Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-07-30
LABOR TROUBLES FORM
DARKEST SPOT ON MAP
So Says American National Bank,
in Reviewing Trade Con-
LitiOnS.
EUROPE NOT IMPOVERISHED
End of First Year of War Sees More
Gold in Banks OF Warning Nations
Than There Was When. Fighting
Began One Year Ago.

In general letter on trade con-
dltions Issued yesterday. the Amcr!-
can National Bank says:
We have reached the end Of the first
year Of the great European War. The
impoveriSh Of Europe. while in
evitable If the war last long enough,
will not be az rapid as is popularity be-
lieved. The agricultural area planted
in Europe, the number Of factories
operating and their output. the condi-
ton of business in the bclligerent
countries outside of the war zone-all
of these go to prove the great re-
sourccfulness of the countries now at
war. Until very recently, the fac
tories of Germany were buster than
the factories In our own country, and
those who believe that the fields of
Germany. Russia, Italy, France, Eng
land and even Belgium are not being
cultivated to the limit are misIed.
GERMANY HAS AMPLE
RESOURCES FOR LONG WAR
The principal banks Of the warning
nations hold more gold to-day than
they held when the war began. The
statement credited to tho German
bankers. who informed the Emperor
that the country would be bankrupted
by another winters campaign, prob
ably meant that the government would
be bankrupt as the country Itself has
wealth and rcsourcefulness which
would carry IL through several wears
OF war Germany is more likeiv TO
find itself short Of men than short of
munitions or money. The entrance Of
Italy into the war and the fact which
has finally leaked out that Kitchener,
while pretending to organize an army
OF 100000 men has really organized
an army OF 100000 men, are two fac
tors which Will naturally tend to
shorten the war. When Germany finds
herself short of men. when Russia
finds herself short of munitions, when
France finds herself short OF monet
then the war will end. because Eng
land would naturally be glad to end
1t at any time, having nothing to gain
through its continuance.
LABOR TROUBLES ARE
DARKEST SPOT on MAP
The business situation in this coun
try ts no better al this time than IL
would be had there been no European
war. To be sure. we are doing a lot of
business in war supplies and foodsturs
but because OF the war. other lines
nave been held back. We need Lave
no concern as to what will happen to
our business should the war suddenl,
END, because, while the end OF the war
would mean the end OF our eXDorts of
arms and explosives, these items form
only small part of the totals of our
end OF the war would mean the begin
ming OF much business in this country
which VIII probably not be taken up
until the European trouble is settled
The darkest spot on our map of bust
ness is trouble with iabor-disaeree-
ments, strikes and lockouts. Some OF
these troubles are doubtless due TO tho
activity OF foreign spies in this coun-
try and the remainder of them due 10
the cupidity of the employer or en-
pioyce, seeking to take advantage OF
the present situation 10 drive bar
gain. The result of these labor ron
ditions Is a loss 10 every one, and the
sudden termination OF the war would
leave those involved in strikes and
lockouts In bad shape indeed