The Chronicle PUBLISHED DAILY. LEVIN. FRIDAY, APRIL, 1915. THE EUROPEAN CRISIS.

Horowhenua Chronicle, 9 April 1915, Page 2

The Chronicle PUBLISHED DAILY. LEVIN. FRIDAY, APRIL, 1915. THE EUROPEAN CRISIS.

The crisis that terminated in the European War now being waged is discussed and analysed with remarkable insight in the March nuiii!,-.:r o! The Round Table" magazine, and a comprehensive Minev and criticism is made of the German Emperior's sell-centred idea of a world-victorious governance based on the great fighting machine built ii i> by Uisinai'fk ami Von Moltke and administered by Emperor Wilhelni. The article dealing with thcisc matters i> headed "The Schism of Europe." It traces the uprise of the great jonfederacy of the German States from 1870 to 15)11 : reviews and criticises treiidiaiitl.v the foreign policy of the (•ermau Umpire: niarsluils for consideration tho .social doinocratic forces of the empire that have operated in wholesome manner against the military despotism so dear to the hearts of the junkers uiios" influences dominate the court: and finally Nets before the world :i fact that hinges wholly upon the issue of (he gigantic war now in progress: whether irioiiareliial absolutism shall he established for control and direction of the world's affairs, or the more-desir-able force of proper democracy, as distinguished from inoli clamour, shall be placed in the charge of responsible Governments. The article is so soundly reapplied and so helpful in its tone, even to tho.se who feel antagonistic to some of its prompting*; and dicta, that every open-minded citizen amongst us would do well to peruse it. The magazine is on the table ol Levin Carnegie Library, and may be Keen there by every resident of the town and district. \K\V ZKALANF) V IN A NCI A I, KEMTIvrCTTON. .Tevin tradespeople and shopkeepi rs are complaining of a restriction in the How of money to their businesses. The shopkeepers are pronounced complainants, for the demand for goods on credit is greater than ordinary : a fact that necessitates a disbursement of cash beyond the ordinary amount, as the merchants who supply goods on credit are insistent, these days, upon .settlements at shorter dates than those observed in the ante helium days. The trouble in Levin district—and doubtless in the whole of the dominion ilso - has been the resolve of a great many people to prepare for a time of financial stress. This very wise precaution, overdone as it has been, has resulted in a mild condition of financial stringency becoming accentuated. By this lime it ishould be apparent to all intelligent observers of the true position that New Zealand farmers and manufacturers are reaping an extra rich harvest, due to the enhanced price of all our primary products, superimposed upon oversea orders for hoots, woollen goods, etc. This being so, it follows that a surplus spending power is established amongst a bi<r percentage of New Zealand's population, and that there is no sufficient reason for tho apprehensive state of mind 'that still afflicts a great many people whose financial resources are undiiniiiwhecl. Later on there must come some heavy drains upon the taxpayers, for New Zealand's expenditure ot three and a half million pounds sterling per annum on war expenses resulting from the dispatch, upkeep ana" recruiting of troops for oversea service must be met by extra taxation. Ac against this the credits we receive tor wool and woollens, grain and dairy produce, meat and leather—all sold at enhanced values, assuredly will keep the bank balance of the people and the country on the credit .side. When the people as a whole become seized of this truth, it will follow (hat The hampering conditions of trade will be removed, with

the sure result of a wider dissemination of the moneys now held in a wuiiunproductive wsiy. Tlic inclination is upon us to put into verse the case of the troubled portiun of the community, but as the necessity of attending to pressing business is not conducive to sustained literary exertion, one terza rinia must suffice. With apologies to one half of oiw subscribers who are farmers, we have at the other half: — The record crop of hay is reaped. The record price for butter fat; The golden coins are higher heaped. Each fanner ''sports , ' a Leghorn hat. In prime delight their souls are steeped. Their smiles are broad, their sides are fat ; Their table* creak with weight of cake and honey: MIT NO ONE SEKS TTIE COLOUR OK THICrR MONEY!! ("Hint , ille laehryniac.")