Daily press. [volume] (Newport News, Va.) 1896-current, 1910-12-17
DECLARES THEIR POWER
WILL BRING BANKRUPTCY
Speaker Before Convention OF the So
clesy for tho judicial Settlements ef'
Disputes Says That Diversion Of
Capital from Enterprises sos Battle
ships Is Greatest Economic Mischief
sBy Arscc,a,eo rresa,

fBy Aesnciated rreaRt
WASHINGTON, ID. c., Dec. H.
That war scares are largely inspired
By armament contractors who ulti-
mately would drag various countries
into the Bankruptcy court was
charged by Francis W. Hirst, editor
OF the ! ore a Economist. In All adj
dress before the International Con
vention OF the Society for the Judi
cial Settlements OF disputes.
He characterized as absurd the
purchase of dresdnaushts By Brazil
TO protect itself agairy Argentina"
ami declared that the riyslrf between
Japan and the United states was
crus hing the people OF Ja,sr under
load OF taxes while Rrma ent ex-
penditures also we're wreckinr the r.
nances OF Great Britain and Germany.
The Supreme Court OF the Tired
States az analogous TO the proposef
arbitral court. was often cited In tac
discussion of the conference.
a. J. Montasue Speaks.
Andrew j. Montague. former COVER
nor of Virginia. charssferizsd the
United States Supreme Court as an
International court. because II was
called upon 10 settle differences hsr
tween sovereign states.
General depreciation Of war was
added TO by Dean Charles Noble
Gregory. Of Iowa. state university.
who said aviation was a new means
Of destroying man by overhead at
facks. the inland cities now being no
more immune from invasion than the
seacoast points.
Permanent Court.
The permanent court or arbifrai
J Justice. the purposes OF which the
society hopes ultimately 10 put into
effect. received favorable and unfav-
orable treatment By various speakers
of the day.
Mr.. Hirst. the English represents
tive at the conferenW commented on
the danger of having the court too
Judicial urging that diplomacy be
mingled with Justice for the general
satisfaction of all
Mr.. Hirst read a letter from Lord
I.oreburn Lord High Chancellor of
England. who wrote:
Il need not tell you how dep and
sincere Is nay sympathy with eny
movement TO further the judicial set
Element of international disputes. IL
is the hope OF the future and will
I be reaIlzed--sooner or later. And
when u comes the world Will with
gratitude. remember the sustained ef-
/ forts of the American government In
this good cause and win treasure
/ them among the ioftiest cndeavoTs Of
great nations. :
Power Of Contractors
MY purpose said Mr.. Hirsf. Is
TO show that the evils and dangers
are constantly shifting and changing
so We must be ready TO apply vari-
Gus remedies. The growing wealth
and power OF contractors who supply
governments with stores and arma-
menfs of all kinds is portenos- They
can we'll afford to keep press which
shall revise OF aggravafe natiohaf
fears and iealcusie<. playing on one
irrespective battlesiip against anoth-
err
The diversion OF capital from fruit
I fu. enterprises into forts and haoles
sbips of men. from productive en-
/ ployment 70 armies and fleets where
they have TO live upon the taxes -
perhaps the most obvious OF the great
/! economic rnischiefs Of our time
Are all nations 70 Join IN the race
1 for EXPENDITURES on armies and ma
viez anil they fan down one by Que.
exhausted in the bankruptcy COURT
1T is the good fortune Of the Unit
ed states TO be 50 rich pros percus
and powerful and so fas removed
from pariciy contact with armed
naighbors. that she Is free TO play
the part Of mediator in this inseFaz-
fionai fenc.-
He closed with the statement that
he who could bring about n scheme
which. would be adopted by TIE
Hague for tho limitation q arms-
ment would WIN eternal fame.