Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-07-28
CONFIDENCE OF
FRANCE UNSHAkEN
DETERMINATION OF REPUBLIC TO
win WAR EXPRESSED BY
PREMIER RiBoT.
ENTRY OF AMERICA
EVENT OF THIRD YEAR
Outstanding Feature Of Events Of
Third Year Of Gigantic World
straightforward Finances mistaken
Despite Grain Drain on Resources
Problem Of Liquidation Not Alarming

Paris, July 2s.-France begins the
fourth year of the war in calm con-
,fidence and determination expressed
today by Premier Alexandra f. Ribot
in these words:
Until the people with whom we are
at war finally awaken and free them
selves from the detestable regime that
Expresses them, nothing will stop the
allies in their effort that will bring
back peace to the world by the tr1-
umph of their arms"
At the request OF the Associated
Press. the premier wrote;
THE entry of the United States into
the conflict that is pending in the
: world was the capital event OF the
third year Of the war. II was well
coined with enthusiasm by the allied
peoples. They know what may be the
effort OF the American soldiers who
have come to fight by their side.
.sThat event resounded nightly
turnout the entire world. Certain Lat
/ in-American states where France re-
ceived touching marks Of sympathy on
the day Of her national fete already
have shown. by breaking off relations
with Germany, that they had a clear
vision of the Germanic peril.
Greece, wrenched from the intrigues
Of a foreign faction. IS preparing TO
send fresh contingents to fight with Us
ON the Macedonian front The cause
Of national liberty IN all countries is
finding more ardent advocates who are
heard with increasing attention.
Enemy Wells Criminal Enterprises.
THE enemy, disappointed in MS in
sensate hope Of stopping ocean navi-
CATION, disiIlusioned in his effort to
sap the courage Of the allies by false
offers Of peace, can do no more than
to seek to envelope the origins Of his
criminal enterprise in q veil Of untruth.
May the peoples with whom we are
at war finally awaken and free them
selves from the oetestable regime that
Expresses them. Until then nothing
viii stop the allies in their effort that
win bring back peace to the world by
triumph Of their arms"
French Finances Unshaken.
French finances have been mistaken
by the war In the opinion expressed
to the Associated Press by Charles
eide Of the University OF Paris. an
eminent authority on economic ques-
Mons, discussing the outlook at the be-
ginning Of the fourth year Of the con-
iilct
.France. said N. Glide, has spent
about 10000, 000,o 900 francs on three
years Of military effort Yet in the
thirty-sixth month Of hostilities, the
French people are investing in short
term treasury bonds as freely as they
were two years ago, that is, at the rate
of about 1,0oO, 100000 francs a month
AS evidence Of the excellence OF
French credit, Mr.. Glide pointed to the
corporation Of the United States
which, he said, brings formidable aid
to France and her allies. This" ne
continued, mot only removes all doubt
concerning the result OF the war from
military standpoint, but relieves the
financial situation by diminishing the
drain upon French gold.
Liquidation Problem Not Alarming.
.sThe money which France has spent
to sustain her military effort inside the
country swells the figures Of her out
lay to immense proportions, but this
outlay can not be considered dead
loss except in such proportion as IS
spent for steel, explosives and other
material made 10 be destroyed. In
creased prices paid for every. com
modify, It must be remembered also.
has vastly increased the revenues OF
the French people. Before the war
these revenues were 30,000,oeo,G00 10
80, 000, 100000 francs. Now they are
10000, 600 900 francs annaully. These
figures show that, formidable as the
war debt may appear at first sight, the
problem OF its liquidation is not SO
alarming after all.
France can stand another year OF
war outlay quite as well as she stood
the third year. II would De embar-
RAISING for her to pay in gold for
everything bought abroad, but this
difficulty has been relieved by the
credit generously granted % the
United States.
No Nation to Be Ruined.
France will get thru the war fnan-
cially sound, Will reconstruct her In
dustries rapidly and her interior situ-
alton will be liquidated without caus-
ing any economic upheavai' Refer
ring to the situation Of other bellig-
erents. n. eide said:
Il do not think any country will be
rv11ed by the war. All are more or
less in the same situation as France.
The only real drain upon their re-
sources is what they pay abroad. The
best expenditure Is that which might
be called fctions; that is, the transfer
Of money from the pockets Of some
citizens to the pockets of others, a
transfer in which great many new
fortunes have been built up but in
which the real riches Of the country
have been left untouched
Referring TO the economic measures
to be taken after the war and to the
complaints by Germany of an effort by
her enemies to ruin her economically,
NJ. eide said:
THE talk of an economic war after
the beIligerents lay down their arms
has almost subsided. I consider it
neither possible nor useful for Ger
many to be crushed commercially. She
will be yanquished on the battlefield,
her military power will be crushed, but
she will be left free TO work cut her
q evn economic destiny"
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