The Birmingham age-herald., 1914-08-21
WAR ECHOES

1 Nathan was not the founder ol ,nv house of Rothschild, but he was the
 founder of it's greatness. Years before Waterloo. while one European coalition
 after another was crumbling before the
 strokes of Napoleon's genius, he chung 1 tenaoiously to his faith that the Corscan would at last fall. He took up the com mitments of the British government when
 the treasury was unable to handle them,
 and thus saved it's national credit and in cidentallv, because he bought at a great
 discount and cashed in at par, made a great fortune.
 l Watching the wavering fortunes of Waterloo. Nathan hurried back to Lon don. arriving several hours ahead of news
 from the decisive battle. Change was 1 fearfully depressed by reason of having
 received the news of Butchers defeat two days before Wellingtons victory. At the
 low ebb, Rothschild aought everything l offered and in few hours the rebound
 of prices brought the fortune that has since enabled the house to finance many
 a government, to dictate whether war should or should not be made.
 
 are vastly increased by the greater vol
 ume of transactions through exchanges, and by the possibility of a great syndicate getting together the cash and credit with which to conduct far greater specula-
 tion. A great disaster 10 the allies today
 woud fairly put Europe in pawn. Fol lowed a few days later by the news of a Waterloo victory for them, it woud set | the scene for a very expulsion of the mar kets carrying everything up to new high levels The interest fhat, fortified with
 cool head. cool cash, and advance in- formation, should coohy take advantage of such a condition to reap the oppor- tunities ef open markets would gain re- turns beyond the possibility of imagina- ton.
 Small wonder that exchanges in the great centers are kept closed or doing only the most restricted and nominal busi- ness,
 Today. instead of relay of horses from Ithe battlefield to the sea coast, and thence an open boat and imminent risk of death in getting to London, there is the possibility of the aeiopane. the wireless, the wires, the corruption of censor, the thousand other media through which news might be secured in advance of the general knowledge oi events. It is pos sibility that cannot but appeal to the cu- pidity and the enterprise of adventurous men, as it must to the imagination of the writer of alluring fiction.
 The censorship has it's very real dan
 gers in such time as this, as well as it's military advantages.
 Chicago Herald: The statement issued by the official British press bureau goes as far as any assurance can go to remove grounds for American apprehension as to the extent and possible effect of Jap anese war operations in the far east.
 Ut Is understood the statement reads
 that the action of Japan will not ex- tend to the Pacific beyond the China seas, 1 except as may be necessary to protect Japanese shipping lines. nor in Asiatic
 waters westward of the China seas. nor in | foreign territory except territory in Ger man occupation on the continent of Asia , It Is Furthermore pointed out that Eng l land has been in constant communica- 1 tion with Japan; that the two nations are acting in harmony in the far east, and l that they will keep especially in view the independence and integrity of China as provided fer in the Anglo-Japanese all | hance.
 | The United States has thus received as- surances from beth England and Japan | in entire harmony with it's well known
 policy of safeguarding the integrity of
 China. It has. moreover. received from
 those powcis all the assurances that could
 reasonably be demanded that the Japa- nese operations will be delimited so as
 to give us no ground for apprehension. l It is difficult to say what more we could | ask for receive, without making de- mands whck belligerent nations would not be disposeG to grant and which neutral
 nations arc hardly in a position to en- ! force without substantial and a dan gerous change of policy.
 On the assumption that in time of war | no nation is to be credited with honesty, | thesa assurances amount to nothing. But on the req sonable assumption that there | is still sucr (. thing as national good
 
 ] the far eastern situation for the present. 1 Washington Evening Star: Viewed sole | ly as a political move, the Czar's address | to the people of Poland. urging their whole hearted support in behalf of the kRussan arms in this war. and promising | practical autonomy and freedom in re- | ligion and language, is master stroke It sounds a note which will thrill every Polish heart, whether it beats now under trian flag. For Poland. divided into three | subject states, remains one in spirit. Not | all of the oppression of decades nor the suppression of language and customs and faith has affected the quenchng of the
 relnarka ble race feeling of the Poles. :! Now the Czar speaks as one who de-
 sires the reunion of the three parts into
 which Poland has been divided. He vir- | tually promises, if successful in this war;
 to create true Poland once again. This | means, of course, the wrestling from Ger many and Austria of those portions which
 have been ruled by Kaiser and Emperor for many years If there is any confidence in the Cars pledge this proclamation
 must serve greatly to weaken the alleg- lance of the German and Austrian Poles
 to their respective rulers. But already doubtless many of the able-bodied Poles of Germany and Austria have been in- pressed into service. It has indeed beer