The Bridgeport times and evening farmer., 1918-08-01
INTEREST ON GERMAN DEBT

% HAN ARTHUR BRISBANE the journalism of the world
 holds no better equipped economist one more ia ar with modern ideas of the structure of national ndus try MT. Brisbane, writing today, says:
 important of aL perhaps this: All the taxation rais-
 ed in Germany is enough pay debt
 You can imagine
 entire income his debt Jail
 poorhouse him.
 Nevertheless financial situation of nation is most like that of individual nation will neither go to ai to the poor house.
 The Germans have provided for the cost of their in four chief they have footed other naons they have borrowed from other nations they have taxed their pe and they have borrowed from their people.
 The German people produce certain goods necessary for their civil support and the support of the The German government from year year. takes part of these goods by the process of taxaon and another part by borrowing
 The amount borrowed and the interest the loans have almost nothing to do with German fighting The mpor- an facts willing and able to fight and the presence of the goods to sustain hem Germany losing men, lacks cotton rubber wheat fats os meats and many other things Here the of her weakness the defects by which defeat will arrive
 distinguished Frenchman in booklet issued under hory of the Connecticut State Council of Defense and quot ed The Times has considered the financial situation of Germany with the purpose of proving that the Kaiser has largely paid for the with the proceeds of his loot
 What in fact is the German domestic debt It the of money of the quantity of goods taken by the government during the period of the mostly from the stocks produced Germany Most of the goods taken produced by the not engaged in fighting and produced since declared.
 How disastrous the German debt may prove to be depends somewhat upon how German affairs managed All of the German people remaining after the war; assuming that the German poy is not annhlaed by the Alies should be able to produce within five year period in of their ordinary needs quantity of goods equal to those used for the which taken by axaon and used discharge the debt would readily do
 What said about the Geerman debt Is equally true other deb Up to this time there is nothing disastrous insany of the war debts.
 Disaster faces Germany for far potent thar interest debts Men like to live, Germans slaughtered by hundreds of thousands Men like to eat but hungry. Men like the comforts and uxures of fe but have few Their will to fight is being In Russia German leaders destroyed by assassna on in Prussia the German people perish by starvation; the front they perish by vaor of Americans French and Brit sh they go rapidly to place where there is borrowing and lending national debt and worries about inter est Their living will to fight depends upon life and food the presence of the materials of modern
 The idea that he will not be repaid is of imporanc doubt to Germans but not important the idle that he may not live, which all Germans have who live the fighting
 Other Germans will have the idea when the Amer ican air ships arrive in numbers dropping upon Berlin thousand charges of T. N T. each day in the year. porant of all the interest the German debt process by which the German Twill to fight ground away