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Show COUNTRY IS WELL PREPARED FOR THE CLASH AT ARMS By International News Service. CHICAGO. April 1. Presently we shall know what we shall know; to what extent ex-tent and in what manner the country shall take part in the war. Never- was a country so well prepared economically for a conflict, so well conditioned con-ditioned to prepare for a conflict. A prolonged pro-longed prosperity has flooded the la nd with, money, with the tokn of wealth internationally recognized since the beginning be-ginning fi Hvihza tion with gold. The banking power of the nation is the strongest o( whi"h economic history has record, and it is fortified by a government govern-ment banking system of singular strength a nl of t he highest efficiency and efficacy. effi-cacy. Everyt hi rig physical man requires Is tirowin. and made here. The agriculture agricul-ture 1 territory is vast and varied. A , possible la-'k In one section is eompen-! eompen-! sn i ed hy bounti fulness in another. Coal 1 a nd iron ore, t he fund a men is of ma mi -i faoture, are of an inexhaustible quantity. quan-tity. Mills and factories are now multitudinous multi-tudinous and skiltully operated. Creditor Nation. America is a creditor community for the first time. She has no debts to be called. Foreign liquidation of American securities is at an end has been exhausted. ex-hausted. For the government of such a country, the amount of its obligation is nil less than what was once owed by a third-class European power before the war. The administration could borrow JlO.OOn.OOO.OOii, if need be, and not em-bo em-bo rrass national finances thereby. It may be objected by academicians that ultimately war impairs the wealth of a nation. The objections are too sweeping sweep-ing and academic. There is the important contingency of what kind of a war is waged. A war like that waged by England, France, Russia, Germany, Austria and Italy is severely impairing. The war waged by Japan and Canada is not. Japan is becoming be-coming wealthier by it, and so in a lesser les-ser degree is Canada. There is the important im-portant difference of invasion or the danger of invasion; the difference of where the battles are fought. Definitions Deferred. Closer definitions, however, will be deferred de-ferred until after congress will have acted, act-ed, until the country's course will have been defined. Whatever congress decides for an aggressive ag-gressive war. a state of war or preparations prepara-tions for war industries are sure to be occupied to full capacity for an indefinite indefi-nite period; the products of the farm and of the ranges will continue to be in high demand ; labor will be completely employed; em-ployed; finance will flourish. Always provided, in regard to finance, that extreme ideas on taxation do not become prevalent and are realized. Excessive Ex-cessive imposts on income, individual and corporation, would be markedly reflected on the stock exchange. |