The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1920-12-01
lere is Food for Thought for the
5Calamity Howler, as Set Forth
by MIR. G. A. Brownell of
Ford Motor Co.

It is very peculiar, this human ma
re of ours, because 80 per cent of
e men and women are very quick
. see the clouds of trouble and to
iss the bright sunshine Of pleasure.
It q rumor emanatc from an insane
ylum that thcre is going to be a
ilure Of the crops, and the multi
des commence to mourn right away.
sems as if people like to be in
ouble.
And so it is that there has spread
rer this country an almost universal
alief that we had to have a financial
anic; we must have commercial de-
ression; we were due for a period of
ard times; Hades was to pay and no
itch hot. Rumor upon rumor Of a
hortage in crops, shortage in me-
hanical production, shortage in labor;
i fact, it seemed as if the whole
rorld was going to be so dog gone
hort that it was liable to drop into a
ole and disappear. The prophets of
.heerfulness were like the proverbial
ems teeth-few and far between.
+ Now let US look at the facts, for
lever before in the history Of civiliza-
ion has mankind had more roseate
uture to vision, and this applies to
very part Of the globe, as we could
,rove if we had the time and the
space.
But let us just take America. Never
n our history has there been so much
real, honest t-to-goodness cash,
IN the United States as there is to-
lay. This country has been growing
IN wealth by leaps and bounds, be-
.ause we have the best educated peo-
ole in the world; the most moral peo-
ole; the most humane people; people
with more initiative than obtains
among any other peoples on Earth.
Then we have country whose un-
limited natural resources represent
wealth untold. We we're coming to
;he mastership Of the wealth of the
world before the War. For instance
n 1913 this country produced $lA,G00,-
100000 more than it consumed. Thon
,he War came OH and our production
was hurried until in 1917 we produced
Sl8 5000 100000 more than we con-
sumed.
We loaned to the nations Of Europe
in excess Of $30,000,000,0 With the
exception Of some $3,O0O,OOO, 900, this
money remained in America and was
spent by the borrowers in our mar
fets. 1t was not taken out of Ameri-
:a-it is here still. Since the War
closed hundreds Of millions of gold
nave been sent into the United States
oy foreign countries IN payments on
heir debts.
Then in 1919 our production was
The largest in the history Of the coun-
Try. We produced more goods than
we did in 1917, and we had an eager
market for everything we produced,
and all we sold brought the money to
here.
Take this statement by John Fetch-
er, Vice President Of the Fort Dear
born National Bank Of Chicago: "The
United States is far and away the
richest country in the world. The ag-
sregate deposits Of it's banks are bill
ions more than the combined deposits
Of all the banks in the world outside
Of the United States. We have more
actual cash than any other nation and
IN the last few years have obtained an
almost unbelievable supremacy in
trade"
Now with this vast accumulation
Of money, how can we have fnan-
cial panic; how can we have COM
nercial depression; how can we
have hard times? Impossible!