The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1918-12-13

destinies of men and nations and has
provided for the betterment of the
human rade.
"All of us are grateful that peace
has been restored and our hearts are
possessed by a feeling of intense joy
There are many reasons why the
armies of the allies and the United
States have been victorious. Volumes
will be written on the subject. Credit
for winning the war will be claimed
by or in behalf of various countries,
classes or individuals The American
soldier is surely entitled to praise
and he will receive it without stint.
The soldiers of all other countries
are equally deserving. The statesmen
of the United States and of all other
nations by reason of ability, integrity
of purpose and an unyielding 10y
atty have contributed their share.
There is glory enough for all.
"Great lessons for Cooperation
The final and controlling reason for
success is found in the fact that dur
ing the last months of the conflict
there has been unity of purpose, a
coordination and concentration of
action, and a spirit of cooperation
between nations, between armies and
between individuals. In the United
States at least, we have learned by
experience how much can be accom-
plished when the masses of the
people are working in harmony with
each other and with those in control
of government affairs, to secure a
well defined result.
"We now are confronted with in
Vulnerable problems of magnitude.
Around the peace table there will be
presented questions of difficulty in
volving the social and economic well
fare of the people Of all countries.
1t will require the best talent and
wisdom, patience and poise to secure
for the respective countries all that
they are justly entitled to in privilege
position and protection. Human ma
ture will assert itself. Unreason-
able and selfish demands will be made
and insisted upon. Undue advantages
will be sought.
''To be of value and durable, a
basis of settlement covering all sub
stantial and honest differences which
have existed when the war COM
menced or have arisen since, must
be settled in accordance with the
principles of exact justice. Equal
protection and opportunity for all
must be established. Above every
thing else, there will be created a
league of nations, which, in it's re-
suit, will prevent future wars. Of
high Importance are the economics
which must be faced in the near fu-
ture. They underlie the procuring
of food, clothing and shelter. After
but not before, the people throughout
the world receive these they are will
ling to consider other matters. These
subjects will engage the best and
most experienced minds.
Business REIMBURSEMENT Looms
The war with it's cost in men and dol
lars will bring reactions and read
justment with possible economic de-
moraIzation and depression, and
possibly panics, and we must be on
our guard.
cit is probable that, after the dec
laration of peace, when it becomes
evident that purchases or deliveries
for military purposes are reduced in
volume, there will be more or less
interruption in the conduct of gen.
eral business. Therefore it is i'm
perative that we use prudence, de-
liberation and courage. Much dep
ends upon the attitude and the speech
of men. 1t is easy to precipitate a
feeling of decentralization and no
more difficult to develop sentiment
of confidence and serenity.
"There will be a normal and GER
tain volume of business. This would
not be increased by unreasonable or
unfair means. There will remain
the usual revenues, methods and op-
portunities for securing and trans
acting business with old customers
and acquaintance. Any spasmodic
effort to divert or interfere with the
natural progress or secure more than
proper share, will, as a total net
result, impede rather than accelerate
prosperity. We must all trim our
sails in accordance with the drift and
amount of business. If all business
men recognize the conditions and
conduct their different lines so as to
adjust the questions of supply and
demand on a legitimate basis, all will
be benefited and may look forward
with confidence.
Prosperity Should Continue
Upon a careful survey of the sit.
uation it would be found there are
many reasons for believing prosper.
ity in this country should be con.
tinued. The United States is the
richest of all countries. 1t possesses
one-third or more of the total wealth
Of the world. It has become the
leader of finance, and in this respect
may properly exercise a command
ing influence. It's natural resources
are immense and are susceptible Of
increasing development. If industry
is protected and fostered in accord
with it's merit, the war burdens sure
ly, even though gradually, will be
lifted. We shall be a creditor natior