And I'm not unrealistic about the future. But there are reasons to be optimistic about our economy. First, we don't have to fight double-digit inflation. Second, most industries won't have to make big cuts in production because they don't have big inventories piled up. And third, our exports are running solid and strong. In fact, American businesses are exporting at a record rate.
In exporting live-stock, this is of vast importance; and in time of war a central position like this would afford an admirable place for vessels to repair to in order to refit.
The ancient provincial restraints upon the transportation of corn from one province of the kingdom to another, have been entirely taken away; and the liberty of exporting it to all foreign countries, has been established as the common law of the kingdom in all ordinary cases.
If it were brought up to full development it could take care of two divisions a day which Hamburg could well supply. Glückstadt is an especially important base because most of our live stock exporting business is carried on there. It is recommended that a short double-track railroad be built from Elmshorn to Glückstadt, making a connection with the reserve corps frontier.
He would take care of the horse himself, and wash the buggy, also grease the axles. In fact, his thoughts were on flowers, books, education, and on cultivating his mental acreage. John D. Rockefeller was sorely beset by business burdens. The Standard Oil Company had moved its headquarters to New York City, where its business was largely exporting.
A German offers me a mark for my tragedy, but if no other German has got anything to give me, or Thomas Cook or his Son, in exchange for that mark, then the mark is obviously no good to us. Similarly, when the rouble was about ten a penny, Russia was importing a hundred times as much as she was exporting. But she was not importing anything then because of the blockade. Therefore no, it's no good.
In addition, the deep Seabed Hard Mineral Resources Act requires that at least one ore carrier per mine site be a U.S.-flag vessel. Much has been done, and much remains to be done. While significant growth in foreign demand for U.S. steam coal is foreseen, congestion at major U.S. coal exporting ports such as Hampton Roads, Virginia, and Baltimore, Maryland, could delay and impede exports.
Many of them are engaged in exporting Teneriffe wine, in days of yore well known as Canary wine. Talking of wine, the disease which has destroyed the vines of Madeira has also committed great havoc here, but the people have been saved from ruin by the discovery of a new article of export.
Commerce flourished; but it was universally passive, importing, but not exporting.
Curious as it may seem, Ireland, though a great exporting country, does not under present conditions feed herself, and therefore an Irish Ministry would certainly lay in a large stock of the imported food supplies before they were brought to England, in order first of all absolutely to secure the food of their own people.