Albuquerque morning journal., 1913-12-23

great factor in International politics.
From the moment Norman Angel
developed that thesis. which is the
text of "The Great lllusion, namely
tho complete interdenendcncc of ma
tion upon nation IN respect Of trade
and finance, and showed to the point
Of demonstration the utter impossible
ity Of war resulting in anything but
injury not only 10 the yanquished
but even more to the eonQueror
thoughtful men throughout Europe
began to think whether after all It
might not Dc true ana Il true where
did they stand2
Large numbers of men and women
in every nation IN Europe have ac-
cepted the views put forward IN The
Great Illusion Every day brings In
IT'S evidence that the views Of many
Statesmen are being steadily influ-
enced by this peace movement. so
emlnently besottcn of The under
standing, and il is clear To any one
that henceforth this new factor Will
have TO be INCREASINGLY reckoned with
in any review Of International poll
tics.
just over two years ago when Aga
dir was on every mans lips, on both
sides Of the North sea, what was the
hand that really held the leash OF
the dogs Of war and refused to loose
lit? Every revelation since has gone
TO show that it was finance. wit
what amounted 20 a panic on the Ber
I lin bourse and run on the banl
throughout the country. many states
men in those days must have askc"
( themselves. "lf this is done at tn
threat, what Of the accomplishment
And so war came TO the birth ans
could not be delivered
Il is ovory day becoming more in.
creaslngly evident that the more
civilized the country the more it'
trade and commerce ana manufac-
lures are developed. the more hardlN
does it 20 to war The Montenegrin
can leave his plough in the morning
shoulder his rifle and be at work or
his alternative trade at night lie car
fight for weeks and months, and then
when the war is over go back Go his
farm and take up life where he left
it of weeks or even months be-
fore
The same is true in varying de-
grees of all the Balkan states 1t Is
absolutely true Of Turkey And 81
the Balkan war was possible and Tho
rapid recuperatlon of the Balkan
states is possible and even certain
I But what Of the powers2 THE wal
must be ciroumscribed. At all cost
we must agree to draw a ring round
1.-THE Balkans" This accomplishment
was for twelve months the great am.
bition of the powers by day and IL
possible failure their nightmare bl
night No doubt in this desire simple
motives OF more enlightened hu'
manity had a large part, but it can.
not be doubted that again and again
THE weight that brought down the bal
anee on the side Of peace was the
Question Of finance Not the simple
counting of the cost Of warfare il
lmarks and francs, kronen and roubles
but tho recognition that in that won.
derfu system Of credit which ha.
spread itself over Europe and beyond
an injury done anywhere is an injury
done everywhere.
The Balkan states and Turkey and
to q large extent Russia arc stIl out.
side the vast credit bond Of the con-
/ tinent, bur Germany with her army
bills, France with her three years
service, Austria Hungary with hoI
4 new dreadnoughts and her new guns
+ England with her r75.000000 budget
for her navy alone, are all subscrih-
ers to the great system, and q bank
i closed or house broken in Berlin
as likely as not affects more people
lin London, Paris, or Vienna than 4
/ does in the German capital.
II has been often pointed out that