The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1916-08-05
THE EUROPEAN WAR
Warning Nations at Last Stand
As Third Year Of War Begins

A United Press correspondent
writing under date of August l says:
The warning nations of Europea are
at their last stand. as they enter to-
day upon the third year of the con-
fict.
Two years of prodigal expenditure
of enormous losses and of indecisive
victories and defeats have led up to
the final phase of the great struggle
which discloses neither side able as
yet to dictate terms to the ether.
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 principal
work of their statesmen during the
third year of the war.
The two years Of conflict have dem
onstrated that in a war as complex
as is the European struggle. other
forces besides those controlled by the
militarists play an increasingly i'm
portant part in the final outcome.
The present war map, showing the
German lines extending far into
enemy countries, and showing also
the loss of Germany's colonial en-
pire, is but one clement that must
enter into any discussion of peace.
Lines on either side may hold. but
once the enemy establishes a definite
superiority in man-killing power,
this fact will have a new bearing on
peace negotiations.
Three other influences are at work
in the final phase of the war: Finan-
cial, economic and food. Financially,
Europe at large is approaching a
limit of impossible taxation after the
war. to pay the interest on the q oney
now being so readily borrowed un-
der the influence of patriotic fervor.
Belligerent statesmen are entering
upon the third year of war with seri-
Gus financial misgivings that will
probably stimulate interest in peace
as new borrowings of billions be-
come necessary. 1t is pr~actically GER
tain that in some of the warning ma
tions, thinly disguised socia listic
seizures of property will have 10 be
made to pay the war bills, even if
the war does not last a day longer.
If peace continues to be evasivc far
into the third year of the war, there
will be few countries that in the end
will be able to avoid widespread con-
fiscation.
Economically. the two years of
warfare have not been disastrous for
any of the principal belligerents.
Workingmen's wages. in general.
have risen higher than the increased
cost of living. The dispatch of so
many millions of men to the front
and the use of so many millions more
in munitions factories, have caused
a scarcity of ordinary labor through
out Europe.
The Central Empires. however,
will feel a serious economic strain
when the war is over, because their
supply of raw materials is rapidly be-
coming exhausted. The Allies have
been able to import raw materials
continuously during the war, while
Germany and Austro-Hungary have
had to live on their reserves. How
to purchase raw materials from
abroad in sufficient quantities to pro-
vide for the millions of Tueton SOL
diers returning to workshops and
factories after peace is declared, will
present a serious problem for Berlin
and Vienna to solve.
For two years. the supply of food
in the Teutonic countries has been
constantly dropping. The enforce.
ment of a low dietary scale upon the
Germans has undoubtedly had some
depressing moral effects, but there
is as yet no evidence that actual star,
walton for the mass of the people il
imminent. If the Russian armies
however, can reach the grain field!
/ and cattle naStnraOaS of Hunuarx