The Republican. [volume] (Oakland, Md.) 1877-current, 1922-06-22

Economic conditions are improving at
such pace that the business men of
the country are busily engaged in
preparing for the incrs ased trade
which is already being experienced.
Never in the history of the country
has there been such building boom
as is now being experienced.
Money is plentiful at a low rate of
interest, and business men are tax
ing advantage of it to make improve
ments and expansions which they
have postponed for five or six years.
Reports from every section of the
country made to the employment ser
vice of the United States Department
of Labor show there is no longer such
thing as a problem of unemploy
ment," The only industries where I'M
employment prevails are those which
are affected by strikes. In a major
ity of other industries there is an
actual scarcity of labor Where
newspapers formerly carried columns
of advertisements under the classical
ton of work wanted" they now car
ry columns of advertising for help of
various kinds.
| Farming interests are in good
shape. No better proof of this is
needed than the records of the War
Finance Corporation which shows
that loans which have been made dur
ing the 16 months of agricultural and
live stock purposes are being repaid
before the date of maturity. In fact,
during the last two months the rec
ords of the War Finance Corporation
show that the repayment of loans
4 have been in excess of the amounts
disbursed on new loans.
Railroads are placing immense or
ders for new equipment. Farmers are
advertising for help to take care of
the bountiful harvests which have al
ready started. Harvest hands are
being offered $3.50 and $500 a day
with board and lodging and are diff
ficult to obtain even at that figure,
which clearly shows labor is no longer
a drug on the market.
The steady pursuit of sane economy
and wise financing upon the part of
the administration has brought the
credit of the country to the highest
point it has enjoyed for years. For
the first time since they were origin
ally marketed every issue of Liberty
and Victory bonds is selling at par or
above. The public interest bearing
bonded debt has been reduced $780,
100000 within the past year or at an
average of 100000 a day. A very
liberal proportion of the outstanding
bonded Indebtedness has meen refund
ed at a lower rate of interest, thus
making another tremendous saving in
the fixed charges Of the government
Thirty days ago it was announced
that the actual expenses of rum ng
the government this year would be
approximately $1,6O0,OO0 900 less than
it was during the last year of the
Democratic administration. Now
comes the announcement that another
$780, 100000 has been Topped of the
public expense account, and the fiscal
year which ends June 80 will show a
saving in routine expenses over the
previous year of not less than 81 ,700,-
100000.
The cumulative effect of all these
things cannot but work together for
good. Business men cannot fail ia
appreciate the improved outlook
Working men are perfectly aware
that the conditions in the industrial
world have changed all for the better
Farming interests know, despite all
attempts to convince them to the
contrary, that the past year has wit
messed almost revolution in the
betterment of their outlook. All
classes of citizens feel the urge to.
ward better times. All taxpayers are
fully cognizant of the economy pro.
gram which has been vigorously pro
secuted by the present administration
with so magnificent a result.
Scant wonder then that the Demo
cratic leaders are losing their heads
and running about making wild and
grotesque charges regarding the pres.
ent administration in vain, if not in
deed ludicrous, effort to excite the
public into a belief that things are
not as they really are.