The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1915-07-09
Complex Business
Conditions

OO'tSAILIOItS
ITHlS country never witnessed business con-
/ Quoted under So many complex conditions as
~ rrosort ,,r;,os Io,,rv lows in his weekly SIM
.., - ,I. NJ. o,, I,ri,,,r .o,-
''"' " N
Wv" " "i was TIC S""''' ~ N''''"'"s' W. '''1''
the conflict was at least within our own borders
and the consequence were much more easily mca-
,urcd than in the ease Of the highly complicated
:r,,,,o,,, s.r,,,,,,, ,, ,,,,,,I tI ort;re civil
,, ,.,I 49, ;,,o.,, ,., A..
N'" ''O ~ ,''''''' ",'
forces "t "ork tndl "' 'c'"ole Ju"s"''"' can NC
formed as to their ultimate effects; and the wiseSt
men are those who try to walk day by day rather
than taking lono Strides, into the future Oninons
., ,,h,t ,,;,1 h,,,,,,, arc rs questionable ,,,,,e
.-.'
"''N' '''e 'o,Ne' AZ WIZ" CIV ~ ''''' ~
co. so volcano and ;" utterly ungoVernaDle' Inns
CHASTITY war is moving slowly, very slowly, to-
wards finish that still seems qunc remote. The
fall Of Lemberg may prove a serious reverse to
the Allies; it may not. 1t certainly affords another
illustration of Germanys marvellous military eff
cheney; but even such efficiency may finally have
to give way to time, exhaustion and superior re-
,OurCes.
he decentralization ct our foreign trade brought
on by the war continues undated. Imports have
been coming in somewhat more freely, resulting
fortunately IN much needed improvement in our
customs revenue. Our exports also continue very
heavy, owing chiefly to shipments OF toOdStuHa,
also OF war material which are gong OutWa on
Ia steadily increasing movement. 1t now appears
that war contracts are being accepted on much
vaster scale than ever supposed, Instead of the
earlier statements OF orders beng exaggerated IT
is now realized that the volume OF these contracts
has frequently been under-eStlmated, because OF
the secrecy concerning them Some careful est
mates Inquire that Inumtion contracts valued at
over S9OOOOOOCOYhaFe already been placed IN the
United States Immense orders have also been
placed tor other war supplies winch 1t Is calculated
would bring the total up to about %3OOOOOOO,
the Dulk on when VIII be spent with the steel
trade But this Is only about halt the credits
WINCH acc"rdlhg6to good authorities, have been
under negotiation. Including S'OOGjOOOO for Great
Britain S'OOOOOOO FOR Russia, $+OOOOOOD for
France and SlOOpOO,UU tor Italy. y number of
our largest industrial plants have taken contracts
| OF between S'ONOOOOO and SlOOWONO each
| heSe hgures are simply astonishing and beyond
| III precedent They will be considered as the sat
lsiact"ry side OF the account; II such word as
| satisfactory can be applied t" organized murder
and DESTRUCTION The United States is the only
country III the world that IS Fronting by tins war,
and such pr"iItH Will be confined t" the few and
must inevitably he offset by the ncalCulabc losses
nlilctcd upon the many. Figure as we may, the
world Will be much the poorer for this catastrophe
or years t" come
When peace arrives reconstruction Will follow
! IN vigorous fashion. Europe Will be )" absorbed
in rebuilding, and crippled in productive capa-
:lty as to have little to sell in the form OF mcr-