The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1916-01-03
kpeCt War To Last
A Long Time

kw York, Jan. with the I'M
bdented destruction of wealth
has been going on during the
L European strusgle Wall street
he beginning of the new year,
skiing: How long will the war
What will happen in the
led States industrially and tinan-
" when peace is declared?
far France has spent $5,200,-
BOO; Germany, Austria and
$9,400,OOO,O00 England be-
its war expenditures at the
rate of s1O.OOO,OO0; now that
try alone is not only spending
100000 every twenty-four
S. or at the rate of s9,120,00O,-
per annum but is preparing to
ase its expenditures. When the
started it was generally be-
d that three months would ex-
L the financial resources of the
tries Involved. But the con-
has been going on now SIP
When will it end and what
will peace have on this coun-
Sc questions were put last week
rec well-known Wall street men
International regulations. One
ex-railroad president, now
ling part of his time looking
his investments, part in
eman farming, and part in
ng In touch with world events.
5 the president of a very rich
cry powerful Wall Street Trust
any. The other is an active
er in one of the two largest
tie firms in the financial dis
Their opinions on the points
being discussed are highly in
ing.
a. Two Years More
nless there is political revolu-
look for the war to last an
= two years, the ex-railroad
lent said, seated at his square
Eesk, which faces a blazing
Fire in a room on the top floor
Wall street building, formerly
ONE of one of the country's
It banks. Having lived abroad
ears IS young man acquiring
arly financial education and
( Come from family which
cen prominent in the affairs of
country since its earliest days,
q keen student of history One
ancestors took prominent
10 settling New York; another
n Officer on General Washing
stan; his father was much in
iblfc eye during the Civil War.
.lieves firmly that the allies
Yin; but only after long strug-
long same li&fs experienced
North in defeating the South.
hat will happen after peace
cen declared?" he repeated in
r to question. In the long
lat Will depend on whether or
iis #country learns efficiency.
my point of view this talk of
'edness is all rot. After this
over we all will have had en-
fighting to last for several
ltions. Preparedness will be
oolen underclothes in summer,
be out of fashion. On the
hand, to win, the allies must
to economic. Such habits,
er With the efficiency they al
e here, will make competition
alter peace has been declared,
as We have never before eX-
--ced, If We are to keep the adj
ye already gained, that is, for
pull, we must become in
ally and financially efficient"
Infinite War
our ex-railroad president,
ust company president realizes
that this country has for the
months ending December 81,
nprecedented trade balance of
1000; that orr iron. copper
teel output is now running at
Ugh records; that our railroad
gs are reaching new high
mark; that our foreign loans
Icy touch $1,O0o,OOO.0O0. with
/ ee loans pending; that our gold
s4gs are $1,6O0.O0O, compared
only 1871, 100000 a year aeo;
the surplus of the New York
- which is typical throughout
,untry. is now 1863 millions,
A-!red with only 12O millions a
Ego. despite the fact that their
during the past twelve months
: increased over 100000.
took tor the war to continue in
|re,ely, he said. turning his desk
an as be frequently does when
ing, toward the big window
oking Wall street with his
N his hands and his elbows rest
- -