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Impersonally, then, one notes the credit facts and probabilities towards the future's greater well-being; and those on the debit side, of retrogression from the state of well-being, such as it was, which prevailed when war was declared. First, what will be the physical effect of the war on the soldier-workman?

But I am not presumptuous enough to try to teach these cooks how to make their broth, neither would it come within the scope of these speculations, which conclude thus: The soldier-workman, physically unchanged, mentally a little weakened, but more "characterful" and restive, will step out through a demobilisation heaven send it be swift, even at some risk! into an industrial world, confused and busy as a beehive, which will hum and throb and flourish for two or three years, and then slowly chill and thin away into, may be, the winter ghost of itself, or at best an autumn hive.

So, in a counsel of perfection, speak the wise who have not been deprived of home life, civil liberty, and what not for a dismal length of two, three, and perhaps four years. No! Demobilisation should be as swift as possible, and risks be run to make it swift. The soldier-workman who goes back to civil life within two or three months after peace is signed goes back with a glow still in his heart.

The self-control and self-respect which military service under war conditions will have brought to the soldier-workman will be an added force in civil life; but it is a fallacy, I think, to suppose, as some do, that it will be a force on the side of established order.

And, now, what will be the spiritual effect of the war on the soldier-workman? And by "spiritual" I mean the effect of his new life and emotional experience, neither on his intellect, nor exactly on his "soul" for very few men have anything so rarefied but on his disposition and character. Has any one the right to discuss this who has not fought?

If the army life of the soldier-workman stopped short of service at the front one might say at once that the effect on his mind would be far more disastrous than it is. The opportunity for initiative and decision, the mental stir of camp and depôt life is nil compared with that of service in the fighting line. And for one month at the front a man spends perhaps five at the rear.

But suppose that to some extent it does stand, we have still the fact that the control of industry and capital, even as long as ten years after the war, will be mainly in the hands of men who have not fought, of business men spared from service either by age or by their too precious commercial skill. Towards these the soldier-workman will have no tender feelings, no sense of comradeship.

The labour world is now, and for some time to come will be, at sixes and sevens in matters of leadership and responsibility; and this just when sagacious leadership and loyal following will be most needed. The soldier-workman was already restive under leadership before the war; returned to civil life, he will be far more restive.

Let the reader take what follows with more than a grain of salt. No one can foretell surely not this writer with anything approaching certainty what will be the final effect of this war on the soldier-workman. One can but marshal some of the more obvious and general liabilities and assets, and try to strike a balance. The whole thing is in flux.

In numberless directions women, boys, and older men have replaced the soldier-workman. Hundreds of thousands of soldiers, especially among the first three million, have been guaranteed reinstatement. Hundreds of thousands of substitutes will, therefore, be thrown out of work.