South Bend news-times. (South Bend, Ind.) 1913-1938, 1915-05-04
NEW SOURCE OF PROSPERITY.

NEW SOURCE OF PROSPERITY.
Summer is coming, and with it the
question Of vacations. OF course, the
people Of South Bend, will, in the
main, as usual have 20 be content at
the surrounding lakes. but there is a
big problem interviewer with this
question Of vacations. taken as to
America as a whole. The effect Will
probably be felt this year as it has
almost never before, and happily. in
the midst Of our numerous tribula-
tons. the outlook is that the feeling
viii Do generally agreeable. Our mil
nonaires are being compelled by the
foreign war. 20 spend their money at
home--a new cause for prosperity,
and one never hereto tabulated.
Heretofore. and quite 70 American
disgust. literally hundreds Of thou
sands OF men and women have mi
grated TO Europe every year. where
they have spent lavishly the unearned
returns on bonos, stocks and other
evidence or ownership in American in
dustrial properties. The money is
produced in America; the gold is dis
pensed abroad. That, at least. has
been the story for many years. 1t has
gone to increase prosperity in the
Riviera, IN the Bon Marche in the
Strand, IN the swiss Alps, at the health
resorts in Germany and Austria, at
the Savoy and Shepherds at Cairo; it
mas rented shooting boxes and castles
in Scotland and England It has
equipped dahabeiah's cruising up the
Nile: it has rained graciously upon the.
cities OF IndiC and Japan, and even
percoiated the larger cities in South
America
But now all this money must stay at
home. The dangers OF travel have
been emphasized by the refusal of our
state department TO issue passports
FOR any purpose, except business ne
cessity. Travel for pleasure is dis
couraged in every possible way. aside
from which the actual and well-known
dangers or the war zone. and the
great Inconvenience have been enough
10 discourage many already Some
praces are entirely inaccessible; the
passenger steamers To others have
been decreased by the war demands,
and IL is safe to say that SO to 80 per
cent or OR rowing rich are this year
staying IN the United States.
The first effect of this was noted in
the congested condition of the hotels
during the winter at Palm Beach and
otner southern resorts Then came
the news that every rentable villa at
Newport had been rented and that
people who had not occupied their
villas for years were opening them.
Now it is learned. the villa owners are
planning the most extensive improve
ments ever known in eastern resorts.
These are laying out grounds. adding
20 their buildings and devising other
ways to expend their money. The
mountain resort hotels have been
flooded with applications. especially
since the heat wave struck the east.
New York city has been filled with
rich people seeking ways 20 shed their
wealth. and one result has been the
most phenomenal buying at the auc-
tons where high-priced rugs, china,
furniture. books and art objects are
knocked down 20 the highest bidder
Lately a small rug was sold for $3.50,
the purchaser being former Sen. w. b.
Clark OF Montana. The Duveens in
New York have had no hesitation in
paying millions for the Morgan collec-
tions. knowing that the local market
is in better condition TO absorb such
commodities than it has been for
years.
The tide of tourist travel is over
flowing westward and Sec'y of the IN
terror Lane is planning for the biggest
season ever known in the national
parks. He has opened all these now
for automobile traffic in order that
the public may be better accommo-
dated.
The expositions in San Francisco
and San Diego naturally will profit.
Thousands who would normally turn
toward Europe will be seeking amuse-
ment and diversion now in America.
The newly started tours 10 the eXposi-
tons via the Panama canal inaugu-
rated by the Panama-Pacifc line ind
their sailings fully booked weeks
ahead
In fact Secy Redheld of the depart
ment OF commerce estimates that
about S17O.OOO.0OO. usually spend
by American travellers will remain in
America and be spent here. For every
one OF these dollars spent at home.
American workmen are given work.
Thus. one effect OF the war is discov-
cred which is not so bad
FARM SVACES