Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1917-06-08
Stop Wastage of Food, but Do
Not CurtaiI Necessities, Says
J. Ogden Armour.
URGES BUSINESS AS USUAL :"
Continuous Of Great Prosperity That
Has Ruled Country for Two Years
is Assured-Biilions Loaned
Allies to Be Spent Here.


Chicago-The United States Is In a
position where optimism is justified.
according to J. Ogden Armour In an
interview discussing the economic
condition and future of the nation.
"The prompt adoption by the Ameri-
can people of the 'business-as-usuar
Idea Is going to enable this nation to
prosecute war without experiencing a
temporary depression such as England
and France have recently recovered
from" said Mr.. Armour. Modern war
requires the expenditure of huge sums
of money and means maximum employ
ment and high wages for all workers.
Other conditions. peculiar to this war,
make II certain that this nation will
enjoy period OF business and indus
trial activity the like of which has
never been seen and which is assured
whether the war lasts several months
or several years."
No Reason for Alarm.
But suppose people become over
cautious as the result of the preaching
OF war economy--then what7' he was
asked.
There is some reason to believe"
he answered. shat economy rules will
be misnpplied for while, but condl- |
lions are such that the public will |
soon see. IL they have not already, that
there is no occasion whatever for them
to become alarmed.
Continuation OF the great prosper
ity that has ruled 10 this country for
two years Is assured. There is an
abnormal demand for everything the
workers of this nation can grow or
There is work at high
wages for every man and woman who
wants work; the earning power of the
people is restricted only by physical
the buying power of the
public Is greater than ever before.
There are certain guarantees of con-
tinued prosperity and of an ever Wild
enlng scope to our business and indus
trail life"
Releases Billions Here.
How about the billions of dollars
we are lending to our nlllesT" he was
asked. Wouldn't 1t be better TO keep
hat money at homer
AS n matter Of fact, II Is a mis-
nomer to call II a loan TO our allies"
Mr.. Armour said: "We are primarily
extending them credit. Instead of
sending billions of dollars out of the
the transaction means that {
'illlons of dollars will actually be freed
or circulation In this country. Prac- Z
ically all of the billions we lend our {
lilies Will be spent Ia this country for
he products of our soil and our fac |
cries and for payment of our workers. |
"We are the storchouse and the fac
money the world can get hold of the u
more will be sent here, and the more c
hat comes here. the more work and the I
more business will result. And In this 7
remember the government I
4 the United States Is now n buyer for y
var purposes and the dollars of Uncle o
lam already have begun TO pour forth
o stores. factories, and farms to pay
or the expense of mobilIzing. drilling. 3
and feeding the army and 6
avy. 4
"Under the civilian boards gathered 6
ogether by the president to direct the =
reat work of preparation. this nation 3
! going ahead. fortified against delay 2
nd mistakes through the intelligent =
ppllcation OF the lessons learned In q
.ngiand and In France. This applies 8
D industry as well as war. e
Time Most Auspicious Z
Il consider the present the most aus E
scious from the standpoint of national 3
In my memory. There is &
OF one good reason why the business +
this country should not proceed in =
5 normal course and on ever increas- z
rs lines. There Is not one reason why 3
eople should fear for the future or &
hould permit themselves to be swayed 8