The Tucumcari news and Tucumcari times. [volume] (Tucumcari, N.M.) 1907-1921, 1916-06-29
WAR BUSINESS
DROP IN BUCKET
CONSTITUTES ABOUT i.e1 PER
CENT OF GROSS NATIONAL IN.
COME FROM ALL SOURCES.
GO. P. BOGEY EXPOSED
Munitlon Products Exported by Unit.
ed states Only rs Per Cent OF
Annual Production.

sentative in his statement of facts
when, In "A letter to Assistant Score.
tary of the Treasury Malburn, ne
said the wal business Of this country
Is less than 8 per cent OF the total
The total domestic business OF the
United States IN 1916 easily will
reach s42. 600. 600, 900.
The manufactured product alone
will reach n value OF $40. 900, 900 900.
The agricultural product which does
no pass through process OF manu-
facturc will approximate in value 81.
600. OOO, 0O0.
The product OF the mines, such as
coal, natural gas. building stone. sand
and gravel, which does not go through
tho manufacturing process. will ap.
proximate s2.50U.000, 900.
There IL fully $4,000, 100000 worth
OF manufactures produced outside o.
the industrial ccntcrs and the large
plants covered by the census OF manu-.
features in small shops and homes
and iE villages and hamlets-not in.
cludcd in the above $50. 900. 0OO. OO0
total.
There is 81 ,OoO, 0oO. 900 worth OF un.
manufactured products exported.
There is another 1900, 900. 600
worth OF miscellaneous production. IN.
GLIDING the manufactured portion OF
the forestry and fishery product.
Yearly Incomes 10000. 600. 900.
So we have $40. 900. 900, 900 to 3N5.
200, 600, 900 worth OF commodities al
together, not including earnings ~
railways, banks, Wholesale and retail
M AFn0 nNNIA hnHNaAn LIaH
ping and so on. which make a total
annual income approximating in this
year OF record prosperity not less
than SEQ 0O, 900, 900.
Tho above II a rough estimate ~
the total business OF the country
What 10 the volume Of war bust.
ness"
There are two senses in which tho
torn war business may be take~
First, there Is the munitlon businc
exclusively. This. though large "a
compared with It's former peace 10
tai. is scarcely n drop in the bucket
rs compared with the country's bust
ness total.
For the entire twenty months Of
the war down 10 March 81. 1916. me
total exports OF explosives and fire
arms amounted 10 100000 or =
per cent OF the antire $500. O0o. 600
OF exports during that period
For the single calendar ven 1913
exports OF explosives and firearms
totaled approximately $500. 600. 600
For the sake OF argument, let us sup.
pose that munitlon exports in 1916
reach $500. oo0, 900.
Lsss Than One Per Cent.
This Ia less than three.fourth OF I
per cent OF the country's total pro.
duction OF commodities a%gEregating
$40. 600, 900. 900.
However. the term war business"
Is much broader, IN the SENSE used
by Secretary Redfield. than "muni.
ton business" II includes all sup
plies used for val purposes. including
leather and wool goods, chemicals,
horses, automobiles, gasoline. and a
large supply OF agricultural produc.
lions. including breadstuffs. meat
and dairy products, and has been esti.
mated by some authorities at about
81 .0o0,O 600 900 for the calendar year.
The total war business" in this
sense In about "a per cent OF the
country's total production.
n We take the total income OF the
United States from all Industrial
sources plus railway, banking, insur.
anco. mercantile. shipping and other
earnings, which may DO roughly esti.
mated nj SEQ, 000, 900, 900, we find that
the war business Is 1.67 per cent OF
the total.
In any sense OF the term, therefore,
thl UnF h~nGinnQu ~ shn IFltnA
States Is such a small percentage OF
the total that politicians who are Do.
pending upon the loss OF war bust.
ness as a bogy 10 scare the American
people are likely TO get disappointed.
Exports to All Countries.
The fact Is, the total volume OF our
exports TO all countries, belligsrent
and neutral, and for all purposes, In.
dustrIal, commercial and wars only
. per cent Of our total production.
Moreover, the present total produc.
ton for domestic uses only. aftor de-.
Quoting exports, Ia far greater than
the total production both for domes.
tic and export demand In 1918 and
former years.
Finally. the present prospect IL that
the end OF the war, by restoring TO
us a market for $500, 600. 900 OF ex.
ports to Germany, Belgium, Austria.
Hungary and other bclligerents-a
business which now Is almost a rom.
plsta loss-will not materially reduce
even the total volume OF our exports.
II should be borne In mind that the
war now shuts out an export trade
which is nearly double tho annual
volume OF the munItion exports.
BY way OF summary We find the
facts ms regards war business 70 be
these.
!. Munition products exported 10
Europe constitute only three. fourths
OF | per cent OF the total annual pro.
duction.
. Total exports for war
Approximate "a per CEN Of the total
production.
3. Total war business constitutes
about Let per cen OF the gross ma.
tional income from all sources.
T. Cessation OF war will restore 10
the United states $500. OOO, 900 OF ex.
ports, which Is about double the pres.
ent annual munltion exports.
Hurrah for America First and the
First American,