THE REORGANIZATION OF LABOR.--American working people, whether they be managers of plants or workmen at the machine, have been wonderfully loyal to the nation during the war. They have shifted their work, their homes, and their aspirations to meet the needs of the war. When peace returns all this talent and skill must be turned into other channels. This we hope can be accomplished without unemployment on a large scale, and without any loss of time or pay. But it will require great directing ability, and a friendly attitude of employees and employers toward each other. FINANCIAL RECONSTRUCTION.--The finances of the government, of corporations, and of business men have been greatly changed during the course of the war. There may never be a complete return to the old conditions. But it is certain that peace will create problems of finance almost as serious as those of war. LEGISLATIVE CHANGES.--Our legislative bodies, particularly the Congress, will be called upon to pass many laws to aid the country to resume its peaceful life and occupations. All of the problems mentioned here, as well as many others, will require the enactment of new laws. We shall need congressmen and state legislators of wisdom, patriotism, and special knowledge to act intelligently for the people on these problems. The international settlements mentioned below also may require the action of the Senate upon treaties, and the action of both houses where laws are necessary to carry out our international agreements. The war has called for statesmanship of the highest order; the coming peace will make equal demands upon the wisdom and self-control of our statesmen and politicians. II. INTERNATIONAL PROBLEMS President Wilson, on January 8, 1918, addressed Congress in a speech which was designed to set forth the war aims and peace terms of the United States. Every American should be familiar with the terms of this "fourteen-point speech." Each one of the terms advocated by the President is given below in the President's own words, and a short explanatory paragraph is added to each. 1. _Open covenants of peace, openly arrived at, after which there shall be no private international understandings of any kind, but diplomacy shall proceed always frankly and in the public view._ The President here speaks against the underhand diplomacy and secret alliances which have been a feature of European history in the past. By this practice a few diplomats and monarchs made whatever treaties they wished, not presenting them for ratification to the people's representatives, and yet binding every individual citizen to abide by the terms adopted. Such secret provisions have often been agreed to simply upon the whim or the ambition or the likes and dislikes of the rulers. They have sometimes been opposed to the true interests of the nations involved. They are undemocratic, and are not in accord with American ideas.