi, HI T'l'ON HOI K. BVT'ION (OVUKIMi, IIItVI'lIM;, Kl't'inM., KAM'V STITCIllMi. 91 SATE STUKKT. IMIOAE HAMMUM) 441!.
The Centnnry g-iving: a chicken and supper 3 to 7 nirrh Thursday,
M .
K
art n
TieV
home from Hay A'if;v she sp--nt the sj-nmer. Mrs. Clarence Lii;-M' eatro etn-rtaitud th.Af. T. Club at her hoi:
The guests enjoy. music awards K 'ing- to Mis-s Ktle-Mi.-s A! ari-' Kuha. A del: luncheon was servt d to tl The next meeting will be works at the home of Miss of Drackt-it street. Ha nun
ich..
Here
of
last
st Chief th'tiling .
and card--, I Novak and eois course -Veil C '.l' st s. held in two Marie Klihn ml.
Fr. pi.
r. tary. Mi s ai-or, Mr-i.
verv eo.
Lawr- nce and 1. mis Hoferi!-.iii. AA'illisim lb Mi-is Until H .f, iHiiivip Suntliy to attend tie- .1 cises at St. Paul's Kvar
. S'one and Mrs. t! tie Li'-,c-ly (' tits and their fri ;V i u at th-- hi'iiu
Th" Haptist AVoman's Union will me,t Thursday afte:noon at the home of Mis. Charles Green. 4 AVarren st. 0 Mr. and Mis. K. J. Hohlinc entertained at their home in Gl ndale 1'aik last evening. Tall wicker baskets -o ros-iS were in the rooms ami the m-'. sts enjoyed cards and dancinp . An attractive buff't luncheon wat served to twelve guests.
AT Tixkl DeLUla Motion picture entiiusiasts who admired the l'rince of AA'aea, duriiiir hid stay in this country will 'b-e afforded an oppoiiunty to wiinrss His Hlghneita' charming personality in the Associated Hrodu. ers' production, "Devotion." siarrine; Hazel Dawn, which will be snown at the Dt-Luxc theatre today and tomorrow Lionized by society'.-) four hundred and feted and dined until the very last moment of his departure, the l'rince is seen surrounded by a jroup of notaMr American captains of industry witnessing tlie H -rse Show at Mad, son Square Garden, York City. This scene. iiic'ii wa.j iil.ii.-d e.xi-;u.--ively at sn-ai expense, is part an.l pa reel of the photo
drama teilin'-? the story of the ardent love of a i ouhk woman I'..r her hus
band.
U!
tl.r
ry favorable circum-
b.isin.-'s;
stances. The proprietor. Max Hertz, was more than jieasi d with the. hundreds of people who called to see the classy merchandise .on dl.--r.iay dozens of people could not resist the temptation to buy some iff the stunning dresses. Kveryor.e liked the n store, the merchandise and the new prices. Mrs. Overman formerly of the Style Phoy. is in ehaitre of the Ladies' ready-to-wear department and wi.-'hee all her friends to call and see the new creai'.ons she is sho-.vinsr.
Mrs. Aithur AVilson of Chicago the guest of friends here t-jilav.
16
Gordon Anderson coming thelu.tter pa be the house Sliest
Juiitis M yn for a few days, derson was a classmate and
Piladolphia u f this week to Mr. and Mrs.
Mr. Ar.-fraternlty
The Lid Str.et Hie t Oir; r.rrci with Mrs.
n
IV
K C 0 t
. c i A t y o ; ch ireh at t w .
Hoffman
The Woman's American Letrion ninlit. Thursday, court room, court portant business Miss A! ai'Ka ret Mr. and Mrs. It. day for ll'in is 1 paipn. wheie she ensu iiij. yt ar-.
brother of Mr. M.-yn's at I "t nnsy 1 vania State. .Air. Anderson is a prof.-ssor in tiie What ton School of Pennsylvania at the present tune.
daunhter H lie. b ft Sti"y at ! ' 1 1 , i ir. -oiled for the
the Tr'nity iiti th. ir loi si tomorrow ev. the ebureii will be enjoy
tlu
The hirst me. tin.c. o AVoman's Club will h. llamond Country clur
at t -. t nor, n . An exce
the Hammond .
e Ve!d at the next Satui day j
lent and nov.-l
AT;-. and Mrs. pleai-i nt ly enlert a on Alaywood av. Hun.'o was nTrive!
e.e.i
Last ever.lntr John Willie; on On-ill.' Collins
t nt . r ' a i lied in honor of
w ho.-e luarriaLie ohcidler w ill he 1 . The dm in-;
j (b e H at. d in th : pink and while, and white as'.TS
' !l shaped pink 1 in -1 - 1 e t ' 1 1 v : "s. ; of I h.- S. S .
