West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1916-07-27
Prosperity Notes

AZ least there is one item in which
Democratic prosperity shows a falling
OF, Bradstreet's reports IA decline OF
50 per cent in commercial failure LA
bilities.
For six months of 1916 Bradstreet's 5
finds that bank clearings have aver
aged approximately $4,000. 900 per
month. Can the tall MIR Fairbanks
prove that this is less than the 1912
Republican record of $4,000. .OOO. 600
per month!
Against foU"year gain OF more
than SS.00O,0OO,c.o or 80 per cent. I'm
the country lank deposits. Repub-
licans orators will have to Ego some"
to convince the American people that
the country can not prosper under
Democratic administration.
Bradstreets building record shows
that in the second quarter of 1916 the
country invested S266, 00O. 900 I'm per-
manent building improvements, which
IS 81 per cent above last year. This
is another hard blow to the RepubIi-
can idea that prosperity rests upon
war.
There is only one business record
OF Republican days which Democratic
prosperity has not demolished and
that is the Sl7S.0OO. 900 of failure liza
bilitios brought about by wall street
and Republican administration I'm
l9O1-l9ON which still stands as the
worlds panic record.
The first six months OF 1916 show
new industrial and financial incorpor-
auons of 81 500. 900 600 This Is 20 nor
cent of the greatest l2-months record
under Republican administration
Moreover, il kills the chief Republican
campaign slogan, that business fears
the approach of peace
There are 100000 tons of steel mer-
chant vessels now building I'm Ameri-
can shipyards against 100000 under
Republican administration i'm 1912;
and yet the Republican platform do
clares that only under Republican sub
sidy and subventions car Americans
build and sail ships.
with the eight great Middle West
states of the upper Mississippi valley
reporting an increase OF S65S. 900 600
or 30 per cent. in their bank deposits
since 1912, II will not be easy sailing
for the Republican propaganda TO
prove that Democratic prosperity
hangs upon war exports. especially
when the Middle West deposit growth
is three times heavier than that of
New England.
After the Hughes Fairbanks plat-
form has solemnIy announced that
only Subsidies and subventions pro-
duce merchant navies. IL is unkind I'm
the commerce department TO file n
2OO-page export report showing that Or
per cent of the British merchant ma
rine consists of unsubsidlzed cargo
carriers. and that the Hamburg Amer
'can the great German line. never re-
ceiyed a dollar OF subsidy.
Bradstreet's prosperity index-bas-
ed on bank clearings and values of
leading bonds and shares-shows that
the ratio Of the Republican prosperity
OF 1912 to the Democratic article OF
1916 Is 9l8 to 1143-or n margin OF
2f5 per cent In favor of the Demo-
cratic brand. Can. Messrs. Hughes
and Fairbanks prove that 9.1S is great
er than ll43? That is their contract
between now and November.
The Wall Street Journal reports that
securities aggregating a par value of
$lA52,000OOO were admitted TO deal
ings on the New York stock exchange
during the first half OF 1916. This is
so per cent Of the greatest full year
record that OF 1912 in Republican
days And yet the w. S. J. bemoans
the fact that Wall street has to sub
NIT 10 Democratic administration in
stead of the old Republican practice
Of the government bowing to Wall
street