The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1916-12-14
PEACE PANIC TALK
IS UNWARRANTED
EDITOR OF CohMEHcE AND FL
NANCE SAYS PROPERTY
Is PERMANENT,
Declares Money Provided by War Would
Permit of Aefnancing Of Railroads
and other Industries.

private wire to Fidelity Investment
Associaticn.)
NEW YORK. Dec. l3.-In the dark
days which succeeded the commence,
ment Of the war In the autumn OF 81
Theodore Fl. Price. editor OF Commerce
and Finance, was on" Of the first TO de-
clare that q worldwide boom would re-
suit from the expenditure which the
conflict would entail:
For this reason his views in regard
to the situation that has been created
by the German pearc overtures are eS-
pecially interesting. He was asked TO-
day whether no felt that there was any
Just !fcntipn for the "attck Of chiils and
fever" which the financial markets had
experienced upon the announcement
that Berlin was willing to negotiate for
peace.
In reply hc said; While l shall vel
como n peace that VIII hr perma aIHin
when It comes. ! hardly think the allies
will he disposed to accept present Ger
man proposals, and am. therefore,, IN
clined to look for n continuance ~ the
war for another year al Least ~ nap,
PLY I an wrong and II shall be found
possible TO conclude II lasting peace N
the near future. cannot see that
America has anything to fear from
contamination so devoutly to be wished.
In every case the post bcI Iunrdr ms =
cont inuance Of the bushes activity
when the wars ceased. After the battle
Of Waterloo. England entered, upon the
greatest era OF Industrial and CONNER
cial expansion she had ever known
The British empire Of commerce was
in fact. made possible by the Nnpole-
onic wars. All, 7ee.
tho United States and the entire Amer
lean continent. north and south. nan q
boom which did not exhaust Itself until
1873. After the E'rancn-PrusSian war
France. despite her defeat md the IN
demnity Of five billion francs tina: she
agreed to pay Germany. hecnme more
prosperous than ever before in her his
tory, - .,,. o,,,nr n,r,
dox Is that the activities OF recon
struction are more stimulating than
those of destruction, because theT are
inspired by hope rnthcr than yindic-
tIveness or revenge. People will al
ways work more eagerly TO live than
they will to die.
I'm 40 far as America is concerned.
, regret or fear If peace should come to-
morrow on terms that would guarantee
the future integrity Of international
law.
"A few mushroom munitlon plants
would be dismantled and there would
be some relocation CT labor. but the
more important and permanent bust
ness OF the country would probably
boom.
THE money with wnlch the war nus
provided use will permit Of the reh-
nancinE OF orr railways aud other in
dustrlal and distributive enterprises
upon q scale that will be adequate to
our present development. and the
amount of money the houses put in cir
cmlation will far exceed any profit that
We may reap from r. continuance or
war.
THE result will inevitably be great
and sound prosperity for every busi-
ness that minister's tc the needs Of a
peaceful and intelligent people whose
ideals are those OF economic efficiency
Of continent.
"All talk OF 4 peace nanic' seems 70
be unwarranted and unlntelligent.. II
peace comes It will bring, n sounder
prosperity than that which has been
created by war"
CFrom Harris. Winthrop & Coz