The state herald., 1917-02-23
Europe Faces Huge Shake.Up In
Finance and Politics When
War Ends.
TROUBLE AHEAD FOR AMERICA
This Country viii Have to Pay Debts
and Conduct Business More EN-.
elentiy-Purpose Of Pay.Up
Week Explained.


bound to reorganize their whole busl-
ness world, their social world, and
probably their political world. The
immense debts that have been piled up
will compel each Of the nations to do
business in the most efficient Of all
possible ways. going, perhaps. to an
extreme of state control Of all COM
merce and industry. And this organi-
xation of business intercourse will con-
tinue for many years. The weight Of
business competition. manufacturing.
transportation, selling and buying will
be directed chiefly against America
because Of our immense national
wealth md largely because Of our
proverbIal wastefulness and slipshod
business organization.
From manufacturer to wholesaler.
from wholesaler to jobber, from job
Der to retailer. pnd between retailer
and customer there is bound to come
a closer and more compact relation.
Open book accounts will give place to
trade acceptnnces, credits which can
be discounted for their full value, and
keep active In open channels the
money heretofore tied up in open book
accounts. This change is already be-
ing earnestly advocated by national
business associations as one Of the
first and most necessary steps In the
mobilization Of American business.
Rough for Retailers.
This change will fall hardest, per-
haps, upon retail merchants. These
persons are the only ones In the whole
chain OF business relations who trans
act business with acquaintnnces and
neighbors and friends. and who are
approached In business from the per-
sonal side. Credits will have to be
extended to consumers for longer or
shorter periods Of time. but new ele-
ment must be recognized rs having
come In and new relations between
merchants md bankers and consumers
will have TO be worked out.
/ Viewed from the social side retail
trade has n new and vital importance.
a place In the scheme Of commNnity or
ganization which cannot safely be sacri-
feed. Much blatant nonsense has been
published nbout abstract middlemen.
Concrete business men and business
women In most communities pay more
taxes In proportion to ability md
wealth. pay more generously to pro-
mote ail public improvements. and
give more time and energy to welfare
projects for the benefit OF the whole
community than do any other class Of
citizens.
Need Better Service.
Much better facilities have need to
be provided nt trade centers for the
sale OF farm and local products. and
much better service 10 the whole trade
territory must he worked out TO sup.
ply 10 nli consumers nll their needs
ut prices ms low MS can be hnd else
where. This IN NIL matter OF local
correlation between produccr.consum.
ers and consumers and the distributors
OF goods nnd service. II will not
be worked out In n dny nor n month
nor single year, but pressure from
abroad will compel quite radical
changes In domestic relations md hab-
Its.
Clearing up nil outstanding md un-
secured accounts IL one Of the very
first Indispensable steps TO putting
American business on secure and
stable foundation. A pny'up week
embodlcs fine idea. putting n general
sentiment behind good work md pop
ulnrizIng clearer notion OF business
duties resting upon nll citizens.
The Americans must bear the brunt
Of world competition for hnlf n cen.
tury or more after the most revolution
nry wnr In history. From the hum
blcst consumer to the chief capital.
lists OF the nation compact business or
gnnlzntion ought 10 DO maintained With
~ Pal la.