The weekly soliphone., 1917-05-17
BUY AS USUAL AND KEEP CASH MOVING
 England's Condition Pointed to as Evidence That Prosperity Will Be Full-Fledged.
fBy John Temple Graves)

(By John Temple Graves) Washington, May 14.-The Coun- Icil of National Defense, deeply i'm pressed with the necessity of estab- Elishing business confidence as bet tter policy for the country than strenuous hoarding, is preparing [ from the facts and statistics an l early announcement that will reas- fsure the country as to business af- fairs in the several lines of mer- Ichandise and trade.
 1 In the meanwhile, the Council oi Defense believes it a wise and
 wholesome policy for newspapers and public speakers and all public
 and private voices to proclaim the
 doctrine of cheerfulness as the foundations upon which rests the
 reasonable hope of continued gen
 eral prosperity of the country. It is distinctly the atmosphere oi
 this serious council of great busi'
 ness men that there is not going Ito be any panic in our country be lcause of the war. The fact that we must do a greater volume of busi. Iness now than in any previous year is the guarantee of activity anG
 money.
 l ENGLAND PROSPEROUS. <, The condition of England dur ing the war is cited to emphasize Ithis assurance. England's battles
 have been fought on the soil O. other countries. Ours will be also l England has practically ii
 nanced the war budgets of France
 and Italy and Russia, and yet, witt all this tremendous drain England lhas maintained steady activit! land prosperity in her shops an( stores and business establishments lWith vastly superior business con lditions in our country, we may b'
 sure that when this temporar! lspasm of economic apprehension
 and of frenzied economy is over, w
 shall settle into this steady curren
 of trade and make money as Eng llish tradespeople are doing.
 The northern and western state
 tradespeople continuously mad
 money during the Civil war. l Twill be six months before the pincl lof hard times could come to ou tcountry, and with the precautions taken, it is not likely to come a Iall.
 I It is by the records a mistakeI Eidea, thinks the Defense Council Ithat because a nation is at wa Epeople should skimp and economic land deny themselves the thing (which they would purchase unde natural conditions.
 KEEP MONEY CIRCULATING. This idea, if followed, is logical Fly calculated to bring about tn, livery condition that it is most anX Iious to avoid The Defense Coun |cil in it's announcements will say: I "To prosecute a war successful, requires money, and lots of it. Tn, |only source from which money cal be obtained is from the people wht thave it."
 "The only way that people cal Iget money is by producing some lthing, whether the product be tha [of brain or Drawn, and exchangin; lthat product for money. Then, tn, Iuse of that money to purchas,
 something which somebody els, lproduces keeps it in circulation, en |couraging production and further ling business activity.
 | "A single dollar in active circu
 lation contributes more toward pro
 moting general prosperity than th'
 entire wealth of this nation if al
 lowed to remain dormant This i,
 the creed of these great bushes,
 men.
 There is more money in tn,
 country today than ever before il
 our history. The government ii
 preparing to raise several billion!
 of dollars, but that does not meaI
 that these billions are to be with
 drawn from circulation"
 On the contrary, much of it, i
 not the greater part of it, will fint
 it's active way into the channels O.
 trade, through the purchase O
 food. textiles. clothing and equip ment for the armies of many ma tions, including our own. MUST CONSERVE FOOD. The individual who thinks he is helping his country's cause b, practicing "extravagant economies is unwise and preiudiced to the general welfare.
 The one essential and imperative economy is to conserve our food supplies by avoiding wastes every where and increasing production The millions wasted here should be resolutely saved.