The Bridgeport evening farmer., 1916-06-20
TOTAL WAR BUSINESS OFU, s. SMALL PART OF PROSPERITY Constitutes About 1:67 Per Cent. of Gross National
 Income From All
 Sources.
RECORD EXPOSES
 C.. o, P. BOGEY
Munition Products Export ed Only 75 Per cent of
 Annual Production.

There is no question that Secretary of Commerce Redfeld was ultra-con- 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 1 less than per cent. of the total.
 The total domestic business of the | United States in 1916 easily will reach l $42, ,000,OOO,O00.
 The manufactured product alone will reach a value of $30,OOO, 100000. |
 The agricultural product which does not pass through process of manufacture will approximate in value O,o0o,OOo.
 The product of the mines, such as coal, natural gas, building stone, sand and gravel, which does not go through the manufacturing process, will approximate $2,5OO,O 100000.
 There is fully $3,OOO,O00,0OO worth of manufactures produced outside of the industrial centers and the large plants covered by the census of man. ufactures-in small shops and homes and in villages and ham1ets-not i'm cluded in the above $30,000, 0.000 total.
 There is s1.ooo. 100000 worth of un- manufactured products exported.
 There is another $1,00O, 100000 worth of miscellaneous production, in cluding the manufactured portion of the forestry and fishery product
 Yearly Income $6O, ,OOO, ,OOO, ,O0O
 So we have $42,O0O,0 100000 to $45,- 000,0O0,000 worth of comm odities al- together, not including earnings of railways, banks, wholesale and retail mercantile houses, insurance, shipping and on, which make a total an nual income approximating in this year of record prosperity not less than $60,0OO, 100000.
 The above is a rough estimate of the total business of the country.
 What is the volume of war busi- ness?
 There are two senses in which the term t'war business may be taken First, there is the intuition 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 twefty months of the war down to March 31, 1916, the total exports of explosives and firearms amounted to $3SO.O0O,OOO or per cent. Of the entire $5,5OO,0O0,000 of exports during that period.
 For the single calendar year\e1915 exports of explosives and firearms tota1ed approximately O,0OO,OOO. For the sake of argument, let us sup pose that munition exports in 1916 reach $300, 100000.
 Less 4I6n On0 Ter OOHIs
 This is less than three-fourths of 1 per cent. of the country's total pro- due of commodities aggregating $42,- 900. 100000.
 However, the term ''war business" is much broader, in the sense used by Secretary Redhe1d, than 'muni- ton business It includes all sup plies used for war purposes, includ- ing leather and wool goods, chem ica1s, horses, automobiles. gasoline. and a large supply of agricultural pro auctions, including breadstuffs, meat and dairy products, and has been es- timated by some authorities at about $1 1000, ,0OO,O00 for the calendar year. The total war business in this sense is about 2.4 per cent of the country's total production. If we take the total income of the United States from all Industrial sources plus railway, banking, insur- ance, mercantile, shipping and other earnings, which may be roughly esti- mated at $60, 1000, 100000, 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 depend ing upon the loss of war business as a bogy to 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, belIiger- ent and neutral, and for all purposes, industrial, commercial and war-is only per cent. of our total produc- ton.
 Moreover, the present total produc- | tien for domestic uses only, after de- ducting exports, is far greater than l the total production both for domes- l tic and export demand in 1913 and l former years
 Finally, the present prospect is that 1 the end of the war, by restoring to us a market for $5OO,0O0,0O0 of exports l to Germany, Belgium, Austri1 1Iun- gary, and other bel1igerents-a Sbusi- 1oss-win not materially reduce even 1 the total volume of our exports. l It should be borne in mind that l the war now shuts out an export trade | which is nearly double the annual volume of the munitions exports. l By way of summary we find the facts as regards war business to be 1 these:
 1. Munition products exported to Europe constitute only three-fourths | of 1 per cent. of the total annual pro- duction.
 g. Total exports for war purposes approximate 2.4 per cent of the total production.
 8. Total war business constitutes l about 1.67 per cent. of the gross na- l tional income from all sources. | A. Cessation of war will restore to the United States $50O,0oO,oO0 of ex- l ports, which is about double the present annual intuition exports.
 UP-To-DATE.