Show THE COST of WAR WAB r because of its infinite resources I 1 its M ability to float loans lor for any amounts 1 and the cheerful alacrity with which r the t people permit themselves to be as 1 messed the united states has not yet f felt much pressure because of carrying aaa treat great war the stress will be felt 1 later la ter r on as the already enormous out t increases and a little friction growing gradually after it starts be r domes manifest because of the con stant drain upon those who in the end pay everything it Is quite impossible hajto tAJ to give anywhere near an am exact state wept of just how much Is being paid out oat to keep the ponderous machine 7 militant in operation but it Is alto wether kether something enormous the estl esti te of a week being it if ix 1 under the actual figure 15 while this country to is paying out so t f anch b however the one with which we I 1 t am at war is in desperate straits be L muse cause her ability to pay in run full has lieng km teen been exhausted what little cash jobje can raise has to go to those places riold ud persons where credit cannot be stained and without whose assistance abo war would all at once collapse ymass yi aSS means that her soldiers have to apt along with their old clothes with food and but little of it and no st ealr at 81 all because they would have cheng g to do da without arms ammuel ammini 0 boal oal and many other es the obtaining of which means cash on the nail furthermore her officers of state and the higher ones of the army and navy must have some money or they would soon sink to a level with the commoners and their authority would then speedily evaporate add to these the awful expense of providing the fighters with evan even the little that they must have to fight at all transportation etc and we have a total expenditure in cash amounting to quite every dollar that spain can raise by every means known to national finance the rest resl she goes in debt for not to those who advance money for there are no longer such places for spain but in concessions in interest and as previously stated to those who more than others should receive careful and constant con stanl attention the soldiers sailors and subordinates of the realm generally this and the other indebtedness united mean an amount altogether inestimable one so large that it can never be paid and to add to the seve severity of the situation the nations revenues from natural 1 sources from customs duties and taxation are hypothecated ted for many years to come perhaps if spain paid her obligations in full she would be expending an R mount amount equal to that which the united states Is paying for the war As it Is she is estimated to be paying about a month the statement Is 13 made that since april the bank of spain has advanced some on national matilon al treasury bonds secured by mortgage on the revenues and holds of the noted four per cent bonds on which more was advanced the latest quotations on these bonds in the financial centers of europe made the whole amount hold held by the bank worth some or more less than the amount on them by this transaction the bank will not be a loser by any means as 99 a at t first seemed to be the case unless the government should resort to repudiation dia dla tion which would not mot be an altogether new experience for spain she has received and given securities on her revenues for with interest added the whole of which even with the excessive frugality being practiced cannot carry her further than the first of september perhaps not so tar flar this is not all of finan financial clail woes boes by many As additional evidence of good faith the government has allowed the bank to abnormally increase its issue of depreciated cur rency by means of which that concern itself la Is looked upon as being in a decidedly shaky condition and may collapse at any time thus does it appear wat the cordon of complicated ml misfortunes asfor narrows its lines about the doomed nation making its fall plainer to behold with each succeeding day it would no doubt be the most merciful thing that could happen if the end were to come at once while there Is something left to begin anew with otherwise there may when the flattening out has reached the finishing stage be that condition of things prewar could only mean the end oj of spain figured by crispi when he said that the financially the end is at MY hand a few months more of hostilities must assuredly edl y be to her such a fall as was that of lucifer one from which there will be no arising arl sing |