Newspaper Page Text
" '-'T - S
, ,V. ,,
tt THE BIG
By Dirid Loth. Jr.)
Net Ct nf ill war . IW.
'Mpccordinf to an estimate by
Uk.L8 w"" The iniireci c"
! M Weaipl to include certain intang-
''?'? "S economic well being and
'MMtelfic ofnnman refationshim-
k.irill never be known, even ap-
"T. what the world suffered.
JflaaoC hnaan life, for example, can-
ColdJr evaluated in dollars and
The lata was enormous, totaling
like 1Z990.S71 soldiers alone.
Bomber of wounded ii nlserd at 20.-
JWSl.making.a total casualtr list of
jSL lhe,,r'"W onlr 445 per cent, or
IWfll), hate been restored to normal.
Mtalneta, the remainder being totally
r partially incapacitated. Disease, Pol
and, massacres wrought terrible
htxoe anonar the civilian nonulation. and
pe estimate that they suffered equally
W the military forces would be rather
lower than otherwise. However, it is im-
' to determine bow much of this
Summer Excursion Tickets
On Sale Daily to September 30th.
Final Return Limit
October 31st, 1920
Two Trains Daily
For Information and Booklets, Address
C. L. STONE
Passenger Traffic Manager, Missouri Pacific R. R.
ST. LOUIS, MO.
We are glad to see the old students back' and extend a sin
cere welcome to the new ones. For the benefit of the stu
dents who are just starting this year, we will say that we
are the little Jewelery Story with the big reputation. Wt
handle the best lines of" Jewelry and Silverware and our
repair department is in liands of a competent workman.
We want; your business so, cut out this coupon and save 10
Per Cent on your purchase.
10 Per Cent
Rebate on your purchase, if you present this Coupon,
to Adams Jewelry Store.
This Coupon Not Cood on Factory Licensed Price Goods
18 N. 8th St Phone 1094-Black
The Street That Leads From
ATTENTION, STUDENTS !
8 Per ant
THE WORLD IN MONEY
is attributable to war. We know that
some diseases were more prevalent than
they would hare been, but no one knows
bow much more.
TALl'E or A HUMA1 UTC
Tire figures taken for the value of a
human life ranges for the six major
belligerents, from M720 fdr an American
to SZ020 for a Hessian, ruaicuiousiy
low as these figures are, the lowest is
taken for all the other countries. The
loss of life is thus estimated to have cost
the world S51,2?6J80 for soldiers,
and an equal amount for civilians. The
wounded and incapacitated are not taken
into consideration, but probably would
amount to much more than this. Human
being) are to the American invaluable,
n.l inv aifrmM to place a cash value on
the loss and suffering caused by the war
must be highly unsatisfactory.
Any attempt to tabulate the loss 'of
property is uncertain at best. In the
devastated regions of Belgium, France,
Poland, Rumania, Serbia, Italy and Aus
tria the loss is almost immeasurable. The
best estimates, however, place the total
property loss on land at about $29,960,-
Broadway to Courthouse.
wWWI, and some &800,000,000 for
snipping and cargoes. The property lew
fn """ among me countries
Serbia, Albania and Montenegro, 12,
000,000,000. tast Pryssia, Austria and the Ukraine, ,
1 Italy. $2,710,000,000.
British Empire. $1,7SO,000,000.
aojtr eirts met
ttte IOSS of Drndurtinn ! nlnf.,1 nt I
IOOXXUlOO. This item, t, is im- income tax was later revised and the
possible of even approximate measure-, rates were tared) increased. As the war
nen ince the whole industrial sjstcm progressed new loans were necessary and
ii0? has been run down and is a number tf short time obligations were
still paying heavily for the war. The to be met. A large amount was borrow
amount of war relief is placed a $1,000,- ed from the I'niled States when that
M)00 and the loss to neutrals at $!,- country entered the war, and a large loan
50,000,000. The United States pave for was floated at iHime. Taxes were in
war relief, $625,015)23; Canada. $91,-1 creased anil every opportunity for adding
750,000; Great Britain. $873062.028. new laics was taken.
Complete records are. however, nowhere t Ri,mU lIie Cljiki and ciril war
ODtainable. All these factors, under. ,!,,. fned conditions so unsettled
estimated and unsatisfactory vieid a total .i.. ...i. i- .i. : i .,. .1.
