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Newspaper
Hershey Press
Location
Hershey, Pennsylvania, United States of America
Date
Aug 01, 1918
Page
5
Pessimistic comparatives argue the United States with resources around 250 billion dollars and annual earnings near 50 billion faces postwar costs near two billion yearly, while Germany carries a 30 billion debt, 4 billion postwar expenditures, and limited gold reserves, implying different but sizable future fiscal pressures.
Pennsylvania has sent 202 350 men into national service since the war began. Major W G Murdock reports 150 000 drafted for the national army 27 600 in the Keystone division 760 in the Rainbow division 15 000 in the regular army 9 000 in the navy and marine corps. Through July 15 there were 9 238 discharged for enlistment expiration disability alien status dependents commissions or other causes.
The United States extends $100 million to Italy and $9 million to Belgium, bringing total allied credits to $6.38 billion. The move increases financial support to wartime partners in Europe during the conflict.
A compiled table shows bonded debt rises from World War I across nations, with the United States and allies plus neutrals like Spain and Switzerland. The estimates total about 69.6 billion in funded debt, with possible 100 billion when taxes and unfunded floating debts are included, and Germany bearing the heaviest burden while spending more through city and state debts.
A republication quote recalls an anecdote from Senator George Sutherland about a Western railroad accident victim who walked with crutches after weeks at home. An acquaintance jokes about relying on the crutches while the injured man says his doctor allows it, but his lawyer forbids it.
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