Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-06-30
over ECONOMY
WILL NOT HELP,
SAYS AUTHORITY

There is a public enemy right here
nj home which deserves tmmeolats
md drastic treatment, In the opinion
OF n ]. Irwin, sales manager TOT the
I,exIurton-Haryard company, Of Son'
nersyilIe. Ind, manufacturers OF the
Iexington car. Irwin says frankly
that he refers TO hystericsl economy
advocates.
M Twins business trip had taken
him over considerable poruon VI .s
West and he says that the mos eT
couraging feature Of II, from nis sIano
point, has been the fact that the ny
terical ECONOMY rumors appear !"
have had little effect. S.,
There are certain well meaning ~
niaeuided individuals who are 1oine
thel, best 10 bring on period OF IMAM
cIaI deuression," he said. They are the
nersons who by word OF mouth OF wiz
ter statement for the newspapers arg
sdyocattng unreasonable and hysterlcaI
.conomy. II they were more strong IN
rr,nbers and II their opinions carrleo
n,nre weight. the situation Wouio
E,daed be serious. Even now they oe'
serye drastic treatment, because, ~
controlled. they might pteciP''~'
serions trouble. -
sAny Individual with intelligence ano
fcralei,t realizes that II the people VIM
bayn money Co spend stop buying az the
stores the stores will fail and 60 INTO
i,snfruntcy, They have 70 have money
coming IN for their sooos OF tHCy ae
forced % close up shop ano oise .
their employees. Their orders 70 80
factories are then discontinued ano VIC
factories In turn, With the poosioie -.
ception Of those filling government
orders. must discharge their workmen'
IN the enc. q panic state OF depression
aInd vet there are men today who
are warning our citizens to hoard tneaf
money.
.syNhat the business world OF the
1,ntted states needs tho most now -
sane and intelligent public when VIII
- On living as Il has lived before. VI
.r,,rre. gross extrayagance should pc
Ss.contInned. II never should have ex-
ieted. am referring especiaiiy % Ae
average man who lives on tne assIss
income. II no conducts his nome &c =
Las been conducted IN the past ne
continues to buy and pay Tor MS nome
requirements In normal manner. ue
need have no fear Of the consequences
sWheu one stopc.to consider the NH
,lAns ~ Americans In the stores ana N
- rhops who are dependent on the
rshIIc FOR normal spending money the
koardinr Of that money makes possible
! financial depression which would DC
Sirartrous and obviously, the general
rahlln would suffer most because II
would Be thrown out Of work.
aFood economy 10 perfectly proper
and NECESSARY. But this hysterical CRY
~ Extreme economythis warning 70
ave everywhere and spend nowhere,
A. nothing less than en- Invitation for
fhe nublIc TO proceed and Dc the very
fhinT which creates depressions ana
Danics.
..When President wilson once re-
ferred 10 certain business depression
= nrychological, there were many who
rnade iIRht 81 the statement II Is true,
rcvcrthelees. that It was psycholoe- |
tcsl what Mr.. Wilson really meant !
was that the people had money 70
spend but were afraid 70 spend y anu
inasmuch as they did not spend ~
business was slack and prosperity
suffered.
"A depression ct this time would be |
strictly psychological. There IL no real
cause r Il.
eYou cannot TAX away from the pur.
chasing activity Of the people first the
money that ID deducted for taxation
and second the money that 10 hidden
away through fear, and have anything
left TO sustain business. For that req
son normal spending Of money should
20 on &C Jefore. business A. Usual
should be the watchword. :