The Kenna record. (Kenna, Roosevelt County, N.M.) 190?-1924, 1916-07-07
WAR BUSINESS
drop IN BUCKET
CONSTITUTES ABOUT i.67 PER
GENT or GROSS NATIONAL IN
come FROM ALL SOURCES.
G.O.P.BOGEY EXPOSED
Munition Products Exported by Unit
ed States oniy rs Per Cent Of
Annual Production.

There Is no question that Secretary
OF Commerce Redfield was ultra-con-
servatiye in his statement OF facts
Eher, in a letter to Assistant Secre-
tary 5f the Treasury Malburn, he
said the war business Of this country
Is less than 3 per cent of the total.
The total domestic business of the
United States in 1916 easily will
reach $4,000, 100000.
The manufactured product alone
Will reach value of 100000, 100000.
The agricultural product which does
not pass through process OF manu-
facture will approximate in value ST.,
O00,O00000.
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 S2,5OO,O00,000
There ID fully S9,OOO,Oe0,00O worth
OF manufactures produced outside of
the industrial centeTs and the large
plants covered by the census OF manu-
factures-in small shops and homes
and in villages and hamlets-not in
cluded in the above s30,00o,000,000
total.
There is $1,0OO,O00,000 worth of un-
manufactured products exported.
There is another $1,000.000, 900
worth OF miscellaneous production, in
Guiding the manufactured portion Of
the forestry and fishery product.
Yearly incomes $4,000, ,oOo, 900.
so We have S42.60g. .6s9,g0e ia s4E,-
900, 100000 worth OF commodities al
together, not including earnings Of
railways, banks, Wholesale and retail
mercantile houses. insurance, ship
ping and so on. which make a total
annual income approximating in this
year OF record prosperity not less
than $G0,0O0,OO0,0OO
The above is 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 'Wsr business" may be taken.
First, there is the munition business
exclusively. This, though large as
compared with its former peace to-
tai, is scarcely drop in the bucket
as compared with the country's busi'
ness total.
For the entire lsventy months oil
the war down to March 81, 1916, the
total exports OF explosives and fire
arms amounted to $3S0,000000, or 6
per cent Of the entire $500, 100000
of exports during that period
For the single calendar year 1915
exports of explosives and firearms
totaled approximately $20O,000O00
For the sake of argument, let us sup
pose that munition exports in 1915
reach S3O0OO0,0OO.
Less Than One Per Cent.
This is less than three-fourth of
per cent of the country's total pro
duction Of commodities aggregatins
| $4,000, 100000
However, the term war business
is much broader, in the sense uset
by Secretary Redfield, than "muni
tion business" It includes all sup
| plies used for war purposes, including
leather and wool goods, chemicals
horses, automobiles, gasoline, and ;
large supply of agricultural produc
tions, including breadstuffs, mea
and dairy products, and has been esti
mated by some authorities at abou
81 900 100000 for the calendar year.
The total war business" in thi
sense is about "a per cent of tn
countrys total production.
If we talkc the total income Of thi