Warring Powers Face Big Debt
At end of 1915 war costs reach over 26 billion dollars, with daily costs of 85 million and rising. The Entente bears two thirds of expenses, the Teutonic powers one third. Britain's taxes fund much of it. France, US production gains, and American finance fuel the global economy as stock markets surge and debt grows.
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J. W. Mason
United Press
New York
United Kingdom
Entente
Teutonic
Europe
Helfferich
Reichtag
Dr. Helferich
Germany
House of Lords
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Side Orther
France
United States
Booming 1915 Markets and War Loans Highlight Year
The year 1915 saw major gains in steel and auto stocks with Bethlehem and General Motors leading, curb markets thriving on war orders, and the Anglo French half billion loan shaping investor returns. Bankers forecast further expansion in 1916 amid war demand and industrial growth.
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New York Exchange
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American Can
Crucible Steel
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Bethlehem Steel
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The
Steel Corporation
Exchange
General Alexeiff Heads Russian Army in War Effort
Petrograd reports Gen Michel Alexeiff, though nominal chief of the general staff, is the real leader of Russia's armies. praised by allies, he reshaped discipline and strategy after years as a professor and staff officer. The czar remains nominal commander, while Alexeiff guided campaigns from Galicia to the Carpathians.
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Petrograd
Jan
Czar
Michel Vassilievitch Alexeiff
von Hindenburg
Alexeiff
Moscow
Nicholaieff
Duma
Russia
Golden Horn
Nicolates
Japan
Manchuria
Ivanoff
Galicia
Carpathian
Russian Invasion of Galicia and East Prussia Recounted
The report reviews a failed limit on the Russian advance into Galicia and East Prussia. General Alexeiff is credited with skilful retreat planning though not in overall command, with Gen Rousky taking southern leadership and Alexeiff reassigned north to halt the German push toward Riga and Petrograd. Optimism follows the crisis as Russians expect ammunition to hold.
MENTIONED IN THIS ARTICLE
Galicia
Prusel
Alexelff
Ivanoff
Rousky
Alexeiff
Riga
Etrograd
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