New Britain herald., 1914-08-15

the commercial world are looking to the United States as never before
 While Europe cannot expect the Unit ed States to finance the war, we are quite likely to give important aid in the matter of extending credit ana relieving foreign bankers of their usual seasonal financing of American products. We may even find it to our advantage to aid finance the war if such funds are used to pay for our wheat, cotton, etc. Our surplus food supplies will be sold to Europe at handsome profit. The world may consume less cotton next year, but Lancashire is hungry for the feecy staple thats must be had in order to keep her mills going and her export markets satisfied with cotton fabrics. Germany will unfortunately suffer A tremendous loss in export trade, which neither Great Britain nor France Will be able to make good. Some of the articles which Germany produces for export, of course, cannot be dupll- cated: but there would seem to be no reason why many of the big orders which she receives for steel products should not come to the United states, especially as Great Britain will not be able to satisfy such demands. Ger many, moreover, has an immense overseas commerce aggregating about $4,5O0, ,000, ,0OO which will be partially lost and may be permanently im- paired. German vessels have car ried on an enormous transatlantic trade with both North and South America and also with the far east. A very considerable portion of this might be won by the United States did we possess an adequate merchant marine. The time is highly propitious for such a movement. Prompt and intelligent legislative action is need ed. If we are to regain our former prestige upon the high seas we must be able to build and operate ships as cheaply as our competitors. Unless we go in on the same basis as our rivals important success would be very doubtful. Congress is now con sidering new legislation upon this inn portant subject, and it is to be hoped that the shackles which have imped- i ed our American development will 1 now be permanently removed. For many years we have been fully occu- pied in building railroads for the de- ], yelopment of our domestic trade. Now we need to build ships to develop our foreign trade; and as the situation 1 is such that we cannot wait until l these vessels are constructed, we must seize the opportunity by buying the 1 best ships on the best terms that may l be obtained. 1 No Longer Polite.
 The European nations are no longer | polite to each other. all being at log Eerheads. and not until "the hurly- burlv's done and the battles lost and won' will there be peace. Who could have dreamed that in this twentieth century. with civilization in it's pres ent advanced stage, that history would l repeat itself in the barbaric fighting now going on between the nations of l Europe. However, the expenditure of s50.OOO,OOO a day for war needs
 as at present, will eventually be ar l important factor in bringing abou'
 peace and the laying down of the llor
 and the lamb together. Should thls
 result in a general disarmament o l all nations it would go far towart
 compensating for the loss in lives ano
 treasure, as general armament was
 certainly leading to the general bank
 ruptcy of almost the entire world.
 The present is a particularly favor
 able opportunity for intending in
 vestors. The United states is tn'
 only great country with great possibil
 ities that is free of the curse ant