The Washington herald., 1908-08-20
We've Got the Money. Too. -


About the time OF The Russo-Tu-Eish
war, in which Great Britain was an auy
Of the sublime porte. there came into ex.
istence the word lingo" It made Its ap-
Pearsnce in a song that. coming az The
psychological moment. proved 10 be i'm
menssly popular Its chorus ran
We c1u'- want TO fEat. but. by lingo. If we Co.
We've got The ships we've g1t the usn: we've 20,
The money -7o-
We fought the Bear before
When We were B-itors t--s.
he Russians shan not have Coa-s.a--.5-r7--.s--
It was not bluff in those days. as The
result showed; but one cannot help Won
dering to-day If England is quite as sin
cere as she was then. For to-ds~ We
have the spectacle OF Great Britain
concentrating. as she did by The recent
nlassing OF her Enormous feet in The
North Sea, that we've got The sbirs.~
and now comes the offer Of league Of
British bankers, who design. OF say thsv
do-and it amounts TO pretty much the
same in its effect-to lend the British
government the vast sun q s5l0.0100a0 AZ
a purely nominal rate OF interest. the
money 70 be used for such increases f,
the British navy as VIII IN spite Of The
most frenzied opposition maintain -ra
'two-p5Wer policy which has. since
modern navies came into existence. been
The standard Up 10 which the British
naval estimates have lived.
That Il has been Increasingly sfe7-rr-
year By year TO naiuta'7 this standard
has long been patent. and II has been
Germany, more than any other powe-.
that has increased the burden Of Great
B-itain's task II IS undoubted tra- he
German Emperor would be gIad 10 v-res-
from Great Britain the mastery OF the
seas so far as thar mastery Is com
manded BY a great navy; and he IS ably
assisted BY German patriotism. which
in a concrete form, IS represented by The
German Naval League. the ambitions Of
which are greater than its resources
II may vel be that the offer OF the
British bankers os this enormous sun
1ar greater than under any other cir
ounlstanoes the British government co,,r5
anord 70 set aside for any bartle-shfn
building progranne-is n the -a---, -
warning 10 Germany that the matter
Of the greatest feet Is q matter of rha
longest purse. and that IL nav be taken
as an intimation that British fnanc;ers
recognize that a dominating heet-a feat
big enough 70 contest svccezsfu1r,- a.
least theoretically. with the fleets of a7v
Two great powers IN combinations ne
best sort Of insurance the Rrf-fs, q-o,--
e-ument and its institutions can invest
u.
NOT s the extraordinary Offer rfl-s77- %
fan Of its effect for. If once GERMANY
IS convinced that Great Britain has snv
such sum al the command Of her naval 4
authorities, she must be convinced also
how hopeless any effort al competition /
must be Germany's programme OF av-
IA aston has proved costly one. and TIE
German chancellery IS. apparently. at
the end o: its string. so far as increase I
0f expenditures IS concerned. The conn
try is almost at The limit OF income bv
taxation. and no new projects for raising
money that she could possibly devise
would bring her within striking range OF
5reat Bri;ain's naval expenditure with
1ais S50o.oooo5o loan added
II has been intimated that tae British
Chancellor OF the exchequer. a1r. IIovd
George, who IS in Germany studying The
eHects Ct the old-age pension system.
fas also been authorized 10 discuss the
naval situation As q result Of anv such
discussion. there seems 10 be q chance
tnat Germany. recognizing the futflitv Of
bitter competition. may be willing 10
come 20 some amicable arrangeme7-
Ior a reduction IN naval outlay. so that
the status q1o may be preserved and
ne present exr-avagant waste OF money
may be stopped The burdens OF mill
-arisrn are becoming TOO great TO bear
and the plan OF disarmament discussed :
Al The Hague conference may become a
possibility through the protest OF the ,
people against taxation.
The Milwaukee Sentinel -,,s,+- o.. -,