OCR Text |
Show Hi. EFFECT OF THE WAR ON HH j AMERICAN BUSINESS Ml ; i Tho Kuropeau armlea so far, seem PtH . to luivo been supported mostly out 'MnE ' ' -of "war chests," vast sums previous- iBlf ! '' massed. Hut tho borrowing of JBISG . money lias begun. This means that IWm ' n" "10 contending peoplo must for jtJ ! liiu years p.iy an extra tax. If tho Bm ' powers have any sense remaining, t Bfjr '3 they will ugroo, when tho war closes (Ufi V' on soma reduction of armament. Thu Pjlf, saving hero might balanco tho hcav- iior taxes caused by interest and payments pay-ments on war leans. Where tho war will pinch bitterly Is ' HK i in thu loss of oarnlng power. Mil- j ! i lions of families must now draw on WJi j I their savings, and very likely oxhaust , WP. ' them. Tho scalo of living will bo Qjjjl v reduced. Peoplo will ocupy proper MV j houses, eat less food, and cut out , jlnf '.' luxuries. Kamlllos that liavo lost tho Hjjfc i breadwinner must strugglo on Ul-fod ijtj , nnd hnlf uourislied. 'Wt l Kuropo can not for tho noxt docado 'fkll I m,y bu many Amorlcan mnunfnctur- lrM v Ctl Bou8, II wl11 not l0 a,), toi'eat K Hit ko mucli grain and meat. Whllo tho tlHE '((( war lasts, moro food products will 45 Ki" J bo bought In this country. Armies IB .1 havo to bo fed, oven If tho children 5$(w I starve. 8o many farm workers havo '$n J b""- killed, that agricultural produc- V.mmmmmW tlon will drop In Europo after tho war. So, perhaps, In splto or tho prcspeetlvo poverty, Europo may permanently per-manently buy just as much of our farm products. Tho war will havo at least threo economic effects on American business: busi-ness: 1 Consumption of Amorlcan manufactured manu-factured goods by Europo will fall off. 2. Somo new export trade should bo developed by our manufacturers In Southern ccuntrlcs on account ot tho crippling of European producors. I!. Business will bo disorganized in Europe for a period of yenrs, thnt competition with American factories for our home markot will bo less sovore. Honco os far ns effect on American business goes, thcro seem to bo two favorable factors to ono that is adverse ad-verse Henoo thcro Is every reason why business In Amorlcan should ad-vanco ad-vanco confidently. Let evory ono savo needless expense. Hut It Is no time to board. If you can savo a dollar take it to somo bank.-whero It will help finance somo good enterprise. |