Daily capital journal. (Salem, Oregon) 1903-1919, 1919-01-02

to the question Of the future prices
and the disposition of unneeded war
! supplies, there seems to be no good rea-
son for taking counsel of our fears as
to what is to happen after peace terms
are signed. Much weighty talk of prob
lens to be solved appears in the pa
pers, but unless all past experience is
at fault, most of the problems arising
are very similar to those encountered
in other periods Of readjustment fol
lowing widespread hostilities. If the
result had been different and Germany
had won, there might have been good
reasons for vast deal of worry. But
civilization has won, the rafting sword
the shining armor and other "proper-
ties Of the Berlin Snowman, as Har-
den called him, have been relegated to
the scrap pile, and Europe no longer
has to listen with bated breath to the
rantings Of people who in the past had
made murder and robbery profitable
while masquerading under the con. par
atiyely respectable name of war, We
do not believe the millennium has
bVlhtg VI ihdt VIZ u0NG sNSi Uul idst
war; but something like what the poet
Tennyson termed Parliament of Ma
tiOns' is about to meet, and under the
agreements likely to be evolved there
from, the world should be a safer place
to live and do business in.
We believe that big potential de,
mand for goods exists, at price, and
ii is known that there is and will be a
tremendous demand for food products
from Europe, while materials for cloth
ing and for shelter and implements of
agriculture will probably be badly need
ed. The United States having suffered
the least of all the helligerents should
be in a position to supply these de-
mands, as we have good share Of the
food and the raw materials which the
world needs. and onr nrestice has GER
tainly not suffered at the hands Of the
two million men who have represented
Us in Europe. We also have-what we
hitherto laeked--a big merchant ma
rine capable of serving our importers
and exporters, and our loans to allies
and neutrals have given us financial
footing in the markets of the world of
which our bankers probably win not
be slow to take advantage. Ii it is nee
essary to finance our customers thru
out the world 10 enc, lie US to sell goods
We can dot it, because we financed Eu-
rope when the possibility of returns
was not nearly so coed as now. We also
have larger capacity for output and
certainly greater adap.ahility for cater
ing 30 foreign demands, WHITTIER Of
peace or war. In fact, we have reached
in a few short years position that it
tnok G-nat Britain, the business nation
par excellenc9, generations to achieve.
Feors Of unemployment of the masses
sAnu'd be considered with the known
fact in view that immigration. which
should have givnn us 5 100000 persons
in the past four ars. has boen almost
at siandstill. Furthermore, we are
mt sure that our whole army is com
'r~ homo mneh hefrrc a wear from now.
wsr saxe. arr snu-ee of arnrenen-
s'on but .hes tno shcu'd b. looked at
n the li~hs Of thc fact that taxation
n This country has not assumed the
al.nervading character impaired to 1t
~ rurone hv centuries of custom and
n-eeedent UaiAss most si~ns fail. the
~rssihilifi~s Of future state control. in