Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-01-03

I,EnGNR- pHH ,AD
speculative situation and to the needs
n, tho r,or,.,,u. ,or,,,,r,,v
"hiie tne government mas not a'o"
edly protected the stock market, its need
of securing abnormal amounts of funds
o.. a., ..,.,,- 49,, -, 4,
''o'' Tue '"'es''"s puohc mas p'aeeu
under the necessity OF using Its innu-
cnce potentiy In that direction. The CO.
onoro,,o, -, al. ,,,,,,. ,,,, ,,,,, so.
80 e
cureo' fuolc spirit mas led every ohe
habituated to stock market transac-
tions 10 ,bstai, from, measures calcu-
-.
ia.eu 10 excite tne marke'. inc WIZ
u,aWai iro,n specu'a,'on Oh 'no ,aise
Suuis aosoroeu oy tne WAT :oans anu .ue
increased taxes had innnitely less ei-
The admirable co-operation of the Gov
erh,nent 81, tne panks ana the sene,ai puo-
ia,,,." .,,., se f,I,.. 80,
% ,,'sis,, s..ua',on on , ,aHs e.en ~,
oyor,,hS'. '"e '"' ''''e ~
When the general business s,tuatloil
p'1r 10 tne ou'preaK OF ,ne war
drs,s,. .S rs so"siu.Iea ,i',., SeW 'anu
tha co,,,,r,, liz, orra.,,ot.
itself On ubat has hoer oecon,niished In
tho frs, ho,s 90 Io,. a. tna,irs IN.
auestionablv existed that tho prod,,ctive
capacity of the nation was ~ anvthinp
somewhat in excess OF immediate needs.
Any concern that may have been felt on
this score has been placed In allegiance
during the last four years, and particu-
larly during the twelve months ended
November IL. 1913. Not all industries
nave prohted alike-those Of the nones-
sentiai class have had little to rejoice
oter-out SO many OF the great indus
t.Ies tnat nave given New England It's
s.aInp nave WORKED overtime tnat the
osn'',,ny, as u "hole mas oo,a'neu an
tiss a.. ..y "isn fe'ulh rum ''s ac.INl-
coal sco,.,,,,. e -, ,
high toxes ''''
Government and the Individual
The general b,Isiness situation IN 1910
is not an easy thing 70 predict. b,, the
outlook seems Iil,e,,, IN clear in tho NOT
remote future During 1919 tho Gov
ernment has been IN, dominating ,,ou
ence in our manufacturing situation
transfornino =, ~ .,,,. ;,e $50 80
nosos Uov,o,.au -. c,,'',, ~
NAV d.,oy st,.,a A.. ,-.e,,a, ...
inc ,ho r,,,sa.,.e 50 u
,nton,,o =. n''e az
~, oNeie's's eonlioi Oh minis
noo.sa o'.e'' iv"ee, '''a, 10
"a ~. mas caneeieo oruers r'snt
stice and tho anso, o., ,S. ,,n,,.,a.,,.
ing Industry ,,ov ~ ,,,,,.,na, 60.
quantities Of raw materials h,vo hoen
acc,,,,,,a,oa - ,'s ,''e uee'.
| r,o,.arn,,a,,. e"e INNS W zane oare Vi .,
now ava. ,Sa. as 'ne uonerhIhent
| gooas ,a,,. ~. "a''t '''e
go, "ie s,ose S'ocNs VI ra" ma
,,,rs, y. " w uau'ua'su oovlouSiy' care
o Neiciseu III inns process ana
me uo,e,nnl.nt must oeem 'selr obi
s"teu 10 'enoer all the assistance III It's
iio,,;a, - 'nus' pe oa'eiuI now u
!, hos s,,,t. VI sa' w"..'
so" a1t1'.eu possess'oh Oh IN I'M
~ i'.,,, ~, war purposes pu' ior "h'ch i
VIII nave ITO use III the iu'ure'
| This whole situation, while yexing
Is one which need occasion no rea
trouble IL properly handled The mos
that seems necessary Is that every one
should bear continually In mind that #
will require as much co-operation. a,
much mobilization of materials and Of
fort, to get back effectively from wa,
to peace as to get from, neace IN war
1'he ormistice ala not hr,rr our nar
plexities To an end A. merely change,
their character ~ that Soct ot Los
the country has gained a clearer Know,
| edge since Hoyar,har =,
~ 'his cohnectioh 'he question OF ou
lore'sn trade Is OF great Importance. |
we become purveyor to the world to tn
.N'ent Una. soine nave nopea' some o