The Lancaster news. [volume] (Lancaster, S.C.) 1905-current, 1916-05-30

that community, you will see tha,
influence is still having its effect.
Remember, we are all workinp
for one thing-happiness. We NAV
all have a different idea as to how
to get happiness. Some of us ma
think that money will bring it. some
may think honor, but the man that
is doing real constructive work for
his people will, to my mind. come
nearer getting happiness out of his
work than any other man out of anv
other kind of work.
Mr.. T.. p. Grice. cashier. Peoples
National Bank, Charleston. S. C..
was the next speaker and his sub
ject, Economic and Industrial Con-
ditions," was fun of sound and
forceful logic, and was listened to
with deep interest. Mr.. Grice said
in part:
When your secretary sent me an
invitation to address this Group, the
pleasure Of being with you overcame
n modesty, and l accepted: when
ne suggested that 1 say something
about Conditions when the war was
over, II hesitated. What did I
know about the results? Then the
thought came to me-a subject
could be disregarded. Also, sub
ject OF which we know nothing was
open to the widest conjecture.
nf
are being made, and theories ex-
pounded as to what will happen.
Some OF the arguments sound logi-
cal, yet no one can tell what will he
the outcome. imagine that first
we must know who will be the victor
! before any theory will have weight.
Let us start at the beginning. The
wisest of the wise predicted that in
a few months we would see the end
/ Yet twenty-five months of the most
strenuous fighting. and no indication
of the end,-and some theorists sur
mise that it has just begun. OF one
thing we can almost be certain
readjustment of Worldwide scope.
the extent of which de- ends on the
psychological condition of tho peo-
PIE.
i The northern and western section
of this great country of ours are i'm
the throes of prosperity. The vast
orders have all the machinery avail
able, working overtime; and the
nj ~
the producer good prices. The rail
road and transportation companies
are taxed to their utmost to move
the supplies. Now the problem is
to what use can we put these in
creased facilities, when the orders
are filled and trade gets back to nor
; NAL. The captains OF industry will
then have their opportunity.
Another problem that faces us is
the wage rate. Owing to conditions,
the scale Of wages has been increased
until the wage Garner has cultivated
the luxury Of living high. Will he
be satisfied to come down to a lower
level?-without a bump. Fortunate
ly for us Of the south, such questions
Will not agitate us seriously, for our
product-cOttOn- been hammer.
ed successfully, by the bears. and
the depression at the beginning o,
the war was fierce. Our senators
and congressman did their durndest
to hold up the price, but without
success, which proves that values are
aintained only by the law of dc
mand and supply. The selling pric,
Of cotton below the cost of nroJuc
ton proved to the farmer that diver.
sifcation of crops was ABSOLUTELY
necessary. The planting for HON,
consumption of course decreases tn
volume of business in supply centers
and reduces the circulation OF money
but self-preservation is the first law
and should not be ignored.
Now. let us look a little at the
finances. The London Statist exit.
mates that by reason of rapid accu.
mutation and importation Of capital
the wealth of the United States
doubles every twenty years. That
/ its productive power increases 100
per cent every ten years That. If
In war is Of long duration. this rapid
growth will be appreciably arrested
and check the rate of expansion n.
wealth, production. population.
The economic condition which IS