Grand Forks daily herald., 1916-05-09

Inc nOStliltle8 IN Europe Will have
gone on two years should the wal
continue to Aug. 1. Attempts to gauge
Its burden to all tho powers involved
have resulted In q calculations that, il
1t Is still in progress on tho .sscond
anniversary, the direct cost of the
struggle will have been in excess OF
a@45. 5.000,e00,000 The total military
expenditure In the flrst year was ap-
proximately $17,5o0, 900, 900. In the
second year it will have been $2S,O00,-
100000.
These figures, AZ the Mechanics and
Metals National bank points out, rep
resent simply the expenditure for car
rytng on the hostilities. They do not
allow for the destruction Of cities,
bridges. roads or agricultural values.
Neither do they allow for economic
loss through the killing and manning
OF men. the loss Of production in oc-
cupied territories, the decrease in
stocks Of food, metal and other ma
tertals, the arrangement of the ma
ehdnery Of distribution, or the cost of
pensions. They measure in a common
term an expenditure Of capital which,
to the governments concerned, will
In the end be translated for the most
national debt.
II the war costs $45,o00, 200, 900 it
will represent sum three times
greater than the entire capitalization
OF the railways Of the United States,
and four times greater than the total
deposits OF all our national banks. It
will represent q sum SIX times greater
than that expended in the civil war.
II will represent forty times the
amount OF the present national debt
of the United States. 120 times the
cost Of the Panama canal. 500 times
tho amount Of the annual American
gold output. Direct cost Of the Fran
co-Prussian war in 1901 was ST.
10000, 900. and Of the South African
war $3.50, O,000.0 900.
The aggregate amount named for a
full two-years warfare Is believed to
be we'll within the actual total. DR..
Karl Helner1ch, Germany's finance
minister. has named precisely that
figure Of the war cost to only March
81.
Great Britain's expenditures are
now in the neishborhood Of 25.0oo,-
900 q day. The daily average was
$14.000,000 a year ago. France is
spending $18,000,000 a day. accord
ing to the latest estimate Of Alexan-
der Ribot. Last year France spent
9s.ooo.000 daily. Russia. which a
year ago spent an amount equal to
that Of France. Is now spending 49,.
Bark. These daily war expenditures Of
the entente allies make total OF
$5s, 500, ZOO. ~, +.
Germany's present daily war cost i.
$l6,eOO,000, on the authority Of DIR
Hslnerich. That eof Austria hungary
Turkey and Bulgaria combined, or
the same authority. is $10,900, 900
The aggregate for the central alliea
10 therefore $27.600.000. Altogether
erents 10 approximately $ss,000, 900.
It is.yestimat6d that in spite of thu
present relative position OF tho ma.
lions ~ regards war cost, the direc1
cost to the chief nations Of the cen.
tral alliance has been only little
short of that Of Great Britain, whosl
AGHro6ate mp to the present time hal
eurpaaged that Of any other singll
kslHgerent. Great Britain's expendi.
tufe has increased gradually. Ger.
MAnysSS was large from the first, be
cause gof extsnsive campaiens; on tWS
feoneg, ana because Of the superior
fun5bsr OF individual enemy nations
0reat Britain has lent funds ON u
Axtensiye scale Tor the purchase b
military supplies to Russia, France
Italy. Belgium and certain neutra
cOuntrtea. France has made advance
% Ruessa. Belgium. 9erbia and neu
ttalg. Germany has extendsd credit
e apstria .sannsary. Turksy ana Hui
6tfeng 1owefa 70 the wsaksr 61ilee1
ana 70 IlSutrsls lsays anodnts,
i ~ q. 81. .000, 900. y1gufoD from Eng
/ 14utboos indicate tha8 Hu6nda q