! ' r . A i ma ami bv:de-to-bi
erson of Chi -a
mn i ia.ri-y (. intra
i
.me
proyiam is hemg arians
d.
Hammond Musical College. Piano, Voice, Violin, Public Speaking-, Ckclele, Banjo, Mandolin, Guitar, Dancing, Dramatic Art. 8-31-.f
Huth Webster Cross. Dramatic reader and soprano, can be obtained for all clubs, lodjtres, ohuM h entertainment and social functions. KnMre jiMcram a sp. '-ialiy. -22 Sibley, phone. 4S Hammond. P-21-t r
The Central Union of AV. c. T. U. met yesterday afternoon at the First Haptist church. The meeting, was opened hy a s,,ng service, Mrs. J. T. Clark pr'Sitiire-r at the piano. The scripture lesson was r -ad by Mrs. li . H. ilrans-r. and was followed by ar. ad'lr-ss hy R v. Norma Camilb- Hrown of the Flying- S'Viadron. ifc-v. Crown's talk was greatly enjoyed. and she gave inter;tsinfjr accounts rf the legislation and of the dire need of interested temperance workers. She -irtred the wonv.n to take active parts in the civic affairs, and be of influence. Dues for the j. ast year were taken in, and
the home of Mrs. ffield avenue, Mrs. Mrs. Ilarrv o'llara
,t a miseel ia to-. ois shower Miss Martha Mario Kr.is.
to Mr. F. G. G-s-an event of October room was prettily briti -'s cob is of carried out in lonk
.-rs, tulle Iw.vj and heart fros'ed cakes. A dainty
, iis servi d to the mer.ib rs . M . I'liris- Club, the Misses Clara Kr.-is. sisters of the . Alt. Gescin-idier, Mr. IV-1-
. Mr. C'diine and AirMiss Krt-ii received
AT THE PARTHENON La.:-t tiiu.-s to. lay tor the four acts of
vaudeville ai.d the "Twin Feds," at tliej
laiitiieiion theatre and be prepared for lour bin a,.ls ,,,r tll). ,,-,., u- and a First National I'lcuim entitled 'Mid Dad," featuring ATildiad Harris CiiupIn this picture Mildred Harris Chaplin .b mon.-t rates -very aaly that Caai'.ie is Hoi the only Chi..pliii that can
mv ..- lauunicr and Dad. is not ul t-otiu dy by any means but Mr. Insriami the director, discovered that Airs. ( hap- j lin's tJense of humor is of the keenest sort. ConseqU.-niy u injected just; enough I'f.'ini. a! Situations to keep th-1 story from b. too heavy and to permit the charmino hub- h'onde star to show her hitherto hidden talent. Mildred 1st soinK to stick to the serious drama hut. that isn't -runt? to keep h r fri.m developing a hiitnni-nuj situation i 'ru-e in a wl.ii.-. Ce-oi-,. Stewart, a ! brother of thP beautiful and talented Anita, is also riimiii:si the ladder of, siiec -ss in the motion pict ure world and has a most important part in this pic-j
"rposue Mrs. t'tiapiin.
BOB HASTINGS TELLS STORY OF RECOVERY Once more stories are ;n circulation of the re:-uits attained through treatments by Harry Mays, "spiritual healer," now located in Hammond. Today Hubert Ihtyitiris of S'lft Hid ana avenue, Hammond was teiliiiS t'nem all about his remarkable recovery. He says 1m- had been s-ii ft eri n' with lui.ibai; o : hadn't been able to Work, and had not been able to !,'( ri lit f through anv .-nurse of treatment. If" w nt to see Mays. After the h-aler had tiiv.-n him two treatments, m-re!y by . pi. loin? his pud iy hands orcr the spots which were bothering him won't, Hastinars says lie has been fixed up as -do.1 as ever. Wh!Ir In AV'-st Hammond several months asro. Mays had a crowd of pati nts at his house all hours of the day.
