Show ti All the W World orId Akin 1 m HE time was when the poetess' poetess declaration Laugh and the THE T world laughs with you weep and you oU weep alone doubtless i expressed the truth r The time was when the United States was secure in its remote- remote tl ess from the then great powers of the wor world d and md had no desire to form what then were alluded to as entangling alliances with other others s f Lions e g t Also the time was when the financial system of the United J ates was an an entity that neither disturbed the monetary s systems tem other countries nor was disturbed by changes in those systems But times limes have changed as the result of the elimination of th time and distance by the invention of the telegraph the cable Ith je e wireless the steamship and md the airship and sea- sea lne ane not forgetting the daily newspaper with with- its reports of doings flach ch day throughout the world HI Every civilized nation has the facilities for instantaneous with every other civilized country The result is isI I stoat at the peoples of the entire world are brought very close dose to- to ther until now while you may still stilt have the world laughing ith you if you weep you will vill not weep alone This was shown when the the report of the beginning of the illness of President Wilson was telegraphed to all the world and instantly distantly brought words of condolence and prayers for his recovery g tf The strong relationship of one nation to another was demon- demon fi rated in a most emphatic manner throughout the great war and of the war this relationship still continues in a decisive manner manner j In a a. business way the closeness of this relationship was demonstrated by the recent strike of the railway of England and which is estimated to have cost American manufacturers manufacturers and exporters not less than t a day in trade while the strike of the steel workers in the United States has prevented prevented pre pre- vented the shipment of material urgently needed for the reconstruction reconstruction recon recon- of the wrecked war-wrecked portions of France and Belgium and 1 material for various industries in many European countries which are arc endeavoring to regain the activity stopped by the war i Previous to the war the financial systems of AI America 1 rica and other ther leading nations were interwoven by the adoption of the gold standard which arrangement now cannot be materially changed by by any anyone one nation without seriously interfering with the financial arrangements of all others As a a. result of the war the A American government by reasons of loans directly or indirectly to various Eu European countries has I become Interested rested in such countries to the extent of nearly ten billions of dollars and this in addition to billions of dollars more in inthe inthe inthe the annual trade of this country with the same European nations From present indications this financial chain will continue I jo to grow in length until it gridirons the globe and increases materially size until eventually every link must be carefully guarded to sure sure ure the strength of the chain as a whole I t Whether the time has come for the the once tabooed entangling lances is a question for discussion I b but t taking all prevailing conns con- con ons ns into consideration it would seem that America if for nothing else than its own protection should be in in a position where i it could when when desirable place a finger on 01 worlds world's financial financial and political pulse i Y |