THE ECONOMIC CONFERENCE.
[TO THE EDITOR Or TII1 "SPECTATOR."]
Bra,- -Tn your remarks on the economic proposals of the Allies in last Saturday's issue of the Spectator you say : "We want to smack the heads of the Germans, but not under conditions which will take the akin off our own hands." May I suggest that if we enter into an economic fight with the Central Powers in such a spirit we are bound to lose? No one ever yet won a fight who was not prep red to skin his own knuckles if by so doing he could knock out his adversary. We may be sure that the Germans will not hesitate to lose some skin off their hands if by po doing they can get the best of the conflict. Anything worth fighting for is worth making sacrifices for. No battle is all gain and no loss, and if we are not prepared to make some losses in order to secure greater gains" on balance," the resolutions to which we have agreed at the Economic Conference are of no practical value.
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