South Bend news-times. (South Bend, Ind.) 1913-1938, 1916-06-17
JUNE II, 1910.
THAT PROMISED PANIC.


With it proven certainty that only about five
per the industrial operations of the country
the consequent prosperity, is the result the
manufacture Of war munitions and supplies, the re-
publican stretch OF imasinaton-or ignorance dis
respect for truth-whch sees a calamity just around
the corner. demonstrates again extent
grand old party's hardUpness for issue. That is
about the thing to hard times dscernable
a really discerning eye anywhere for years
There being panic TO pirate about the dope makers
seem o discovered that about next best thing
is prophesy one pretending that the present pros
perity is blood prosperity, that when the is
over everything go the bow vows, for sure,
that is unless the republicans in power
the Of the matter is that instead the
relieving the hard times which republicans
psychologically LED the country two years ago for
political effect, they deliberately kicked into the
boneyard the establishment of the federal reserve
banks yanking control of the money of the nation,
as needed in business away from Wall st. where
panics are manufactured and republican campaigns
financed Bankers of Wall st. themselves admit
there can never be another money panic this
country; that of course, unless republicans get
into power and repeal the federal bank act.
But this is all. Standing against the posi-
bility. probability of panic following the war
the fact that Europe is going to need then much
more than she needs now. this in addition to her
having more than she can do to rehabitate herself
European and European goods after the war,
our best promised trouble will TO get Europeans
and European made goods, quite much as We
being troubled that way at present Throughout
that entire continent things generally are going to the
vows. humanity included Railroads are being
kept up. except military lines; bridges rails roll
ing stock and repair equipment all wearing out
Likewise the factories are running down, except as
they given to the manufacture of war supplies.
The buildings and machinery for scores of peaceful
industries is broken rusting. Thousands of public
buildings falling into disrepair.
Millions of houses. which have suffered from
shell battle are need of shingles paint
nails whitewash wall paper and window glass. Cook
ing stoves are in bad shape Washboards and scrub
pals and broons Furniture is going to
pieces. Upholstery is threadoare Rugs are getting
full of holes
Carpenters and painters plumbers and black
smiths tools and those OF other trades
wearing out. Farm machinery and gardening
Implements hopelessly inadequate. Livestock Is
scarce.
Two three or four hundred million people ac-
eustomed least moderate degree of decency
and comfort, not buying clothes personal
veniences everything pershabe that they possess
the ragged edge.
what enormous lot OF things the people and
governments of Europe will to buy after the war.
Billions upon billions of dollars viii have to be spent
Tor rails cars cement lumber steel glass machinery
tools. clothiny and an the myriad needs of great
industrial society before that society start again
anywhere its old basis.
And who viii provide most of this vast quantity
goods To re-equip Europe The United states. Of
And Europe viii pay what il; has left,
and so i'm debt Tor the rest giving MS a virtual
MORTGAGE ON that continent
And yet there are Amercans-who claim to be i'm
teiiigent-vho pretend TO fear that the close
viii bring as hard times