American Falls press. [volume] (American Falls, Idaho) 1907-1937, 1919-05-23
PLACES REIMBURSEMENT DATA AT
COMMAND OF BUSINESS WORLD

governments agencies lhht uiu NOT
have a firm and penetrating quality
Mt the base. Raising the framework
for the task is merely n 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
brnry.
at may be that as the war nenrs 'ts
ends and MS 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 dletum of Lincoln that no man Is
good enough TO govern my other man
without that other mans consent, to
the end of approaching the proper
REIMBURSEMENT OF national, interna-
tional, and racial relationships. | offer
this, though, not for the purpose of,
injecting idealism In a discussion
where undue accent of II does not he
long, but TO emphasize anew that hone
of us can see the end of the road
construction should be bullded 20 as
to permit of fleXlbillty of action and
even of minor policy nj any given
time. The main thing now Is to come
to concrete thinking and study of the
entire problem"
Director Clarkson Immediately he
gan the organization of n stan of ex-
perts. including O. NJ. 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 q,
| 1919, with Mr.. Shenton MS Its chief.
"The reconstruction research dlvl-
sion" said Charles Ii. Chase. u mem
Der, has come TO feel more and more,
us the reconstruction has progressed,
that Its information service SHOULD be
made available to the leaders Of prl-
vnte enterprise. just as II ls made re-
sponsive to the needs of governmental
agencies. The problems and respon-
s,blllties of reconstruction tend, ns
time goes on, TO fall more and more
heavily upon the shoulders of busl-
ness and relatively less upon govern
mental machinery. OF the two grand
divisions of reconstruction, demobIliza-
tlon and reorganization. the former be
longs chiefly TO the government and
the latter devolves mainly upon prl.
ynte enterprise. The formar tends
steadily toward It's conclusion the
latter broadens into the foundation
And though the government has, md
viii continue to have important re
spo~nsiblllties in connection with tht
economic reorganization OF the nation
II must be acknowledged that those
who are to deal with these problems
h~nnd-to-hand are the directors Of busi
ness undertakings.
at must be recognized. also, TIM
we have come out upon q new world
In n sense, In emerging from thu
world war. Our industrial and com
merclnl reorganization must be effect
tI NflltT fUilIlllbllH illhl iIANf NV
gone considerable alteration durIni
the struggle. Not only price Levels
but price ratios also, have beer
changed, and In many cases perma
nently so. New Industries have arisen
markets have been altered; interna
tIonal economic relations nre modified
means Of transportation and communl
cation hive been partially revolution
lied but nothing has undergone grenI
or change than our social viewpoint
and especially the viewpoint OF Labor
|, There are new opportunities and ne'
ana promising Outlooks, hut they ar
; not quite like those OF pre-wnr tlmei
| The chessboard has been shaken som
/ Of the chessmen have disappeared
r while several others have been move
forward or backward n little.
mot only have purely business fac
+. tors altered, but new duties hav
! arIsen-the social responsibility Of th
= business enterprise has become a niue
more serious matter than II used I
n be. In the light Of world develoI
: ments II is obvious that u bushes
\ system must prove Its resourcefu
ness; IL must demonstrate hltheri
unrevenled capacity for readJustmen'
y II must show a disposition Il meet an
satisfy certain species Of ~expectatio
which hive gained recognition durlr
the war and can no longer be uncer,
m~0niously ignored or suppressed, A
Secretary Iicdfeld says: We ann
! be a law unto ourselves any more
z General and continuous prosperii
Z musi he underwater and guarantee
Z " our Institutions are 10 avoid n
I risk If a trial M the bar Of publ
4 discon.onl. Rules Of thumb are Hal
4 20 prove inadequate In this period
4 reldJuatmeni. Nothing short Of ai"
a nppn.m.ndedncss. reinforced by 20
session Of the fullest nvaiiibie info
Z nation. will serve. In view Of the
z fncts the business world IN entitl'
4 TO the fullest measure Of assistan'
z that governmental agencies are pr
4 pnred 10 render II. II IL In the splr
. Of that principle that the flies Of II
z councils reconstruction research din
sion are now thrown open 10 the bus
ness pubIlc."