The Emmett index. [volume] (Emmett, Idaho) 1893-1925, 1914-09-10

Wv THAT effect will the great Eu-
VA ropean war have on the Unit
ed States? This question is
on the tongue of every think
ing American. and the views of ex-
perts who are busying themselves with
deductions from the trend of events
are therefore of pertinent and vital
interest
To start with. America is the worlds
richest nation. its accumulated wealth
of S150.0O0000000 being almost double
that of Great Britain and Germany.
Sir George Paish in his paper, the
Statist of London, says that at no
time in history has the economic con-
dition of the world improved as rapid
ly or as much as in the last hundred
years. While al countries have not
advanced at aT equal rate. all have
progressed Sir George finds that the
United States has easily made greater
advancement in wealth and population
in the last century than any other ma
ton and is now nearly twice as rich as
any other country in the world.
Food Should Cost Less.
Is the situation abroad any justifica-
ton for an increase in prices of staple
commodities in the United States?
That is a question of supreme impor-
lance.
Roger w Babson. business statisti-
clan. says that as matter of fact war
will cheaper food and that any adj
vanced prices will be artificial. He
reaches this conclusion because a lack
of ships for the transportation OF eX-
ports in the immense quantities which
will be called for will naturally in
crease the home supply. Mr.. Babson
says:
There is absolutely nothing to war
rant the recent increase in the cost of
-four We have the biggest wheat crop
in the history of the country. We don't
import that commodity. There are no
ships to export it. By every law OF
supply and demand the prices should
go down.
Neither is there any reason for an
increase in the price of beef or in the
byproducts of cattle. The prices of
these should be lower, if anything
And. after peace is declared in Europe
and ships are available to transport
beef across. there is no reason to an
ticipate a sudden demand for beef that
will send the price up again. On the
contrary, beef shipments should be be-
low normal for there is bound to be
a prolonged era of economy among the
nations engaged in war.
Shoes Cheaper, Tires Dearer.
There will be surplus Of shoes on
the market and consequently reduced
prices. But every article containing
rubber is going to Jump in price, for
the worlds rubber supply is no longer
enjoying its dependable source in Bra
zil This means that automobile tires |
are going to cost more.
Sugar. rice and tea are going to |
cost more than ever The price of po-
tatoes probably will go up because
large portion of our supply of potatoes
comes from Denmark, Ireland and Ger
many
Cotton goods should be cheaper and
wooden goods higher. We have had
an excellent cotton crop. and the price
viii drop because it cannot be export
ed just now. The war is the anest
kind of high protective tariff for the
cotton and wooden industry. inasmuch
as it has caused the mills in Great
Britain to close down.
Apples should sell for about 81 a
barrel. On the other hand, pineapples
are likely to be selling for 81 each.
Dependent Upon Us.
The apparent ease with whicn tne
triple entente could starye ouf the