New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-01-04

49, H. -... In 81 i,,t~ To y-he+
further extent W'l IN" oe'"Sefeu' Ma
tons DESTROY their wealth and increase
,beir 6cb.so Wba. will be the terms
OF peace AZ 'HlS "''e none ''
questions can BE answered. Neverthe-
less there are certain factors that
....,. .....,...,. . t,--.. r,,. Indictment
'0' 'N
FIRST immediately a' the 'oS' o.
tho war there may he expected de-
.-. ... -t. ,,ico of ,rar stocks. The
S..... ...i - .orrso
"'. '"''.''
decidedly lessen. and III many l"
stances entirely cease, and either large
expenses must be incurred Tor trans
forming the factories back again 10 in'
conditions OF peace, on Wooao4N 'h
some cases. the factories VIII be aDGn-
doucd. Nevertheless, the large proht@
made during the war are distinct gains
that w,ll bc permanent ln effect.
Morc1v,r. the demand for munitions
will probably not entirely cease. / NE
term, Of peace are not AHeiy 20 be
such as 10 cause disarmament. and the
continuance of "a large demand for mu-
nitions even quite probably from Our
own country IN part Is shall j say
unfortunately 20 be ANTICIPATED.
While some loss in THIS ncld Is 20 De
expected, this forms. after all nut
small pare Of our total ndustH" nc
tivities
Second az In This country, through
out tho world. SD act' theTe must ne
reimbursement of Industries and o. mar
ket'rr that will be expensive 20 capt
tal and disturbing 20 labor FFooao'Y
scores o. thousands OF men VIII Nt
Thrown out OF emPloy'n,eh' III Cei '" on,
~. sor,,ces in new industries for
- tboy ava e6anted can be fclt.
w" N.VS ..,cSo.;'',( tn b,,b
-. and s,ca6v omDlovrrent OF the
war pa~iod viii be followed by uncer-
-. - - 5,c';rcs WIN labor
60 .,~,.o' 500 Tho GOOD judgment 70
- H. l.,o-o,s. 90 no ng+iqrt on
~ =. ID % MAKO same
~. - s55es !, or6or +ba-
sSC'..-ys "" ~ - - +Le nrblic
.'.'.,Cio5o
H.. ~ ,s,s;.,s.r,ert docs NOT
-.,.. a. ,,or,reDcD+ iessonirr Of indus
si~ooI,- +lo French are here 20
-. e., ooss;bilitv of supplying
80, kv-or.ca needs heretofore met
-, Cc,.~-o,,,. For roodlv pcriod
'L.'|.fi:-..,.o,,+ ,,o.iors ar. Them
Ice. 10 Nr
sS.lcS 49,; IS ,,;iI h. s+rorr do
aolDs ,'E,...' - ~ 80. 20 noe
man" 'io-- -.coII,. ,,a.o,.iele
INN e'.a,g "ccuS' ,.ob,,,iS a,5 re-oo,Iin
ana i."'il'-' ~ -s. ~ Industries
". --.i...i.,(ra ror .be arts OF
lnci'o'"E htI - a,S cav ,raL,o
pe"'s ~. - o,,~ sales viii not
,ea>'l'@..' .l..a 60 -,rcb Tbey Will
I's('" ~, c}sroCtor
."..'- C.:.,
serious <"
Third lu the United S'aleS We
must anticipate. after perloo IoI To-
adjustment. new and serious coHlpe-
tt..or i'm hoth the foreign and domestic
--sr.e--.
"a. The war has removed the com
pcr-tiou of Germany and Austria Hun
ra~v iu South America, the Far last
iu all foreign markets. We lave oeeH
making some eHorts-not as YET 700
sucCc sful TO win those mafNe's'
Within the first month after inc Out
break of the war the hngHsh manu-
fGc5urers began 20 organize lor lhe
specific purpose Of capturing the ger
man markets IN foreign couh j les
Hand capped, however, az they nave
been by enormous expenses al hom'
and by insistent war demands theS
nave not Dttu hDit a. 80
pish go much as they desired; N1Ve'
thelcss they are awake ana arc AZ
work in south America ana 1he MN lr,I. .
as well as ln inc rc7t OF hutOPe' ny
arc not overlooking lhe cH""'v' anu
they are maturing plans. Ill.
As soon as the war STOPS We no.
meet q new ana vigorous conn
from Great Britain ~ all these lole.gi.
markets I'm spite Of her handical o.
leesencd capital and weakened LABOR
force We must anticipate price cut
ting, long credits, q desperate enorI I'
secure control; but we shall nave Ihe
advantage, # IN the meantime we nave
prepared ourselves. BRITISH capita!
will he scarce, American capital VIII De
plentiful We should lose no ume ll,
getting our business wei started an.
in being well equipped i0T or. "hant . :
and managing that trade We must oe
prepared IN sales ORGANIZATIONS IL CIV
Ing credit facilities 70 buyers, IN leGGI-
ness 90 take securities TOT pay. we
can get some gold exchange or gold
itself. but we shall need 90 be as I'D
eral as our rivals, and as yet their e%-
pcrcnce u.s. greater than ours.
ObI The most successful national plan
~ business organization that me Woii u
has ever seen was that OF Germahy %J
the time Of the outbreak OF the war. by
concerted action, with government ap-
proval and az times government super
vision, German business men mad Deen
extending their markets Throughout
the world When the war began thaJ
.r.H. g q a al