Gilpin observer., 1917-05-31
Stop Wastage of Food, but Do
Not CurtaiI Necessities, Says
J. Ogden Armour.
URGES BUSINESS AS USUAL y
Continuous Of Great Prosperity That
Has Ruled Country for TwoxYears
Is Assured-BiIlions Loaned
Allies to Be Spent Here.

Chicago.-The United States is in a
position where optimism is justified,
according to ]. 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 1t 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 what?" he was
asked.
There Is some reason to believe"
he answered, "that economy rules will
be misapplied for a while, but condi-
tions are such that the public will
soon see, If they have not already, that
there is no occasion whatever for them
to become alarmed.
Continuation of the great prosper
ity that has ruled in this country for
two years Is assured. There Is an
abnormal demand for everything the
workers of this nation can grow or
manufacture. 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
limitations; the buying power of the
public is greater than ever before.
There are certain guarantees Of con-
tinued prosperity and of an ever vie.
ening scope to ourbusiness and indus
trail life"
Releases Billions Here.
"How about the billions of dollars
we are lending to our allies?" he was
asked. wouldn't it be better to keep
that money at homer"
'As n matter of fact, 1t is mis-
nomer to call 1t u loan to our allies"
Mr.. Armour said: 1--WE are primarily
extending them credit. Instead of
sending billions Of dollars out of the
country, the transaction means that
billions Of dollars will actually be freed
for circulation in this country. Prac-
tically all Of the billions we lend our
allies will be spent In this country for
the products Of our soil and our fac
tories and for payment of our workers,
"We are the storehouse and the fac
tory of the world now, and the more
money the world can get hold OF the
more will be sent here, and the more
that comes here. the more work and the
more business will result. And in this
connection, remember the government
of the United States is now n buyer for
war purposes and the dollars of Uncle
Sam already have begun to pour forth
to stores, factories, and farms to pay
for the expense Of mobillzing, drilling
equipping. and feeding the army and
navy.
"Under the civilian boards gathered
together by the president to direct the
great work Of preparation, this natior
Is going ahead, fortified against delay
and mistakes through the Intelligent
application Of the lessons learned II
England and In France. This apple,
to industry us well as war.
Time Most Auspieious.
II consider the present the most aus
plcious from the standpoint Of nationa
prosperity in my memory. There Il
not one good reason why the business
of this country should not proceed II
its normal course and on ever increas
ing lines. There is not one reason VIII,
people should fear for the future o
should permit themselves to be swaye,