Arizona republican., 1921-06-01

Style the outstanding element which makes the textile industry the second largest in this country Clothing would be it possessed no style, be- cause of necessity but is style that creates volume in both new orders every season and repeat orders always It is style in clothing that gives employment hundreds of thousands of well paid workers it is style in clothing that the output into billions Of dollars annualy it is style that fills factory lofts with millions rentals and calling for huge building projects. The elimination of style from clothing would be economic and industrial catastrophe
 If the views of MT. Wallace should be adopted we would it down the bottom of almost every line. There would be not one-fifth of the cotton acreage planted. there would be one sheep raised where there are five now. The silk producing dustry would be reduced eighty per cent If every garment were tatters. Altogether the worlds wealth. say nothing of it's pleasure, would be ly curtailed-
 Short sighted persons viewing the long lines of automobiles which may be parked along thk curbs of Phoenix any other city often ask with regret what would be height of prosperity if we had saved all the money that had been put Into machines costing from 5000 ssooo each and which have entailed annual for upkeep
 The answer is that these machines represent created wealth which would not have been created but for them. We may disregard the automobile a utilitarian article. money maker money consider it only luxury Still it stands
 
 Before the automobile there expensive riages and horses representing created wealth. If could have saved money by not building and buy ing automobiles we could in a lesser degree profitably have dispensed with the carriages and mained with the carts.
 Twenty years at meeting of the Texas Bankers, Association the president distinguished and astute banker of Dallas. warned his associates against the automobile. which he foresaw only abs of orist he hay for seen the extent to which the industry would grow. without foreseeing in it creator of wealth. he would at once have abandoned the country to it's fate.
 It is true that for automobiles. and rapidly changing styles clothing for and women. would money and would have more than we now have for the that not sit uated to participate in the wealth. that is to participate in it perceptibly, though the of vast, that there is hardly in the country who does share in 1t to degree
 Saving is fine habit. but if did nothing but save--if all of only saved should shortly have nothing to Wealth is the product oe ere alton and before creation there can be dstribu- ton; before distribution there nothing to
 The chief cause of depression is cessation of judicous buying. We used to live in a country sometimes visited by early frosts. It country. Few of the farmers were very wealthy though most of them were well to do The corn crop not essential to their welfare but the ceeds counted upon to augment their bank counts. Now and then September frost cut the corn. Immediately they stopped buying and there was a depression in the community. Everybody hurt when there really why any body should be seriously kurt
 So it is in the country at large when dis arrangement occurs people stop buying and the de- pression That is what used to panics People pulled apart from another instead of sticking close together