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Show 000,000,000 annually for the next throe or four years. . Interest on the amounts loaned our allies will probably reach half a billion dollars. The rest will have to be raised by taxation and the sale of bonds. But we shall, be compelled com-pelled to lend still more money to the allied nations. These nations, however, will pay the interest and we shall merely mere-ly be using our credit for their good. The bank rates on loans will inevitably be higher than before the war, but we do not anticipate any trouble in getting money from the banks in the recoustruc- tion era provided the collateral is good. jThe bankers probably know more about !the financial situation than a layman jean learn by studying reports, and, so ifar as we know, thoy are very well j satisfied with the present outlook, con-jsidering con-jsidering all the circumstancos. In nny event, the position of the United States I is much better than that of any other I country, belligerent or neutral, and we dare say wo shall continue to lead the ! procession for many years to come. FINANCIALLY STRONG. While the money needs of the government gov-ernment will be very great for the next few years, with the certainty that bonds to the amount of several billions of dollars' dol-lars' will be put upon the market in the course of the next few months, the close of the war finds the United States in an exceptionally strong financial position. posi-tion. Both taxes and prices for commodities com-modities will be high for some time to come. Wages will also be on a higher level than in ordinary times. But the fact that our credit structure is very sound will tend to keep everything evenly balanced. The gold standard has been maintained and there is no danger of inflation or of a depreciated currency. cur-rency. The war has produced a great economic change in the country without doubt, but, under our new currency system, we are emerging from the struggle strug-gle with both hands full. In discussing the financial outlook, the Guaranty Trust Company News of New York says : "The government has followed a sound financial ' policy based upon a taxation program which has given a sound basis for the distribution of government gov-ernment bonds. It is safe to say that the credits which have been created for war purposes will be liquidated at the end of the war, because they rest at last upon the credit of tho government. With the concentration of more than ! $2,000,0(10,000 of gold in the possession j of the federal reserve banks, and with I a reserve of 51 per cent against all liability on October 4, 1918, and a re- j serve of 09 per cent against deposit liabilities after providing a 40 per cent reserve against federal reserve notes, there can be littlo doubt of their ability to liquidate the credit structure without with-out endangering our specie basis. Secretary McAdoo estimates the government gov-ernment 's money equireinents at $4,- |