TAX LEVY UP
TO THE
riioLi
The rush m o re.
nave
?et
once
Mr. Zoercher Back fron Meeting, Calls Attention to Provision for Appeals. INDIA-NAPOLIS, Sept. 21. Taxpay ers of Indiana have only themselves t. blame if local tax levies are excesslv next. year. Tax Commissioner Phillii Zoercher .-aid today in discussing th. opening of the fourth session of thstate board of tax commissioners, a which appeals may be made to the stat, on local -levies. Air Zoercher pointed out that tc: or more taxpayers may brine any loca levy before the state board for i e-- ies by filing the proper petition with th county auditor The last day f-ji ;iPn; such -petitions Is next Monday, Mi Zoercher said. "The policy of the state board of ta: Commissioners," said Mr. Zoercher, "L to keep all levies down to absolutel. necessary itemS"
HFLFAST. Sept. 21. Two civil were wounded In anothed outb--,-nl this city during the niirht. Shoo occurred in two districts of the t hut the troubles were quelled by Icemen and soldiers.
HERTZ OPENING DRAWS CROWD
15
reavt mr n t las o p
1
Harriet Moore of Cicatro will house irne.-t of Miss Margar-t of Giendale park, for a few
Airs
IIa
and
CHILD IS
OF
Kf
t
AUck and
James I i h i n d
turned to Kn-.x 111., afte rspendin th-ir father. A! Fchool. and Kric acadornic work .
Mr.
will
was
Staf- street. Th. fiinn al
at two o'clock this afternoon H was in St. Joseph's c-me-i.ir?.' of undertaker Knifner-
icles in aluminum, i , 5 i
victim ; mmmmzmm
diphtheria ! mmmMmmsi
lii.-.:- .'.A---, .vr:.--r-.t w.va.-i-o:i
ia cuiimeu snotn-r victim in ;-J'j'::.ST--yc't-rday afternoon when 1 fef mJT i jlfJ af ia Marie G-is, died at ttie! 1 bTJ . 1 : parents. Mr. and Mrs. Jos. I M A3A-jJjJk.M
he was t,ve( kCmAiM
held from crtm:Ti-a
KAUKONS, 1U7MAITA
1
y
SMALL U. S. MEAT SUCER In excellent condition. PAUL J. DAEMICKY "BUTCHER BOY" ICE BOX Capacity 900 pounds. In perfect condition. NATIONAL CASH REGISTER "DETROIT" SCALES
COUNTERS, SHELVING, COFFEE GRINDER, SHOWCASES, ETC.
680 S. H0HF.1AN STREET HAMMOND, IND. Phone Hammond 3580 Before 5:00 P .M. Open Evenings and Sunday
Ji MM Mmm3 Mm JLmm&IsJ'Mm ve V - H A y v 'm- ' - CAPITAL IshlVCSTCO IN THf CL'BANSUGWINOLfSTRY fV Vv j - , 1 V-S:: t OvAVu,',;'S .--: x f--t-i. i - -:.. 'inii,ijC.-. ... :;o -i -. v .- ' 5 f4EW YORK THROUGH WHICH PASSES NcAPLY HALF OF THE IMPCJJTS AND CyPORTS CT THt CCITJTR ( "-W i '! ' i "v- A M-
tl lion it h .b bou i tri l.ti m, tarriel - T . A ' V " -WY " . . "
aiinM to eti(ii(, tl it '-'inM - - . ., s -
tdo h.. lnflnoiicP.1 our nolicies to- I T r ' C '" " 4t' i - ' !", ? !A
wards forerrin trade nn.I lni-j-iiiK. 5 , 5 K " - - - v' ' -, T 7f3 as well. Wo have always had a f ,v 1 ' ,f - v r- -vi - : W Y fo:-e:.n commerce, but rever as a j f, 3 , ( i v C i"" ' ,MlilN primary Interest, as In Grout ; 4 J ' ' . v - 5 7
Britain and Germany, where such U , - , Jt--trade lias been vital to them for . - t ' . , " 1 w-yt 'rl
1 1 1 V ' .'. -V. 'IB 'j. bT(aw -mi-.T J- - ... JT i-B .1- iW, TW, - Ij-.J, I'.- ,
manv vears. Our own domestic 7 . ' ,' r''-, ? ,ii I
ahsorhed by fur the creator per- , " ' rentage of our prodtiction of every nN 0"" - i1' kind and, similarly, the op;iortti- V ' , " " ' f- ' . f'V tiities at home for the use of capi- ? " " L tal for the development of our ..
