The spectator., 1919-05-06
k{cE EoSARY NOW
 T0 SETTLE UP F WE
 MAY SETTLE DOWN
TOO EARLY FOR hteroRiANe TO bEoiN ThE,R eroNi2s or
 rhE GREAT oRU00l4.
NEED MUCH CLEANING UP
SeuNery in WondorfNi Conditioa c Garry On Nsoono<svotlon
 Woetk

League of Nations outlined and tahdna shape, and the armies dsmobilisina and returning to thstr homes, 1t nay lsok like the war is oves and all that remains to be done is tor the historians ts sit down and begin to tell the story e the struggle
 Hut there Is . trsmsndous amount ef clearing up still to be done. he world has just been swept by . tre msndous tornado, the tornado of the Great War. Across Europe 1t has lset . wake of dethroned kings and snashsA governnents. There is chaos ro0 the White Sea to the Adriatic and from the Ural Mountains to the English Chanasl.
 A matter of plain fact. about the only expense of the war that has real ly stopped is the fighting expense, the cost of sending guns and shells to the soldiers and of raising and arming and feedi:.s more armies to keep up ouS armed strength That part of the ex. psnse has stopped, but just about all the rest of it is going on and will con. tinue to go on You can't down war machine such as we built for our. selves and straightwsy stop it's cost overnight.
 There is merchant marine to keep on the seas, if We arc to so on and have world markets There Is the fob of putting all these soldiers back into industry. Both these things will take money and one of tho ways the govern. mont has of getting the money is to sell you Victory Notes.
 When this loan is com plste and tho last solicitor has turned in his list of subscriptions. thts country ought to have money enough to 70 ahead with It's after~war plans of rehabilitation the solder. completing the dsmobiu. sation of the army. looking after the naval and army appropriations and programs and seeing to 1t that we have an American merchant fleet on the seas
 f we all do our duty in the Victory Loan this money will be available and tae nation can 60 on with its great plans for prosperity and plenty, as well as peace, in the years of the ruture.
 Settle Up to osesis Down.
 But before the world oan settle down h it's new ways or even in its old ways of work and quiet. there must be a general reorganization in Europe This country cannot turn its back on halfcomplsted job and leave the European situation h such . condi. tion that there might be another cstas. trephe
 la order to get ahead with the job This country must keep control of i.. self; It must look ahead and t mus, have the money in hand with which to Set on with the rest of the fob. We have hardly been touched by the war Our dead in battle will number very little more than 10000. Our casualties are very small indeed compared with those of France, Italy and England Our man-powsr has hardly been touched. Our financial resources have hardly been tapped.
 We are in the best position to il. nance an aftsr-the- war loan of anv country in the world. Labor has been exceptionally well paid during the last fear years and wages have not begun ts decline In many of the industries The farmer in America has had a Dc. fiod of unsxampled high prices and hi. prices are still very high.
 BOth labor and the farmsy sre ir . position to respond strongly to the last lean They have their ysars of good times ts loc& baet upon and thos. times arc not ended as yet.
 Capital, too, is in . fortunate posi- ton to help in handling the Victory Loan During the first years of the ssrussls sil the allied nations were Asavy buyers at high prices. Our own entrance into the var. while 1t mate rislly reduced pronts in many lines greatly inxeassd the volume of bust ness and gave all manufacturtns plants that got war orders a splendi6 chance to make money. Capital is sx nscted to take m even larger share oi tAs victory Loan than 1t did of the four preceding onss.
 It su(ht to Do easy for us to fur nish the sinews" vherswith to ret on with winning the rest of the war. Tns pack wash" of the struggle has not caught us and it will never catch us 1T We get in and back up the gov. ernAsnt with our money as success fully and whols-hsartedly as the men in khaki fought its battles only . fsv months ago.