South Bend news-times. (South Bend, Ind.) 1913-1938, 1916-01-03

/ FL
war for a long period thereafter,
| with her people strengthened, So
] bered and energized by adversely.
with her territory undevastated. she
will be more free than ever 10 pur-
. sue her policy OF worldwide develop
ment and peaceful conquest Our
/ chief commercial rival will undoubt-
eddy be Great Britain. but in this
there will be stimulus without dan
ger so long as the spirit OF fairness
I and freedom possesses both nations
| I'm their ntercourse-and provided
+. always that both nations preserve
the willingness to reason out all
I differences of opinion and interest.
as for the last hundred years. The
greatest difficulty on our part will
come in the readiness or unreadi-
ness Of American manufacturers TO
meet the requirements Of foreign
markets. which hitherto they have
often been indisposed TO cultivate
as a permanency, preferring the
profits and ease Of the home mar
ket Evidently their viewpoint is
/ changing. as illustrated by the in
tense interest displayed by many OF
our progressive business organiza-
tons in export trade Slowly but
surely. it is being recognized that
if we wish to sell our products
abroad we must be prepared to buy
freely in return, and that excessive
tariffs check exports as well as i'm
ports: or in other words. we must
avoid shutting ourselves in while en-
deavoring to shut others out. our
new banking system facilitates the
placing of foreign loans. for il is
now realized that trade follows the
loan, also that if we wish TO sell
10 foreign countries we must invest
in their developments and give them
credit more freely than in the past.
The American manufacturer re-
quires the aid Of the American
banker. who in turn must interest
and educate the American investor,
. without whose support any perma-
nent winning of foreign markets will
be impossible. American labor lead
ers must also be induced 10 take
/ larger views of business and econ
omic conditions. assuming that labor
desires 10 find larger fields Of en-
I ployment and does not wish tC drive
capital out Of the export business to
its own detriment.
After the War.
No one can definitely answer the
often put question what Will hap
pen after the war, or define the new
map of Europe, or foretell the
effects Of this struggle upon the
I mOnarchies OF Europe. Neverthe-
less. the outcome Of certain new
/ tendencies can be somewhat appre-
hended and establishments of great
importance are inevitable. When
peace comes democracy will make
great strides, especially in Great
Britain, Germany and Russian and
POSSIBLY in Italy also. Glass differ
\ enceS will be attained between eX-
tremes i'm the social scale: also be-
/ tween capital and labor, partly as a
result of the comradeship bred
through sharing common dangers
on the battlefield or in the trenches.
In spite of new animOsities many
old ones will be forgotten. Mary old
melt away under the new ones press
ing for solution. IL is safe TO believe
that out of this tragic struggle of
fire and sword much good will event
ually come In some respects the
world will he saner and better than
/ before the struggle. Even the bitter
hatred now eating into the vitals OF
/ ratiOns will gradually soften and
\ disappear And above all it is rea-
sOnable to hope tat no other great
\ war Will occur for many years TO
come Some preventive, in the form
/ of enforced peace if necessary, will
| be applied. Great changes are to be
I expected in the formation and pur-
/ poses of the various governments;
and unless all signs fail we are to
see a widening of government activ-
/ tiles the world over, especially in the
industrial field. The war forced
\ Great Britain into socialistic meas
ures on a scale never before con-
/ templated. and it remains TO be seen
whether that rJvernment Will loosen
/ its control of railroad, insurance.
shipping ard the manufacturing en-
terprises undertaken as war meas
ures. Increased government regu-
/ latiOn seems ineEitable. How far
/ that will extend into actual owner
/ ship remains TO be seen. Suffice it
TO say that Europe has to face a
/ long and unsettling period of re-
/ construction and readjustment TO
new theories of social activities
which Will cause much unrest. The
reflex action of the war upon the
/ political situation in the United
\ States Will also be an interesting
I problem. With its consequent slim
/ illus upon American trade and in
dustry we are already familiar. but
whether the unrest and extrava-
sance of this country. derived from
prolonged prosperity, will be check
ed as abroad. only the future can
determine. This country has not
been chastened by serious adversely
o. overwhelming crises for many
years. and We cannot expect 10 en-
tirely escape the reflex action of the
+ upheaval in Europe, which sooner or
later viii reach these shores.
Conditions at Home.
Home conditions are distinctly bet