Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-09-09
PHONES
PERMANENT DEVELOPMENTS.

tuEsns tot,on ..,........ e...,.,,. 1910
PERMANENT DEVELOPMENTS
In considering tho vast orpcndi-
tures that are being made by tho
national government for war work
IL should be remembered that n very
considerable proportion of tho bill
Hons that arc being raised IN Eolng
into permanent betterments which
will mean an enormous expansion Of
business activities when once we
have settled tho fight with Germany.
says the Manufacturer Record.
Into shlpyards and ships We are
putting many billions of dollars and
at one bound placing the United
sta,e'in the front rank---or AZ least
the second and perhaps the first
IN ship ownership In the world
Along tho entire Atlantic our
and Pacific coasts We have built and
equipped many Superhiy located and
constructed shipyardH Those arc
permanent Improvements when
once the world h on n peace basis
very large proportion OF our ship
building yards will be needed TO con
tlnue the building Of new ships and
the repairing OF existing ships In
decd. some shlphullderH claim that
the ship-repairina facilities OF the
country at present are not equal to
no-twentieth Of what We will need
In the way Of ship repair yards when
the war is over, AZ that time our
ships will be engaged In world trade.
The volume Of tonnage will very
nearly equal and possibly SurpaSH
that Of England. depending IN part
Upon the length Of the war RAa the
continued activity OF ship oonstruc-
tion.
The money thus Invested IL not
lost II Is not like the money spent
IN the maintenance Of soldiers and
IN the making OF explosives. II Is
permanent investment
As We are building shlpyards and
ships, so we are building at nearly
all leading ports enormous ware
houses and wharf facilities COM
mensurate with our shlpbuilding
program These will be permanent,
They are an important addition to
tho nations ability to do business.
Their construction becomes per-
manent investment OF enormous
value.
We are also extending our strel
plants and building nitrate plants
and explosives plants, all OF which
will be available for peace work M
they now are for war work
The money thus invested Is not
lost II. too. becomes permanent
national asset
The money which we are loaniue
10 our allies. amounting TO over
$4,000. 900, 900, is In no sense a rea
liability OF the nation. We are mere.
~ transferring 20 our ailiea our
credit We are lending tho money
to them at the same rate Of inter.
est which We are paying for a. This
expenditure, therefore. Is merely a
loan on security as good as that OF
the United States itself. for our allies
will. whan the war is over. be Just NJ
sound financially A. IL the United
States Whatever may be our dis
position at that time to extend those
loans over long terms OF years or 10
compel Germany 10 pay every one Of
than indemnifying the allies, the
money advanced IN not lost II in
permanent and safe Investment
Looking at tho situation from this
viewpoint, we must. therefore hear
in mind that "a very large proper
tion Of tho money which we are
raising is merely the mobilization OF
the nations available capital for the
creation Of enterprises which I'm thF
long run will prove of value to m,
country and tremendously strength
on IT'S position for world trade
However vast may he the amount
Of money we are putting into the
actual payment OF war expenses
however much may he wasted in
aeroplane work or In other things
and this wastage is largely due "a
our unpreparednoss- broadly speak
ing It may be said that We are uslnv
the nations power to- create IN a
brief time vast shipbuildiug steel.
making and harbor facilities which
In the ordinary course OF eveuts
would not have been constructed
within the next twenty TO twenty.
five years, hut which will be needed
from the very day that peace ig dc.