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Show Expansion, But Not Inflation " ' By Ira C. Tichenor ; " BECAUSE of the increasing fcctivity in newly every line of industry and in retail business generally, together with an upward tendency in prices, the existence of a big "bull" market in Wall street and the greatest amount of idle money in the history of the country. th ballet U expressed In soma quarter that tha nation U entering 'upon another era f inflation. ' " '. - Ther is in xlatenoa n condition alona which makes It poaalbla to draw tha line of distinction between inflation and axpanaion. Thia condition ia tha need or th oonntry for tha things that aro essantial In th "ery day lift of th people, and soma of which they har been denied foreveral years. Th principal of the delinquencies 1 homes, th construction of which almost completely ceased during th arly stages of th World wsr and tha resultant ahortage In which cannot be overcome for a number of years, ren with th conduct of record breaking construction operations such a hay been xprienc4- during th greater portion""? the present year. Not only la ther a shortage in dwellings. Including apartment houses, but th same condition Mist as to factories, buslneas blooks and offlc buildings, and. In fact, all klnda of things which requlr varloua kind of material and workmen to put th material Into form. Th term eonatructlon might Include th deUyed need of th railroad. ' . indicated by th placing of order for a million ton of teel rails, thou- mn& of puunr and fralght car. and hundreds of locomotlTaa., ' ' In addition to tha nead for mora hoin?a. tha peopla ara In ad tof w furnltura. dothin-. shoes and varloua articles necessary for their corhfort and pleasura, and which they hare been forced to dsny themselves to a treat extent. . In order to meet all these needs tha Industries must expand; hut this will be) logical and entirely different from the feverish output of goods two or three yeara ago to meat tha mere fancy af tha paying public. Intent upon fitting rid jot locixnea lricreased during the , war, , . |