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HONOLULU STAR-BULLETTX, THVKSPA Y A I (H ST !. 1917.
To e Besnd. Jhm Items Prosperity! By W. G. M'ADOO, Secretary of the Treasury (From ;in address before t Ik Associated Advcrti-iii: ( 'lul- of tin Woi Id. St. Louis, June 7 ) Jl('MK people T ? 1 1 . i ill j neiu'ii-n n about the future of business. "Why. srentlemen. prosperity in the in-xt twchf months will bo greater tlian it ever i;a- 1km n in our history. You cannot prevent it if you try. The allied government and our own iroverntnent have got to buy here ten billion dollars' worth l material and supplies products of your farms, your factories and your mine-. "The expenditure of that vast -urn of money will force prosperity upon us whether we want it or not. " ' I 7 Editorial FROM time to time t lie Star Bulletin receives from merchants of Honolulu, quotations from men and publications on "What hu.ines m.-:i of America -liould do to keep business normal." m this page appear a few of these articles containing a wealth of irood sound' advice. The Star Bulletin's suir;e-t ion to the business men of' I lonolulu and all I lawaii is: To keep li'iii;ess moving and establish confidence in the minds of the public that would buy wisely, the broad :o,i:c merchant should speak to the buying public tlinniirh liic cft'iei, i.t medium of Paid Publicity. Paid I'id'b.rity carry his messape directly into the homes of thousands of intelligent newspaper readers. Paid Publicity will establish a direct bond of co operation between the buyer and the seller, promote mutual understanding, assure careful buying, in crease family savings, develop more business and place trade on the high standard of efficiency so vital to National, Civic and Personal Welfare. 11 MIL 'TO SPEAK, ACT and SERVE TOGETHER for OUR COUNTRY'S SAKE' KEEP BUSINESS GOING OUR country prosperous can pay our war costs as they come, and have enough left over to aid our Allies. Our country unprosperous, with business halting, money hoarded, through fear or false economy? will be hard pressed to keep food on the table and clothing on the back KEEP BUSINESS GOING For Our Country's aa&e War duties and war expenditures must be in ADDITION to peace duties and peace expenditures. The more we do the more we CAN do. The more money we spend the more we will have in our pockets to spend. Money creates money. In a word: the natural sane life of the country must proceed as though we were not at war, in order that we may have the necessary is a patriotic slogan. Keep money prosperity to promote the war to a in circulation. Keep employment for quick and successful conclusion, everybody. Keep wages good. Keep President Wilson sounds the key on making money that we may have note in this sentence: "It is evi money to spend for war sacrifices. . dent to every thinking man that our The worst thing that could hap- industries, on the farm, in the ship- rt ih wnrld these davs would yard, in tne mines, in tne lactones, W w "Business as Usual" By J. Ogden Armour be a business depression in our United States. War in itself does not cause busi ness depression. ' The billions of dollars oi money must be made more prolific and more efficient." Our industries can be made more prolific only if the people buy and use the merchandise produced by our industries. Manufacturing slackens . , , , . mHtii unman ico. xYxouuiacbuuug buca.cu.' to be expended in war preparations KB,B11DO i i- . - a ii.- 1li-r, i ,,r ""Gil UUOIUCOO DMJVACUO. iUftUUiaf ..ffL1 SrSTu-.!? ill turing grows in a prolific way when own country and this in itself will create pew wealth for use in the world-struggle for humanity. The one thing that might halt bus iness now is an unpatriotic psycho logical feeling of panic and a false idea of patriotic economy. PATRIOTIC ECONOMY Patriotic economy means the elim ination of waste and extravagance. It means the conservation of our food products, our natural wealth, our health, our ene.gies, our labor, business grows. And business can grow and remain healthful only when the people buy and keep money in circulation. BUSINESS IS GOING STRONG Business is going in the East, the West, the North, the South. The country is prosperous. Last month's increase in business was very large. Banks may wait in their operations until the government bonds are assimilated. People may our very lives. It means putting pause temporarily in their outfitting more efficiency in everything we do 8X that each umt of money, energy and intelligence may accomplish the utmost. Patriotic economy does not mean the lowering of America's standard of living, which would make us less efficient physically and mentally, nationally and individually, and would kill the spirit and the will to do the truly self-sacrificing things to be done. Cities and communities must go on with their civic improvements. Road building and public works must proceed. Railroads must re- to arrange to meet the new con ditions. But the unloosing of bil lions of dollars will unloose a flow of prosperity absolutely necessary to sustain the world's burden. Governments set the pace in their expenditures. Individuals must not lag behind. Seven