The Bridgeport times and evening farmer., 1918-08-28
HENRY CLEWS
 WEEKLY LETTER

The German retreat. for that IS what this forced withdrawal amounts to, is becoming more and more an exposure of weakness. Evidently the enemy is much demoralized, and just how far Foch may succeed in this particular push does not yet appear. The initiative has been forcibly wrest- ed from the enemy, and is now se- curely held by the Allies, who will probably keep their antagonist guess ing through the frequency and un- certainty of their~ blows. Germany is now practically beaten, though una ble to admit the fact; and peace by victory is assured, the most potent factor in this connection being the millions of fresh, eager and well trained American troops, who will surely bring Germany to her knees during the coming spring. if not be- | fore. There is no use in deceiving i ourselves. Terms that will bring per manent peace cannot be obtained by negotiation. Germany can only be subdued by the argument of force, 1 the argument which she best under stands and for which she has been the chief champion.
 The development of the last week strongly support Lloyd Georges con- | tention that the enemy has done his | worst. The tide of battle has turn ed" Certainly the end of the tunnel is getting nearer and although some dark days may be experienced now and then. the success of the Allied arms Is no longer a matter of even the slightest doubt. Germany has done her worst; it's now only a ques- ton of time, and in my opinion a short time at that, when world de- mocracy will be established finally and for all time.
 Financial activities are at their minimum; due to midsummer quiet
 also to uncertainties connected with government action. In view of the multiplying restrictions imposed upon industry by war measures no great re- sumption of business can be immedi- ately anticipated. The whole nation is wrapped up in a single purpose
 that of driving the war to an early and victorious end. Another Liberty Loan campaign will soon be launched
 This means further sacrifice, further
 economy and further concentration
 upon war ends. What with high price:
 on the one hand, and high taxes or the other, consumption of many ar.
 ticles is being severely restricted. Con
 sumers and producers alike are feel
 ing rising costs; new enterprises are practically suspended, and all opera tions extending into the future ar, being conducted with special pru dence. Such caution is necessary i not only for the object of patriotic
 ally helping the government but alsC
 to better meet the general war strain
 The country is already very activel!
 preparing for the next Liberty Loan ! which will be offered in a few weeks
 Bankers and financial institutions are
 busy with plans for the new cam paign, which will surpass all other , In energy and sweep. All financial in f stitutions are husbanding their re sources; credit is being more or les | restricted; merchants are being ad ; vised to purchase moderately, manu ! lecturers are requird teo economiz | as much as possible outside of wa orders, and everything points to uni , versal conservation just to win tn I war. This is as 1t should be; fo
 self-denial Sneans self-preservation but it will not and cannot be con
 tinued indefinitely, and before yer,
 long the country will be as energet