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TRADE AFTER THE WAR United States Will Emerge from the Conflict the Strongest Nation in the World Win the war is the motto of the American people and until now all energies have been so concentrated upon this object that comparatively little study has been given to afterthewar condi ¬ tions tionsAbroad Abroad more attention has been given to this sub ¬ ject and with good reason if as expected there is to be a struggle for foreign trade Undue importance lias bHn attached to the adverse temporary current of our exchanges with certain neutral nations nationsAs As a matter of fact the United States will emerge from the war in a position relatively stronger than any other country in the world Ve have the greatest stock of gold and back of it the fact that we have become a great creditor nation with bil ¬ lions of dollars loaned to our allies alliesAV AV have the greatest supply of credit in the world anil a national banking system to conserve it In control of vast natural resources including the foodstuffs which will continue in keen demand for some time after the end of the war our export trade must continue good and for the first time in a generation we will be in possession of ships which will render us independent in the matter of sea carriage carriageIt It is obvious that as a result of the war there has been vastly increased efficiency of industrial production which has reached unprecedented propor ¬ tions sufficient indeed to create lineasiness as to what will happen when the war demand relaxes There may be an interval of hesitation before the tfrms of peace are settled but the battered and shattered condition of a large part of Europe givis assurance that for its reconstruction the de Nev York Herald
