Mohave County miner., 1917-11-24
ECONOMY URGED UPON NATION
 BY BOSTON LEADER

--. Patriotic Economy" is the title o.
 a fOrceful war pamphlet now being
 sent broadcast by Everett Morss oi
 Boston. The object of Mir. Morss pamphlet appears to be solely to i'm.
 press upon the minds of the people tht necessity for appreciating what tho
 war means. It is as follows:
 "The necessity for patriotic economy
 will be evident if we think of finance
 in terms of labor instead of in dollars
 We have natural resources an we have capital invested in the tools of produc.
 tion, but even with these facilities oul productive capacity is limited by the supply of labor. By labor we mean the personal service, whether of brain or of brawn, of the forty million ot us who are engaged in gainful occupa- tion.
 "To carry on the war we shall spend at least twelve billion dollars per year or thirty-three million dollars per day. This is as much as Great Britain is spending, and the figures are so huge that few of us appreciate what they really mean.
 Europe is already so deeply in debt that she may never be able to pay, and we are on the road to the same con dition. Balance of trade statistics in- dicate that we have made an extra profit from foreign business since 1914 of five billion dollars, or about two bil- lion dollars per year. The effect of this in enriching the country is sug- gestive of the result of three years of impoverishment at the rate of eight billion dollars.
 Our normal annual savings are about four billion dollars, and not only will our war expenditure absorb all of these savings, but we must find eight billion dollars in addition. During the past three years our present allies have obtained much assistance from us, but as there is no country to whom we can turn we must carry our bur den alone.
 Our savings go into public and pri- vate improvements, including the ex- tension of business enterprises. These savings will not be available for war until we stop federal, state, municipal and private improvements; until we forbid all issue of securities except un- der federal license, following the ex- ample whereby England reduced the issue of industrial securities from S568, 100000 in the first half of 1914 to $11,00O,OOO in the same period of 1917. -- O-
 "The danger of a food famine has been brought home to us and we are making a real effort to reduce con sumption, though our efforts to in crease production are being seriously handicapped by the high price of la- Dor.
 Immediately after war was declar- ed the president warned the country that everyone should produce more and consume less. The idea that business was to be suddenly reduced by a wave of economy was a shock to business men and the cry business as usual" was spread oyer the country and caused the presidents appeal to be forgotten. Not only are people spend ing as usual, but many conscientiously believe it their duty so to do.
 Every dollar spent means the con sumption of labor. We shall not be far wrong if we say that every four dollars spent consumes a days labor, and that every twelve hundred dollars spent consumes a years labor. A war expenditure of twelve billion dollars will consume the labor of ten million people; twenty-five per cent of our to- tai labor supply. This added demand comes during the greatest labor fam inc in our history, which has increas- ed commodity prices 85 per cent since 1914.
 We have reached point where the increasing demand reduces the eff ciency of labor and thereby reduces the supply, and we are facing a fur ther rise in commodity prices, perhaps to exceed present conditions in Eng land, where prices are up 120 per cent.
 ''The most effective remedy is to decrease consumption, and it is imper- ative that everyone should make a drastic reduction in personal expendi- lures. The example must be set by the rich, but every man, woman and child must be drawn into the movement un- til patriotic economy becomes the greatest fad the country has ever known.
 "Our young men who try to avoid service are "slackers." Every one of us who will not economizesto help the war is a 'slaeker.' Who will fail to spend less when he realizes that every four dollars saved is a days labor contributed to the war? It is not not a question whether your income Justifies an expenditure, but whether the country can afford to let you spend.