The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-12-07
BY RooER w. BApsoN.

Another week has gone by with little
change in the situation. The western
armies continue to hold practically the
same positions the navies. with tho ex-
ception OF their submarines, arc sull in
active. while the official news from Poland
continues to be scanty. with both head
quarters claiming successes. Apparently
the last week has been given more to the
raising OF money than to the razlng of
cities.
have received official returns about
the new British loan subscriptions AL
though without doubt this huge loan of
Sl,IOOOOO,OOO was n success II Is rather
surprising that the total amount Of sub
scriptions has rot been made public. The
only official statement has been that IL
was subscribed by about 100. 900 persons
mat the smallest amount was 400 ,the
lowest denomination in which the bonds
were to he issuedJ. and that the largest
amount was FOR sl.00O.000 by y large in
surance company When one realizes that
England. by this loan. is adding, by one
stroke OF the pen so per cent. to her
total Indebtedness It makes one fairly
shudder as to what the ultimate result
will be.
France IL apparently raising her money
ny small loans, and the last week has
witnessed tho conclusion Of her second
loan. which was for $iiO.OOO.OOO. France
Is issuing these bonds in denominations
as low as $50, and subscriptions are be-
ing taken at all tobacco shops, pos,
offices and savings banks As France
already has "a greater debt than any other
country, amounting to about $4,000 0oo,-
vOO. II can be readily understood why she
is borrowing on the instalment plan rather
than In the wholesale fashion adopted in
England.
Perhaps the most astounding event OF
me week was the announcement In the
helchstag on Wednesday, December q
tnat another loan is necessary. Although
the loan of more than 81 900. 600. 900 was
supposed To be sufficient for a year an
otn'r great loan is already under con-
SideTaton Germany has the lowest bond
debt per capita of any OF the Europeau
nations, yet she likewise will increase her
sotal Indebtedness about so per cent.
during the first six months Of the war
During the lull In the conflict have
taken tho opportunity of interviewing
leaders In the International peace moy.-
ment as to their opinion OF the proba bile
duration OF the war. David Starr Jor-
dan OF Leland stanford University has an
extended knowledge OF all the countries
engaged In the present conflict. Not only
mas the personal acquaiutanceS among all
the Governments OF Europe but he has
studied In Germany and taught In Japan.
There Is no leader in the peace movement
whose opinions | persc nally respect more
hiShly than those OF Dr. Jordan
To my blunt question. How long do
you expect the war will last - Dr. Jor-
dan replied
Il do not see how Germany and AUS
ira can go through another winter, and
seriously question whether England will
care 10 make the necessary sacrifice to
DO so. or course France must fight TO
the bitter end. She did not want the
war and would gladly stop at any time.
out rather than have Germany treat her
as Germany has treated Alsace and Lor-
raine France would continue fighting UNI
III every ounce OF gold is spent. until
every drop of blood is spilled As 10
Russia. she Is an uncertain factor. None
or US knows what Russia will do She
takes counsel Of no other nation. any
more than Of her own people. Hence /,
seems 10 me that the duration OF the war
really depends upon Germany and Eng
Iand. Moreover, | believe its duration
depends more upon the working of the
consciences OF the people of these nations
than ON their resources or even their
navlcs