The Washington times., 1938-09-30
War, Inc. c.---Analysis for
Investors

Investors
JUDGING from Fred Pasley's current articles on
81 of the First World War and probable costs of the
second, reach the conclusion that War, Inc, does
offer the attractive opportunities to presentday
investors
The firms chief products-corpses, wrecked buildings
ruined farms, smashed forests and waterways and rail
roads and bridges-have little value on
us NOt current markets
DI,o IL;a Further this companys costs per unit
of production unwarrantably high
though does not appear how, in the present era of
scientific progress those costs be materially de-
creased. Indeed. they far likely to go up.
Still further initiating against reasonable profits for
investors in War. 1nc is the fact that the firm is
tnuously forced spend which must be
charged off research breakage and sheer waste with
out single marketable corpse chemical value 98c) to
show for it.
For illustration, let consider the apotheoss the
greatest single achievement to date of War, Inc
namely the big Krupp gun which bombarded Paris in
the last year of the First World War from distance of
eighty miles.
Devised by the German branch of War; Inc this type
gun fired 5000 shells Paris between March % and
August 9, 918 cost of $l40OO per shell. total
of $7OOOOO0O Only 32O of the shells reached the city
of Paris and only 1000 corpses produced plus
unimportant damage 10 buildings
1t should be pointed out oo that of these corpses
losses rather than profits to the German branch of
War; Inc. being those of old persons chidren-who
not combatants and Who while living ate food which
could otherwise sent to soldiers of the French
branch of War; lnc then fighting the German branch
Mr. Paisley is expected to into the question, raised
by many observers whether War; Inc s profits may not
be stepped up and its losses cut down by the aipane
1H:I1 H. A:z Frankly have
~ 'nc ~" PI",o0 doubts. A good bombing
IeAU DtOIUeIIUo' planes initial cost is around
$25OOOO The upkeep is high, the depreciation swift
assuming the entire property is not suddenly lost in
fight with hostile planes spray of antiaircrat bullets
from the ground For every fer in the air there must
be three to arforce operatives the ground Air
plane ammunition costs enormously.
World War; Spanish war Chinese-Japanese expert
all goes to show that the arpane does not yield
couragng profits either from copses and ruined property
from destruction of enemy morale.
War, Ines balance sheet from the First World War
shows little to this stock the prudent in
vestor-or indeed to any but the most carefree spec
uator
cost the German branch of the company about 900
to produce Allied corpse When the American branch
became active in the third year of the the cost to the
German branch of American corpse went to $4,000
The French and British branches forced to expend
$4,000 for of the 34OO00O German, Austrian
Bulgarian Turkish corpses they produced.
Per-corpse costs (chiefIy Grade A German military
corpses) to the American branch of War, Inc,
to the alarming figure of $55OOO-though it must be
conceded that had the war lasted longer, American
corpse production efficiency might we'll have improved
and unit cost of production have gone down.
To produce corpse by airplane is now estimated
to cost high $4,000. Mr.. Paisley will present
detailed estimates for the benefit of investors at
early date. Early estimates of the engineers to
airplane per-corpse costs appear to have been
sanguine.
Altogether, it looks if bankruptcy and liquidation
offer the best for War, Inc AS business, it
promises to continue in the red.
Ii would be profitable to both
OHggeSLeO contracting parties if, for
CLo+:t,4 ample, the French should offer to
deliver, F. O. B. No Mans Land,
1000 assorted French civilian cOrpses in exchange for
the $7O 100000 it cost the Germans to manufacture
them by of the big Paris gun
This process, repeated necessary would bankrupt
Germany just the First World War did and it would
save the huge overhead operating, incidental and
amortization charges under which War, Inc,
staggers.
tFro~ the New York Daily News
Fish in Rock Creek