New Britain herald., 1914-08-02
FINANCIAL NEWS

ing to the prospective interference with supplies in event of war.
 Was Wise Step.
 Closing of the Exchange. however. was wise step. American buyers have been absorbing European hold ings at very attractive prices, for many of our best stocks are now on the bargain counter. Eventually Eu- rope will repurchase these shares, but at higher prices. 1t is many years since Europe has been so bare of American stocks, and the present crisis leaves the United States in an exceptionally strong and favorable f- nancial condition, so far AS concerns it's relations with European coun- tries.
 Home influences for the time being have been forgotten. The rate de-, cision is still pending and may comt any day. Washington appears to be in less antagonistic mood, and the proba bilities are that the anti trust bill will shortly be out of the way. If passed, it will be left in a much less objectionable form than At first anticipated. Before many weeks are gone congress will have adtournkd and business will have a respite from legislative agitation. We are, how ever, now in the midst of great un- certainty from abroad which may or may not continue for some time. vio- lent fluctuations fin both directions must be expected until the European situation begins to clear. It would seem as If eventually a great war must be averted, but in the interim the fear of a clash with disastrous possibilities will continue.
 Outcome of Russo-Japan War.
 The present European war is really the outcome of the Russo-Japan war. Before that Russias great power and prestige kept in check all of the Eu- ropean nations, they being overawed by her imaginary exaggerated great ness. The result of the Russo-Japan n war undermined Russia's prestige to the point of humiliation, of which Emperor William took advantage to forge ahead, with the result that Ger many finally occupied Russia's for mer position as the most important war power in Europe. All this, to- gether with the self-adulation of Elm peror William. aroused the jealousy of the czar, thus bringing about the present contest. which is really struggle for supremacy between these two men. This shows the danger of one man power. No such power should in this twentieth century be permitted to exist by the people Of any country. I say, down with the one man power rulers-they have had their day and ehould become q by- gone for the safety and happiness of the people of the world. If the European nations continue to fight among themselves. as the Mexicans have done, they will weaken them. selves in men and money AS well as prestige, and will put themselves m a position similar to Rome when by the barbarians, as through the weakness of their arnie6 and money facilities they will be- come feeble. The east (China and Japan) will gain correspondinEly fn military and money strength, which will encourage them to combine to overthrow these once great nations and maybe who knows to the con- trary bring about another dark aes period. History repeats itself. Their only safety is for them to follow the example of the United States and do away with the one man power-(war lords so-called) and make the basis of their governments of the people. for the people and by the people Then they will stand supreme for at least another century a.- f.
 HENRY CLEwS.