Ogden Daily Standard | 1915-08-28 | Page 10 | Alarming Will be War Debts

ALARMING WILL BE WAR DEBTS Amsterdam, via London, Aug. 2S, 4:18 a. m. The Berlin Vorwaerts in discussing the new German war loan directs attention to what it characterizes charac-terizes as the alarming financial situation sit-uation which Germany must face at the conclusion of tho war. "After the war," says the paper, "the imperial debt and pensions alone will command an annual expenditure of at least two and a half billion marks, ($625,000,000) or a little less than tho united ordlnnry and extraordinary extra-ordinary imperial expenditure for 1912. In other words, the income of the empire hitherto will only suffice to pay the interest of the national debt. For all other expenses new sources of taxation must be created. Whoever remembers the taxation controversies con-troversies of 1908 and 1909 can easily easi-ly Imagine into what internal political politi-cal difficulties the war is leading us."