Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1921-01-19

taxation.
Have gradual contraction of volume
of money or credit.
By proper direction of energy, en-
terprise, labor, and capital.
Good government and good bust
ness go hand in hand.-John HI.
Patterson.
COMPARISONS
United States after Civil War
1861-1865.
Debtor nation.
United States borrowed heavily
from Europe.
Paper currency at discount-not
on a gold basis-gold at large prem
iun1.
European currency at premium
dollar at discount the world over.
United States credit was exhaust
ed-look to Europe for aid. Hun
dreds of thousands of the best men
on both sides killed or impaired by
disease.
Country was small and largely I'M
developed.
Industries in their infancy.
Inadequate banking system.
Foreign trade small-imports eX-
ceeded exports.
War left large part of country de-
vastated and balance impoverished.
Commercial and industrial develop
ment dependent on European capital.
Decline of merchant marine.
High prices and high wages pre-
vailed in this country only.
Large immigration set in.
Public debt small as compared with
today.
Government expenses quickly re-
duced and initiation stopped.
Period of great railroad building
started.
Period of labor-saving invention set
in.
Lack of transportation.
Took ten years for rates on COM
mercial paper to decline from go to
$50.
Took fifteen years for prices to de-
cline 500.
No quantity production. Manu-
ufacturers used hand methods.
Booze cost the people millions of
dollars each year.
No suffrage for women.
Inadequate distribution of merchan-
disc. Only small stores.
United States after World War
1914-1918.
Credit nation.
Europe owes U. S. 10 billions on
government loans and 3 to A billions
more on private loans.
United States has one-third of the
worlds gold.
European currency at discount.
Dollar at a premium the world
| over.
Europe's credit is exhausted. All
! are looking to United States for aid.
Millions of the best men on both
sides killed or impaired by disease.
Country is powerful and natural
resources developed.
Industries developed on a firm
| basis.
Good banking system.
Foreign trade large. Exports ex-
coed imports by billions in 1919.
War was world wide. No part of
United States destroyed.
Commercial and industrial devel-
opment of Europe and U. S. depend
ent are U. S. capital.
Large merchant marine developed.
High prices and wages prevail all
over the world.
Prospects of large immigration.
Public debt 25 millions.
Government expenses must be re-
duced. Defation is under way.
Reconstruction needs of the rail
| roads are enormous.
More labor-saving devices are nee
essary.
Hugh transportation systems Good
management needed.
Interest rate on commercial paper
is $50.
Wholesale prices are on the down
ward trend.
ing-quantity production.
Prohibition saves millions of dollars
for the people.
Woman suffrage. Better govern
ment Better schools
Good distribution of merchandise
Small Stores, department and chain
stores, mail order houses.
The United States is the biggest
business in the world. 105, 100000
people and 100000, 100000 assets
which should be treated wisely and
justly.
] The United States produces, viz
/ Il 70 VI CilS WOIl WHSdU. W 10 VI
the worlds supply of cotton. 1870 OF
the worlds supply of corn. 27 90 OF
the worlds supply of cattle. 499oo1
the worlds supply of iron and steel
20Te Of the worlds supply of silver
500 of the worlds supply of coal
500 of the worlds supply of copper
$3.50 of the worlds supply of oil
$3.50 of the worlds supply of automo
hiIaS 2dOZo Of tho WORLDS c11pp1u M
manufactured goods.
Bank deposits in the United States
exceed by billions the combined banl
deposits of the rest of the world
Per capita circulation of money
$59.48.
Our money is all good, and ou1
paper money cannot get out of thu
country.
The United States excels in a.
amount of money, (2) inventions, g,