The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1914-10-10


-
One of the questions we hear most
frequently discussed in connection
with the war in Europe is it prob
able effect on business and the cost
of living in the United States.
The general opinion among those
in a position to know is that mas
much as America will have to feed
and clothe Europe for a while, as
well as supply many other needs of
the warning nations and take over
much of their former commerce with
other countries, W. are in for a
period of great business and indus
trial activity in this country. Fac
tories and mills will be humming
for many months.
But there is another side to the
picture which we must face. The
prices of living necessities here are
bound to rise to some extent, and
they probably will stay high for a
long time to come.
Then it is likely that later on, in
a year or two or in several years
perhaps, this country will be called
upon to help pay for the great de-
struction of property and the gen.
eral impoverishment that are bound
to take place in Europe as a result
of this war. Our share may not be
a heavy one, but we will have to pay
something.
n1Ir fnf GOV v,nEr he fO11nu-nI hy
lean ones So it behooves us, one
and all, to follow the example of
Joseph in the Land of Egypt and lay
up in times of prosperity
for possible times of adversely.
In other words. NOW IS THE
TIME TO MAKE AND SAVE AS
MUCH MONEY AS YOU CAN
against a time when living expenses
may be higher and earning oppor-
tunities less than they are today.
There have been few periods when
the general practice of thrift by the
American people would result in so
much benefit to the country as at
the present time.
The European war, by cutting off
the supply of many foreign goods
heretofore used, will make it COM
pulsory upon many people to use
American goods of similar quality
and generally of lower price. The
consumer will get equal quality at
lower cost and the money heretofore
sent abroad will stay at home.
One prime necessity, however, for
the country is increased capital. 1t
may be set down as certain that for
future development here the coun-
try will have to rely on it's own
capital, because all of that of Eu-
rope will be needed for many years
to come to pay the costs of the pres
ent war and to make good it's
ravages.
New capital is nothing more nor
less than the margin between income
and expenditures. The only way
this country can accumulate new
capital is through the savings of
those whose expenditures are less
than their incomes. The more peo-
pie who have such a margin and the
greater that margin is, the faster
capital will be accumulated.
There has rarely beer a greater in
ducement for thrift than now. The
man who has a surplus can invest
it to a better advantage and with
certainty of a larger income from it
than for many years. Probably
there never was a time when the re-
turns from judicious investments
promise better than they do now
and will for some time in the flu
ture. And industry will not be ad-
versely affected, even if the practice
of thrift becomes general and there
is less personal spending than OF
yore. The new markets opening
will absorb all the productive
capacity of the country.