Bisbee daily review., 1918-04-10
Summary Of Conditions
 After e Year Of Wdr

A concise and authoritative summary ot this nations achievements in an industrial and financial way during the first year of the war, and her condition and prospects at the beginning of the second year has been prepared by New York experts. It is most cheerful and encouraging in tone, without being boastful and Is presented herewith in full because of the vital effect all industrial activities and setbacks have upon the military situation Tn modern war when conducted upon such a vast scale:
 With the advent of spring there are ln- creasing activities in all directions, especial ly in pushing the war; and preparations for a more vigorous campaign are evident upon all sides It Is now year since we declared war against Germany; and, de- spite the shortcomings and mistakes which invoked flood of criticism, splendid prog ress has been made It must be remem- bered that we entered this struggle upon a much larger scale at the start than any other nation except Germany. The Allies entered more gradually, and upon much smaller scale than ourselves. It may not be advisable to give details but 1t is well known that we have trained and equipped a large army in an incredibly short period, and have already transported large DOT ton to the front three thousand miles away.
 Our navy has been immensely strength ened in both numbers and efficiency Our industries have been successfully mobil- ized upon war basis; and the country energies have been concentrated with grat- flying speed and success upon winning the war. The result of all these preparatory efforts will soon be much more apparent than now. It must be remembered that this war Is huge job, for which we were not prepared, either in organization or plans More or less blundering and waste expenditure were inevitable at the start. Our army had to be gathered over widely scattered area; men and munitions were transported over long distances; while much delay and confusion were caused by the breakdown of transportation and the hardships of a severe winter. With the dis appearance of these difficulties, there should bevelop hearty cooperative spirit from the Atlantic to the Pacific.
 When will Germany waken to the bitter consequences of adding the United States to her long list of enemies? The longer Germany delays submission, and the more damage she inflicts upon others, the more severe will be the terms of settlement and the worse her ultimate breakdown Count Czernin latest peace talk IS merely cam ouflage, intended to conceal the enemys growing anxiety for peace; the best an- swer to which is the presidents call for ad- ditional men and the announcement in Great Britain that the age limit of army service has been raised.
 The Third Liberty Loan campaign is now on It should be pushed with every ener- gy. The loan can and will be easily float e6. Three billions IS much smaller sum than expected The higher rate, 4 "A per cent and the short term, 10 years, will tend to stabilize these and previous Liberty issues. Though not convertible into high CT rate issues, they may after six months ownership be used in payment of inheri- tance taxes at par.
 The income tax payable next June may almost equal 000,O00,O00 but the country will have no trouble about meet ing this test of the war, as well as continu- ing financial aid to our Allies. Indeed the marvel IS the facility with which the Unit ed States takes on all these applications, proving that our financial resources are much larger than ever dreamed of The first year of war has cost the United States nine billions, of which more than half went