Daily capital journal. (Salem, Oregon) 1903-1919, 1918-09-06
Enemy Unable To Withstand
Allied Assaults, Break
ing Down Within


-
New York, August. 81, 191S,-Inspir-
ing news comes from the front. oder
Tag" is surely coming to Germany,
but in ways the reverse of what were
expected. The enemy is not only UNI
able to withstand the allied onslaught,
but is seemingly breaking down within.
Internal dissatisfaction and disappoint-
ment are rapidly rising among the Ger.
a people, who are gradually awak-
ening to the fact that they have been
cruelty deceived by their own rulers
and that they have made lasting en-
emies of the entire civilized world.
They are not only awakening in this
respect, but are realizing the terrible
consequences of the worldwide ostra-
cism and economic boycott which they
have brought down upon themselves.
Germany's fall is self inflicted, and
there is dramatic justice in the fact,
that the policies which she aimed to
impose upon others are likely to fall
upon the German people themselves
with crushing force. As despair
grows in Germany, hope strengthens
daily with the allies, and confidence
in victory was never more vivid nor
better founded. Overconfidence may
be dangerous, but peace on allied terms
is practically assured and cannot be
far distant. If Germany s armies col
lapse under FOch's strategy, as now
seems imminent, the end may come
sooner than expected.
July returns showed an encouraging
revival of our SfOreign trade, which
had suffered previously owing to sub
marines and the diversion Of tonnage
to war purposes. The total exports
wore $508, 000, 900 in July against 1885,
100000 in June and $374,400,00 a
year ago. Our imports totalled $341,-
100000, compared with 1926, 900 900 a
year ago. The net results of these
figures was an excess of exports in
July of 1867 900, 600, as against $14S,-
100000 same month in 1917. AS q mat
ter of fact our foreign trade was tho
heaviest of any july on record, a re.
suit doubtless largely due to the big
tonnage recently turned out in Amer
lean and other %shipyards; in other
words, to the failure Of submarine
warfare.
Crop conditions have not been sat
isfactory, the damage to cotton from
drOuth and heat having been very
serious, especially in Texas, and the
next government report is expected to
show condition about go per cent, a
drop Of about II points during August.
AS a result the price of this staple
again touched record prices. If peace
comes, there may be a scarcity; though
on the other hand if war continues
there may still be enough cotton to
meet requirements. The grain crops,
however, made fair, though conflict
ing progress. The wheat harvest is
satisfactory and corn promises well
except in the drouth district. Forum
ately the worlds cereal crops prom.
Use a sufficient aggregate yield, the
! countries outside Of the war zone re-
porting satisfactory conditions. Eng
land reports a large increase of 49,
000, 900 bushels of wheat and 10000, 00C
bushels Of oats. France is raising good
crops of wheat, oats, rye and barley.
Italy's crop is figured at 100000 OC
bushels or fully 30,0O0,000 bushels
greater than last year. Even Russia /
crops are above the average. but their
harvesting is doubtless a problem in
a country 50 badly d%isorganized. II
is quite evident, however, that our
allies will not be so dependent upon
US for cereals as they were in 1917-lS
The spirit of optimism on the Stock
Exchange became much more pronounc'
! cd under favorable war news and some
relief in the monetary situation. Sc