The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1915-07-01
ENGLAND FEELS
BURDEN | ! ] Z VAR R |.
Richest Nation Of Allies Approaches
Time When Stringent Measures
in Finance Will Be Necessary.
SURPLUS EARNINGS NOT ENOUGH
Government Directing Agitation for
Thrift and is Urging Reduction Of
Expenditure on Imported Goods.
- 80 - - 80, q
BY NV. IT. MASON

ne New York, July =England is be-
ginning to feel the financial burden
of the war. For the first time since
hostilities began, the richest nation
among the belligerents is counting
the cost Of the conflict uninte rrupt-
ed .destructiveness and IS approach
ing the time when stringen meas
ures will be necessarysto find the
money for further slaugh ter. .tsI 4.
Premier sAsquith has admitted tao
lily that England is unable to meet
the expenses of the war out Sof SUR
plus earnings. The war is costing
Great Britain s5,O0O,O0O,00 per
year.. while. the annual savings of
the nation are not more than So
90 0,OOO,060. To continue finding
the balance is problem which is
taxing Britain's statesmanshfp to the
full It IS probable that the gov
ernment's request for loans is not
meeting with the response expected ):
Otherwise, it is difficult to understand
why Bonar Law, who was leader of
the opposition before the present
coalition ministry was formed, 5shoulq
threaten Englishmen with forced
loan if investors held back, SIS.
+ Agitation for Thrift. s:g ~ %.
The government is not only di-
%recting an agitation fore thrift SO
the nation shall have more money
to spend on the war, but .alsois urg-
ing in particular the reduction Of ex-
spenditures upon imported goods This
latter suggestion emphasizes the dts
fculty> England is having in paying
for her war orders abroad. 81 . ..5.s
The situation thus revealed dem:
sonstrates from an unexpected quar-
ter that Germany is not being harm
ed by her. commercial isolation in
quite the way economists have been
predicting. ThesBr british government
voluntarily to cease making foreign
purchases while at the same time the
British fleet is compelling Germany,
by force, to adopt similar princf-
ple The British idea in foreign
trade at the present time would con-
sist. of the cessation of all imports
apart from war munitions except
those which are vitality necessary to
the country, such as food and raw
materials for manufacture. Raw ma
terials are wanted from the stand
point of the wars exigencies in or
der that they may be turned into
finished commodities and sent abroad
to pay for imported war supplies.
Germany Makes Own Supplies.
Since Germany is making her own
war supplies at home it is not i'm
perative for her to follow the Eng
lish system and continue to export
goods in payment. The immense
financial burdens falling on Eng
lands shoulders, therefore, seems to
be causing a conveyance of under
lying essentials of British and Ger
man industries to an extent not given
full consideration by the economists.
England's< foreign trade is more and
more approaching the stage where
imports must be confined to food and
raw materials and munitions of war.
Food and raw materials are absolute
necessities for England, but if the
new ammunition is unable to defeat
the Germans, its necessity will be
proven not to be absolute. -:
If, therefore, the war continues for
much longer time, and II: a. mill
tary deadlock in the west tinaes
to the end there may not be very
much. to choose between the indus
trial condition Of Germany and the
Allies. This is new possibility Of
the wars results, and probably will
Ibecome an increasingly important
factor among those now beginning to
work for peace. s, s. .gs.
Tennis Tournament Games.
All games of the Tennis club tour
nament which were scheduled fol
yesterday will be played this eve
ming. All postponed games will be
nlaved tomorrow evening,