Thank you for correcting the text in this article. Your corrections improve Papers Past searches for everyone. See the latest corrections.

This article contains searchable text which was automatically generated and may contain errors. Join the community and correct any errors you spot to help us improve Papers Past.

Article image
Article image
Article image
Article image
Article image
Article image
Article image
Article image

True or False Economy ? __ _' * Some Wartime Truths “Personally, it would not surprise me if this ‘stop spending money’ cry is part of the v Kaiser’s German-made plans to hasten our defeat. . . . Commercial activity supports and keeps alive the home, the church, the school, the state, the nation and the world." Thus speaks Chas. W. Mears, a student of National Economics. (The second and final part oi a marvellous article on to-day’s financial problem—the first part appeared in last issue but will re-appear in next.) Earning and spending depend upon each other. If people earn without spending, earnings eventually stop. If people spend without earning,, the spending supply eventually runs out. There is no miracle about it. We spend because we have earned, and we "are able to earn because we spend. Through this process we British become the greatest of nations. Let this process stop, and we shall cease to be great. From these facts it is evident we all have a great patriotic duty to perform from day to day right at home the duty of working and living up to our accustomed standards, and of buying whatever goods we may need in order that factories and stores may bo kept busy, and that men, women, and money may bo given employment, whereby we shall all have money to spend—the only process by which we can maintain our soldiers and our Govcrnijjent, and make victory and peace sure. There are many plants in the country for which (he Government can have no war use. There are many workmen in this country for whom the Government can have no war use. These must be kept employed, else we, shall have economic disaster athome as well as war abroad, thereby adding to the perplexities of the Government’s problems. Business is constructive, whereas war is destructive, and destructive war pays no commercial profit. It is an error, therefore, to refer to war as business. Until war ends, war must bo our first necessity, our highest obligation, the one thing wo must support-and promote, but that does not change the moaning of terms, not make war a business. One politician says wo must all spend loss and save more! Now, it, is remarkably easy to say a thing like that; it is always easier to command a miracle than to perform one. To spend' less and save more, nationally, would be a miracle Our people have never been able to save except when money was being freely spent. Every year when business is active, savings deposits increase. Active business alone is (ho £urco of increased savings But when people begin deliberately to stop spending, woe begins Merchants are forced to buy less and lo dismisssome of their help The manufacturers are forced to buy less, to manufacture less, and to dismiss some of their help. Then, in no time, so many men and w-opion are out of employment (hat, if you have a heart in your bosom, you are impelled to give away in charity more than you have saved by pinching, and your charity helps to make beggars of men and women who would much prefer to work for on honest living. Nor need we worry about whether our goods interfere with war, because ns surely as there is a sun in (lm sky. so surely will (hat matter operate automatically. , If, for instance, you make and sell goods containing copper, and war needs all the copper that can bo produced, you .will eventually bo unable to buy copper. No seller will supply you War comes first, and (bo Government will got die copper. Outsider these facts: 1 War repuires both men to fight and men to produce what the fighters need 2 At the same lime, those at homo mud, be fed, clothed, housed, and employed 5 If a nation cannot provide both for its people at (lie front and its people at home, that nation will go down to defeat, in a long war, unlc.-s some other nation comes to its rescue and supplies its necessities A Enghind and Era nee could not both fight and produce They wore compelled to call upon the United United .States for help in their desperate need. 5, If the United Slates cannot help England and France and provide for her owji soldiers at the front and in training, and for tier own people at home, what other nation can or will fly lo our help with men and money and food and guns? (Compiled by Collinson and Cunninghamc, Lid., of Palmerston North.)

THE NEW. ZEALAND SHIPPING COMPANY'S LINE. MODERN TWIN SCREW PASSENGER STEAMERS, FITTED WITH EVERY COMFORT. It is intended until further notice to despatch a passenger steamer from time to lime to a port in the United Kingdom. Return tickets available by P. and O. Line. Also from time to time as opportunity offers. FIRST-CLASS INSULATED CARGO STEAMERS. The Ccmpany. having erected commodious storage accommodation, with dumping plant at Foxton, is prepared to receive wool, flax, tow, etc.," for transhipment. The building is gazetted a Government Grading Store, enabling millers to have their flax graded locally. For Passage, Freight or Storage APPLY TO TfI&NEW ZEALAND SHIPPING C 6. LTD. Telephone, No. 34. Offices: Harbour Street.

BARRA UD AND ABRAHAM, Ltd. WE have just landed our new season’s supplies /of TURNIPS & SWEDES, MANGOLD 1 & RAPE, CLOVERS'& MUSTARD. All very fine samples and specially selected for our trade. We have a large stock of COCKSFOOT & RYEGRASS including a very fine sample of Italian Rye. Seed Oats and Seed Potatoes of any variety. Fedd Oats and Sheaf Chaft. BARRAUD AND ABRAHAM, Ltd. PALMERSTON N.

TOP-DRESS YOUR : LAWN WITH ; BASIC SLAG AND the grass will grow that fast that you will require a WOODYATT LAWN MOWER to keep it down, These Mowers are/very easy running and all spare parts are kept in stock, NYE stocks the Slag and Mower. Also- Bonedust, Guano and Agricultural lime. . Regular supplies of Coke, Westport - and .Waipa Coal. WHYTE ST COAL , YARD. W. NYE, ... Proprietor.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/MH19180321.2.3.5

Bibliographic details
Ngā taipitopito pukapuka

Manawatu Herald, Volume XL, Issue 1804, 21 March 1918, Page 1

Word count
Tapeke kupu
1,004

Page 1 Advertisements Column 5 Manawatu Herald, Volume XL, Issue 1804, 21 March 1918, Page 1

Page 1 Advertisements Column 5 Manawatu Herald, Volume XL, Issue 1804, 21 March 1918, Page 1

Help

Log in or create a Papers Past website account

Use your Papers Past website account to correct newspaper text.

By creating and using this account you agree to our terms of use.

Log in with RealMe®

If you’ve used a RealMe login somewhere else, you can use it here too. If you don’t already have a username and password, just click Log in and you can choose to create one.


Log in again to continue your work

Your session has expired.

Log in again with RealMe®


Alert