The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1915-08-06
VAR LORDS ARE FASTENING
TERRIBLE CHAINS OF DEBT
ON WORKERS, SAYS BABSON

, OhIO DHDOUV
the taxes on mortgages are In.
creased. the man OF whom you arc
borrowing likewise Increases your
rate Of Interest: while the Income
taxes, which are paid by corpora
,ions and others engaged In active
business, are simply added 90 the
price Of the groceries. clothing. and
ether things which you buy.
YOU OUGHT TO GIT BUSY
AND KNOW WHAT THESE RI.
NANciAl TERMS MEAN, AND
TO HAVE MORE TO SAY ABOUT
WHAT rs GOING ON.
CLIP THIS ARTICLE AND,
SEND IT TO YOUR FRIENDS ON
THE OTHER SIDE IN ORDER
THAT THEY ALSO MAY SEE
WHAT is COMING TO THEM.
Learn What Il Means
Up TO the present time. tho allies
have borrowed for the war over
$40. goo, 0Oo. 900 and Germany over
$4,000. 200. 900. making total OF
$4,000. 600. 900.
II YOU want TO know whn, this
means. look up the assessment OF
your city or It's total Indebtedness,
and see how II compares.
The average city In this coun.
try has an assessed valuation OF
about $1,000 per capita. That Is,
city OF 10000 has an assessed
valuation OF about ss0.o00.o00, or
city OF 100000 people has an
assessed valuation OF about $780,.
600. COO.
The countries at war have thus
borrowed for war purposes alone
sum equal TO the sum OF the as.
sessed valuations OF so OF our large
cities, having a combined populs.
ton OF nearly 100000 people. or
one.seventh OF this country's entire
population
Moreover. the war has lasted
Just one year. WHAT DO YOU
KNOW ABOUT THAT
These bonds are just like the
bonds any corporation would issue
They are Just like a note that
you would give q neighbor for a
piece OF land. or in payment OF a
bill.
Germany in Best Shape
They should be paid. principal
and interest.
The interest alone on these
bonds will amount to over 5000.
o00. 900 a year.
or course. that proportion OF the
money received from these bonds
which In spent In the home coun.
try IL not all wasted. but there Il
40 getting back tho money which
is spent In the United States or
other lands.
For this reason Germany is In
sounder financial condition today
than any OF the other belllgercnts.
Her borrowing has ali been
among her own people.
Ennland's blockade Of Germany.
which has prevented Germany from
buying goods from other countries.
has forced her TO become sels-sup-
porting.
Hence. she has been able to re-
tain all her gold.
Hence. her people have been
forced to conomixe.
Hence. for every dollar Germany
spends. the allies must spend two.
When the working people OF
Europe finally get thru their
heads tho fact that they are the
ones who must ultimately pay all
these bills. that while they are
getting poorer tho manufacturers
are getting richer: and that mod.
ern war results simply In taking
money out Of the pockets OF the
poor people and putting II into the
pockets OF the rich people. 1T
SEEMS AS IF THE WORKING
PEOPLE Of ALL THESE Ma
TTONS WOULD RISE IN THEIR
MIGHT AND REFUSE TO FIRE
ANOTHER SHOT.
People Foot Bill
This IL not the silly talk OF some
peace advocate: II Is cold fact.
/ The government buys a million
dollars worth OF shells and turns
I the money over 10 some mhuulAC-
turer. who makes a big profit.
To obtain this million dollars.
the government sells a million dol
lars worth Of bonds to all classes
OF people.
To pay these bonds and the
interest thereon. the government
increases the taxes on real estate
and personal property.
To pay these taxes. the land.
lords raise their rents and increase
their interest rates.
The result 10 that the working
people are Obliged ultimately "a
pay this million dollars. and the
interest thereon In the meantime
Every war leaves the rich richer
and the poor poorer. and why the
working people OF the world don't
see II. is more than can compre'
bend.