The Arizona copper camp., 1919-01-04

supplies, there seems to be no good
reason for taking counsel of our fears
as to what is to happen after peace
terms are signed. Much weighty talk
Of problems to be solved appears in
the papers, but, unless all past ex-
perience is at fault, most of the
problems arising are very similar to
those encountered in other periods of
readjustment following widespread
hostilities. If the result had been diff
ferent and Germany had won, there
might have been good reasons for
vast deal of worry. But civilization
has won; the rafting sword, the shin
ing armor and other properties" of
the Berlin Snowman, as Harden called
him, have been relegated to the scrap
pile, and Europe no longer has to lis
ten with bated breath to the rantings
of people who in the past had made
murder and robbery profitable while
masquerading under the comparatively
respectable name Of war We do not
believe the millennium has come, or
that we have seen our last war, but
something like what the poet Tenny-
son termed a Parliament of Nations"
is about to be evolved therefrom, the
world should be safer place to live
and do business in.
We believe that big potential de-
nand for goods exists, at price, and
it 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
needed The United States having suf-
fered the least of all the belligerents
should be in position to supply these
demands, as we have a good share Of
the food and the raw materials which
the world needs, and our prestige has
certainly not suffered at the hands Of
the two n1illiOn men who have repre-
sented US in Europe. We also have
what we hitherto lacked-a big mer-
chant marine capable of serving our
importers and exporters, and our loans
to Allies and neutrals have given US a
financial footing in the markets of the
world of which our bankers probably
will not be slow to take advantage If
| it is necessary to finance our custo-
mers throughout the world to enable
us to sell goods, we can do it, because
We financed Europe when the possi-
bility of returns was not nearly so
good as now. We also have a larger
capacity for output and certainly
greater adaptability for catering 10
| foreign demands, whether of peace or
| war. In fact, we have reached in a
few short years position that it took
Great Britain, the business nation par
| excellence, generations to achieve.
Fears of unemployment of the masses
should be considered with the known
| fact in view that immigration, which
should have given us 5000, 600 persons
in the past four years, has been al
| most at St2ndstill. Furthermore, we
| are not sure that our whole army is
coming home much before year from
now. War taxes are a source of ap-
! looked at in the light of the fact that
taxation in this country has not as
sumed the all-prevading character i'm
/ parted to it in Europe by centuries OF
custom and precedent. Unless most
signs fail, the possibilities Of future
state control, interference or reguEa
ton are not so great as seemed certain
when were were in the full stress OF
war;
Lower prices may come, not all of
them at once, by the way, and may
delay but should not radically interfere
with the processes of proper readjust-
ment. While war initiation may have
been responsible for some of the pres,
ent high prices, the latter in the last
analysis merely spell scarcity, which
it should be our work to remove, and
n removing make business friends who
will stick and customers who will come
again. No headlong break in domestic
prices seems probable with the pur-
chasing power of our people so high;
! supply and demand conditions what
they are; stocks of goods outside Of
| government hands not, burdensome;
| those in government control large per
haps, but promising to be liquidated
conservatively; credit conditions, as
reflected in failures, sound; the farms
Of the country such mines of wealth,
and the outside worlds needs so great.
It really seems certain that the peO-
pie and the country that have done SO
much in the past four years will not
falter now that peace has come and