Our mineral reserves

Bibliographic data

Monograph

Identifikator:: 1751730271

URN:: urn:nbn:de:zbw-retromon-127610

Document type:: Monograph

Author:: Yule, George Udny http://d-nb.info/gnd/12910504X

Title:: An Introduction to the theory of statistics

Edition:: 8. ed. rev

Place of publication:: London

Publisher:: Griffin

Year of publication:: 1927

Scope:: XV, 422 S; Ill., Diagr

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

fi OUR MINERAL RESERVES. PRESENT DEMAND FOR INFORMATION. The readjustments in the world’s commerce necessitated by the European war have already imposed new conditions on many in dustries. Secretary of the Interior Franklin K. Lane early brought to the public attention the importance of these readjustments with reference to the mineral industry. The following excerpts from his published interview of August 1(‘> will serve to outline some of the new developments to be expected : A direct benefit to tlie United States from the European war will he its effect in making the people of this country realize to ¡1 greater extent the value of its mineral resources. It is entirely possible so to utilize these resources and expand our industries that the label “ Made in America ” will become familiar in our own foreign markets. Of an importance second only to that of the food supply is the supply of mineral products necessary to meet the requirements of Twentieth century civilization. One of the first effects of (he war has been to make us realize tlie interdependence of nations in the matter of food supply. Most of the countries now at war are dependent upon importation of foodstuffs, and we have cause for self-congratulation in the United States that we are able to feed, ourselves. What we possibly have not so fully realized is that we are nearly as independent in the possession of essential mineral resources, and that the interference with manufacturing caused by interruption of the flow of importations of many necessary raw materials may be overcome almost wholly by development of neglected resources in our own country. It has been easier and perhaps cheaper to import mineral products and ma terials from other countries than to go to the trouble and expense of developing our own resources of the same nature. Forced to the latter course by suspen sion of commerce from other countries, I believe that American enterprise and energy will almost at once turn to the development of the native resources, rather than permit production to lag and supply to be diminished in any industry. At present these deposits and resources are locked up out of use. To open them to use when the supply from other countries is cut off means to make American industries using these materials independent of the rest of the world, and business men will not neglect the opportunity to make our industries safe from the interruptions of war we are now experiencing. When they have found the domestic supply and begin its use, they will not return to de pendence upon the foreign supply, and thereafter good or bad times in (he United States, so far as the maintenance of industries is concerned, will be more independent of foreign complications. Already the copper industry has felt the injurious effect of war, and produc tion has been curtailed. While considerable copper is consumed in the muni tions of war, (he constructive arts of peace furnish a far better world market for American copper than will the destructive art of war. In the case of zinc, however, the effect of the European war is the opposite. Still, it is within the limits of probability to expect a loss of a half million tons in the foreign pro duction of zinc, or nearly half the world’s output, with beneficial effect upon (he recent overproduction in the United States, especially as affording the oppor tunity (o export zinc and galvanized-iron products to South American countries, which market has hitherto been only in part utilized by our exporters. Fuel oil has a large use in naval warfare of to-day, yet the tying up of the big tank steamers on both the Atlantic and Pacific seaports is already embar rassing the oil producers of this country, who depend so largely upon the export trade in all the forms of petroleum, crude and refined. Ou the other

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