Bisbee daily review., 1917-07-29
FRENCH FINA VICES
 UNSHAKESY BY WAR
Nation Will Get Tn, ough War Financially Sound and He- construct Her Ina 'ustrles' Declares Paris Autha 'rity.

PARIS, July 2S.-French A lahoe' . Q been unshaken by the war Vh the oni,n on expressed to The Assoc 'a'su press by Charles Glide, of the Uh. "ei, .;t, of Paris. an eminent authority ou economic questions, discussing the D ,,, ,ooe of the beginning of the fou '. U" year of the conflict aFrance" said M. Glide, has spen anout 10000 .OOO.OOO on three years oi military effort. Yet in the thirty-slxlh month of hostilities. the French peo- nle arc investing tn short term treas urv bonds as freely as they were t"o wears ago. that is, at the rate ot aDout 900 900. 900 a month-' ..
 As evidence of the excellence ol French credit, M. Glide pointed to the co-oneration of the United State which he said. brings formiable aid to France and her allies. This he con tinued. mot only removes all oouUt concerning the result of the war rom a military standpoint, but relieves the financial situation by diminishing the drain upon French gold.
 sThe money which France has spent to sustain her military effort inside inc country swells the figures of her outlay to immense proportions but this outlay cannot be considered a. dead loss except in such proportion as IS spent for steel, explosives, and other material made to be destroyed. ln- creased prices paid for every com modity. it must be remembered also, have vastly increased the revenues or inc French people. Before the war these revenues were 3o,OOo, ,OO0.ooO 10 35. GOO. .O0O. 900 francs. Now they are 50 coo. .OOO. 900 francs annually. These figures show that, formidable as the war debt may appear at first sigl"' the problem of it's liquidation is noC so alarming after all.
 France can stand another year of war outlay quite as well as she stood the third year. It would be embarrass- ing for her to pay in gold for every thing bought abroad, but this difficult ty has been relieved by the credit gen erously granted by the United States
 France will get through the war f. nancially sound, will reconstruct her industries rapidly and her interior sit nation will be liduidated without caus- ing any economic upheaval." Refer ring to the situation of other belliger- ents, M. Glide said:
 'I do not think any country will be ruined 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 base expenditure is that which might be called Actions; that is. the transfer of money from the pockets of some citizens to the pockets of others, a transfer in which a 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 10 be taken after the war and to the complaints by Germany of an effort by her enemies to ruin her economically, M. Glide said:-
 "The talk of an economic war after the belligerents lay down their arms has almost subsided. I consider it neither possible nor useful for Ger. many to be crushed commercially She will be vanquished on the bat. tlefeld, her military power will be crushed. but she will be left, free to work out her own economic destiny