The sun., 1914-09-18
VARS MONEY WEAPONS.

wax , MONEH WEAPON y =.
Relative Wealth and Financial Power OF
Three COmbatants.
In a recent speech Mr. Lloyd George
laid stress upon the monetary resources
OF Great Britain as a vital factor in the
final determination Of the war with
Germany. The last hundred millions
OF money. he said. might decide the re-
suit; and England would have this
last hundred millions.
Let us examine the relative wealth
of three OF the contending nations
Germany, Great Britain and France,
ignoring Russia and Austria Hungary
entirely. On January /. 1913, on the
occasion OF it's fortieth anniversary, the
Dresdner Bank Of Berlin issued "a
brochure entitled The Economic Forces
OF Germany" containing, according to
the banks announcement, facts and
figures taken from authentic sources"
specially prepared by the statistical de-
partment. Under the caption National
Wealth" the estimates for the three
countries were compared as follows, the
authorities in each case being given:
Germany (by Ballod) 270 milliards Of
marks: United Kingdom (by Mutually
from 260 to 800 miliards: France (by
Leroy-Beaulieu) 40 milliards. Re
duced to equivalents in United States
currency, four marks to the dollar, the
hgures compare thus:
France .................... N7. 500. 900 900
United Kingdom taverased).. 10000. 900 900
germany ................... 67.50o. 000. 900
Excess allies wealth. 600. N5, ,oo0. ooO. 900
year later a brochure was published
by the Germanlstic Society of America,
giving translation OF a Complementary
part OF the larger work, "Deutschlands
Nolkswohlstand 1sSs-1s13," issued at
the time OF the celebration held by
Germans throughout the world to COM
memorate the reign OF tho present Ger
man Emperor. This complementary
part was prepared by DIR. Karl Helf-
ferich. director of the Deutsche Bank
and II embraced a thoroughgoing study
of statistics relating to Germany's eco
nomic progress and prosperity. The
author. after elaborate calculations, es-
timated the annual income OF the Ger
man people At $4,000. .oo0. 900 marks. This
was contrasted with estimates made
several years ago by Leroy -Beaulieu Of
25,OOOOOO. 900 francs (about &c, 900 900 900
marks) as the income of the French
people and by Chiozza Money OF fI,7lo.-
100000 for the English national income.
or about $4,000. 900. 900 marks. Reduced
to our currency the comparison fol-
lows:
France ...................... 5000 900. 900
England .,.................. $3.50 OOO, 900
--
Total allies ........... Az 76o mn ooo
germany ,s..,.,..,.......... ll,25O, 900. 900
Excess ailier income. ..... $4,000, 900 900
DR. Helfrerich estimated the national
wealth of Germany at from 290 to 32O
milliards or marks. He quoted Edmond
Thery for the estimate OF 2s7, ,OOO. 900. 600
francs o232,b0o, ,000. 900 marks) for the
national wealth OF France and gave the
English estimates as running from go
to 260 mllllards OF marks. Averaging
Germany's wealth as 900 mllliards of
marks and England's as 245 milliards.
the figures, in dollars. would show:
ffhhc" .'''..... $4,000. 900, 900
England ...'............... 6,l2b. 600 900
Total allies. ...............s .slls.525. 900 900
Germany ................... 1900, 900 900
Excess allies wealth ...... et3.b25, 900 900