| Show I L Opinions 1 I S Comment of the American Press Wells' Wells World State Advocacy of a federal world state to replace the league of oC nations nations nations na na- na- na comes to American attention with the visit of H. H G. G Wells to the Un United ted States In an article in the American Magazine he insists in that all aU talk of disarmament without establishing a policing power to enforce it is rubbish Disarmament advocates may easily lull pe people pl into a false security security security se se- se- se by their declarations and messages If advocacy of disarmament disarmament ment is not inspired by wide-eyed wide sincerity it is a cruel fraud If It any of us are arc active just because it it helps a national political career to profess pacific sentiments we are doing a thoroughly mischievous thing Nothing will help so to expose expose expose ex ex- ex- ex pose us to the danger of war as insincere and minded light-minded pad pad- cism There could be no worse form ferm of levity If It we are not prepared to sacrifice sectarianism party sentimental sentimental sen zen and patriotic loyalties to subordinate financial interests and racial vanities and prejudices to this greater issue to make it the form Corm and direction not only of our political but of f our social life then our amiable intentions such as they arc arc are thrown away Unless we are preparing our minds and acts for changes that amount to an unprecedented d world reconstruction of at institutions and of ot education to a a. world revolution such as there has never been before before be be- fore Core we are arc not preparing for peace We peace seekers are revolutionaries revolutionaries revo revo- or we are absurdities Unless we are arc willing to live and work for the federal world state slate which is 15 the only reality of peace peace then it would be far better for us to leave sentimental disarmament disarmament disarmament disarm disarm- ament alone Mr Wells' Wells article makes a direct attack on Ra Ray Ramsey y MacDonald The prime ministers minister's recent speech on the arms trade was an eloquent d display of how to ask for tor disarmament disarmament ment and do nothing about it it he writes He spoke very beautifully of the horror with which he saw that British soldiers had been blown to pieces by made British guns at atthe atthe atthe the Dardanelles He explained how p passionately he wished for a com corn control of ot private profit armament armament arma arma- ment production And then he argued argued ar ar- ar gued that to control private armament armament armament arma arma- ment production except through an extremely flexible license system ys- ys tern tem would throw multitudes of people out o of work and put the British at a Q great disadvantage against foreign powers Those wicked foreign powers Elsewhere he says he believes there are people under the impression impression sion zion that by passing a few resolutions subscribing none too liberally to a few peace societies voting whenever possible for whoever is the leading professional pacifist being excessively ely l and artificially nice to foreigners learning Esperanto Esperanto Es Es- and taking away toy soldiers soldiers soldiers sol sol- diers from front their children they can without any further hindrance to their present occupations and habits hab hab- its insure its insure the peace of ot the world They cant They will not understand understand understand under under- stand the harsh realities of the case They will not grasp the nettle of the truth which is that since human human human hu hu- hu- hu man society and states and governments governments govern govern- ments have existed they have been warring societies that human history history his his- tory is a history of ot war This is something greater than ordinary politics We Wo are ere dealing with vast comprehensive things Now with the new powers thrust Into mans man's hands by science and invention war is a plain threat to destroy civilization to destroy all that makes human life lite worth living Gold on the Wing Gold has begun gun flowing out of ot Holland into France and England arid and nd there Is a new influx of gold into America from all aU the panic stricken countries The flight of ot gold has begun And America is don dong doing exactly nothing about it except ex cx- to rejoice in the increase of ot our own tre treasury ury hoarded gold which was already threatening to smother us What shall shaU it profit prom us w if it we gather in all aU the gold in the world and then find we can do nothing with it Gold as a commodity has very limited uses We already have thou thousands ands of times more than we could possibly put to thoc these use uses Otherwise its is we use is iJ as moneys money or the base of oC money and the only money use for which it has ever been essential is international tr trade de Domestic business can be conducted on any oasis basis Now if by monopolizing gold we render it unavailable unavailable able for that use there is danger that the other nations will substitute tute something else Then our gold becomes a a. commodity to plug teeth This is what is menacing us And the only reason we are doing nothing noth noth- lag ing about it is 13 that we are thinking thinking think think- ing lag with our memories dating from froma a time when nothing needed to be bedone bedone bedone done since in the conditions of that time it did itself It is high time to wake up and to bestir our minds Of if any to consider consider consider con con- sider what to do to keep our gold goldworth goldworth goldworth worth something San San Francisco Chronicle Wall Street Blues A membership on the New York stock exchange was sold the other day for It was the tho lowest price paid for a scat seat since 1919 and recalled the halcyon days for brokers when a seat was hard to buy at nt The Tho price of ot seats fluctuates of ot course with the volume of trad trad- ing The public took a terrific drubbing a n few years ago from its attempts to get rich quick by Wall Vall Wallstreet Wallstreet street gambles Buying and selling selling selling sell sell- ing was in tremendous volume on the narrowest of ot margin with the brokers taking their commission both ways The lesson learned then at such fearful cost has not only slowed up the public willingness willing willing- ness to be shorn on Wall Vall street but the regulation of ot trading by bythe bythe bythe the securities and exchange commission commission commission com com- mission has brought about needed needed needed need need- ed reform in the offering of stocks as well as in the margin required Vall Wall street has been deflated to a point where it serves a le legitimate legitimate le- le business and financial purpose Men and women with money to invest are paying some attention to tho the worth of ot itic This makes Wall Vall street blue but Vall Wall street t blues need not be regarded too seriously by bythe bythe bythe the rest of tho the nation Omaha Omaha World |
