The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1916-10-14

shown prompt recovery and often
entered upon an exceptional era OF
development VIII not hi8tory re
peat itself?
Every energy OF the contending
nations has been strained 10 the Ut
most slaCkers have become work
ers and every resource has beer
utilized
Notwithstanding the waste and
destruction, already estimated at
nearly one hundred billions OF dol.
lars, the soil. the mines, and the
great forces OF production still sur
vive: Notwithstanding the death
or manning OF millions OF workers,
those who have faced death VIII
meet he responsibilities OF the fu-
ture with new vigor
Past sacrifices will furnish an in
| spiration, social and economic
| forces will be revital'Zed and It Will
| be easier TO overcome the inertia
! Of the past by needed reforms
Very probably the respective
countries which have taken over
! Enterprises formerly under private
control will, in peace. continue many
activities. and wages and profits
viii be subordinated 10 national
| aims A prominent feature Will be
! the larger employment OF women.
| We shall see a devastated Europe
overborne by mourning bur alert
| progressive and more formidable
| than ever.
No country has ever enjoyed so
| advantageous a position as ours in
I the last two years Demands for
| cur products have been without
limit. profits enormous and wages
unprcCedente1lv high.
Fortunes have been made over
night and speculation las been rife.
But these temporary conditions
have not stimulated the virtues OF
economy and selr-sacrifCe, nor pre-
pared us for the future
Soon after peace, production Will
have a diminished market, employ
ment will decrease and wages will
be difficult TO maintain. The unnat
ural prosperity which has arisen
| from the misfortunes OF other ma
| tons cannot continue. The marvel
| Gus balance Of trade in our favor.
| amounting 10 S216O,000.o00 in the
/ last year. must diminish, there
may even be a balance against US.
Prices which have phenomenally
! risen in response 90 war demands
must drop Naturally he general
range OF prices. which Increased
rapidly In years prior 70 the war,
Will show q descending turn.
The volume or immigration Will
depend largely upon the disposition
OF foreign countries 20 prohibit the
departure OF their citizens
We need not DO unnecessarily
pessimistic orr wealth has vastly
increased; there will be unlimited
requirements for the reconstruction
Of buildings. factories, bridges, etc.
destroyed by war
To furnish these. If viii be- neces.
sary 10 lend capital 10 Europe and
establish adequate organization to-
prompt and efficient action
New outlets for trade must ne
sought among neutral nations
These must be promoted by care
ful study Of their needs. by loans.
and by improved means OF commun-
ication.
Tn our domestic policies, every ef-
fort should he made 10 suppress
monopoly and to punish fraud but
honest business should have free
scope whether conducted on a
| large or small scale
Most OF all. our future in com.
mcrco and industry will require har.
mopy and cooperation. the quick.
cning influence OF genuine ma.
tonal spirit ability 10 adapt our
course 10 revolutionary changes ere.
atcd by the present frightfrl war
To attain these objects. individual
sacrifice coupled with Now en-.
crgy and the Improvement ut polit
| teal and collective conditions in crty.
state and nation, will be absolutely
necessary.
Charles V Hughes begins an inva-
sion Of Nebraska today. speaking 10
night I'm Lincoln and remaining In