Bisbee daily review., 1916-11-03
PROSPERITY NOT DUE
 10 DEMANDS OF WAR
Bulk Is Ordinary Business, De-
 cIareS Charles M. SchWab.
s2, 500, ,OO0, ,OOOTRADE BALANCE


 Show Vast Gains In Wealth-Under | Wilson United States Is a Creditor
 Nation For First Time - Munitions Business Only Per Cent of Total. 1 In answer to the cry of Republican politicians that the unprecedented pros perity that has come to America under the administration of President Will son is due to European war orders ! comes a statement from CharleA NJ. Schwab, head of the Bethlehem Steel ! Company. himself Republican, that refutes the charge.
 "It is a mistake to imagine that the order business" says Mr. Schwab in signed article in the October number | of System. "Even a casual inspection of the great volume of exports will | demonstrate that the bulk is drawn 1 from the ordinary course Of business. | it is also found that at present prices 1 domestic business is as profitable as foreign munition businsss.'
 No one can doubt the capability of MT. Schwab to judge the business situ- ation. nor can one gainsay the recent 1 figures issued by the Department of | Commerce In this report it Is stated ! that during the first eight months of the present fiscal year the exports of the United States showed a trade bal ance in favor of this country of ST. 730.O00.000.
 Trade Balance s2,5co, ,o0o, 900.
 Predictions are made that the trade balance for the entire year will exceed the unprecedented figure of s2,500.ok 900. The value of the exports for the eight months was S3,435. .969,212, an increase of $1. .205. .SS2, 100 over the same period last year.
 Another financial authority. too, has spoken - Charles Hayden. of Boston. He estimates that American securities held abroad have been reduced from $6OO0.O0O,O0O, before the war, to S1,- OO0,000,000 at tine present time. Coin- cidentaIly, the United States has be come a creditor of foreign nations, for the first time in history. to the extent of $1. .JOO.O00OO0. Under Wilson. there fore, we have wiped out SG.0000o0.000 of foreign Indebtedness. and are a creditor to the amount of S500O00O0O
 Mir. Hayden calls attention to the fact that this always was a debtor na- ton under Republican rule.
 All Classes Prosperous. And so. from all sections of the coun- try. from all kinds and classes of business, from the merchant. the manufacturer. the farmer. the work ingman, come reports of unparalleled prosperity. The Chamber of Com merce of the United States. in an off cial report. declares that basic stocks are rising, that railroad earnings 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 filling the coffers of the nation. It has sound basis for permanency, made certain by the laws enacted under the Wilson administra- tion. The President himself. in his recent speech at Baltimore, emphasiz- ed the value to the country of the Tariff Commission. the Trade Commis- sion. the Federal Reserve Board and the shipping bill. These enactments not only will stimulate the productive ness of the country. but will safeguard it's output and provide means of con- veying it to all the ports of the world How Business Has Gained.
 Here is just 2 glimpse at percent { ages. prepared by expert statisticians. that prove what the Wilson admins tration has done for the people:
 Increase in bank deposits. 6s per cent: money in circulation, 22 per ' cent; stock of gold in United States. 34.1 per cent: foreign commerce. 52.t per cent: balance of trade in favor of United States. 2S7.6 per cent; agricul- ' tural exports. All per cent; manufac- tured exports. 155 per cent; railway revenues. 47.6 per cent; value of gen eral crops and live stock. PA per cent; value of wheat crop. 6T.5 per cent; output of pig iron. 3j per cent; produc- ton of steel. 35.5 per cent; farm lands. , 12.7 per cent: men employed in manu , featuring. 23.2 per cent: wages paid ] in manufacturing. 4l.5 per cent; cap ital employed in manufacturing. 3O.o f per cent; value of manufactured prod ucts. 4l.2 per cent.
 So, it may be seen that all lines of in 7 dustry have profted under the great wave of prosperity that the Demo
 T ,s-sr Iu AND THE MUNITIONS BUSINESS 5 COMPRISES ONLY ONE PER CENT
 OF THE TOTAL OF MANUFAC TURED PRODUCTS.
 Is it the part of wisdom, therefore, to , gamble with prosperity such as this!
 Will the American voter dare to throw away sure thing?
 S TOO MUCH PROSPERITY