The Bridgeport evening farmer., 1916-07-11
WAR BUSINESS SMALL COMPARED
 10 TOTAL BOOM
Secretary Redfield's State. ment Shows General Pros
 perity of Country


 servative in his statement of facts when, in a letter to Assistant Secre- tary of the Treasury Malburn, he said the war business of this country is less than 5 per cent. >of the total.
 The total domestic business of the United States in 1916 easily will reach $42,00O, 100000.
 The manufactured product alone will reach a value of $30,000,000,O00.
 The agricultural product which does not pass through process of manufac- ture will approximate in value $7,000,- 000,000. "A
 The product of the mines, such as coal, natural gas, building stone, sand and gravel, which does not go through the manufacturing process, will ap- proximate $2,500.000. .000.
 There is fully $3,0O0, 900, 900 worth Of manufactures produced outside of the industrial centers and the large factures- in small shops and homes and in villages and hamlets-not fn- eluded in the above $30,000, 900, 900 total.
 There is $1. .0O0. 900, 900 worth of un-
 
 There is another $1,0o0, 900, 900 cluding the unmanufactured portion of the forestry and fishery product.
 Yearly IneoSne $eO. .O0O, COG. 900.
 So we have $42,O0O, 900, 900 to $45,- o00.000,000 worth of commodities all together, not including earnings of rail- ways banks. wholesale and retail mercantile he ases. insurance, shipping and SO on, which make total annual income approximating in this year of record prosperity not less than s60,- coo. 900, ,000.
 The above is I rough estimate of the total business of the country
 What is the volume of war business? There are two senses in which the term war business may be taken, First, there is the munition business exclusively. This, though large as compared with it's former peace total, is scarcely a drop in the bucket as compared with the country's business total.
 For the entire twenty months of the var down to Mareh 31 1916, the total exports of explosives and fire arms amoupted to s330.OOo, ,000, or 6 per cent. of the entire $5,500, 900, 900 of exports during. that period.
 For the single calendar year 1915 exports of explosives and firearms to- tailed approximately $200, 100000. For the sake of argument, let us suppose that munitien exports in 1916 reach $500, 0,o0o,0 900.
 Less Than One Per Cent. This is less than three-fourths of 1 per cent of the country's total produce tion of commodities aggregating $42.- 900, 100000.
 However, the term vwar business" is much broader in the sense used by Redfield. than intuition business" It includes all supplies used for war purposes, including leath- CT and wool goods, chemicals. horses. gasoline, and a large sup ply of agricultural productions, in- cluding breadstuffs, meat and dairy products and has been estimated by some authorities at about s1,000,000,- 900, for the calendar year. M A
 The total war business'' in this sense is about 'a.4 per cent. of the ceuntry's total preduction.
 If we take the total income of the United States from all industrial sour ces plus railway, banking. insurance, shipping and other earn ings. which may be roughly estimated at s60,000, 1000, we find that the war business is 1,67 per cent. of the total.
 In any sense of the term, therefore, the war business of the United States is such a small percentage of the total that politicians who are depending upon the loss of war business as a boz BY to scare the American people are likely to get disappointed.
 Exports to All Countries.
 The fact is, the total volume of our to all countries, belligerent and neutral and for all purposes. indus trial, commercial and war-is only 3 per cent. of our total production.
 Moreover, the present total produc- ion for domestic uses only, aftdr de- ducting exports, is far greater than the total production both for dames- tic and export demand in 1913 and former years.
 Finally, the present prospect is that the end of the war, by restoring to us ! market for $500, 900. 900 of exports to Germany, Belgium, Austria Hungary, and other belligerents-a business which now is almost a complete loss will not materially Feduot even the .otal volume of our exports.
 It should be borne in mind that the war now shuts out an export trade | which is nearly double the annual vol lme of the munitAon exports.
 By way of summary we find the 'acts as regards war business to be hese:
 l. Munition products exported to Europe constitute only three-fourths of per cent. of the total annual pro- lpotion.
 2. Total exports for war purposes approximate PA per cent. of the to- al production.
 8. Total war business constitutes ebout 1.67 CT cent. of the gross na- ! ional income from all sources.
 4. Cessation of war will restore to he United States s500,00O,O00 of ex- ports, which is about double the pres mt annual intuition exports. PAPER LAUDS