South Bend news-times. (South Bend, Ind.) 1913-1938, 1916-07-13
WAR ORDERS AND PROSPERITY

WAR ORDERS AND PROSPERITY.
The protectionsts calamity hovers are again on the
house. tops They are yelling their Il told you So
With approaching hoarseness. We are supposed to
accept the wisdom all theirs that the war orders
Will continue forever are supposed TO assume
that the wisdom all portion of our ex-
sting prosperity TO those war orders With the
first glance decline in such orders therefore we
urged TO believe that all our prosperity has come
from that that the dennition bow bows
Turk just around the corner
Yes. munitions trade is about to decline but we
ought be glad rather than sorry Maybe it will take
some of the imitation the price other things
which is needfu The munitions output is expected
10 reach maximum in October and then to fall
slowly but steadily through the winter War orders
are still being placed will continue to be for some
time But they are being given only to the
most responsible companies whose handling of pre-
vious completely satisfied the foreign pur-
chasers
The explanation that the allies have so enlarged
and perfected their own industrial organization that
they able almost all the munitions
they will need if their present great offensive
campaign with its stupendous o ammunition is
long continued And Of there the possibility
that the may end before many months.
The reports of this situation gave the New York
stock exchange chill But the shock fol-
ton appreciated.
Some of the munition factories may have to be dis
mantled. They will be the important concerns,
which owe their origin solely to the munitions trade
They nearly all subsidized by foreign govern
ments that gave them their business. Many Of them
were built wholly with foreign money by the
Of their establishment properties to the for
e.gn when they have finished their work Their
elimination has been anticipated and discounted.
Most of the firms now busy on war contracts were
engaged other lines before the war be-
gan. and will resume them, take up new lines when
the orders all filled If war with Mexico de
velops our government will enable them to pro-
long their activity Otherwise they will
standard manufactures involving the creation of real
wealth sound permanent basis
Experts that ney expect that there will be no
serious disiocation the counrys industrial pros
pertyl This process has already started.
Domestic business for several months has been TAX
ing larger part of the nations productive
energy. The continuation strong demand for ali
kinds Of goods in the home assured by the
wonderfully favorable crop reports.
made remarkable recovery and the indicated pro
less than last years bumper crop Corn will be above
the average, the crop is expected to be the
second largest in the country's history.
The foreign market holds out just as fair promises.
AS Europe stops buying and ammunition it will
need vast quantities Of other goods replace
pleted stock and rebuild industries And the or
ders already coming The NIidvale ord
nance Co. has contract for $50 600 of rails to
make for Russia after filled CON
tracts the rate of $50 ton-twice the rate that
prevailed before the The United States steel
poraton has orders tons on the same terms
The is continued prosperity. a more uni
form distribution it. Wall street should be
FESTIVE, there why the nation should worry
Spectators may have an occasional scare-or pretend
they have-but the public will better: that it
will know better unless it permits itself 10 hum
bugged of knowledge by political dopesters.