The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1919-03-16
RENEWAL OF BUILDING
ACTIVITIES GENERAL
Cost. Uf Construction Not Ilah as
Compared Nhh Dilcr ln"~
uI lrlustil
VICTORY LOAN IN THE WAY
Mnrc, Ini "a tdvu," IN - iurtun
io Irt,c- 81 \'"'--Sdl"~
,i Itf.
wor.', IN,,lf1gLnp liu"sh

t.HtHFaIuu ui ..." t'N. .'tIH' 400 '''. 'i
cohru HIcu"u now nd ur'o.. 80 H'',
.ltr - .t.u. iI puhNI NH'NH HII
,n,- 'u"iiup ,-vcIull',nI 90 iubuf
lac, rtre1 .n" lH,"vIN. 'rn1u'
81 20" F..I ..p..
.u.ug iuu vrr s'puf our h,ri
If thc rpunfrN. IS .ulu-. o. ,fptU''N.
including man power wn7 dN'I''d
fo war production .H ''.'.. ABOUT
DO, great diversion of I".u"'f '"'
Iuraus were cWpIuN'l -huu.IlHn
and curthilmcul stimulation was
ur,cti rd thruuaNuu' lN, n,r and
affected the p't''v rF materials uul
The wages ~ labor hrctuvr FnNrtu
mrni contracts Wrrp awarded ON
bnSig Vhu'h prruli'ri .N0Irl'iors ip
compete sutCrrsiYly wlh non war
manufacturers for wtIc.t|s ana Ia
h0r
curtalmcn' was not Important un.
~ early tn 1913 pNrrUT tur Toe orders
Of tho fuel A1Wlu' ration ana ~"
railroad admlniNruiiul fur the purr
pose nf conserving fuel hui trtnrpura
tntion ana rrriufn pr.urttv orders
nut In a statement uf February T.,
1915 Secretary MrAdo0 requested
that homv should not hr halt except
In case ~ urgent nucr"silN tn"
statement contained hy Implication
the promises ON which the radical.
curtailment ~ tho building Industry
was later carried out. J e.. tll mat
conservation of materials labor hnd
credit was necessary In order 10 win
the war ana t2D that the conEorvn
tion must take place in those indus
tries that were not essontinl or only
IN part essential, 10 tho winning Of
the war Some time after tho pub
iicatlon Of Secretary McAdoo's state
ment. the policy of seriously curtail
ing nor. war production was put into
effect Eventually the production OF
l6 building materials was cut down
?5 10 60 per cent Son war con
structlon was greatly restricted until
II was almOHt completely stopped
from September I. 1918. until tho
nrmlstlcc was signed n was rs,i-
mated by the chief Of the building
materials section OF the war Indus
tries board that the non war con
struction In 1919 would be not more
than 10 per cent OF normal This
estimate indicates how great the di-
version OF labor and capital from
the construction Industry has been
The stimulation OF war industry
and the curtailment of nonwnr In
duatry was mainly carried out directly
or indirectly by the capital issues
committee the war industries hoard,
and the war labor administration.
Not only were prices of building ma
terials affected by the stimulation OF
war industries but In many cases
also by direct price fixing, The same
wss trne ot ,ne WasoS oI hpor Ine
poW.r OF 'hs fo'ornhent was ehor
olsed toward the lowering or prices
OF material and the wages OF labor In
non-war Industries In order 10 pre-
vent labor and material from being
drawn away from the war indus
ules
Espsasns infQ"snuc~
rms Drlef sketch ot 'he govern
mentS pohcy IN stlmulhiInR war pro-
oucuon ana curthlllnE hon-war pro-
ducton eSplaina me uffcrrnce ne
tween tho COST or labor ana or ma
terish IN the bulldlnE INDUSTRY ana
tne cost ot apor ana OF materials IN
keneral whicn was round 10 exist NJ
the close OF me war
AZ me close or me war the index
numoer of hulldlns materials. NOT IN
oiudins steel had risen only VI per
crht over pte-Whr prices or l"l''
wnle the ihueS humner TOT commo-
oiues' exclusive OF puiln'hR mute
r'ais had risen lis per cent lhe
average incress" or wages IN th"
construction INDUSTRY IN ~ lchdlnE
ciue- from lSl'-lNlb vas only sh,h
f'' -. -
oommonlueH Wheh lhe hrmNllce
game, ther" was or course great
voIume OF ueierred ConH'tnrlon pro
yccls, partly ~ the inrm or pnolic
woIks' partly III the iorm or semi
ruolN uun'Ien phrly III me lorm OF
nouHns anu OF conmet'lal ana IN.
uusrlal puidlngs Ih@ volume OF
ueterfch ConSfucUoh represented IN
hrHe patt we outmilh,rnt OF non,
war Ptouuetl"h Whiun hHd resulted
rom tne INVERSION OF one thltd OF
lne hhuoh lhdusrlat chpaclty 10
war production
torlunn'ely the return OF peace
oIu h"t mean ,he conlplele, hnrupt
END OF war production yet IL threll-
snod serious nnemployment, IN or
Ger 10 minln7iSe unemployment dur
ing the period OF economic rcndJnst-
"'nI 'ne government promptly re-
nuNeu thc reS'f tcuons which II had
iHlmseu nnon tne construction IN
uusut inere ~ one lndirrrt re-.
ulcuon' however, winch II haH not
removed ana could nor remove that
IN me moral obhgauon ot the fnhn-
cltl community to conserve credit
uhul the victory loan IN flnhtod.
tH'h nank trust company clc. must
estimate now large mart OF its pros
pecuve allotment or the Victory
bonds It can sell promptly. and, con
sequentiy, how much OF It's funds II