Arizona sentinel., 1917-11-29
PATRIOTIC ECONOMY.

The necessity of patriotic economy will be evident if have finance in terms of labor instead of in dollars We have natural and have capital invested in tools of producton but with these facilities pro- ductve capacity is limited by the supply of labor By labor we mean the personal service whether of brain of baw of the forty million of who engaged in ganful patton.
 To carry on the war we shall epend at least SIP OOO 100000 per year. $33OOOOOO per day. This is much as Great Britain spending and 50 per cent than Germany spending and the figures so huge that few of us appreciate what they really mean
 Europe is already deeply in debt that she may never be able pay and the road to the condition Balance of trade statistics indicate that have made extra profit from foreign business since 1914 of $5OOO OOOOOO about per year. The effect of this enchng the country suggestive of the result of three years of impovershment at the rate of $8O00O00OO0
 Our normal annual savings about S4,00OOoo000 and not only will expenditure absorb all of these savings, but must find $8OO0OOOOO0 in addition. Dur ing the past three years present allies have obtained much assistance from but there country to whom we can turn we must carry our burden alone.
 Our savings go into public and private improvements including the extension of business enterprises These ngs will be available for until stop federal municipal and private improvements until forbid all is of securities except under federal cense following the example whereby England reduced the issue of industrial securities from $468 100000 the first half of 1914 $1 COOOO0 in the same period of 1917
 The danger of food famine has been brought home and making real effort to reduce consumption though efforts increase production being ser ously handicapped by the high price of labor.
 Immediately after the declared the president warned the country that everyone should produce less The idea that business be suddenly duced by of economy was shock to business and the cry business usua spread the country and caused the presidents appeal be forgotten Not only people spending usual but many conscentously be- lieve it their duty so to do
 Every dollar spent the consumption of labor We shall not be far wrong say that every $4 spent days labor and that every $12OO spent consumes years labor. expenditure of SIP 1000 will the labor of OOOOOOO people, 25 per cent of total labor supply This added demand during the great est labor famine in history which has increased modty prices 85 per cent since 1914.
 We have reached point where the increasing demand reduces the efficiency of labor and thereby reduces the ply, and facing further in commodity prices perhaps to exceed present conditions in England where prices up 12O per cent.
 The effective remedy is decrease consumption and imperative that everyone should make drastic ducton in personal expenditures The example be set by the rch but every and child must be drawn the until patriotic economy becomes the greatest fad the country has ever known
 Our young who try to avoid military service are slackers. Every of who will economze to help the war sacker Who will fail to spend less when he realizes that every $4 saved days labor contributed to the war? It is not question whether the income uses expenditure but whether the country afford to let you spend
 Even to prevent hardship have right spend to keep people in their usual employment for only by pro- of readustmen obtain the labor necessary for the Already the government resorting to price fix ing and other dangerous experiments because no longer submit the law of supply and demand We cannot increase supply but reduce the demand that the
 (Coninued