Arizona republican., 1916-10-27

are plllnB up are so nlBH lHdt tile ih-
 terest on them will equal the whole
 budgets of these nations before the
 war came on, the added interest In
 the money that they are spending that
 they must take by borrowing.
 And these gentlemen tell us that these nations that have spent their
 best blood and energy for this thing are in the meantime doing what? Creating great bodies of goods which |
 they are going to ship to us, and dump on us when the war is over. Have
 they ever seen war?
 Have they any imaginations? Have
 they any conception of what this war
 means? Do you not know that the !
 population that is not in the field IS | bent in all it's concentrated energy
 upon one thing, namely-sustaining
 those who are in the field?
 Are they now creating dyestuffs to | ruin our market? Are they now manu-
 featuring silks to overcome our Amer i ican silk factories? Are they produc-
 ing the things that they have ordinar- 1 fly sent to America in such abundance
 while they are in this death grapple
 that they are thinking of overwhelm- ing America?
 Why, my friends, we ought not to
 turn to these people in fear, but in
 sympathy. We ought to realize that,
 after this exhaustion. they will need
 us and that we need not fear them.
 '"The United States has had an in
 dustrial and manufacturing revival in
 the last two years such as 1t never ex-
 perienced before And when men
 imagine that this is due to the trade
 created by the war, they are merely
 imagining it. because they have not
 read the facts If you take the figures l of ottr domestic and fOraiPp
 included, you will find that the foreign
 commerce. even upon the most modest reckoning of our domestic commerce, does not equal four per cent of the
 total and the exports in munitions, and , not merely in munitions, but in every thing that goes to supply armies
 And, in the meantime, what have we , done? It was estimated at the begin : ming of the war that about four thou
 sand millions of dollars worth of am p intuition securities were held on the I other side of the water. In these two ( years we have bought back again, il is estimated, for it cannot be accurately l determined, two thousand millions. We
 have been actually able to take back r into our own hands, half of what we l have borrowed from Europe. And we Q have accumulated in that time s2,636 | 000,000 of gold, which is one-third ot { the gold supply of the world. If the s war goes on another year. we shall e probably have half the gold supply of
 the world.
 . And in the meantime we have got e a sort of world spirit that we never T had before. One of the difficulties n with America has been that she has T been too provincial. She has thought 7, too exclusively of herself and of heI
 own development. if she is to realize her place in the world. And the fact : that all the rest of the world was in a . different case has made us realize the U meaning of our national life and the . opportunities of our national life more viyidly than we ever realized them be
 fore. And. so We are the creditors oi o the world, as We never were before V Our whole activity has been quickenet
 to the highest point We are awake f We are ready. Ready for what? e Suppose. however, that all o f Europe had been secretly manufactur- e ing goods that we know they have nc r time to manufacture. and was read, f to dump their goods on us We hay, = means of defense. and we have means @ Of aggression. Our means of defens, h are that we have taken pains to havt h all the instrumentalities to find out ex-
 actly what is going on and to be read, ]. to act immediately we find that it i. g necessary to defend ourselves. AnC IT we have an adequate and explicit law e preventing the dumping of foreigr g goods on this market al prices cheape - than they are sold at home We ar, IT not helpless We are not blind. an, l. We have created instrumentalities b. - which we can serve the world
 d The chief instrumentality is the fed z eral reserve banking system.
 II Have you ever heard what starte
 the present war? If you have. l wisl y you would publish it, because nobod
 else has. So far as l can gather, noth l. Ing in particular started it, but every l. thing in general. There had bee ie growing up In Europe a mutual sus picion, and interchange of conjec 's lures about what this government an L that government was going to do. a T. interlacing of alliances and under ss standings. complex web of intrigu and spying. Now. revive that afte 's this war Is over. and sooner or late you will have just such another wa is and this is the last war of the kin V, or of any kind that involves tn in world that the United States can kee T. cut of.
 le q say this because I believe tha
 the business Of neutrality is over: nc ii. pttduHe want IL 10 Ue over, put 'A mean this: that war now has such s scale that the position of neutral Y, sooner or later becomes intolerabl 'i Just as neutrality would be intoler i,u able to me. if lived in a communt ,A where everybody had to assert n n' own rights by force and I had to < 5i' around among my neighbors and say ,ii ,ii Here. this cannot last any longer; l, S Iis get together. and see that nohod "a disturbs the peace any more. Tn; ~ Is what society is. and We have nc sH yet a society of nations.
 We must have society of na
 l tions; not suddenly. not by insistenc T. not by any hostile emphasis upon tt hs demand. but by the demonstrations hs the need of the times. nations of tt II II world must ret together and say: 'NS uc body can hereafter be neutral as r' e. spects the disturbance of the world oi peace for an object which the world l.. opinion carnot sanction
 III The worlds peace ought to be dil n turbed if the fundamental rights .n humanity are invaded, but 1t ougl iol not to he disturbed for any oth thing that I can think of and Amer ,aI ca was established in order to ind .i ,s cate, at any date in one governmer IT the fundamental rights of man. Ame u iea must hereafter be ready as iy' member of the family of nations. ne exert her whole force. moral and nh !. sical. to the assertion of those righ iai thronghont the round globe.
 ne Tint is tho reason ttat we arc J intGraCtn1 f,ttr ft, hO Qrf fc