The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1917-01-14
North American Review Sees
Danger to This Country
After the War.
IS EUROPE BROKEN
OR JUST MADE NEW !.
Washington Holds One View
Close Observers Cling
10 Another.

There are two views about what will
commerce and finance. One Is the view
that for a long time to come we shall
have nothing to fear from Europe. The
other Is tho view that we shall have
everything to fear from Europe. The
former is the view entertained by or at
least attributed to, President Wilson,
and undoubtedly shared by many men,
bers of his administration. 1t was ex-
pounded in a dispatch from Washing
ton that. appeared In the New York
Times of December 4. The Times
correspondent declared that the pres
ident was free of all apprehensions on
the score of the war after the war"
He holds. it seems, that when peace
comes 1.-THE United States will be in
a better position than any other com
try to compete in the worlds mar
kets.' I'm his (the presidents Joplin
taxes on the people heavily increased,
industries paraly2ed, and unable to be
restored for long time on account
of lack of money and inability to get
structural material, and with the
skilled working population shockingly
reduced by the casualties of the war
will he unable to compete with Amer
lea on the same terms as formerly.
This opinion was reinforced by "a
member of high rank in the adminis-
tration" who stated outright that
when the war ends Europe willsbe
in no condition to cope with the United
States industrially."
An Opposite View.
That is one view. Its exact opposite
however, has been expressed by those
Americans who have seen at first hand
the industrial changes--the word is toe
wild; it should be the Industrial revolu
tion-wrought by the war in the prin-
cipal countries OF, Europe, and fore
most of all in Great Britain.
Which of these two views is correct
Internationally the latter. All the bel.
ligerent nations have been made over
by the war All have learned the no.
biiity of sacrifice and of work. Al
have scrapped under the compulsior
of necessity whatever prejudices the,
had against state assistance to trade
All have realized that to be stHonl
and secure they must as far as pos.
sible be economically self-sufficient
\ and all will put forth unparalleled EFF.
forts to fiji the gaps disclosed by thu
war in their industrial equipment. Al
will be poor and their national If
will be tho harder and the NOR,
wholesome for it. All will be heavil.
taxed and compelled therefore to dou
BILE and rcdoubic their earning power
All have mustered the unexpected
from even suspecting, that war is no
all waste. War in many OF it's aspect
Is economy. 1t is the art of MAXIM
one woman do the work of two mer
of two men do the work of five, of
dollar serve the purposes of three.
is the. welding into a single thunder
bolt of whatever there is of skill an
initiative and learning and experienc
along q thousand variegated lines Q
activity and research. 1t is the shak
ing up on an enormous scale of a
the old ways of doing things. 1t
slouchy standards of peace and tn
substitution therefor of the infinitel
more exacting standards of a grea
crisis that cannot be met except b
methods as near perfection as huma
ingenuity can devise. 1t is the stimuli
as of millions of electric batteries I
the minds and physical energies an
the moral nature of all who com
within it's radius.
Do not let us be under any ILLUSION
We have made since the war and be
cause of the war IA great commerci
tain it? 1t has come about by r
effort on our part. through no .supt
rior virtue of efficiency. simply as Il
result of the play of chance But 4
keep what has thus been thrown in
our laps will call for an effort almo
has imposed upon the belligerent
Englishmen, 1t is very obvious. are n
a bit disturbed by the gains we ha,
registered in international finance.
foreign trade. in the sea -carryii
business. They are confident they W
get 1t all back from lis in the first
years of peace. that London will r
main the financial center and cle;
ing house Of the world, that Ve sh;
have to relinquish the markets
have captured during the war, and tn
our new merchant marine will quick
larse into inferiority or be transferr
to their own mere competent ar Il
tammeled hapds.
= =. On what is their confidence base
lyy .SuSist yitIifics 10 9tifsi ~
if.su p CONTINUED on Page six.)