The farmer and mechanic., 1915-03-16

United States to find that the Ameri-
can supplies going out are bringing
abnOrmally high prices while the Sc
curltieS coming back are bringing low
prices. Europe is to pay III the next
few years vast balances TO the Unit
ed State and as Europe will not likely
be for some years the same vigorous
producer il has been, the old world
nations must pay from their hoardings
OF American securities and thus stop
American interests and dividends that
have been going abroad.
That returning capital will be avail
able for investment at home and the
earnings will be available for invest
rnent at home instead of abroad. Eu-
rope for the next ten years will have
to live on Scant fare and give up the
bulk OF its earning TO pay the United
States what is coming this way, and
III that time Europe will have TO work
like locomotive on up grade i'll the
effort to re-eStablish it's industries
and its commerce. Europe is not to
die. 1t will come out OF this war just
as France did out Of the other war
with Germany but the people over
there will practice close economy in
their personal matters while they give
their earnings to pay debts and re-
| store their institutions. During that
time the United States will be going
ahead on the crest of wave OF in
dustrial prosperity that will make q
new worlds record.
Where North Carolina Gets On
| And here is where North Carolina
| gets on.
| Men have looked at the fabulous
progress this State has made in the
| last fifteen years and asked if the
| thing can continue. There is always
a chance that enthusiasm may run
| out and big hustle may stop. But
| not so in North Carolina now. The
signs are all the other way. North
Carolina is wider awake this minute
than it has ever been before in it's ca
reer. With due regard for the adver-
| Sity that has been felt in the last six
months the State was never before
going ahead with the same confident
assurance and the same breadth OF
plans. This is shown by the projects
that are blocked out at every turn.
| One Of the most significant is that
which is reported from Greensboro
There the Southern Railway is laying
out the building Of new terminal
and it includes all Of the aadjuncts OF
a real terminal which means thai
Greensboro will be surprised at the
magnitude OF the work when it's full
| signicance is unfolded. The Southern
Railway is not q concern that build.
! l y
one of the most capable prophets O
this country and Fairfax Harrison il
building for tomorrow, not for today
Last fall, when money was to be hat
Mr. Harrison secured millions for i'm
, | prOvement OF his road. Now, he is ap
preaching the improvement and it will
be Improvement OF the same substan
tial and bold character that character
, ICES the Improvement made by the bi,
, roads Of the North, for the Southern
. | is a big road, and it has learned from
1.-THE other big roads what improvement
, means. : r.s -.'
Building For The Future.
The Southern is starting to spen,
millions of dollars to take care OF tn
I new North Carolina. 1t is not try
= ing to care for the present NOrtl
Carolina but for what is to come. An
make yourself absolutely sure tina
! this big corporation is not THROWN
! | money into it's line from Charlotte t
: Greensboro on a guess. The million
9 are are going into the permanent i'm
v provement of that big property owe
I in the Piedmont are going in there
|, | earn dividends. The twenty milliO
f dollars that President Harrison
e about to spend on the improvement
o OF his road is expected to return an
n nually million or more dollars afte
: the improvement is completed an
e that can be done only by the increas
e of business in this State and the ad
i Joining States Of the South. To ear
e million dollars in dividends take
d an awful lot of money, for befOr
e dividends can be paid it takes none
e to pay running expenses, eouipmen
e and things of that sort. Runnin