Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1916-10-26
PROSPERITY NOT DUE
TO DEMANDS OF WAR
p,lk Comes From Ordinary Bust
ness Channels, Declares
Charles N. SchWab.
s2.5oo,o0o, 0ooTRADEBALANcE
o.,artment Of Commerce Shows Vast
Gain In Wealth Under Wilson,
Munitions Business Is but One
Per Cent. Of Total.

Per Cent. Of Total.
:. answer to the cry of Republican
politicians, that the unprecedented
nrosperity that has come to America
under the administration of President
wilson is due to the European war
orders, comes statement from
Charles NJ Schwab, head of the
bethlehem Steel Company, himself a
Republican, that refutes the charge.
at is a mistake to imagine that the
major portion Of our business 10 war
order business" says Mr.. Schwab, In
signed article In the October number
AZ system. "Even q casual inspection
Of the great volume of exports will
demonstrate that the bulk 10 drawn
from the ordinary course Of business
II is also found that, at present
prices, domestic business Is as profit
able as foreign munition business"
No one can doubt the capability of
Mr.. Schwab to Judge the business stu
alton, nor can one gainsay the recent
figures issued by the Department of
Commerce In this report, 1t is stated
that, during the first eight months
of the present fiscal year, the exports
of the United States showed a trade
balance in favor Of this country Of
$1,73O0c0.0OO.
Trade Balance $2,5oo, o0o, 900.
Predictions are made that the trade
balance for the entire year will ex-
coed the unprecedented figure of ST..
5OO,OOOOOO. The value of the exports
for the eight months was So, 1876 $3.50.
212. an increase Of $1,2O5. S82, 100 over
the same period last year.
Another financial authority, too,
has spoken-Charles Hayden, Of Bos-
ton. He estimates that American
securities held abroad have been re-
duced from $4,000, 100000, before the
war. to s1,0O0,OOOOOn at the present
time. Coincidentally United States
has become credilor of foreign ma
tons, for the first time in history, to
the extent of $500, 100000. Under VIII
son, therefore, we have wiped out
$6,0000O0,000 Of foreign Indebtedness,
and are a creditor to the amount of
s5O0OOO,OOO
Mr.. Hayden calls attention to the
fact that this always was a debtor
nation under Republican rule.
All Glasses Prosperous.
And SO. from all sections of the
country, from all kinds and classes
of business, from the merchant, the
manufacturer, the farmer, the work
lngman, come reports of unparalleled
prosperity. The Chamber of Com
merce of the United States, in an
official report, declares that basic
stocks are rising, that railroad earn
ings are abnormally high Indicating
the great movement of commodities)
and that the national prosperity will
continue.
Not temporary prosperity, due to
the war, is this that is filing the
eoHers of the nation. It has sound
oasis for permanency, made certain
oy the laws enacted under the Wilson
administration. The President him
SELF, In his recent speech at Balti.
more emphasized the value to the
country of the Tariff Commission, the
Trade Commission. the Federal Re
serve Board and the shipping bill
lhese enactments not only will slim
uiate the productiveness of the coun
Try but will safeguard its output and
provide means of conveying it to al
the ports of the world.
How Business Has Gained.
Here is just glimpse at percen
.ages' prepared by expert statisticians
.'iat prove what the Wilson Admins
uation has done for the people:
increase In bank deposits, So PEI
vent money In circulation, % pc
Gent; stock Of gold in United States
o1'i per cent; foreign commerce, 81
PEI cent; balance of trade In favo
VI United States, 2S7.6 per cent.
ssnculturai experts, I'll Der cent.
.aufactured experts, 1855 per cent.
away reyeases. 37.6 per cent. valu
seeerai crops and 1--we stock, II.
~ ceat; value Of wheat crop, o7J
- cent; estput Of pig iron, Is pc
ut; production Of steel, 85.5 De
1t: farm iaads, l2.7 per cent. me-
1p'eyed In manufacturing, 2S.2 pc
wages paid In manufacturina
40 per ceat; capital employed Il
,norscturiag. 500 per cent; valu
esot.
80 nay be seen that all lines Q
sssoy have profited under the gres
80 q prosperity that the Demo
uc ADMINISTRATION has wrought.
AND THE MUNITIONS BUSHES
o UhPRIsEs ONLY ONE PER GENT
VI THE TOTAL OF NANUFA(