The Hattiesburg news. (Hattiesburg, Miss.) 1908-1917, 1915-12-16

the passing years. and Sixteen dawns bright and
luminous And if thinking makes will be the bright
est most prosperous business year the matchess history of
this wonderfully rick and esourcefu country Captains of
Finance North South East and West America and Europe
with one accord are of that way of thinking.
The most potent factor in the business world is Public
Thought Scarcity of money produced financial
panic but the thought public talk of scarcity money
has thrown the commercial world into financial fits after
another. Money is the supposed circulating medium by
which the country its business But money actual
money, plays small part compared with Credit drafts
and bills of exchange Comparatively the amount of
in circulation all the time except times of real
panic. But hard times, supernduced by the socalled
scarcity Of money due the scarcity of money
but withdrawal of credit If you apply your banker
for oan he makes money easy money
you concerned, by his If he says NO. there
scarcity of money with YOU though he may have millions
of dollars in his vault If he says Yes money is easy with
though he have to borrow ediscount with anot
bank for your accommodation. And he says yes,
according his Judgments and that judgment mode up.
largely of Public Thought.
A few finance the country Those few men live
in financial If there is furry anywhere in the
world those few the 6lst take fright Perhaps
that is fair way They first with
prudence. They their oars tack their sails they
their bearings Nahiag bot right that they should Bet
perhaps that thes should But when they call any
extension OF
Belgian SOIL their clogs the wheels of finance They
that powerful and that dependent upon another
When the broke in Europe, these men, these
few who finance America, called halt. They did
stampede, be said their credit They did nothing but
stop BUT stop That but, is the whole thing They
are the Big Business county When they stop buying
things stop selling When they set of the market the
market goes pieces When they refuse credit there
credit When they quit Business quits.
When the broke in Europe, they quit. They
stood stock still until they could get their bearings Every
body knew that nothing would be done could be done until
they got their bearings Everybody knew that they
CUTTERS that they their bearings and read
usted their affairs changed conditions they would
open business the old stand And it was just ques
ton of holding until this adjustment made 1t has
been made These these few who make credit,
who furnish the snevs Of both 6guratey and otherwise;
who in large measure do the public thinking and in still
larger degree direct public thought with accord have said
that 1916 will be banner business year; and their thinking
will make 1t already making it The fall bust
of 1915 of what the 1916 will bring
to the business of this country its stupendous
undertaking to feed and cohe the world year and may
hap the year to
Its an i'll wind that blows nobody good. In time of
profound peace this country reapng world trade such
enjoyed before
Instead of debtor country rapidly becoming cred
tor country year ago Uncle Sam scratching his head
bordering and wondering how he would stave off settle
with his foreign creditors positively embarrassing
He owed the money they needed it, and the least
backward or modest asserting their claims NOW, they
are eating bread of the Old Mans hands, and begging
literally begging for How did he do By exporting
Selling what he had abnormay high prices From pur
chasing agent he became the head of selling Nation He
sold more stuff than he sold before his fe and bought
less abroad He traded home And the trade balance
his favor that his debt wiped in