WAR NEWS BY MAIL.

Taranaki Daily News, 2 October 1915, Page 5

WAR NEWS BY MAIL.

WAR TO ENRICH AMERICA. POVERTY IS EUROPE'S FATE. London, August 5. H. G. Veils, the famous British novelist and sociological writer, states: I will assume the war regime will continue t'oi Europe for at least another year. Neither side will or ean give in until decisively beate.n, and there is far less appearance now of any such decisive ending than there was a year ago, when the Germans marched upon Paris and had Calais for the taking. We have to clear our minds of the :dea of possible internal collapse on either side. I will assume, too, that possibility of participation in (lie struggle. One th'ng follows upon these assumptions. Almost inevitably the United States will take the financial sceptre out of the hands of London and become the country of rich men, u usurer country, to which all other countries will bo in debt. An exhausted Germany will face peace with no gold and ail enormously depreciated paper currency. France and Great Britain will be in a scarcely better position. for the necessary capital for peace recuperation just as much as for win supplies, tliev must look to America. • England will cease to be the fat land of the vorld. That doubtful privilege of fatness will puss across the Atlantic. That does not mean the American ,'oinmon man will be any better off than at present. The rise in prices probably will make him practically worse off, but the American plutocrat will become the limineial master of the world. One of the practical consequences of the world's debt to America will bo that imports will rise. There will be more prosperity and less stimulus in American life. The United States will in fact tend toward pre-war conditions of Great Britain and in many ways take her place in the world's affairs.' GIFTS IN LIEU OF SERVICE. A number of Canadian business men who cannot themselves go to the front arc sending machine-guns to Jill their place in the ranks, and it is proposed that every 50 business men so placed shall, in lieu of personal service, send one machine-gun. From cities and towns outside Toronto the offers are bein" received ill large numbers, and the total gifts will make & valuable addition to the fighting value of the Canadian contingent. Over 1500 machine-guns have been subscribed for by private citizens.