Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-02-27
MONEY PROBLEMS
TROUBLE GERMANY
Financial Outlook Dark to Those
Who Dare Look Into
Future
NEWSPAPERS PESSIMIsTlC
War Costs Already Equal to To-
tai Fortunes of Country's
Millionaires.
NEWSPAPERS PEssIMIsTlc.

o"tiooH Is troubling inc mindS oil those
who have the courage to look souarely
into tho faces OF tho future 1t is
significant that the papers OF Frank
fort. home Of the German Rothschilds,
and financial center OF Germany, arc
the first ones to depict the future in a
pcSsimistic light
The Frankfurtcr Nachrichten recently
made the alarming statement that the
costs OF the war have now reached an
equal TO the aggregate fortunes
OF all the miilionaires OF Germany. ard
that the annual TAXATION which must !
be imposed in order TO fulhll all obliga-
tions. equals tho total incomes of"au
Germans whose annual income is.
$1,000 or over .-s{
rhis means that. even II taxns
TO 20 per cent of incous
be imposed upon the wealthy classes.
the masses OF the people must still
be hurdencd with four-ffths of Tho
huge amount which must be raised
annually merely in order to nav in
terest and make partial payments on
inc war debts OF the empire.
VAST AMOUNT NEEDED TO
HEAL WARS WOUNDS
The Frankfurtcr Nachrichten puts
forward tho following:
Inc total cost OF the war and ~.
amount absolutely needed to heal tho
wounds caused by the war will reach
between 10000 100000 and $4,000 ooo
400 marks $4,000 oOo. ooa tn s1oooo
ooo.oool. corresponding to an ,nnr,,
interest OF between 1000. 900 and n5o0
"o" marks tsi0o.000. 900 to s5oo ooo
"o",' The individual states and mn
h'c'ra htles will thus be saddlcd with
IN additional tax burden OF at 1ea.tt
'''o''ooo marks $500, 600. ooo). hut the
""'ouht may reach even 1000. 900 600
marks tsSoo.o0O, o1O).
IN time of peace, the newspaper
the total amount of taxez
throughout the empire had
reached an amount of stoo ooo ooo = -.
this amount, $4,000 600 Wa .na,,y.I
"rNhN and navy, while about $40 ooo nm
WAS required to pay interest On
tionaI deDr. 'i'e ma
supposing these expenses To rem,;,
unchanged after the war. the n,,,ir.
an Tue future will have to nav out m,
""altE about sS0o.00O.OoO OF a totalyrx
penoiture or approximately 3l,4oo OOo
V'o' NO matter how this gigantic
nc raised. the burden will rr,t
very heavily on the shoulders of tbe
taxpayers.
ohhi the war came, the acErcrato
expenditures OF the individual states
were higher than those of tho cnniro
ana had peace continued. the amo,,nt.
would gradually have become cou.1
- rs CIRCUMSTANCES now
'''' expenditure duo to tho
e"'pire VIII be at least two
Zines as large as the aSEre-
Nre''''''nrcs oil the individual
- :" o'"'r words. in order to
~ ,"u'o'c"hcss III full and fulfill
Germany must an
49,, 49, an" pay out $1,000. 0q0. 900.
"'tcr Nachrichtcn" at
, ,,;,; "ei"s made to form
'och Oh inc question Of
80 '''''' an" maintains that political
- ''"H 'h"t Il way be kept open
'ooPer'tioh OF the Socialists.
"'>i' HHiNG PRoBLEM
LIKE SWORD or DAMoCLEs
This disturbing financial rrob,on,
fortunately. however. need moi he
tackled right away, though it will con-
tinuc TO hang. like tho sword Of Damo-
clcs. suspended over the heads Of Ger.
nanN's statesmen and iinancicrs The
war and all expenses flowing from lit
arc kept entirely separate from the or
"'hary budget, and are paid for out OF
thc great war loans. which. at least
temporarily, Keep off rnc weight of
inc burden. -
WI nat Is lar more embarrassing, be-
cause II mas TO be faced and overcome
immediately. is tho fact that it has not
"eeh possible to make the annual bud-
go "'iah'c' principally because a num-
"er o' revenues such as customs du-
''cS' nave disappeared during the war.
y "a'ahcc must he established. how
'Nt'' '"" ms means that' after little
,.'o'' 'h"" Il year ana a hadt or war
are IN" government finds itself UNI
',"'' - weep ne promise given TO the
man PeoP'e .hat no new taxes
'"""'" "t imposed curing the war.
""'''ot' ot '"c states nave as
''a','' VI 'n''' ".rea"y imposed new
. go an" NOSE 'na' nave not must