Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1917-05-18
GREAT WAVE OF
PROSPERITY HERE
War Brings Nation Face to
Face With a New
Crisis

New York, May is. - Different
business, but better business fol-
America during the war, was pre-
dicted to-day by Frank a. Wander
lip, banker and member of the la
bor committee of the Council of Ma
tional Defense advisory commission
Mr.. Vanderlip said the war will
call for readjustments, but not for
diminution in volume of business;
that times will be better than ever
before, and that the people should
be getting ready for top-speed pro-
duction that will utilize every energy.
THE sooner the public gets over
the idea that we want business as
usual, or can have business as
usual during this great war the
better for ALL" he said. I'VE want
to stop all unnecessary work and
unnecessary expenditure short off,
and concentrate on the immense VOL
ume of work which has to be done.
Businessmen should get rid of any
foolish fears that economy will bring
on a general paralysis of industry
or trade.
There is no danger of not hav-
ing work for everybody; the trouble
is that there is more work in sight
than can possibly be done, and the
uestion is whether we shall cut off
luXuries or necessities. 1t is alb
of the danger of unemployment and
TO urge that the people shall go on
buying what they do not actually
need in order to keep labor from un-
employment or to maintain busi-
ness as usual.
How is labor to be had to make
uniforms unless it is released from
making other clothes; how are looms
TO be had for blankets unless re-
leased from something else; how is
steel to be had for ships, tin cans
and agricultural implements unless
other consumption is curtailed; how
are women to be had for offices
unless released elsewhere? And,
finally how are we to put $1,000
100000 or SS,000,0U0,0 of purchas-
ing power at the disposal of the gov
ernment unless we curtail our in
dividual expenditures?
The country should Immediately
awake to the fact that it has great
task in hand, and that it cannot
carry on a war like this with one
hand and continue to do all the busi-
ness ii did before with the other.
Most of the argument against
economy assumes that the people
who economic will hoard their
money. That, of course, would be
IOOllSn, out IL tney lend their saw
ings to the government it will find
its way directly back into circula-
ton in providing for the govern
ment's needs.
These bond issues will necessitate
more taxation in the future than in
the past but the person who prac-
tices self-denial nov in order to buy
a bond not only aids the govern
ment, but provides an offset to fu-
ture taxation on this account. The
individual who takes his share of the
bonds will pay his taxes into his own
pocket.
Every community should be
closely organized for subscriptions to
these loans. Once the habit of saw
ing to buy a bond is established il
Will not be abandoned when the war
is over, but a million new springs |
of wealth will he developed to helm |
on the development of industry and /
the progress of society in the future. /
Parents should buy for their chill l.
dren and employers should joln
hands with their employees in the
name of a common patriotism and .
TO bring an end to the worlds last
great war"