The Bridgeport evening farmer., 1917-06-04
World Of Finance|

l-=@== HENRY CLEWS l. |:1|l
 WEEKLY LETTER
 He would indeed be a hopeless pes sinist who allowed the bitterness and l strife of this war to blind his percep- tions to the better potentialfties which will assert themselves after the strug- gie. when the tragedy is ended and peace once mors established. this world will be a far better place Tn which to live than ever before; albeit there will still remain many problems recurring solution. Of the ultimate result of the war. there can be no question; the Allies will win IL couio not be otherwise. simply because the whole civilized world is opposed to that sort of rnilitarism which 1T per petuated would inevitably again throw the whole world into chaos and an- archy. Such beliefs are not based alone on the mere abstract faith n the ultimate good: they are based upon solid facts common to every day observation. As every one knows to his sorrow, this war infinitely sur passes all others in scope. venom and cruelty; and yet in some respects IL is the most unselfish contest Tn all history The material ends which
 Britain, France, the United States, Russia. italy and other nations are lcontendine for are trifling factors in comparison with the great democratic ideals which inflexibly unite all the Allies in their determination to sacrl- flee everything for victory Back or all the numerous and complex ques- tions about territory, trade. tradition' race, etc, which individual States may have in view lies the common de- nonninator of political and social lib- erty for which millions of men have volunteered to fight and die. In the i last analysis the greas struggle, as of- ten asserted, Is between democracy i and, autocracy, the outcome of which is already a foregone conclusion. ex- cept to those obsessed and blinded by contrary ideals.
 It is not we'll, however. to conffne ] our vision to the immediate issues at l stake. Some other benefits will fol- I low after the Allied victory. The world is likely to think more sobery I and ss4riely than 1t has done for sew eraI -gefigfa hons, \ Mitch scf the radi- i calisn, extravagance,S was0e1 and po- ! ftical nonsense which have been raise I ly paraded as progress. and when have permeated theg life of every country. will be swept away and fol- lowed by new and saner efforts. Al ready economy and efficiency have received an immense stimulus. The i United States, Great Brisain, France and other countries are each making { strenuuns efforts to secure the best I roeflaods.- Of industry methods alike 1 satisfactory to capital and Rbor. Sci- ence and research are doing their ut- most to discover better ways and new resources with distinct success. Manufacturers are seeking co-ord1na- tion and cooperation with view or ] stopping wasteful effort and secur- ling more economical production ana distribution Ysgc lis rl movsnen. a,as = iworldVide Iand Is ultimately oes.,neu Ito show remarkable advance, parucu- I larly when the war is over. Accom- i pauying this movement are symptoms of a clearer understanding between lcapital and labor. Already both have ! found a common basis in working to- eether for their country; patriotism has done much. to unite them; mis- T understanding have been softenedi the manufacturer better understand's l1abor's point of view, and labor alsc Lhas a better appreciation of the diff ificulties and risks of the employer A better class of men are likely to De < called into public life. as Is resur of all great crises. In our own case
 the need of this Is particular, , strong; the country having suffered
 much from the poliHcifns swnose
 chief aims were to hold their jobs b1
 fostering prejudice and class tnteres ' rather than devoting themselves te public welfare a1d real statesman ship. This war will undoubtedl1 force number of men out Of prl
 vate life into public notice. and not
 few will obey the coming call to serv' the country in time of peace as wei as war. Incidentally, therefore, VI
 may hope for better politics than fo
 the last decade at least. For year i've have been surfedted with al
 classes of isms and vagaries, which
 times seriously threatened the stabil li ity of our entire economic and socia
 fabric. Not a few able thinkers fear i ed that the tide of radicalism was 1T
 resistibly sweeping us on to the brinl
 of violent social and political revolu
 ton. Democracy seemed adrift O.
 the sea of doubt. Now that the wa
 has reached our own shores, it ha sobered men as nothing else coul have done. Thought has been run ming deep and strong. Shadow theoI fies are being brushed aside by tn
 sterner and more pressing perils C
 war. a new set Of problems have ir
 truded themselves upon us, and tn world as we see it has already under
 gone Revolutionary changes As ye these have not worked out their leg
 tiuate ends, and it will require year
 before the new problems approac
 solution, many of the old ones dis
 appearing forever in the meantim'
 These are some of the changes ths
 the war will surely bring. It is
 great yprivileeez to- 4iyec sand9 have
 share in sthea making of 1new era;
 many respects destined to pe tn
 brightest the world has ever seen.
 The stock market is entirely don
 mated by preparations for the WE
 loan, on the theory that the gather 4 ing and distribution of such lars
 o,,y,, q for war slJppIies will Stimula'