The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1919-05-09
PLACES REIMBURSEMENT DATA AT
COMMAND OF BUSINESS WORLD

organization for recon-
History records but few fruitful
governmental agencies that did not
have Arm and penetrating quality
mt the base. Raising the framework
for the task Is merely "A matter Of me
chanics In Organization. In
the meantime the council and advisory
commission should accumulate all Of
the literature bearing upon this ques
ton and form 1t into a working IL
brary.
ut may be that AZ the war nears its
ends and as the issue between au-
tocracy and democracy becomes ever
sharper and more terrible. the civilized
world will demand that Immediately |
at the wars close all reconstruction |
of the worlds affairs be based upon
the dlctum Of Lincoln that no man Is
good enough to govern any other man
without that other mans consent. to
the end Of approaching the proper
readjustment of national. interna-
tional, and racial relationships. offer
this. though. not for the purpose Of
injecting idealism In discussion
where undue accent Of 1t does not be.
long, but to emphasize anew that none
of us can see the end Of the road
and that therefore all plans for re
construction should be builded 50 as
to permit Of aexibility Of action and
even of minor policy ut any given
time. The main thing now Is to come
to concrete thinking aad study Of the
entire problem"
| Director Clarkson Immediately be-
gan the organization of staff of ex-
perts, Including o. M. w. Sprague.
professor Of finance and banking at
Harvard, and Herbert N. Shenton Of
Columbia. Out Of this stan work grew
the reconstruction research division,
which was organized ON February 8,
1919, with Mr.. Shenton as its chief.
THE reconstruction research divi-
sion," said Charles H. Chase, a men,
Der. has come to feel more and more.
as the reconstruction has progressed,
that It's information service should be
i. made available to the leaders Of pri.
vate enterprise, just as it Is made re-
sponsive to the needs Of governmental
, agencies. The problems and respon
sibilities Of reconstruction tend, al
time goes on, to fall more and more
heavily upon the shoulders Of bust
ness and relatively less upon govern
!. mental machinery. OF the two grant
divisions of reconstruction, demobiliza
|, tion and reorganization, the former be
longs chiefly to the government ant
" the lattor devolves mainly upon pri
\ vate enterprise. The former tend
steadily toward its conclusion; tn
latter broadens into the foundation
h Of an indefinitely expanding future
And though the government has, an
= will continue to have important RI
n sponsibilitles in connection with tn
!. economic reorganization of the natior
!, 1t must be acknowledged that thos
~ who are to deal with these problem
a hand-to-hand are the directors Of bus
nv ness undertakings.
70 ut must be recognized. also, ths
ot we have come out upon new worl'
IL in a sense, in emerging from tn
r. world war. Our Industrial and con
u. mercial reorganization must be effec
% ed under conditions that have unde
as gone considerable alteration durlr
he the struggle. Not only price level
%. but price ratios also, have bee
No changed, and In many cases perm
ia nently SO. New industries have ariser
nm markets have been altered; intern
nj tional economic relations are modified
means Of transportation and commur
Nv cation have been partially revolutio
nd lied but nothing has undergone gree
ed err change than our social viewpoir
mr. and especially the viewpoint Of labt
DIV There are new opportunities and ne
IN. and promising outloOks, hut they a
re not quite like those of pre-war time
cd The chessbOard has been shaken sor
nd of the chessmen have disappeare
,ur while several others have been NOV
Of forward or backward little.
me "Not only have purely business Il
,k- tors altered, but new duties ha
ial arisen-the social responsibility OF
de- business enterprise has become mu
ing more serious matter than 1t used
ain be-. In the light of world develt
re- ments 1t is obvious that our busint
,an system must prove its resourcef
ind ness; 1t must demonstrate hithe
icy unrevealed capacity for readjustmel
any it must show disposition to meet a
satisfy certain species of expectati
which have gained recognition dur
the war and can no longer be unce
moniously ignored or suppressed.
Secretary Redield says: We cam
WM be a law unto ourselves any mo
General and continuous prosper
4 must he UNDERWATER and guarantee
If our institutions are to avoid
III risk of a trial at the bar OF pull
WA discomfort. Rules Of thumb are liza
M to prove inadequate in this period
IN reimbursement. Nothing short of a.