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Show REGARDING THE POSSIBILITIES OF WAR. Our reason for believing in the improbability of war between our nation and other civilized countries is, that in one great respect, at least, there has been built up a bond of fraternal relationship that would make the hostilities of modern war methods practically impossible. im-possible. We refer to the commercial relationship. To-day we will find, if we investigate the ownership certificates of our great industrial indus-trial branches, that there are scarcely any of them in which a large percentage of foreign capital is not represented. Our railroads, and even very much of our real estate and improvements arc owned by foreign interests in different nations. Oh the other hand a like condition con-dition prevails in Europe. American capital has found its way into many of the greater industrial enterprises and also in real estate and improvements. War means enormous destruction and ruination in all business channels. War requires the expenditure of huge quantities quanti-ties of money. When countries go to war they borrow money from the capitalists. Capital is very timid, at the same time it is not very patriotic and has absolutely no regard for national lines. The wealthy Englishman would as willingly draw a dividend from an American industry as would the American pocket a profit from an English investment. in-vestment. In case of war, for example between England and the United States, it means the paralyzation and destruction to English capital in America and American capital in England and consequently conse-quently when these governments essay to make a loan they will find a strong sentiment on the part of the money lenders for peace. Day by day the financial affairs of the world are becoming more and more international in their scope and as this condition develops the chances of war correspondingly diminish. |