The Celina Democrat. (Celina, O. [Ohio]) 1895-1921, 1915-05-14
GETTING BACK TO
REAL RAILROADING

The late business depression was
due to two sets of causes, one econo-
mic, the other psychological. The
economic causes have been removed
and have been supplanted by other
forces creative of prosperity, but the
psychological causes persist That
is the only reason why prosperity re-
turns with a somewhat slow and fal-
tering step. Thinking hard times
has become so habitual that we con-
tinue to think them after all excuse
for so thinking has passed away. We
need but to reverse the course of our
thoughts and we shall drive hard
times away.
The economic causes of hard times
were already passing away when the
war suddenly halted them and
brought them back with temporarily
redoubled force So strong was our
financial position that they were soon
put to flight again by the wise, con-
certed action of our financial leaders.
The war set to work new forces,
which hastened their fight and also
hastened the return of prosperity.
We now find our banks loaded with
money which they are willing to lend
at moderate interest on good securi-
ty- We find our manufacturers will
ing to use this money in increasing
their output as soon as the people
are ready to buy. We find the rail
roads willing to improve their lines
as fast as traffic demands. We find
investors so willing to buy securities
and European holders so slow to part
with them that prices rise day by
day, that total daily transactions
have swollen to old-time figures, and
that the minimum prices, which were
fixed as precaution against a stam-
pede to sell, have been abolished as
needless.
All these facts are evidences of re-
ytnpGHnnnA g in,
vestors, producers, carriers and sell
ers. The only thing lacking to set
the full tide of prosperity flowing is
buyers to set the factories in full op-
GRAFTON to set the trains moving and
employ hosts of idle men. Through
out the last few years the people have
been paying debts and increasing
their savings by buying less, by going
things they need, through
Whatever measure of prosperity we
now have is due to abnormal buying |
by our foreign customers. All the |
leading to prosperity exist
at home except the disposition to
buy. Industry, capital and labor all |
are waiting, ready and willing to
work full time as soon as buyers put
them to work.
The time for unusual saving by go
ing without things that we need has
passed. for good times have begun,
and we can safely let dollar go in
conf dence that another dollar will
come in to replace it. The time. to
postpone buying in the hope of buy
ing cheaper has passed, for prices
have reached bottom, have begun to
rise and will continue to rise. The
United States is supplying the world
with many things which the world
formerly sold to us, and this situa-
ton will last throughout the war
After the war ends prices will remain
high, for that is the experience dur
ng every period Immediately follow
ng great war Hence the present
S the time for the thrifty to buy, for
hey will not for many years be able
% buy as cheap. Those who wish to
save money can save it more surely
'y supplying their neds now than by
1oarding money, for delay threatens
o compel payment of higher prices
ar exceeding the interest their saw
ngs will earn. Springfield Repub-
lean.