This, of course, is very gratifying to the speculators and exploiters who are gathering into their own capacious grab-bags what is left of the natural resources of the country.

When this reason is added to their interest in armor-plate factories, it may account for some of their zeal for militarism. And of course they realize the necessity for a good large standing army that will keep the people from being troublesome when they discover that their heritage has been stolen from them. Any little incident like the French Revolution would be excessively annoying to the intrenched interests in this country. An army looks good to them, and the latch-string is always out, socially, to the members of the military caste who greatly enjoy the hospitality of the gilded caste.

Every one who looks at all four corners of the situation in this country understands why every pretext is seized upon to get bigger and bigger appropriations for the army and navy. A navy provides a big profit in armor plate and an army provides protection for that profit.

The Wizards of Wall Street are wise.

They see a long way ahead. The people never see very far. They are easily scared by a hue and cry about unpreparedness when naval or military appropriations are wanted.

They readily swallow the bait of economy, when the interests desire to defeat an appropriation that is needed to develop natural resources belonging to the people that are coveted by the Water Power Syndicates, or an appropriation that is needed to build waterways which would make competition for railroads.

Water Power Syndicates and Railroads and Armor-Plate Mills are all controlled by the same coterie of intrenched interests. They understand each other and work together perfectly without even the necessity for a gentleman's agreement.

The people have been asleep a long time but some day they will wake up.

For years the Gospel of Peace has been proclaimed to the world from the United States. During that period we have been busy building battleships and piling up great private fortunes from making armor plate. We have been urging disarmament while spending millions to increase our own armaments. We have been advocating arbitration while constantly increasing our military expenditures.

Since the day when Congress in a frenzy of patriotic outburst voted fifty millions in fifteen minutes to start our war with Spain, the peace propaganda has been vigorously prosecuted and in that period we have had war after war: the Spanish-American War, the Russo-Japanese War; war in the Philippines, war in Greece, war in the Balkans, war in South Africa, war in Algeria, war in Morocco, war in Tripoli, war in Mexico, war again in the Balkans, and now nearly all of Europe is ablaze with war and its flames are reddening Asia and Africa.