South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-04-21

million dollar Since war their debt increased
million dollars.
The following figures show the estimated wealth and
income before the war;
Great Britain .SlO5OOOOO.o0o $4,000 100000
France ....-.-.---... 6eoo.ooo'ooe ,o.ooooeO'oOoO
Russia ............... 650O.O0O.000 50.00O00O,O00
Italy ............... 40OO.O 100000 25.0O000O.OOO
Germany .-.......... lo50oooo'9oo S..ooeooo'o0o
Austria Hungary ..... 550o.00O.o0o 40oooO0o,ooo
The wealth in round numbers was $4,000 million
dollars while the income was $4,000 million dollars.
DEBT THIRD or WEALTH.
figures that the debt OF these countries -
than a third OF the estimated wealth; and this
include the debts Of municipalities and other
subdivisions of the state.
If the worlds political economists have plan
financing this unthinkabe burden of public debt, they
have failed to disclose it, Labor has already shown
the way.
Internatonalism, so long a terror to the national
patriot has become a reality.
At the outbreak OF the England financed France
Italy. Today the United states is financing all OF
the allies Russia millions OF dollars which
Lenine and Trotzky repudiated.
We deeply interested in the figures which have
just the countries which directly issued
the certificates of Indebtedness.
II labor refuses the debts then they must
be paid by the private owners OF capital
When the human wreckage has returned from the
front and the cost in human lives and human bodies
and human suferings has been computed and the
total has been placed by the side OF the money
cost then who shall decide who pay the interest
principal the debt.
These questions must be solved before years
and their solutions will have much 10 do with the in
ternal peace of the nations.
ROMANOFFS OF THE UNITED STATES.
We Of the United States also have autOcratic Ro
manofs. There is not city town that has not its
Siberia and Knout True our liberties are safeguarded
by the constitution; but thai does the Ro
manofs exercising their power The blacklist for
the agtang laborng man the boycott for the business
who dares his opinions and the effective
recall for the public official who fails TO respond to the
pleas privilege
For many years we have heard the mutterngs OF
discomfort from the When the strike breaks
out there is displayed element OF hate that bodies
evil for the future.
The bring about a years which
would otherwise have taken generations. When the
transportation question a crisis and private
ownership confessed inability the
demands the government took the railroads and pro-
ceeded to operate them. 1t epoch in his
tory. II the continues for a long period Of time
the will take other important indus
and limit their profits
How will the new democracy be inaugurated? II
privilege will continue exercise its advantages
has in the past it will probably follow industrial
revolution. It is needless dwell the horror or
such Let hope that il will be the result OF
/ evolution.
No one could predict how slavery would end in
| Greece and Rome. The feudal OF England and
continental Europe gradually disappeared and in its
place the political and industrial state OF today.
1t is customary to blame factory system for in
dusrial slavery II is true that the factory system
contributes its share this condition but the factory
doubled its and reduced its hours by one-h alt.
labor would be helped
Every phase Of economic system contributes its
proportion. They all toll from the
produces. The owners Of the forest mines and oil
fields monopoze OF the nations greatest natural
resources. The unearned increment in land values is
enormous public burden which increases weigh
each year. Privately transportation systems
responsible for many Of Americas multi mionaires.
Banking and insurance oil operated for the beneh-
of the select few. The and the city
owner is another phase Of the subject.
II is difficult for the Of this audience obtain
/ viewpoint o " privileged
class We are accustomed to think IN terms OF profit
The is teaching 10 think in terms OF service.
The social concept will be Of service and OF
profit.
PAY ACCORDING TO SERVICE
/ Eacn must be paid in proportion 20 the service
rendered and more. Prest Wilson q letter
expresses this thought when ne says: The days OF
political and economic reconstruction which ahead
/ of definitely assess. but know
this, that every program must be shot through and
through with disinte that party
try itself, but every party try serve
meaning that every program, every measure i'm
program be tested by this question. Is 10 Just
is it the benefit OF the without in
huence privilege: does IL embody in real fact the
highest conception Of social justice and right dealing
without respect OF person class particular in
/ terest?"
1t was Lincoln who said: That no nation can exist
that half slave and half free" That today
as it was 90 years ego.
/ The new democracy must continue 20 give each man
equal political rights. but also give eacn
man equal economic rights. The is teaching
their value and such they will insist their
rights
II We love our country and believe destiny We
uphold ancient principle OF political equality.
We strive 10 develop the new and equally i'm
portant principle OF economic equality
with these pillars. tho magnificent structure OF
democracy which now exists the hemisphere
will shine Respondent sun OF civilization
Without these nation and civilization will be
swept from the earth
Good dog Fine toward the gate. Happy Jack. in