Ogden Standard-Examiner | 1920-07-12 | Page 6 | Actual Cost of War to Europe Was 100 Billions

ACTUAL COST OF WAR TO e;j;:ope was ioo billions LONDON. July 13.- The actual cost (of the war to European belligerents w as in excess of C 2) nut), (inn iut, p p resented by property destroyed, losses iln investments abroad, depreciation of properties, and by pension:-, Bdgai Crammond, English financier, fold the bankers' Institute al a recent meeting here He fixed the following as Hie real (losses of the European belligerents Germany, 8,' 00,000,000, Prance. ! 6.250.000,000. the United Kingdom -C "..2oo.ooo.ono . itr.iy. j.ii ,o , Li Igium, .L .'..".o n ioo To onl two belllgeorni countries i the United States and Japan did the jwai bring prosperity, Mr Crammond 'said, but Spain, Holland, Switzerland, reece, and Scpndlnavla. also had 'grown wealthier He believed the 'liquid capital of the world, now difl tributcd in enters which are unac 1 customed lo the exersie of their neV powers" would eventually again find IU (hief outlet through London. "The war has produced an extraor- idinary change in the economic rela- j tions of tho United States with Europe." Eu-rope." he said. "Whereas in Ifi4 j America owed Europe 2,000:000,000 at resent Europe owes America! 2.000,000,000 I Assuming that Ihe post war pur-1 pur-1 Ii- -in-- i-.. - ; oi I . iolUir was To per :cent of Its pre-wai value, .Mr. Cram Imond said durinr, the past five year.' jthere had been rn actual Increa e in i the national wealth of the United I States Of approximately Hu per cent, and he estimated this wealth now in the neighborhood of 70,000,000,01 i 80,000.000,000. I The national wealth of Japan, he estimated, es-timated, had been doubled bv the war.