By FRANCIS H. SISSON,
Vice President Guaranty Tru
Company of New York.
N E the lietuuilni; of his
tory International trade has played an important rmrt In the prosperity and
progress 0f Hn preat states. Tiie Phoenicians were tradors with far countries more thati three thousand years ago; the Greeks were eai;er merchants and sailors, as veil as architects and statesmen; the Roman Empire was a powerful economic state. Venice had her glorious period of trade domination, lost when rivals in Spain nnd Portugal overcame her commercial advantages. The Ilanseatlc Lou. true also liftd its Ioiik career of leadership in commerce and in shipping. The Dutch in turn with their skill In manufacture and finance and their merchant fleets wrote another brilliant pase in this chronicle. Then Great Kritaln began her eeries of commercial conquests that led directly to political empire in many countries. The lessons of litis record are clearly written for those who study the present, position, of our own country. The United States, blessed with resouies beyond comparison richer and iore powerful than sny other, must now take the great decision as to fier future policies. All the weapons for peaceful and legitimate leadership are within her grasp. The war has strengthened the United States where she was weak. Her merchant fleet employed in foreign trade in 1913 was only 1.01 9,1 oT tons. Now it is second only to that, of Great Britain ud comprises 10,000,000 tons.
always had a but never as a as In (treat
Britain and Germany, where such trade has been vital to them for many years. Our own domestic market has been so great that It absorbed 'by far the greater percentage of our production of every kind and, similarly, the opportunities at borne for the use of capital for the development of our abundant resources have not only absorbed all our own surplus fluids for investment, but have also drawn upon the capital of other countries. Great Britain especially, to a total of billions of dollars. It is true that mines In Mexico, Ctiiie and Bern, the meat free.ini; plants in Argentina, Uruguay and Paraguay, and the paper industry in Canada, for example, have nttracted several hundred millions of our Investments abroad, but we were heavily indebted to other countries for capital they bad loaned to us during many years. Today th? cliange in this financial situation of the country is very marked. We have relmuuht a larce proportion of our foreign-owned securities and. In addition, have loaned about fifteen billions to foreign governments arid to municipal and private creditors, mainly In European countries. The Federal Reserve Act has given us a foreign banking organization that Is quite adequate for
A NITRATE YARD IN CHILE-
ANCTHER FOREIGN INDUSTRY
THAT IS ABSORBING LAj
AMOUNTS OF AMERICAN CAPi Mi.
the needs of our International ptsition and Is constantly being extended. The laryfe American lanks have numerous liranch..s abroad, and in every country tin o-; are directbanking connect ions with New Vork. Whatever tiTTiy to the development of our foreign trade, it wiil surely be accompanied hy a similar growth and strengthening of this great fitiaiioia! org.-iui.athin, upon whose service i i;:.-t rest 1 lie orderly and su-cesf u! conduct of overseas couinu-rciai trari.-aciions. Now we have all 'he fnuiidation stones for any international trade structure that we may decide to erect: We have ships, a worldwide banking organization illimitable capacity for proua.'tion of both raw ri.aterla's and manufactures, and capital resources far beyond any competitor. We have ceased to be a debtor nation and, In addition to a record of actual fa-.
