Show The DAY m I I I I II Japan seems seem about to teach teach teach-or or try to teach the teach the world word a new trick namely how to make a war without gold If I she succeeds all an nations will wi have learned leared something The Te very A ABC B C of modern war is to obtain for tor credit from foreign sources the munitions the fighter cannot produce at home In recent years no firstS first class power has had the hardihood to seek cass war supplies on credit unless It I could offer something in m the way of ofer of or trade gold or a favorable balance a as security Until now departure from the gold standard as A prelude to the unleashing of ot the dogs of war would have been inconceivable By what miracle mirace of finance can the Japanese expect to reverse all al the practices of the past and at the same time equip and provision an army any feed teed its it civilian population and produce produce pro pro- duce enough goods for export to earn ear interest on its it necessary war loans If now as in the past nations were going I around with well vell wel filled fied wallets intent only on disposing of surplus goods and financially strong enough to carry slow-pay slow customers the solution of the problem might not require require re quire so much of the magical magIcal But now it is questionable if even evena a mark as easy as Uncle Sam Sara would venture to an any considerable extent on the financing of a primarily insolvent insolvent vent war var and no other country could advance the necessary cash or goods if it wanted to I 0 a aA A rational guess would be that Japan Ja pan relies reles much possibly much possibly overmuch on on the weakness of China This is isone isi I Ione one of those occasions Japanese statesmen may reason when a n blu bluff of sufficient magnitude will take the place of cash credit men and mate mate- rials Conditions being as they are it i seems a very small smal monkey wrench Inthe Inthe in inthe the mechanism of Japans Japan's projected war var would jam up the works To delay action acton to keep up a short time the morale of China Chia would it i seems be quite as effectual in i making the Japanese be good as resorting to forcible measures Presently no doubt it wilt will wi occur to the advocates of silver tion that the situation in the orient orientis is a heaven sent heaven sent opportunity to demonstrate demo dem the potency of stabilized sil silver silver sio sil- sil ver as a peacemaker At one stroke the placing of Chinas China's sliver silver on a fixed ratio rato with wih gold siver would increase threefold the ability of the Chinese to buy what they nee need for tor protection from their insular l neighbors And think what it would mean to tol the United States to have its it factories factorIes' chock chock-a chockablock chock block with wih orders for goods goods' and materials material to be used by China I for self defense Could there be any stronger incentive tive to an international agreement on the monetary ratio rato of ot silver siver and gold than the spectacle of Chinas China's defense defene defense de de- de- de fene requirements requirement becoming the monopoly of the United States Simply astonishing is the number of difficult world problems for which the wider use of silver siver seemingly promises a perfect solution |