Williams news., 1914-08-06
Peace on earth, good will
 to men,"

How long must it be before the
 great day when peace shall reign on earth, will come? How long
 will it be before man will cease to engage in the murder of his brot h. CTS?
 Today, with by far the worst war that has ever visited earth devesta- ting Europe, the dawn of peace seems no nearer than when the low ly Nazarine walked the earth bear ing the message of great joy that should finally bring peace on earth, good will toward all men. Many ears have heard that message, many hearts have been softened and the brotherhood of man has been conceived by millions as a possibility. Civilization has pro- yressed, slowly and painfully but truly. :, <
 At first glance the fact that the present war in Europe, if it be- comes all that 1t threatens, will be the most bloody and terrible that has yet occurred on the earth, would make it appear that man has become more terociously war like instead of less, and that the dawn of peace is farther away now than Never before. But the very 7terribleness and deadliness of mod ern warfare bear promise of peace to come. If mans machines of death experience the same mechan- ical improvement during the next century that they have in the past, war will soon become SO unspeak- ably destructive that man will be forced to cease fighting. However humanity's greatest hope for the coming of pecae7 lies not in the mechanical perfection of the ma chimes of war, but in the growth of new society with bonds of con- mon interest uniting man in peace. The new form of production, CO., operative production -- bcars the greatest promise of peace to come. This in place of the old competi- tive production.
 Time was when one nation by conquering her neighbers, might make herself immensely wealthy. Her highest economic interest pro ited by war. The same is not so fully true today and will be less true tomorrow. Modern industry has developed bonds of common interest that bind the different nations together, and in the years to come these bonds are bound to grow stronger and stronger.
 When the present European con- hict draws to its bloody close, Ger. many and each other participating nation likewise, will have four great items of loss: first loss in, human life and limb; second, the financial expense incurred by put ting her army and navy in the field; third the loss by the destruc- ton wrought by her enemy; and fourth and not least, the loss to herself as result of the destruc. tion she dealt her enemies. The first three items of cost have been common to all wars altho never before so enormous as may be ex- pected in this. The fourth, how ever, is comparatively new item. That Germany, were she able to devastate all her opposing nations, especially if England be drawn into the conflict would thereby inn measurably injure herself has not occurred to a great many, but is maintained by leading experts on econo m ics to day. Germaay's banking and financial system is go bound up with that of England and all the other great nations that the ruin of her neighboring nations must cause enormous finan- cial destruction to her own bank ing and industrial organizations. The enormous folly of Germany's provoking war with her neighbors be she conqueror or conquerored,. will be apparent after the war.