vorable trade balances of billion for the last two or three years, we shall' have an Invisible export repree;itrd by Interest 'oil the vast sums that have been loaned abroad. High prices have been an important factor iniitierK ing this wonderful record of exports, but in spite of that element, t lie figures of our present trade disclose an unusual story of commercial activity. Vastly increased capital, ample shipping,-and an enormous foreign trade were all the immediate result of the stimulus of the war, combined with our exceptional resources as an agricultural and manufacturing nation. We are now at the parting of the ways. What are to be our policies in this ti"w relation which we hold in the world of trade? AH of the elements required to control and extend our commerce are at our command. Are we la tlie mood to
-oj7 this greatest of all owr opportunities? In fact, we must go forward, or wo shall Inevitably be forced to retreat from our present position with heavy losses all along (lie line in shipping, banking and trade. We are already vigorously challenged by competitors In foreign markets. A courageous national policy of legitimately aggressive development of all these newly co-ordinated resources for the conduct of foreign trade Is essential. Every American merchant, manufacturer, banner, farmer or laborer has some stake In this struggle. Our sales abroad of two billion (briars' worth of food products annually is a fact of impor tance to every farmer, either in direct interest or in eiTect upon prices. Exports of two hundred million dollars worth of tobacco and more than a billion dollars in value of cotton add force to this argument. Further, our vast Industries when fuily employed now produce such a surplus over domestic demands that loss of a fcreia outlet for this
-"I' GREAT MERCHANT
iiy MARINE TO CARRY OUR
iJr IMTFRNATIONAL TRADE.
Of V & V.
nurplus would mean serious labor depression. It is no longer rfrue that we can look with cumpuiatlve Indifference upon our f xports of manufactured articles as comprising too small a part of our total trade to be a matter of serious concern when they fall off. For many years the ratio of exports of manufactures to our total manufacturing production has been increasing, until now it has reached an amount that probably spells tlie diffcience between prosperity and failure in many Industries, ales of nearly three hundred million dollars worth of automobiles abroad are a case in point, or, for example, the total sales of leather products valued at nearly two hundred million dollars. It is well to examine the recent development of our trade in some detail, for as we study the situation, .at every turn we perceive the urgency of a nation-wide comprehension of these facts cur need for foreign markets and, further, our reliance upon fon-igii sources of supply of essential raw materials to keep our factories employed. When we review the course of cur foreign trade during tlie war and since tlie signing of the Armistice, it is obvious that we are dealing with a period wlii'h is abnormal, as compared with any period of our peace time experience. During the nineteenth century our merchandise trade grew steadily larger in value. Durlrr
1 1 jw nwi mi mw ptu'jwmusmga the yearn .'PI.'- tm hrju. :ievanxe, tliis increase was ttemr.d.?us and exports grew so much more rapidly than imports that we piled up an astonishing excess ot outgoing goods. Our foreign trade may bo conveniently divided into three large Classes: Food-stuffs, Including wheat, flour, meat, fruits, dairy produce, etc. ; raw materials. Including cotton, coal, 'tobacco, lumber, copper, zinc. Iron, steel, leather, oil, etc.; and manufactures, including agricultural implements, textiles, machinery, automobiles, locomotives, and other finished products. Each of these may be further subdivided as minutely as the interested person may desire, but for the sake of simplicity we shall consider here only the broad divisions mentioned. An effect of tiie war upon our export trade was an immediate increase In the shipment from this country of foodstuffs and of finished manufactures. As European Industry turned from its normal pursuits lo the production of munitions, a decline took place in shipments of raw materials. Commodities such as copper were in greater demand than formerly. Cotton, which had comprised the bulk of raw exports, was then desired in the finished rather than tiie raw condition. During 1919 and 1920, on the other hand, the major increase In our export trade is traceable to the demand of the old industrial nations for our raw materials and our foodstuffs, which were needed to re-establish tbelr manufactures. Our shipment of raw materials, especially cotton and tobacco, began to increase, though copper and steel decreased. At the same time, the exports of foodstuffs and of many manufactures increased very rapidly. Imports also grew In the Armistice years more rapidly than at
any previous time of otir history. However, the principal Increase was iu imports from Latin-America and the Orient, rather than in those from Europe. A very large percentage of the total increase is represented by rar materials and foodstuffs, such as bides, rubber, silks, coffee and sugar. The Importation of such articles had been restricted when shipping was diverted from ordinary mercantile channels to the transport of our array and Its supplies to France. With the return of shipping to Its trade routes. Imports of thes articles became so large that the country was rapidly flooded with more than it Could consume at high prices. In consequence, these Imports have now been practically suspended, and the countries o which they are staple exports are undergoing severe commercial readjustment to iuore norma! trails condition. As industrial Europe returns to its pre-war manufactures and regains its former re-export trade, It is probable that a considerably larger .ni.vtitsge C our ImpoiTff 'tV ms tiuA C'r.ll i.-l