The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-16
Events of Past Week May
Shorten War, Says Babson
Statistican Asserts Destruction of the Emden and the
Fall of Tsng-tao Will Liberate the Far
East Shipping.
SEES BOON TO AMERICAN MANUFACTURERS

crowded lands Of Silesia. This news cam
not he hidden even by the censor Il must
spread from mouth to mouth, and will
have but one effect, the Fastening OF the
hour when the German people will demand
tne truth and the excuse from their rulers
The very vital question is now sharply de-
fined before tho Kaiser and his councillors
whether to abandon the attempt to
break through the allied line with all the
strength he can concentrate and risk fur
Their disaster at the hands Of the Russians
or TO mold on In France simply attempting
no decision. and rush assistance TO the
east to secure one there. Upon his de-
cision In this case the length OF the war
may depend.
the war. To employees In our financial
districts who have been out Of work since
the exchanges closed. this proba bly, seems
a long. long time. To many OF us, how
ever. the time has gone quickly II does
not seem possible that over three months
nave passed. Yet after this more than
100 days the lines Of battle and tho navies
are practically In the same location as on
the tenth day OF the war. To many this
II discouragng. Most readers want one
side or the other to have a clean victory
Personally ] do not feel this way. A
study of the fundamental questions In
volved In the present conflict leads me to
believe that both countries may he better
OFF , the end II neither makes any head
way from now on. A complete victory
for either side would leave only bitter
ness and despair. which would some day
result In another war. II no nation. how
ever. Is able 20 make any Roadway the
expense and losses must soon be so great
that they all may be brought To see the
need OF substituting some machinery for
determining world policy which shall
take the place OF war
II either side Is victorious that side
will naturally demand and hold what Il
secures. and the day for which We all
hone will be long delayed II, however.
both sides feel after months Of fighting
that they can accomplish nothing ny
continuing the struggle longer, they may
decide on developing some plan which
will make future trade wars unnecessary
Certainly it would be much to the ad-
vantage of American business men that
neither side should have complete vic
tory. Hence, as I view the events OF tho
last week am optimistic from the stand
point OF the United states and every neu-
trail nation.
on the evening OF November the
annual banquet accompanying the inaugu-
ration OF the new Lord Mayor Of London
| took place AT Guildhall. Notable speeches
were made by the Prime Minister, II II
Asquith Field Marshal Ear Kitchener.
Ger Churchill. First Lord OF the Admiralty.
| Lord Kitchener. whose massive figure clad
| In service khaki lowered over the audi
ence OF "A thousand men and women IN
/ the historic building. while expressing
| satisfaction at the response 10 his call
for men and the progress o. their military
training impressed upon tne nation that
the war would be long one and that
| ne would require more men. and still
more until the enemy is crushed"
! Winston Spencer Churchill. FIRST Lord
/ OF the Admiralty. told Of the work OF the
! navy, and continued:
| ut is difficult TO measure the full in
fuence OF the naval pressure in the early
7 stages OF the war. but IL will spell the
doom of Germany as surely as winter
strikes tho leaves from the trees" As "a
rhe losses suffered, he said The pun
| ishment we receive Is clear and definite
the punishment We inilict is very often not
| seen, and when seen cannot be measured
But time will tell" The FRS, Lord also
pointed on, thar despite the losses the
navy was ~ronger in every way thar. az
the beginning OF the war.
Premier Asquth, who devoted most 81
| his speech TO the war with Turkey. sad
II meant the death knell 10 ottoman
/ dominion not only IN Europe bu, IN Asia"
lie too predicted that the war would
/ be a long one. but said that nothing would
! daunt their hopes or impair their resolve
| and that England would not sheathe the
| sword until Belgium had recovered all
| that she had sacrificed. until France had
been secured from the menace Of oHpres-
sion, and unril the military domination OF
! Prussia had been destroyed
From private letters which receive
from Europe ! believe that neither the
English nor Germans really expect a Ions
war II Is necessary 10 talk about long
war in order TO he on the safe side and
secure enough recruits, hut mv personal
| guess Is that both Lord Kitchener and
| Premier Asquith expect that med ators
will come az the psychological time As IN
tho case of tho Russo-Ja panese war a
few years ago