The Washington times., 1921-01-02

oouA"Ho VI LILO A'u'iouoA EVnoAOo tnon 70
be real.
Many of those studying and Worrying
about this New Year are like children looking
for ghosts sbehind them on the stairway.
Their own fear is all that there is to be
The serious part of it is that fear of
ITSELF, with nothing real, is q dangerous
destroying power. Men have died Of fear,
and businesses have been killed by it. Fear
unchecked by the power Of the will goes
through all the phases timidity, fear, terror,
and finally PANIC.
If you stop the TIMIDITY, you stop all
the rest. It is like everything else. The first
few burning leaves start the great forest fire.
Put out that little fire, and you save the forest
There is no reason for anything but cour-
age in this country. The world has gone
through great surgical operation, which was
CUTTING OUT AUTOCRACY as a power
and menace in world affairs.
The autocrat has been cut out. Germany
is changed to an earnest republic. Some time
will be required to make up the two hundred
and fifty billions spent the tens of other bill
lions lost by cessation of labor, the thirty
million lives burned up.
Sympathize with Europe, but remember
with gratitude how fortunate and powerful
YOUR OWN country is The income of this
nation, FIFTY BILLIONS "A YEAR, would
pay the whole cost of the war in FIVE years.
Our dead fortunately were few, although far
too many. Our share of the money lost,
about half of one years income is nothing for
such a nation as this.
What have WE to fear, individually or COL
lHctively as nation?
We have everything that we had, plus ex-
.1erience and wisdom, that should keep us out
Of EVERY trouble in future.
We remain free from entangling alliances
thanks to the last election and the peoples
common sense. Our debts we owe to each
other, not to outsiders; the wealth all stays
here.
We owe nothing abroad. and the countries
Of Europe owe US FOURTEEN THOUSAND
MILLION DOLLARS. Isn't that pretty
good balance sheet?
II they pay us, well and good. If not, we
can do without the money, charging it to
profit and loss, sentiment and EXPERIENCE.
We are now well armed, and well warned,
with powerful navy. We regret the poverty
Of the nations in Europe, but see some compen-
sation in the fact that their very poverty
compels them to cut down ornaments, even
England suggesting that mo more fighting
ships be built" instead of, as in the old way,
announcing, "Englands fighting fleet shall
equal the fleets OF any two other nations"
This nation is free of outside danger. The
Powers of Europe discovered that half dozen
combined against Germany could not conquer
without help from across the ocean-the men
and money that we gave Even then it took
live years and more blood and money than it
was worth to win the victory. War has be.
come too expensive to be worth while.
After the LAST five years. experience it
will be many year before any nation or com
bination Of nations will dream of cominr
thousands of miles across the ocean to attack
the American giant. If they couldn't within
i've years conquer Germany, cut off from the
world by blockade, separated from them
only by an invisible frontier line, how long
would it take them to conquer this country
three thousand miles away, with almost twice
Germany's population, many times her
wealth, and territory so vast that even if one
part of it were temporarily invaded, there
would be entire nations in other parts ready
to destroy the invader?
WHAT HAVE WE TO FEAR? Our PEG.
pie, our wealth, and our nation are intact.
The hidooua uor 10 pTuTNn -, .o4 .h.al