Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1916-08-05

try-ask milady IL she hasn't had to
accept qualities of material and col
ors that in normal times she would
not have tolerated.
THE close of the war will mean that
her needs are going to be supplied, and
that means q distribution of prosper
ity.
Meantime many who are in debt
have paid their bills and can now
make fresh start. Various concerns
have discharged their obligations and
retired their bonds. This gives them
a clean slate. The only sufferers in
this case are those who can no longer
clip the coupons-no longer draw in
terest from those bonds But on the
other hand. these latter have gotten
the coin and are now prospects for the
purchase of more bonds.
Gould any businessman imagine
anything more benefcient than a con-
dition which would take the obsolete
articles off his shelves. and at full
price? Ye hat is precisely what has
happened. Anyone who has had any
thing to sell has sold it. and realized
handsomely.
you can't tell me that there's any
law OF compensation that will COM
pei him to give that money back.
The way can't be had both for Eu-
rope and for u.s., you know-someone
must profit. And in this case we are the
lucky ones.
Il haven't mentioned that other phase
of the matter-the resupplying of Eu-
rope with the articles she has destroy
ed-because that is an unknown guam
tity. Unquestionably Europe will be
a great market for all of our products
for many years TO come because we
must remember that everything has
been destroy oyed-eXcept the money. That
is still in circulation.
IF Europe has spent her surplus,
she is only obligating future genera
tions to pay it back. Europe must, and
will be rebuilt
Recently l was talking to a friend
who lives in Europe and he astounded
me by stating that Europe will for the
next several years, enjoy a prosperity
similar to that which we in America
habltually enjoy.
Il asked him to explain 1t. He said,
You have great many wooden houses
in America, haven't you% L assented.
We'll, we in Europe have long had
stone houses permanent places of
abode said he.
Il gues l was dense for / didn't get
the significance of the remark.
When people have built permanent
places of abode,' he e-eXplained. they do.
not need to build any longer, and that
ihSahS tue Gnu Ol prosperity, Tor tnOS6
homes are also completely furnished,
and the furniture is the kind that we
expect TO last for several generations
II began TO see a new light After
the war Europe will have to be re-
built-it will be as new country-and
that will mean work for everybody for
long time to come.
we make the mistake" continued
Mr.. Rueschaw. 'of thinking that wealth
fa hat dos H.szVH
ing is being destroyed except the work
of past generations. and that means
employment for present and future
generations. which turn means pros
perity for everybody.
Just consider" concluded Mr.. Rues-
chaw, that II will mean to American
industry to modernize Europe, to fur
ntsh them up-to-date equipment for
houses, TO build ther railroads and
tier bridges. Europe before the war
had all OF these, so business was slack
"A few months ago the contractors
of Lansing had a good prospect in
sight for making money. l had planned
to build home. To-day that prosper
it, has been realized on by one con-
tractor-because L have finished the
home-and l don't want any more
homes. That was the condition of Eu-
rope before the war
Now suppose my home was burned
down tonight. I must have another
home, and there's be prosperity in
sight for the architect and the con-
tractor-that is Europe's condition to-
day.
I'VE must furnish lumber for tempo
rary structures, steel for permanent
ones. Furniture to equip them-and
by the way. all furniture manufac-
turers in this country are to-day 80
days behind orders.
We must put shoes on the bare feet
of Europe. and shoe stocks are lower
In America than they ever were. Nor
can Europe furnish its own leather
for the shoes-the hungry people have
had to eat the cattle and they'll also
have to replenish their stock farms
from this country.
Wen have to build ships to carry
our material to Europe and Wen have
to build equipment for our railroads to
get 1t to the seaboard.
Our locomotive works and railway
equipment companies have been so busy
the last two years building equipment
that our own railroads have had to
get along with obsolete equipment.
Meantime the extra tariff has worn that
equipment out at an abnormal rate.
All this must be resupplied. For many
years to come locomotive works and the
car builders will be replacing the worm