Yerington times. [volume] (Yerington, Nev.) 1907-1932, 1916-08-12
WARNING NATIONS LAST
STAND THIRD YEAR BEGINo

By J. w. T. Mason for the Unite'
Press.
The warning nations Of Europe are
at their last stand, as they enter upon
the third year of the conflict.
Two years of prodigal expenditure
Of enormous losses and OF indec!sive
victories and defeats have led up e
the final phase of the great struggle
which discloses neither SIDE aDle "a
vet TO dictate terms to the other
The Allies and the Central Empires
have not even decided among them
selves as to the details of their own
terms. This must be the principa
work of their statesmen during the
third year of the war.
The two wears of conflict have dem
onstrated that in war as coNpieX a
is the European struggle, other force!
besides those controlled by the mill
tarists play on increasingly. Inc
present war map, showing the Ger
man lines extending far into enemy
countries, and showing also the loss
Of Germany's colonial empire, is Blu
one element that must enter into any
discussion of peace. Lines on either
side may hold, but once the enemy
establishes definite superiority II
mani killing power, this fact VIII hav'
a new bearing on peace negotiations
There are other influences at work
in the final phrase OF the war; Finai''
cjal. economic and food. Financially
Europe at large is approaching
limit of impossible tJ..atlon after the
war. to pay the interest IN the 11pre!
now being so readily borrowed under
in influence of patriotic tervor
Belligerent statesmen az entering
upon the third year Of war with Sc
rious financial misgiVingS That vii
probably stimulate interest III peace
as new borrowings OF billions become
necessary 1t IS practically certain
chat in some of the warning nations
thinly disguised socialistic seizures OF
property will have to be made tC
pay the war bills, even If the wa
does not last day longer. If peace
continues to be evasive tar iEto TN
third year of the war, there Will tt
few countries that in the end viii be
able to avoid widespread coniscation
Economically, the two years OF war
fare have not been disastrous for any
of the principal belligerents Work
ingmen's wages in general have riser
higher than the increased cost OF Inv
ing. The dispatch OF SO many mil
lions OF men TO the front and tn
use of so many millions more in mum
tons factories, have caused scarci
ty of ordinary labor Throughout
Europe.
The Central empires, however, vii
feel a serious economic strain whei
the war is over, because their suppl
of raw materials is rapidly becomln
exhausted. The Allies have been abb
to import raw materials continuousl.
during the war, while Germany anC
Austro- Hungary have had to live OF
their reserves. How to purchase raw
materials from abroad in sufiicien
quantities to provide for the million
OF Teuton soldiers returning 10 work
shops and factories after peace is dc
clared, will present serious prob
for Berlin and Vienna To solve.
For two years the supply OF food
in the Teutonic countries has beer
constantly dropping. The enforce
ment OF low dietary scale upon tho
Germans has undoubtedly had som,
depressing moral effects, but there il
as yet no evidence that actual starva
ton for the mass of the people is i'm
minent. If the Russian armies, how
ever, can reach the grain fields anc
and cattle pasturages of Hungary ant
Galicia before the August harvesting
is over, the Teutons may yet b,
starved into surrender But as the
third year of the war begins, it seem
as if the Russian offensive started too
late to accomplish this objective.