The potters herald. [volume] (East Liverpool, Ohio) 1899-1982, 1942-01-15
Recalls Business
Conditions In j. S.
During Past Wars

New 7 4Ork-AS business is timed to
60 round the clock with America at
war for 1912, the American Express
in closing it's 50th anniversary year
of "Travelers Cheques" founded in
1891, looks in retrospect recalling the
commercial status from the dawning
nineties through the Spanish-Ameri-
can and the First World wars. "The
tempo and myths of business as
usual are revealed through the
pages of history and mirror much for
American business today, states
Douglas Malcolm of the company who
highlights the recurring milestones
pertinent for the coming year.
"The year 1898 gave modern Amer
ican business its first operations under
war, recorded by economists as a
year of troubled wars. The sittua-
tion in the Far East involved the
European powers, including China
and Japan. India's insurrection came
simultaneous with the Sudanese des-
cent upon Egypt. Into this interna-
tional medly came the Spanish-Amer-
ican war which was declared April
25, 1898, with Congress appropriat-
ing S50,O00,O00 for national defense
and the War Revenue Law later rails
ing the amount to $225,O0O,OO0. A
United States Squadron under Com
modore Dewey destroyed the Spanish
fleet in Manila bay and took the Phil
te,ln tch
life estimated at less than 600, while
the American Navy had no casualties
and only 7 wounded. The annexation
of Hawaii came July l, 1898.
"The prosperity of the period was
an expansion era and left no pattern
Of business guidance. 1t was a period
of the greatest railroad building pro-
gram in American history supple
mented by the largest crop yield ever
recorded. 1t was the dawning era Of
rural activities developing the rural
free delivery system, with thousand
new post offices designated in Janu-
ary 1899. The expansion of western
farmlands and the organization of
farm bureaus favoring farm electric
ity and rural telephone expansion Gre
ated an urban economic cushion dub
bed by economists as the farm and
oil prosperity year., which opened the
10Th century.
"The declaration of war in 1914
checked the 1913 depression abroad
and created a temporary war pros
perity. America at war is now paral
leling a repeat of history except in
Coming events are casting
their shadows and business is reflect
ed in the restrictions and checks of
the War Industries Board operating
during the last war now answering
a curtain call for World War No. 2.
On June 5, 1917, came the call for
registration and 13,22S,0OO men be-
tween the ages Of 1S and as had reg
istered approximately 100000 men
were trained, of which 100000 were
sent overseas, with only 100000
seeing actual service.
"The same pattern extended on a
larger scale is now being formulated
in striking similarities with indus
try's big job of winning the war The
World War No. / brought a meta
of industry and saw full
drama of war needs, requirements and
restrictions. Raw material then, as
now, was the root Of the industrial
tree, steel was the epic product, the
forests did their bit with the build
ing material industry as an aid to war
becoming the third largest trade in
terest in 1913. Fuel saving and light
less days were an accustomed war
program in 1918. Sugar was rationed
in December 1917 and ban on white
bread opened the New Year. Among
the trends which took root during
the conflict were the new social ten
dencies, new labor demands, with a
distinct sanitation boom characterized
in the second year. The war gave
great impetus to science and inven-
ton which Yankee ingenuities started
with the "call to colors" dubbed by
the Patent Office as inventors fury.
Like the Crusades of the Middle Ages
the war stimulated travel. The United
Staets was forced by circumstances
to improve its chemical and dye in
dustrieS.
young woman who really has done
to help bring the world out
of its mess.
As matter Of fact girl running
a machine in a shop making war ma
terials probably will rate as more
in the long run in history,
than any woman named in the list
pronounced by Mrs. Roger Babson's
Webber of finance and business for
Wonder who her press agent
is?
X X
PANTRY PALAVER
Chefs Hints: You can prevent bacon
from curling at the edges when cook
ing by notching the edges with scis-