The Bridgeport evening farmer. [volume] (Bridgeport, Conn.) 1866-1917, 1917-07-28
FRANCE IS FAR
FROM BANK RUPTCY
BECAUSE OF. WAR
Finances u mistaken Says
Charles Gide,and Credit
Remains Good :

Paris, July 2s.-Ffench finances
have been mistaken by the war in
the opinion expressed to The Assoc
University of Paris, an eminent au-
thority on economic questions. dis
cussing the outlook at the beginning
Of the fourth year OF the conflict.
France said M. Glide, has spent
about 10000, ooo,o on three years Ssof
military effort. Yet in the thirty
sixth month of hostflities. the French
people are investing in short treasury
bonds as freely as they were two
years ago, that is, at the rate of-about
/, 900, 900, 900 a month";
AS evidence of the excellence of
French credit, M. Glide pointed to the
Incorporation of the United States
which, he said, brings formidable aid
to France and her allies. This he
continued, mot only removes all douEt
concerning the result Of the war from
Ia military standpoint, but relieves the
financial situation by diminishing the
drain upon French gold.
THE money which France has spent
to sustain her military. effort inside
the 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.
Increased prices paid for every COM
modify. it must be Remembered also,
has vastly increased the revenues eof
the French people. Before the war
these revenues were 10000, 900, eee to
So, coo 900, 900 francs Now they are
| sc, 600 900, 900 trans annually 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 yeartrof
war outlay quite Is wei as she stood
the third year. It would be embar-
RAISING for her to pay in gold for
everything bought abroad. but this
dificulty has been believed by the
credit generously. granted by the
United States.
France will. get. through the war
financially sound, will reconstruct her
industries rapidly And her interior
situation will hs 1fauidated without
causfng any econofnie fIpheW - Re-
ferring to the situa1ien of other bel.
ligerents, M. eide said
..t do not think any country win be
ruined by the var An are more or
/ less in the sans sItnation as France.
The only real drain 1pon their re-
sources is what they pay abroad. /. The
best expenditure Is tnaa5 which might
be called fictions, that Is, the. transfer
OF money from the pockets 6 of. some
citi.ens to the poekets of others, a
transfer in which great many new
fortunes have Sssn satlt up but in
which the real riches {of the cyss..ss-s
have been left ufItoifehed. -
Referring 70 the economic measures
to be taken after etiie war and to the
complaints of Germany Of an effort by
her enemies to tuin her economical y.
M. Gids*afds Ffsaa nsF ss..ss.aSs4Els
1.-THE talk 2of an economic war after
the belhgerentss law down their arms
has been stissiSfsd. consider II
neither possfble nor useful for Ger
many to be crushed commercially. She
will be vanqulshsd on the battlefield,
her military power Se41f be crushed
but she will be iSft ffss to work Out
liner own economic destiny.