The Glenwood post., 1921-03-19
AFTER TWO WARS


edge on this very point, it quotes a
comparison between our situation today
and that Immediately following the
lCivil War. Any open mind, says the
Kansas City editor, "cannot fail to
conclude that in the fundamentals the
country and its people are in vastly
better condition now and face surer
prospects for sound prosperity in the
future than was the case ffty-three
years ago. Here are the comparisons
as this editor takes them from house
organ of the National Cash Register
Company:
UNITED STATES AFTER CIVIL
WAR-1s61-1S65
]. Debtor nation.
2. United States borrowed heavily
from Europe.
3. Paper currency at a discount
not on gold basis-gold at large
premium.
4. European currency at prem
ium-dollar at a discount the world
over.
.. United States credit was ex-
hausted-looked to Europe for aid
Hundreds of thousands of the best men
on both sides killed OF impaired by
disease.
6. Country was small in population
and largely undeveloped.
7. Industries in their infancy.
S. Inadequate banking system
9. Foreign trade smnll-imports ex-
ceeded exports.
10 War left large part of country
devastated and balance Impoverished.
IL. Commercial and industrial de-
velopment dependent on European cap
ital.
H. Decline of merchant marine.
10. High prices and high wages pre-
vailed in this country only.
a. Large immigration set in.
Is. Public debt small as compared
with today.
16. Government expenses quickly re-
duced and imitation stopped.
II. Period of great railroad build
ing started.
49, Period OF labor saving invention
set in.
49, Lack of transportation.
20. Took ten years for rates on com.
mercial paper to decline from s per
cent to 5 per cent.
o. Took fifteen years for prices to
decline 80 per cent.
o. No quantity production. Manu-
facturers used hand methods.
60. Booze. Cost the people millions
of dollars each year.
"a. No suffrage for women.
UNITED STATES AFTER WORLD
WAR-1s14-191s.
l. Creditor nation.
g. Europe owes United States 10
billions on government loans and to
4 billions more on private loans.
g. United States has one-third OF
the worlds gold.
4. European currency at discount.
: Dollar at a premium the world over.
5. Europe's credit is exhausted.
,, All are looking to United States for
, aid Millions of the best men on best
, side killed or impaired by disease.
s. Country is powerful and natural
resources developed.
t 2. Industries developed and on
firm basis.
; S. Good banking system.
Q. Foreign trade large. Exports
, exceeded imports by billions in 1919.
, 10. War was worldwide. No part
of United States destroyed.
IL. Commercial and industrial devel-
opment Of Europe and United States
', , dependent on United States capital
12. Large merchant marine devel-
I oped.
13. High wages and prices prevail
: all over the world.
, IA. Prospects of large immigration.
Is. Public debt 25 billions.
le. Government expenses must be
reduced Defation is under way.
! II. Reconstruction needs Of the rail-
roads are enormous.
IS. More labor-saving devices are
, necessary.
10. Huge transportation systems
: Good management needed.
90 Interest rate ON commercial pa-
per is per cent.
81. Wholesale prices are on the
downward trend.
i. Modcrn ,uethnda in manufnetur.