The Mount Holly news. [volume] (Mount Holly, Burlington Co., N.J.) 1891-1942, 1918-08-20
YOUR BOYS LIFE
FOR YOUR SUIT
What II Means II tO5,OOO,OOO
People Refuse to Economic
On Clothing,
NATION HURT IN MANY WAYS
One Of Numerous Cases In Point Wv
Idly illustrates the Vital Necessi-
ty Of Saving to Save the
Country" In War Time.

Country" In War Time.
BY PAUL M. WARBUR0,
Woe Governor of the Federal Reserve
Board.
am one of one hundred and FIVE
million of inhabitants Of the United
States; my duties are the same as
those Of every other true American
and those Of every other true Ameri
can are the same as mine Whateve'
I contribute to the cause of the coun
try, may expect to see done-each in
his own way-by 105,0OO.000 people
Let us suppose for the purpose %
illustration that I decide that I shat
effect saving on clothes I might Sc
Iect boots, automobiles, umbrellas. or
any other article for which regnlarlv
spend my money, as I have no desir
to single out any one commodity, BIZ
clothes lend themselves to my though
so I name them. II I make up m
mind, then. at this juncrure that t.
wear old clothes is more respectable
than to be seen In new ones; If dc
eide to buy one new suit Of clothes
less than usually purchase eac'
year, and If figure that suit to cos
no more than $10-the country as
whole, should we all pull together an'
act on the same lines, would saw
thereby over one billion dollars. 1t Is
true that In dealing with our 100000
900 population we include childre'
and many poor people that could no
save ten dollars each because the
never spend more for clothes tina
they absolutely must But on the othe
hand, $40 is a much smaller amour
than the average man or woma
spends for a new suit Of clothes. TIL
assumption that a billion dollars coult
easily be saved on clothes may, there
fore, be accepted as conservative.
The first thought that occurs to =
IN this connection is. that by this sa'
ing In clothes over one billion dolla"
would be freed to be invested in Lii
arty loan bonds. That is the first In
portant and most obvious result. B.
there are other economic results +
volved In this saving that are of fa
greater Importance than the mere sa'
ing OF money.
Economic Results Are Vast.
Let us consider first what one BIZ
ton dollars worth Of clothes means
Suppose they were half-wool and half
cotton and that the value of the rav
material constituted only 30 per cen
Of the price paid by the ultimate con
sumner, that would, at the presen
price Of 90 cents per pound for WOO
and So cents per pound for cotton re
spectively, represent 2O6,334 tons o.
wool and 416.667 tons of cotton. Car
YOU imagine how much freight space
would be required on water and or
and, In moving this mass Of raw ma
terial? Do you realize that If thesf
bales were put into freight cars, as
summing a loading capacity of 16 ton
per car for wool and Is tons per ca
for cotton, this would represent 1902
box cars loaded with wool and 32,05
box cars loaded with cotton? Assam
ing IS cars per train, there would b.
FbOut 900 trains: the total length Of
these trains would be approximatel7
914 miles. and these trains, hauled b.
GOO engines, when standing IN lint
would approximately cover the dis
lance from Baltimore to Pittsburgh
Can you imagine the amount Of coal
consumed in first transporting anf
hen weaving this raw material int
cloth? Can you imagine the numbe,
of hands employed in these processes
And then consider that more coal
more labor and more transportation
are required In distributing the clotl
and again more labor and more ma
terial In converting 1t into clothes, anC
again more labor and transportation
in retailing the finished product to the
final consumer.
Let us be mindful that all the tim.
these processes are being carried OF
Uncle Sam Is short of the men neces
sary to dispatch his war work, anc
furthermore that shortage of coal and
the clogging Of the wheels of transpor
tation have stopped his progress a.
most critical moments and in the pres
ent emergency continue to remain .
constant menace to the country.
May Cost Your Sons Life.
My new suit Of clothes means, there
fore, delay for our military opera
tons; delay In transporting and equip
ping men, and In sending to them, anf
to our allies, the supplies they need
means increased losses and Longer
duration of the war. My new suit Of
clothes may cost, therefore, the life
of my son.
The supply Of goods, Of labor ano
of transportation is limited. 1t is
matter OF common agreement that thit
limited supply Is not sufficient freel,
to satisfy all wants that unrestricted
attempts on the part Of each individ
ual to satisfy his own requirement.
may lead to a Wild scramble and de
structive competition with the. govern
ment, resulting in fatal delay and END
less increase in prices.
The loaf Of bread available for our
selves and for our allies is not largs
enough to go around" IL we all wans
to eat more than is absolutely necee
sary for our maintenance. 1t 10 every.
body's duty, therefore, ct this time u
Tighten his belt" and to make q gen
uine effort to live ON az thin a slice OF
the loaf as he can. Unless that be
done we must buy additional food In
neutral countries, thereby using ton
mage that should be kept available FOR
our military operations and increasing
our difficulties In adjusting our trade
balances with neutral countries
Hurts Uncle Sam In Many Waya
To return to our story of the suit
Of clothes: During last year the Unit
ed States had to import 421 ,OOO, 900
pounds Of wool, representing a value
Of about $172,00O,000 About half Of
this came from Argentina. Our suits
Of clothes called for substantial por.
ton of this wool and therefore to that
extent robbed Uncle Sam of the use
Of his ships. Moreover, our factories
being busy In producing the things re-
CURED for the prosecution of the war
and our home consumption still pro-
ceeding at almost top speed. the guam
tity of goods available for shipment