Bisbee daily review., 1918-11-29
PROBLEMS OF PEACE

| Problems affecting labor
 2. Problems affecting capital and credit
 3. Problems affecting public utilities.
 1. Problems resulting from the demobilization O our industrial and military resources.
 g. Problems affecting foreign trade.
 G. Problems affecting the continuance of existing industries and the establishment of industries
 7 Problems relating to agriculture.
 s. Problems affecting the adequate production ana effective distribution of coal gasoline and other fuels
 g. Problems relating to shipping, including ship yards and especially in regard to the sale, contnu ance of ownership, or leasing of both yards and
 10. Housing conditions and the disposition o houses constructed by the government during the war
 IL Warlegislation on the statute books, with reference to its repeal, extension, or amendment.
 12 And in general all matters necessarily arising during the change from the activities of war to the pursuits of peace including those that may be referred to it by the senate or house of representatives.
 Henry, Clews, the New York banker, discusses some of these problems named above in his usual sane conservative and fair way as follows:
 Now the world must turn more or less suddenly from war preparations to pur- suits identified with peace.~This will mean that corporations whose products can be changed to meet the demands of peace will benefit. War has been expressing atten- ton SO completely that sight appears to have been lost of the fact that the require ments of nation of something over l0,- 100000 souls have meanwhile been ac- cumulating. New building construction, for instance, was first partially suspended as a result of the interference of high costs with the possibility of inadequate return on capital, and later by the request of the gov ernment that all but absolutely essential construction should be suspended in order to prevent competition with necessary war work Thus today we are in arrears as to the construction of necessary public build ings, such as schools, etc., as well as in the matter of office buildings, and especially in the instance of apartment houses. Here is an urgent demand which must be filled as soon as channels of an industrial life can be turned from war to peace. Then, too, clothing manufacturers have been com pelled to cut down their civilian trade. In this direction we may expect an immediate reaction.
 A complete ban has recently been placed upon the manufacture of pleasure automo- biles Here, again, is prospect for an ac- tive demand And so on throughout the long list of our industries may we expect bursts of peace activity. The return of our rail roads and telegraph and telephone lines to their owners will constitute separate prob lens which will stand more or less upon their own foundations.
 Labor will, of course. probably present the paramount peace problem. Its ramifi- cations enter into all our national endeav- ors. In their connection with our foreign trade our high wage scale will present an apparently insuperable obstacle. We will have, for instance millions of tons of new merchant marine. To maintain this profit ably we must have corresponding in- crease in our foreign trade. Labors cost constitutes such dominant factor in the cost of our exportable merchandise that when we consider that we must compete with the much lower wage scales of Europe some idea of this important problem will suggest itself.
 On the other hand will be the reconstruc- ton requirements of Belgium and France and Italy, not to mention the Baltic States, which have been so fearfully devastated. But as have already intimated, it is not my intention at this writing to discuss fully the problems of peace have merely sug gested few of the many topics which, when the war hears its formal end, will present themselves for general discussion.