billions of dollars to pay is only $70 per capita in the United States. Yet seven billions of dollars, put to work at 6 per cent. a fair estimate of the producing power of money will create 420 millions of new wealth. The income tax we pay will not new their equipment. Factories must be a tax on prosperity, but a spur be kept going to their full capacity, to prosperity. Every dollar the in Labor must be employed. Homes dividual pays out will come back to must be kept up. Merchandise must him with interest in the general be produced, distributed and used, prosperity of the people. Keep business going' "for our country's sake. War cannot be waged and won without the sinews of war. JOHN WANAMAKERrNew York THE prompt adoption by the Am erican people of the "business as usual" idea is going to enable this nation to prosecute this war without experiencing a temporary depression -such as England and France have recently recovered from. Modern war requires the expendi ture of huge sums of money and means maximum employment and high wages for all workers. Other conditions, peculiar to this war, make it certain that this nation will enjoy a period of business and in dustrial activity the like of which has never been seen and which is assured whether the war lasts sev eral months or several years. There is some reason to believe that economy rules will be misap plied for awhile, but conditions are such that the public will soon see, if they have not already, that there is no occasion whatever for them to become alarmed. They will have more money to spend than ever be fore and they will not find the things they want disappearing from the market. A continuation of the great pros perity that has ruled in this coun try for two years is assured. There is an abnormal demand for every thing the workers of this nation can grow or manufacture. There is work at high wages for every man and woman who wants work; the earn ing power of the people is restricted only by physical limitations; the buying power of the public is greater than ever before. These are certain guaranties of continued prosperity and of an ever-widening scope of our business and industrial life. As to the advancing of billions of dollars to our allies, it is a misnomer to call it a loan to our allies. We are primarily extending them credit. Instead of sending billions of dolla-j out of the country, the transaction means that billions of dollars will actually be freed for circulation in this country. Practically all of the billions we lend our allies will be spent in this country for the prod ucts of our soil and our factories and for payment of our workers. We are the storehouse and the fac tory of the world now, and the more money the world can get hold of the more will be sent here, and the more that comes here the more work and the more business will result. And, in this connection, remember the government of the United States is now a buyer for war purposes, and the dollars of Uncle Sam have already begun to pour forth to stores, factories and farms to pay for the expense of mobilizing, drill ing, equipping and feeding the Army and Navy. I consider the present the most auspicious from the standpoint of national prosperity in my memory. There is not one good reason why the business of this country should not proceed in its normal course and on ever-increasing lines. There is not one reason why people should permit themselves to be swayed from the certainty that they are on a sound financial basis. The per capita wealth of Ameri cans today is greater than ever be fore greater than that of the peo ple of any nation at any time in the past, or in the present. Our national wealth is past the wildest dreams of a few years back. Labor is satis factorily employed and at record wages. Every day that the war lasts will find a greater demand for the labor and the brains of the wage and salary earners of the United States. Certainty of work and cer tainty of wages are the prime fac tors of prosperity. They make pros perity certain. Whether the war ends tomorrow, or whether it lasts indefinitely, this much is certain : The United States, having possession of approximately 40 per cent of the world's supply of gold, the greatest natural resources and geographical isolation, is certain to suffer less than any other nation in the war or in the whole world. The future of our nation is secure ; our business prosperity is founded on safe ground; our labor situation is remarkably good and I cannot con ceive of a sane or justifiable reason why the people of the United States should become alarmed over any phase of the martial, business or in dustrial situation. Faith is the great need of the peo ple today faith in Providence to lend might to our right, faith in na ture to respond bountifully to the wonderful efforts of our agricultur ists to increase the food supply to provide a surplus for our allies, and faith in our government which has taken hold of the problems before it in a way that demonstrates it is deserving of our faith. These, then, are the things we must do and do well, besides fighting the things without which mere fighting would be fruitless9 PRESIDENT WILSON.