The Irish standard., 1918-05-18
PREPAREDNESS FOR PEACE.

In time of for war; the old adage.
This is preemnently the time of war; nevertheless
is fitting time to for the peace
come, whether in the the distant future
are many things to be studied and provided against
the great readusments of social economic and poti
cal affairs that will close of the armageddon
Little attention has been paid the possibilities
readjustmens and necessary changes in the most
tan features of commercial social and industrial
ties These matters that should engage the consdera
ton of our statesmen and pubcsts in greater degree
than BEFORE if would avoid the pitfalls preci
pieces that to lie in national pathway result
of the stsmographical disturbance of world conditions
that having their descriptive sway and impact
against the structures that deemed adequate
under the old standards.
writer in the Philadelphia North American gives a
descriptive forecast conditions that is illuminat-
ing and pertinent:
The most obvious lesson of the conflict, begin WITH
is that when terminates Europe will longer be 5000
miles away, Secretary Baker lightly said.
cal and political relationships supposed will
be as mythical as security from military aggression
has proved to be.
We shall face changed world nothing will be- be-
quite the before For example, the magnitude
the war; involving not only great nations but groups of
nations IN worldgrdng alliances has created stand
ards of to the operations indus
trial. commercial and financial enterprises Capitazatons
which four years seemed colossal will be dwarfte
those of undertakings which have behind them the
power of mighty governments
Already the term billions taking the place in the
language of and finance which the term mil
lions occupied few So studendous has been
the increase in the size and of industrial projects
that it only the great trusts" country
once feared to institutions and stability,
will be powerful enough to make Roadway in the
less struggle for world trade It is Clear least that
will need the establishment Of wise strong and
hensive policy to the smaller units
commercial and industrial enterprise being
whelmed
Our elaborate system Of credits, laborously built up
during century of development and unparalleled expan-
sion, has been overturned in few months banks
but the in the great emergency
of the war-now Yields this and dictates who shall
and shall not be permitted the credit
When restored the transition from
the old system will not be automatic and it be
speedy; indeed not be possible to restore
than a semblance of prewar conditions.
government with vision must be prepared when that
time to vote if necessary, credits
promotion of the enterprise of peace
for carrying the business of For u1less such
projects financed scale approaching that at
tanned in the supporting of activities this nations in
dusrial and commercial projects cannot maintain them
selves against like forces in other countries with the
ing of their governments.
The postbellum readjustments will have relation to
the railroads. public utilities, finances, labor and capital
agricultural production, problems of transportation and
other perplexing subjects is pointed that the
European nations bellgerent well neurals have
already addressed themselves the study
questions future of business commerce. while
America is preoccupied with the matter of
ton of the give them the attention they
It is Therefore high time that at least tentative chart and
compass for industrial and commercial
should be made that may not be handicapped by
our European rivals.