El Paso herald. (El Paso, Tex.) 1901-1931, 1918-07-20
AMERICAN ECONOMIC AID TO ALLIES
HELPS WIN WAR AND WILL CONTINUE

or EQUAL importance With the military aid which the
- United States is beginning to give the entente
the economic assistance which country has afforded
in most critical times. Food and money indispensable
in carrying the var At the time Just preceding the
entry Of the United States into the world conflict Andrew
sonar Law cnanelor OF the exchequer stated privately
that be unable fOresee where Britain
uue raising the immense sums necessary to finance the
British effort and at the same time keep up the financing
Of weaker allies Up that time Great Britain had been
to large extent, banker for all the other allies notably
Tor Belgium Italy Servia and Montenegro, and to less
extent for France.
The United States has taken over the role Of banker
Out Of immense financial resources country has
loaned the allies more than 100000 I'D to the present
Six thousand million dollars a veritsbe mountain Of
money has given the allies the financial resources neoes
say rsPleHish their dvindng Of money
and keep carrying on" Their financial systems
remain stable It is not with them with Germany and
Ausraungay, II which countries the financial structure
has been seriously undermined by the conscaOn Of gold
for government in making payments in neutral
tries and by the substitution of paper therefor
suggestion has been made that at the end of the
the United States sponge off the slate the loaned
to the allies freeing them Of the obligation Of repayment
fitting recompe1se for the protection which they have
given the United States from the German military menace
Such service cannot be measured in money but neverhe
less the suggestion is very pleasing one notwithstanding
the obvious practical difficulties in carrying Il
As important the financial aid to the allies has been
the aid with food While the submarine at
its worst while Germany was gloating the prospect
Of humbling the United Kingdom and France through
starvation, food shipments from the United States de-
le-lea tae enemy PIoecL me task IoT time seemed
impossible Last winter when food administrator Herbert
C. Hoover cabled the British controller vscoun
hondda that America had shipped the last Of the wheat
and that any further shipments must come ont
Of the voluntary sacrifices Of the American people, vsc0unt
Rhondda closed his desk and exclaimed his subordnaes
@Ihe is We beaten" He did not realize
what the voluntary ratoung Of the American people could
accomplish Since then enough wheat has been shipped to
England TO keep the people in bread-mosty potato bread
not bread Of the quality eat but bread nevertheless
In the fiscal year which ended June so the United
States shipped to the allies S40ooOoOO0 worth Of food
stus The shipments of meat alone totaed 3011 10000
pounds So much bacon has been shipped England that
recent announcement in the London Times stated that
bacon had been taken off the card that IS that it
could be purchased without the detachng Of coupon from
the meat card Enough beef has been shipped that the
restrictions Of beef have been materially ghtened
The supply has become sufficient, although the quality,
apparently has not always been up to the standard This
due to the fact that beef has been frozen prior ship
ment and ships used to transport food supplies have
not been equipped with proper rergeratng facilities to
keep the meat in the best condition. Nevertheless little
Of 1t has been actually lost through becoming unedbls
France also is receiving great shipments Of food from
the United States, especially Of meat products But
France has not been dependent upon Great Britain
which has leaned heavily upon the United States and
probably VII continue to do while the lasts until
The rate Of ship construction far exceeds the rate Of
submarine snngs that ships viii be available to trans
port supplies from Bans far off colonies such as Aus
aa and New Zealand where wheat is piled high in ele
7stors.
Not only the civilian populations Of the allied countries
being fed by the United States The American people