New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-09
War Loan Urged To Meet
Allies Rehabilitation Doh,
French Economist Would Have Nations Pool Tb.,.
Obligations and Unite in Raising Funds for R..
construction of the Destroyed Territory

All European countries pay it. Int :.
more heavily than France, wIsr NV !. aa's
IS not only a slackening or stans.a.:aass
the growth of the population hs.
certain times, an actual denorr,ass
The situation is then most ser;o saasaol |
this problem dominates and ;n SSs az +
all others. '"''ueness
Diminished by warfare and a
direct results of the war t I.u Ihe il
ing of life by privations. pai ,S'. :.
grlef' lack of attention, captivity a. ~
what VIII be the population of NY
after the war? AS a rough estim. ssasa
may be said that it will have s snsas
loss of 100000 to 5000 O00 and snds as
be reduced to $4,000, 600 or 81 ana I oa VI
III France wishes to carry e nv, v
work OF internal reconstruction Nv, sas
maintain her world position sha s
have, before all, to remedy this a.. "
Two methods offer themselves tb hwy
of immediate effect. and the other ~, w
a longer period OF fruition. The s.
is found in immigration or the CONE
walton of the foreign elements ws.,
had come, even before the war =, ing y
the voids left by declining ponnls,;.a
The second is by ENCOURAGING ~"
creasS of our national populat;or
Remedies Are Suggested
at has been demonstrated that =.
diminution of population is OWN, :.
the decline of the birth rate. This
a voluntary matter, and is duo 10 L
multitude of psychological, econors
and social causes which it would II
futile to analyze. The remedies IN /
attempted must be sought in djfer~
directions, such as the diminution n
the heavy charges which rest on ls,s'
families, particularly by extending III
fiscal legislation, already tifnidly jnje
ated, of generating families fra,
taxes; modified succession duties fgl
large families; direct encouragem,s,|
by a premium on births; or even bv !.
entire social policy directed to this I'M
The state might undertake the edua.
ton of children from the creche. ybsn
the mother who is obliged to work d
posts her infant, to the school wke,
he Will be educated. In word MI
procreation of children which is Il
increment of power to the state, shOul
cease to be such a source of expeus
and taxation for the individual as II
cause him to renounce il.
'All the nations will certainly con
to understand the gravity of this prsU
lem and to seek for a solution.
'For France. however. the danger
not one of the future, but is presr
and acute, and all means should i
taken to avert it,"
On the financial problem NJ. DUAL
says:
with large part Of her soil ~
aged and dangerously stricken in III
vitality, France will be face to f,sI
with another series OF difficulties II
nature TO precc cupy her and thres
enlng to place her in state Of III
feriority-that is, the financial situt1
ton. On the eve of hostilities Fraaal
haG a regular budget Of 5,37S,OOQl0e|
Francs. Her debt was some S4OOe,
0O0,000 francs, but her wealth enabls
her easily to support this burden The
heaviest in the world per head of pog-
latlon. The war has greatly increase
its weight. Now it is 1270o0G00, Oh
francs. The annual charge for inter
est, which was 1,037 900 600 francs, hal
row reached 5,106,000,000 francs-thi
is. as much as the entire former BIZ
get. To this must be added 9Sz-
100000 francs Of civil expenditure s.
much of military expenditure and agar
as much to reconstitute the inya3a
districts and to pension the civil al
military victims of the war. Thu
the annual budget of France will n
about 16,500 100000 francs. which Vi
constitute an annual charge Of vi
francs per head, in place Of 1877 frana|
New Financial Policy
THE return TO normal conditoa|
viii necessitate financial policy II
rected to the equitable apportionig
the burden among the different Ell
ments of the population in order nj
TO dry UP the sources of revenue. Ihs
policy, from the internal point Of Vle'
must pursue a threefold object. Fns
to act on the monetary circulated
within the limits in which it is ~
cause OF the rise of prices. Second, 4
encourage economic development, an
particularly production, IN order to u
crease the means OF fiscal contributor
Of our citizens. Third, to ADOPT
fiscal policy which, without oppressIn1
the poorer people or exhaustng nss
cent wealth, shall hamper as little 4
possible the stream of wealth at N
moment of its production or CONNER
cial transmission. Thus put, the pref
lem has the appearance of parsdo
and no doubt it does not admit Of =
absolute solution, but neverthek'1
somewhere in this direction soiuV'1
must be sought.
VIII Help Taxpayer
This is Only the first aspect OF ''|
oroblem-not to crush the French ~
payer; and 1t interests France on'
But there is also another aspe.
France as a liaticn has financial ies
tions with other nations. What WI
they re after the war is over?
''rhe war VIII leave to France 4
encumbered inheritance. From cls9
itor country with favorable exchal!|
she IS become debtor; her dept D.
Increased and her exchange has qep]
ciated. Her commercial balance y
comes more and more negative OIL
Her foreign securities, once the sour
of important revenues and CT ia'.
able balance. have met with aaFe'
fortunes.