Gilpin observer., 1915-06-10
ONE RESULT OF
"WATcHFUL WAITING"


Insofar as it affects the peace of
the people of the United States this
country is fortune te indeed in having
slow to anger; Of disposition which
does not seek nor invite trouble, and
who is toleratiye to a degree which
under some circumstances might by
some people be cal ed cowardly, but
world events and the direct bearing
they have on the welfare of this
country, can only be characterized as
admirable.
Standing as we do in the center of
a world conflict with nations at war,
ON practically four sides, the United
States can afford to take much from
many easily provoke attack from any
one of the warning nations, all of
which would like to see this country
embroiled in fight.
While we may differ from tie pres
ident on numerous of his ether poll
cies, it is but fair to ,ive him full
credit for the "watchful waiting" pol
icy he has pursued with respect to
the relations he is maintaining with
other countries who are fighting
among themselves and against each
other.
If the United States can remain
neutral throughout tie world conflict
which is now going on, there is every
reason to predict th9t it will rapidly
become the greatest naticn on the
face of the globe, from every stand
point. 1t will pay, therefore, to un
der go even apparent humiliation un-
der these trying tines in order not
to become involved in actual fighting,
from which we could have absolutely
nothing to gain, but which would GER
tainly cost us billions in money to
conduct the war, and equal billions in
property destroyed; hundreds of thou
sands of lives and a lowering of our
morals to a degree which in the Euro
pean war zone is now being criticised
throughout the civilized world.
That the policy of the president in
this connection is meeting with gen
eral approval is also empha asized in
the weekly letter of Henry Clews, a
noted writer ON economic and finan-
cial questions, which is printed here
with in part:
Escape frcm the injurious effects
- l.
sible. Whether we like to make tie
admission or not, American business
affairs are dominated by this terrible
cataclysm more than by any other
single influence. While the struggle
is on we will benefit in some respects
so long as we maintain our position
of neutrality and isolation. By SO
doing we are enabled to supply many
of the necessities which the belliger
ents must have but cannot them selves
produce, except in insufficient guam
titles.
Our new banking system not only
increases our financial resources and
enables us to meet emergencies at
nolle, Dut " pldC' 5 us Oh Tie HiSH
plane in international finance to
which we are now fully entitled.
When peace does come it will in
volve not only important changes in
boundaries, but also further vital
changes in international trade. New
tariffs will be devised; new lines
OF discrimination will be surely
drawn between present bell'gerents.
Much foreign trade will be lost to
some of the bel.igerents, and per-
haps entirely beyond recovery. No
! country stands to lCse less from these
deep-seated ders ngements than the
United States, and no country is bet
ter prepared to take legitimate ad
vantage of the new 81 uaticn t..an the
United States. Thtre Is no doubt
that we are facing new era of ex-
pansion in our 70, eign commercial re-
lations; an era that promises great
possibilities, provided we maintain a
policy of cultivatirg just and friend
ly intercourse with all natiols"-Pu-
eblo Star-Journal.