Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1915-02-16

strength, The problem Of the war for
the allies is = bring the remaining
tWo-thirds Of their resources and
strength into the fighting line at the
earliest possible moment and this is
largely though by no means entirely
a question of finance.
Russia is in a different position
than either Great Britain or France
She is Il prodigiously rich country in
natural resources, food and raw ma
terial. She produces practically every
commodity. She has a great and
growing population Of virile and in
dustrious people. Her resources are
OyerflOWing and she has labor 10 de-
yelop them in abundance, Russia
has since the war began enormously
increased her resources by supressng
the sale of all alcoholic liquors. By
that means alone she has increased
the productivity Of her labor by
something between thirty and fifty
per cent.
The peculiar difficulty with Russia
Is that although she has these great
national resources she has not yet
been able 10 command the capital
within her own domlnions TO develop
them, even during the time of peace;
and in times of war she has additional
difficulties. She has difficulty in eX-
porting her goods and in addition, her
purchases abroad are enormously tn
creased in consequence of the war.
France also has special difficulties.
Money Market Weak.
"The enemy are within fifty-fve
miles OF her capital II is exactly as
If we had a huge army az oxford. 1t
is only a few months since the bank
ers of Paris could hear the sound of
the enemys guns from their count
ing houses, some Of them can hear
the same sound now from their
country homes. Under these circum-
stances the money markets of the
country are not at their very best.
The chancellor of the eXchequer
declared that the French people were
supremely confident and indications
were that all the arrangements for
raising money would be crowned
with complete success.
But we have a number OF small
states" he continued, (which are
compelled to look to the greater
countries in the alliance for finan-
cial support. There is Belgium de-
vastated, desolated. with an army
and a civil government TO maintain
and with no revenue. We must see
that she does not suffer until the
period of restoration and compensa-
ton comes.
"There is Serbia maintaining an
army of 100000 fighting her third
war within two years. but with no
resources and no exports. There are
also other states preparing FOX war.
Many Dependents.
ut is obviously 20 our interest that
they should be we'll equipped for
that purpose: they can borrow only
in the French and English markets"
Coming down 70 the Paris con-
ference tho chancellor explained that
the idea OF joint loan had been
abandoned as impracticable. "An al
lance in n great war TO be effective"
he said, "means that each country
must bring all its resources. no mat
ter what they may be, into the COM
mon stock. An alliance for war can.
not be conducted on limited liabil-
ity principles
IF one country i'm the alliance has
for the moment more trained armed
men or n larger navy or greater re-
sources in capital and credit they
must be made available 10 the ut
most for the purpose of the alliance.
whether the other countries are in a
position to make a similar contribu-
ton or not. That is the principle
upon which the conference at Paris
determined to recommend to their
respective governments the mobillza
ton of financial resources for the
purposes of war"