The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1917-04-10
COST OF The GREAT EUROPEAN
WAR PLACED At 66 BILLIONS
Almost the Equal of one-Third the Entire Wealth Of Tho ,.
states Swallowed Up-May Reach s1ooOoo ooo ooo u'eu
Next Year-Aong With This Loss of Substance
Goes Frghtfu Loss of Life.

-. ~. beginning Of 1917 places it at n
III ~ above S2O0,000.0 100000. A care.
~ :, estimate of the cost of the war
avn TO the beginning of the spring
ssr,naign Is $66,000,000,000.
r other words, almost exactly one
.,,rd Of the total wealth of the United
s..tes by far the richest country in
NJ world, has been swallowed in the
~oraeious nav of the war monster.
lsa matter of fact, this does not
nsarly represent the total cost of the
-.r "a the world. Aside from the ex-
sonaitures of Great Britain the de-
aondencies representing the outlying
annre have all incurred tremendous
.osts bv their part in the war. The
rujted States added more than one
half TO Its annual expenditures for the
sscal year 19l6-17. chiefly by reason
II the war. All over the world coun-
rios have been increasing their ex-
nenditures in order to carry their part
n the burden which the war has laid
anon the world, while the greater part
II them have been suffering and are
more or less impoverished because of
the dislocation of economic processes.
And there is yet, by common con-
sent in all probability at least another
year of war ahead. If the struggle
continues to the spring of 1913 it's
cost TO belligerents and neutrals will
by that time probably be estimated as
high as S1O0,OO0,00
Appalling Human Losses.
Along with this loss of substance
goes a frightful loss of human re-
sources millions of the best man
hood Of the most highly develop ped and
productive countries.
II Is impossible to realize the mean
Ing of the figures which attempt to
suggest what the war is costing
Statesmen of Great Britain, France
and Germany have recently been warn
ing their peoples that after peace is
declared the war basis of expenditures
will have to go on for yet a long
time.
1t will be impossible Immediately TO
demObilize the armies and return them
to the business of production. The res
toration of something like normal con
dtions will probably require, in the
view of those authorities. as long a
time as the length of the war itself.
OF course as the process of demobiliza-
ton goes on and conditions are re-
rod a I'd
nal the extraordinary expenses will
be In progressively diminishing vol
ume.
The wisest men, the ones in posses
sion Of the fullest information on
which to base judgment, shy at every
attempt to lead them into discussion OF
the situation which the European
world will have to cope with after the
var.
Bonar Laws Reinsurance.
Bonar Law, chancellor of the Brit
lsh exchequer and a cool-headed man
Of affairs, who has no disposition what
ever to fall into panic. has repeatedly
admitted that EngIand's rate of eX
penditure could by no means be car
ried on indefinitely, though he has al
ways coupled this with the reassur
Ing insistence that Britain and her al
lies could stand the strain longer thar
her enemies, and that therefore they
we're bound to win.
At no former time in the world q
history was war so much a question
o. economic power as now. The on
Nsllhable and really worth while par
aLel which history presents to tn
PRESENT struggle is of course found il
me wars of the French revolutionar.
ana Napoleonic periods.
Bonar Law has assured the Britis
Aation that in the opinion of himsei
and his colleagues in the government
Ine empire will as easily bear the bun
uens of the war as it did those III
posed BY the Napoleonic struggles. Ii
ueed, the example which was tul
Mshed by the Napoleonic struggles G
now great nations absorbed over a p'
nOd Of years the tremendous losse
aused In such a struggle, is the on
Wng which furnishes reassuranc
AUG encouragement to Europea
statesmen as they contemplate the bu
ven which they are piling up for II
mture to bear.
England as Debt Reducer
After the Napoleonic wars Englan
pretty steadily reduced from year
sear the principal of its debt, and [
successive congratulations was az
aso greatly to reduce the rate OF /
1est. The marvellous increase
seaith, the expansion of commerc
ne great development Of the merca
Me marine, the profitable opportut
s Tor foreign investment that we
aofued BY the development all oV
~ world not only Of British coloni
| ~. OF independent countries provide
s.ain with the opportunity TO
1 aabilitate Itself.
nut the experience of France foiio
the Napoleonic era was difterei