The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1916-04-08
s27,O61,0oo,O00
SPENT IN EUROPE
After Eighteen Months No De-
CisiYa Blow Has Been Struck.
LOSS ABOUT $4,000, 600 MEN

This, Of Course, includes Those Killed,
Wounded and Prlsonsrs-6snkruptey
Msnsess Great Nations Engaged In
struaeIs-Nsithsr Side VIII Consider
Peace.
The European war has lasted eight
cen months-the blacklist eighteen
months known to the modern world.
What has been accomplished?
No European country has been bene-
nted, nor has human liberty advanced
at any point. nor has any great moral
principle triumphed I'm any place or on
any battlefield.
The net result has been 2,99oOo0
men in the very prime OF life killed.
more than 100000 made prisoners
and more than 9,S3O.OOo wounded and
maimod, many crippled for life.
This measureless bloodshed and suf-
ferIng. making millions widows and
many more millions orphans, have been
the heaviest toll OF the war
Next, the money loss $40. S62, OOO,-
900 borrowed for war by Germany,
Austria and Hungary; $40, l900O0OOO
borrowed FOR war nv France. England,
RussIa and Italy; n grand total Of
s27. O61 900. 900 spent In making war.
Waste OF Money stupendous.
The mind cannot grasp such stu
pendous figures or such wastage IL
he
national debt Of the United States In
Cured In 1870 years OF history includ-
ing five wars.
IL means sum equal TO the entire
savings or Increase In capital or the
entire world for ten years.
Ii means debt OF about $500 for
every family In all belligerent coun-
year OF every European peasant
family or unskilled laborer In Europe.
IL means tax burdens for this gen
GRAFTON aud for generations yet I'M
born that will make the burdens OF life
greater than ever before for all.
Economic Crash st Hand.
In short. as Mr. Diamaut. an expert
in foreign exchange. wrote, bankruptcy
Is 80 menaciug I'm all the warning coun-
ties that III political economy does not
will make an end 81 political econ.
omy"
What has been accomplished?
The allies have failed utterly 10 pen
citrate or even seriously 10 weaken
Germany
Germany has failed utterly 10 strike
n decisive blow M any of her four chief
enemies.
The Franco Prussian war was fought
In forty days. when the French
army surrendered at Sedan AMI the
Emperor Napoleon was made prisoner,
Now, Mt tile end OF 5iT days. there
are two battle lines, 1850 miles long,
deadlocked al every point Nowhere a
decision. All the nations bleeding 70
death, none able 10 strike a decisive
blow.
The Germans have shown power OF
organization AZ home and a military
power in the field that the combined
armies Of Britain. France. Russia and
Italy cannot break
England has the command Of the sea.
And In all history sea power has never
! yet been beaten
Will Not Think OF Peace.
"Bulldog" England has lost many
battles IN 30 years, but has never ac.
knowledgcd defeat Brave France
has shown gallantry q unity and,
above all. steadiness and endurance
In this war worthy ~ her noblest ira
dltlons. Both nations ARE unwilling
even 10 discuss peace at the present
moment, because as long ms Germany
holds IN her armed possession nearly
fourtenths Of Industrial France. nearly
all Belgium. Servia and Poland and
part OF the richest industrial section OF
Russia she Is In better position 10 ne.
4 gotiate FOR peace than England France
/ or Russia