Arizona republican., 1915-11-14
Prospects of industrial Unrest

Prospects ot industrial Unrest
 Under conditions approximatin:g l even, those such as I have been in i dicating, it becomes apparent that we l are likely to have in this country | great industrial unrest with the ac- companying strikes and lOck-outs; i for competition on the basis that seems probable will force United ] States manufacturers Tn turn to try to reduce their cost of production |, and they will have to do this on a far less margin of profit as a basis l of compromise than they have ever had to deal with in any of their previous labor difficulties
 Europe's Colossal Tax Burden
 This struggle is apt to be further influenced also by the fact that the 1 masses in Europe will be under very heavy burdens of taxation. The | English chancellor stated to parlia- ment recently that the debt of Eng land at the beginning of the new financial year 1916-17, will be s11,- O0O0O0,000. A conservative estimate would indicate that at the end of the war it will be at least $2O.OOO. O00,O00, with interest charges there on of a billion dollars a year. Simi- jar conditions will prevail in the other warning countries. Then the Revolutionary Spirit Wakes
 Such increased taxation in the warning countries may have a mo- mentous political result; for the at tempt to distribute such taxation in q manner satisfactory to the masses of the people is an attempt that ha Is often in the past changed govern ments. In any event, all these things indicate the possibility of the growth of q revolutionary spirit among the masses in Europe. with the danger of a reaction on certain sections of American labor.
 Preparedness
 If a bad settlement and increasing armaments follow the war. it is prob able that th1 United States will not be free to determinc what increase if any, she will make in her arma . ments, but may he forced into an abnormally great increase with cor responding taxes and other burdens
 | have been converted to prepared ness by my study of conditions since the war began. I am, there fore not making a plea against pre- paredness, but only calling attention to the danger of our being forced to slbHplIhdl increases, greater than our Judgment would warrant, greater than the best interests of our country would sanction.
 New Race for Armam CD
 Have l seemed to draw an over pessimistic picture? It has not been my intention to do so. My desire las been to point out conservatively but definitely the conditions that will probably prevail at the end of the war unless there is a right settle ment. It is true that I have now dwelt on certain advantages that ! may come or will come from that war.
 The recovery after the war will be i more rapid than is expected. if the settlement does not result in a new race for armaments, because the | world has in no wise as vet reached ! the limit of its efficiency in the pro 1 duction of wealth, and the pressure or the great debts and the desire for 1 rehabilitation will be pressure for more efficiency in government. for more efficiency in production. for more efficient education for life's work for simpler living and for greater avoidance of waste in the debtor nations.
 Yet Good Too, Will Come
 Therefore. there will come a great lessening of such waste not only by simpler living. with less luxuries fer