Randal Cremer quotes:

At the first rumors of war, timid investors in various government stock, being panic-stricken, sell out, to their loss and the gamblers' gain.

It may be that for a long time some nations will continue to fight each other, but the example of those nations who prefer arbitration to war, law courts to the battlefield, must sooner or later influence the belligerent powers and make war as unpopular as pugilism is now.

All the vested interests and people who profit by war will - with the journals they control - resolutely oppose any reduction of armaments.