The Oakley herald. [volume] (Oakley, Idaho) 1908-1961, 1919-05-09
PLACES REIMBURSEMENT DATA AT
COMMAND OF BUSINESS WORLD

History records but few fruitful
governmental agencies that did not
have firm and penetrating quality
Mt the base Raising the framework
for the task Is merely 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 H.
brary.
1T may be that as 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 dictum 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
REIMBURSEMENT OF national, interim
tional. and racial relationships. offer
this, though, not for the purpose Of
| injecting idealism in discussion
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 so as
to permit Of flexiblity of action and
even of minor policy ut any given
| time. The main thing now is to come
to concrete thinking and 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 3,
| 1919, with Mr.. Shenton as its chief.
"The reconstruction research divi-
sion" said Charles II. Chase, a MEM
Der, has come to feel more and more,
as the reconstruction has progressed,
that Its information service should be
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-
sibilitles of reconstruction tend, AS
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 grand
divisions Of reconstruction, demobilIza-
ton and reorganization, the former be-
longs chiefly to the government and
the latter devolves mainly upon bri1
vate enterprise. The former teri
steadily toward its conclusion tAa
latter broadens into the foundation
of an indefinitely expanding future
And though the government has, and
will continue to have important re
sponslbiities In connection with the
economic reorganization Of the nation
1t must be acknowledged that those
who are to deal with these problems
hand-to-hand are the directors of bust
ness undertakings.
a at must be recognized also, that
+ we have come out upon new world
T in sense, in emerging from the
world war. Our industrial and com
merclal reorganization must be effect
q ed under conditions that have under
: gone considerable alteration during
the struggle. Not only price levels
but price ratios also, have beer
o changed. and in many cases perma
9 nently so. New industries have arisen
n markets have been altered, interna
i tIonal economic relations are modified
| = rf,+ ton nd N
V cation have been partially revolution
Il lied but nothing has undergone great
Il err change than our social viewpoint
=. and especially the viewpoint of labor
Y There are new opportunities and new
4 and promising outlooks. hut they ar
- not quite like those of pre-war times
II The chessboard has been shaken som
d of the chessmen have disappeared
r. while several others have been move'
# forward or backward little.
q mot only have purely business fac
< tors altered. but new duties hay
Il arsen-the social responsibility of tn
p business enterprise has become niue
. more serious matter than it. used t
n be. In the light of world develop
p ments 1t is obvious that our bushes
n system must prove its resoiIrcefu
IA ness; IL must demonstrate hithert
" unrevealed capacity for REIMBURSEMENT
" ii must show n disposition TO meet an
satisfy certain species of expectatio
which have gained recognition durin
the war and can no longer be uncert
moniously ignored or suppressed. a
Secretary Redfield says: We cannc
he law unto ourselves any more
e General and continuous prospert
B must he UNDERWATER and guaranteed
II our Institutions are TO avoid II
y risk of a trial at the bar of publ
q discomfort Rules of thumb are liall
q to prove inadequate in this period
n reedjustment. Nothing short of alrl
~ open-mndedness, reinforced by po
81 session of the fullest await able info
81 nation, will serve. In view of thes
81 facts the business world is entitle
Of sfefs M