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1 Washington. D C. Jan 4.- Theworld war cost an amount equal to the entire wealth of the American nation. Figures now available revealed that, when the armistice was signed. J Nov. 11, war expenditures aggregated approximately f2iit.7SO.ooo.ooo. The wealth of the rnited States is estima- ! ted at $255,000,000,000Interest on this debt, based on the; latest reports from European coun- j tries, will total about $11.240.100.000 j a year. The interest rate averages • approximately 4*4 per eent in the countries which sold interest bearingbonds. 'f The central powers’ method of sell-} ing bonds made their interest rate a ! , little higher than that figure The apparent difference is made up by the i part of the war cost collected in taxes ; America's share of the cost when ac-1 tual fighting ceased was $21 000.000,-j 1000. but treasury officials said today t I that figure reached $24.4180.000,000 (when the new year began.! Germany spent $47,500,000,000 directly on her military program, reports from German publicists show. Of this sum she borrowed more than J $38,000,000,000 in long term loansThe expenditures oY Austrla-Hun-J jgarv, Turkey, and Bulgaria have neverl been separated in reports leaking out I through the censorship, hut treasury j | statisticians place their was cost at I$33,000,000,000. European estimates. I however, recently have been as high!as $37,000,000,000. for Germany's three!allies.
Newspaper Details
Muscatine Journal and News Tribune
Muscatine, Iowa, US
Sat, Jan 04, 1919
Page 5
Full Page
Clipped by
Musser P.
IA, USA 04 Jan 2019
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