TaÌˆgliche Omaha tribuÌˆne. [volume] (Omaha, Nebr.) 1912-1926, 1916-01-18
EngIand's Crack o. Doom.
BY CHARLES a. GOLDMAN.

that date England shot her last
silver bullet Her credit was gone.
K The body OF the great Empire lay
PROSTATE, stretched out like a patient
1on the operating table Of an ex-
detrimental hospital. From the wooden
benches Of the amphitheatre, the
students leaned forward, their fas-
cinated eyer riYeted on the motion
less figure below them. The surgeon
was ready He opened an artery,
and the blood poured FORTH slowly
into the extended bowl.
The patient uttered a slight moan
and moved. The assistant surgeons
grasDed him more tightly.
Then troubled blood through his
pale face was seen
To come and 90, with tldings from
the heart,
As 70 q running messenger had been.s'
The light slowly died from the
eyes of the patient On the operating
table, He closed them. His thick
lips turned pale and gray. An ashy
hue spread over his entire body.
The British Empire had been bled
white.
Here was the worlds most tragic
moment in finance.
But surgeons must hoodwink their
patients. These Tested as theirs lay
dying. They spoke of "mobilizing
American securities Under this
empty phrase they hid the terror Of
a forced loan"
ON December 18th the House Of
Commons empowered the British
Government to seize all American
securities in the vaults Of English
insurance and trust companies and
private estates. England from that
moment realized that she could no
longer borrow a dollar abroad on the
strength Of her own paper.
Why did the Grand Climacteric
come on the evening of December
18th? Because England knew that
on the day following the announce
ment would be made that the Amer
lean public had flung back upon the
lands of Wall Street underwriters
100000, 900 Of her half-billion war
loan. She knew that the last market
open to her had %repudiated her
securities.
This tragic moment came upon us
with insidious quiet. like an evil
worm. crawling through deceptive
foliage, for falsehood and deception
had shronded every phase Of its
advance. And yet its approach had
been indicated by the progress of
England's daily war expenditures, not
as made known In this country. but
as issued by the leading authorities
Of England, in warning their own
countrymen;
Engiand's Daily War Expenditures
April list to June. Both. 1913, 500. 900
July LIST to July 1zth...... 5000, 900
.inly 18th to September 18th II, 100000
September 18th to Novem-
Der 9Th ,........ 21,750, 900
November 18th to November
And to-day the British war ex,
penditures are still advancing, the
figure at present exceeding $780,
900 a day.
Again these same authorities
warned their countFymen OF the dan
ger to their nation in its increasing
government outlay, giving the follow
AiH Nlu0HilH ASA3tb AOI q pSIlba VI
only seven months
British Nations Governmental Ex-
penditures$
Army, navy and mnni-
tons ......... $685. 800. 900
Bank Of England, repaid $1,000 900
Loans to Allies 294,5O0, 600
Loans to Dominions 1917, 900, 900
Food supplies and mis-
cellaneous charges 1875 900
Total war expenditures
(seven monthsy .$9, 715. SOC. 900
1t was of these figures that Sir
George Paish, financial adviser to
the British Treasury, warned his
countrymen. He tried to reason that
accumulated wealth was not being
destroyed, but announced that the
country was losing $4,000, 600. 900 a
year from the failure to make re
productive expenditure" Indeed.
much as the world is commencing
10 despise the English for their spirit
Of empty Boosting, and their failure
in all achievements, Il car t with
hold a feeling of surprise pity for
a people so dulled TO consequences.
Yet they are being warned on every
hand.
Lloyd George warned them In the
House Of Commons: we must. re
duce the proportion Of our orders
which go abroad, and develop our
home resources. John Dillon warned
them. We are travelling the road
that leads not to victory, but to
financial ruin and loss Of the war"
George Anderson, Treasurer Of the
Bank OF England, warned them.
only by selling foreign securities.
by creating foreign credits, win 1t
be possible to provide the vast sum
needed by the nation and its Allies "
Reader, Note the Progress Of a
Nations Downfall.
Surely, before the great collapse
came, affairs must have been pro-
crossing badly. Let us inquire closer
into the reason for these admonitions.
We shall now contemplate for a
moment the sums borrowed by Eng
land since the war began:
aL% war loan ..... 81, $50, 0O0, 600
E%xchequer bonds ...... ITO, 900, 900
Treasury bills ......... 1,110,000,O 900
S.ew var loan 41z%..., 5000, 100000
Total raised at home. !. 5000, 000. 900
Raised in United States:
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