Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1915-10-14
PROSPERITY THE RESULT OF WAR

PROSPERITY THE RESULT OF WAR
Many OF our greatest mancers and students Of political
economy period of general prosperity Immediately fol
lowing the war and for the United States because of it excep
ona situation and opportunities the end of the
war, if it should last much longer
All financial pancs and business depressons have
been caused not by but by rotten finance, inefficient poll
ties, or have likely the natural and inevitable
reaction from overdoes of prosperity and personal
vagance and waste that prosperity breeds
As matter of fact every big has been followed by
periods OF exceptional prosperity The Napoeonc
England alone $300OO00000 Within 20 years thereafter
England had become the richest nation in Europe Our own
Civil burned up $8OOOOOO0OO North and South Within
eight years after ended this country built 900
railroads, opened up the Great West absorbed million mm
grants year and forged to first rank exporter.
These things neither magic trckery. They are
due simply to the dauntessness Of the human spirit which
what be called wonderful elasticity ordinary
normal times 1t rests comparatively easy but the greater
strain, impulse of necessity the it speeds up coec
lively.
OF course war is waste-a great unmitigated wanon
wastebut curousy there compensatng factors. war
expenditures and wars destruction pure waste-burnng
up good moneyten the individual economies that war in
duces gain; for the first cut in the
gances and rpperes of life and the whole world cutting
the frpperes just 1t is very likely that the individual
economies the aggregate will long towards offset
ting the collective of the Thus the present gen
eaon by denial and suffering pays it's fair share of the
of The slight cash discrepancy of few billions
dollars will be paid for gradually but surely and easier than
now seems possible to us, by posterity.
In the meantime all in this country and the whole world
for the effects of this world widehave do is
cut out the useless penngs and speed energies
the immense demands for supplies which the calls for and
LATER the immense demands for supplies needed in rebuilding
and resumng normal activities. Both of these immense de
mands largely and above the continuing
demands of the world 1t is this speeding higher
tort which war makes and to which the
responds, that produces prosperity.
The effect Of the upon finances need give great
cause for alarm Money merely medium of exchange and
basis of credit Like the human spirit money possesses great
elasticity las to its circulation and meet any demands
that may be made upon it. long is ~ And
money has not been withdrawn from circulation and hidden
Deposits not only in this country but in several of the
nations at greater right than at time in his
tory The banks fairly bullying with money 1t true
that capital not seeking investment just noWt is always
timorous mebut it is accommodating and ready for in
vesment when demands upon lessen and the business
revival calls for it.
The financial position of this country is especially fortunate
The United States has become creditor nation Instead of
borrowing from Europe oanng Europe and getting
interest in gold For the first time since the prosperous
following the Civil gold coming into this country
than is going out of it,
The has awakened the American public the need
export trade basis of permanent prosperity and with
the exceptional opportunities of the moment there doubt
the United States just entering OF great export
trade expansion Heretofore this country has been largely
buying nation. Now it becomes selling nation Experts
the United States within years an
of exports over imports of S., 50O,O0O,O00 year.
When the terminates there will not only be the ord
demands but extraordinary demands for all of
products needed in rebuilding and normal activities
which the warning nations not be able supply for them
selves for time Furthermore the world will go the
with depleted stocks in all lines-whic and will
be repenshed the wheels of industry and business will
hum.-New West Trade.
THOSE IDIOTIC YANKEES.
An editorial writer who has been working night