Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-01-06

~ fnH annual rHfiffiflN. IIN {. NNnl
of ths National As. atl.n " Cm
mrrcal Organization Scr .flr,s he'd
.l The Hotel "a Sl,lr CMDlgu Illinois
On ih' 81 OF ~ of O,'olsr. 1890. t,ry
interesting lc.tlro was delivered h !
David lartD7 Industrial ooWmissicnc'
@ TIE OmIhl Chamber II Commerce.
omaha. N,h.assa. ,n thr subject oI
"waat Part. u Any shall e. Ccmmer
Gal Organization Take ~ Industrial
Finsncinc and Whcae'
This rublcet was assigned year o.
advance with request that "a,
sT-aker-elcci will study carefully hi,
study and furnish the school with ar
actual survey 90 siatisicr and facts
th0-c stubborn things. and inasmuch
as Amarillo l. about o. enter IN an
era in an industrisl polnt OF view and
Is anxious. ind,.l o. function at max.
imum efficiency la assistance. guild
snce and wAichfulness q the citizen.
shin. II has i-en deemed hy several
who have rad this wonderful lecture
that Il would D. enlghiening fnr the
r,oders u the Amarillo papers Ia hav.
u presented o. them through the col
uinns and the courtesy 81 shC pub
l!shrs.
Every producing ard consuming 20
dividual h an economic asset ~ tho
community n H. not. Therefore. al
unworthy tendency fer every c1rmcf.
cial organization wisely iu use energy
and brains 10 interes; new citizens.
According o. American and foreign
aciuaries. IN" average social capital.
lid yalu. ~ an individual b. $500 IN
the United Sili"s. while in England
q j. ssi5o. and iu Tmnro s44aA The
capitalized value ~ every man. woman
AID child In your community based on
productive capacity q $500. Each
citizen b. worth an average = 1855
Isr year In cash earnings O. your city.
Some citiz,nr spend more. NOR, spend
lesS. hut the average 81 fairly uccu.
rate
Government estimates in 1917 plac.
I'd the tangible wealth - The United
States Al $3.50 600 GOO The capitalized
value u ,he individuals q The country
would b. more than S5sooo 900 600.
or twice the value q the tangible rc.
sources.
The conclusion Is reached. therefore
that a community seeks new indus.
tries or encourages N. development
% established commerce 90 Increase
The. population. VIZ individual produc.
ton and wealth. New factory hu.ld.
ings are only hores 60 honss the in.
dividuais who produc. tn commercial
and industrial nfg buildings and ma
chinery Do not produce. hut indiv!d.
uais do. New industries ar sought u
bring the individual
But how FAR shall ihe cummar-.al
organization 60 IN an effort BOO obtain
the coveted industry and IT, benefits
Whas TART, u any shall CONNER.
clai organization lake IN Industrial
liranciug'
Bonus bubbles
Years ago some enthusiastic soul
conceived the idea q huyinr industries
by giving bonuses This expensive *.
pertinent appeared In ths fcrm - cash
tgec land. tx eXemfiion. etc. FACTORY
chasers. connecting and spurred IN By
alleged civi~ pFld'. eliminated more
conservative organizations. and Of
course The bonus hunter went Whore
the bSibe was largest
BeCausc ~ the brides offered hun.
drssis q industries were blHt ln towns
and cities which merr not suited far
ihe-c enterprises and they were ulti.
maieiy failures with loss 20 the
owner and o. the bonus givsr
There are exceptions. h.r generally
bonus SWING has proven 10 b.. an ur
sound practice and has BEEN alfuast
entirely abandoned Even Canadian
ciii-s Where ihe municipalities thruush
iaAauon, offered liberal buuuses. hg,.
ah1nlored a.. plan as "a failure.
Lstttn Of Endorsement
When III lamp 20 .vperierc. directed
organizations away from bonuses. In.
. dors-msnts aud stock selling entered
/ ana another business question mad q.
[ hs solved
a. q certain pr porous cts two well
| known firms. on, whul,s4.s and or.
retail pilru'i Further building .xusr.
slun. Both Wee r.Usf1. ana md OBJ /.
highest business reputation The mon
i1 charge wrr" clplil. and InqucsiiUn.
"a uIsncs1 integrity They wanted
one million each 90 preferred stock
I Every dollar wnll1 D. s.ruf-i hv tan
3 sihlc assets figuring h,ttcr than tao
Co one. They asked foI the commercial
orgui zati'lis Endorsement but were
politely refused.
Tn. manager. s7v- the er.grlystiotts
view point and agreed. They quickly
sold every dollar q the stock az PAT
snd interest That ws- yrsr-zgr
''dhey h1va juEs ~ niaay as<s,s Ean
They met every Interest as.Ilr-,fI-.l