Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1914-08-04
BY Henry cIews.

New York, Aug. IA general Eur
opean a is inconceivable. 1t would
precipitate a cataclysm such as the
world has never seen. No living
statesman or ruler would dare to vol
UNFAIRLY risk consequences which
would be crushing to the worlds in
dustries and finances. Yet the dan
ger is intense,s and an overt act
might start q conflagration which
would make over the map of Europe
and inflict incalculable loss Of life
and property. All the Great Powers
are ready for armed conflict. BY
means of military demonstrations
each is prepared to take the first ad-
vantage, If necessary; and yet,
strange to say, there is no immediate
vital cause for war. Austria is sim
ply Furnishing a small state for the
murder of Archduke Francis Ferdi-
nand; while all the other Great Pow
ers are acting upon fear and a deep
distrust of each others ultimate pur-
poses. If war can be strictly local
lied, and If Russia can be persuaded
not to actively Intervene in behalf of
Servia, which probably depends up
on Austria refraining from taking any
Servian territory, then a great con.
flagration will be escaped, and diplo.
macy will doubtless be successful in
settling all the minor issues.
Emperor's Influence.
Undoubtedly the German emperor
will use his great influence to avert
a war which would have a most ruin.
GUS effect upon German industries
and finance. After the recent rapid
expansion Germany's industrial fab.
ric is in no condition to meet such a
tremendous strain. Nor is Russia in
a satisfactory position to undertake a
great war, while her ally, France, ow.
ing to internal financial strain, is un.
able to aid Russia in procuring the
sinews of war. Paris is already on
the verge Of a panic. For the same
reason France is also in an unfavor.
able position for making war upon
Germany. In short, Europe is utter.
~, unable to raise the funds for the
threatened conflict, Ind as the rulers
Of the various nations begin to real.
lie the utter chaos-industrial, finan.
cial and social-which' would follow
war, they are bound to strain every
effort for the maintenance Of peace.
AS for Great Britain, her interests
are decidedly against a war in which
she would very reluctantly, If at all,
take an active part. Her industry
and commerce would undoubtedly suf-
fer severely, although in a much less
degree than that of the other com
batants.
Bad For v. s.
The effect of war upon the United
States will he highly injurious. Food
products would rise, and the taking of
hundreds of thousands of men out Of
employment in Europe would mean a
prolonged demand upon food sup
plies. The scarcity of labor abroad
would also be reflected here, result
ing in higher wages in some indus.
tries and a general further rise in
the cost of living. Probably some In
dustries would benefit by the demand
for war material, and there would he
a better demand for our manufactures
Of steel, textiles, ETC., to meet the va
cancy caused by the loss Of foreign
trade which Germany and other Eur
opean nations would inevitably incur.
1t is folly to suppose that such whole
sale destruction of life and property
could be Of benefit to the world at
large.
lDeranae Money Markets.
The drawback would not end
in an increase in the cost of living.
The worlds money markets would be
violently deranged, and our own
would ultimately feel the strain.