I ,. -
I inuirect loss to the world because of the
- oiDi.oiiMiaou. Hari ;, ,UInrii lo en,l for Kuvia in
These figures are so stupendous a to Marrlu 1917. her expenditures for war
K incomprehensible. Most of them are ere $22,Vt,930j000. Tlie civil expenses
vague guesses, no matter how expert the increased in this time $l,790J)00JX)0.The
guesser might be. .The whole of the in- debt of Russia is about $18,000,000,000.
direct loss which tlie wotld lias suffered i and the largest part id tlie remainder of
will never be known. Even vet we are 'the war cots is represented by unse
by no means finished with pament and 'cured paper money in excess of eight
the future generations Will continue ! billions. The retenue from taxation was
bear the burdens that fne )ears of con-' little imrea-l and the abolition of the
flict laid upon us. slate traffic in odLa made tlie problem
It is a relief to turn from the enumera-1 of eien keeping the income up to the
tion of all this horror to a consideration pre-war level a perplexing one.
of something that may be pat in mone- t u. $. P,D 4, much as as,T
tary terms. The direct costs of the war Ital)'s total war expenditures amount
can be estimated by deducting from the cd to $12,4 19,951 ,000. Of this, $3,053,
total amount raised by the belligerents ' 700,000 was raised in war'Ioans, $1,468,
during the war period their normal aver- j 511,000 by taxation and the remainder
age. peace expenditure. This gives a to- ( was borrowed from other countries on
tal of $186433,637,097, actually spent b) . short term credits at'home.
the countries engaged in prosecuting the I The expenses of the United States, al
war. The'direct cost to the Allies was ( though we entered the war late, were as
$125,690,476,497; to the Centrel Powers. large as iIiosa of any otter countr), total
$60,643460,600. Great Britain paid $43.. ' ling $22,623i32j3J3. Besides this $9,
763364,465, of which only $8,703,741,312 , 455,014,125 was advanced to other Allies.
was met by taxation, the remainder be-' The five liberty loans were all over sub
ing borrowed. .scribed. The rest of the expenditures
Economicists have alwavs argued that I with the excepticn of the amount raised
the most efficient and least expensive ' by war savings certificates, was met b
method of paying for war is by taxation. J taxation. s the war went on. the Unit
It was impossible, however, for . Sa" lme be largest sending
this war to be financed in lliat wav. b-i " Sla" became tlie largest spending
it is probable that Grea!, Britain did mil, country in the world. Expenses
especially in the first two jears of th "r f" $.71923 lo .more than
war, raise as much in thii way as tin 'or,v millrm.
should have done. England did not r Thr r t IVlgium in the neighlior
periment with new taxes but was con j Iwod of $3,000,000,000; id this amount,
tent to raise her revenue by increasing' $1,151,167,911 was Ion-owed from the Al
existing taxes with the exception of the ' '" 'I,e remainder representing other
excess war profits tax, which was a novel M" ntl fl"M an'' '' imposeil by
feature. More llian lialf of her entire German). TIieM figures do not in any
income came from this source and the ay include the proper!) loss and devast
income tax. lalion which was man) times more than
: THE METUOD OF lCtn I ' , . , , , , ,
Creat Britain inaugurated in 1917 wliat j . J"';"" "' " "'f t'tmSirt "
wa, known as the 'Dnimmond Kraser- V1" "'" ",fl'"1 W000-000-
Day-to-Day Borrowing." by mean, of ' Prat " ,,r,r r"Pil) that many taxes
which bonds and ar ainps certificates
were kept constantly on sale at various
purees and brought in on an average of
$100,000,000 a week. The national debt
was brought np to $35,055,123,155. The
entry of the United States into the war
i:i n . n..: r 5.i m
ponsibility. Not only was she able to , olh!r Pa""'0". 7,i . -a.000,000, she ex
borrow on her own account, but America P"' ,e,' "J'T " M"r T
assumed the burden of financing the ,han ,,,'m: In "JJ"T "V.'X b,'1 ,on.'
other All e. crc oan "T a'ies' "" "e"1 l5
Canada raised for war purpose, Lv , some m9r,l 19.925 at home. Cer
taxes and loans, $198,792.193. Five ,n3n 7'" , financial difficulty will
loans were floated at home and four7,ne '" ' future, since it ., estimated
smaUer one, in the United States. Can- ' ut .aU"' '" h'll.on, needed to pay
ada raised nearly all of h-r war expenses ' ,l,e ln,"c' on ,1,e JtU and ""l"n")'
by borrowine. the revenue for the nhole i . " . , .
fife years being increased but $263,92,- . . i .1 . . j
,m ' . . . .. 1 . , Inancial cundition hen the ar started
193. The customs duties had been Can- ... , , . . . .
1 i.r 1. e . - 1 t and throughout mss forced to report to
ada s chief reliance for taxation and a, ' , . . ..
.l mi 11 numerous tricks and expedients to raie
these feu loner and loner, income, ex- . V:vncnwi .1 . . 1
,. 11 . . 'the $20Jo22,9?Of)QQ the war cost it, al-
cess profits and luxuries taxes rre in- ,. T , 1 1 ul
j !mot all of which wa raided by borrow-
creased. . c . ,. ' .. ,
. ,. . 1 1- 1 inc. jecie payment was discontinued
Australia was in a weak financial con- , , , . r
... ... ., , , .1 ' pari j. and a condition of near panic pre-
dibon at the outbreak of the war, owmp 1 ,.J,I .. , , . r-
. .1. 1 j u. e .f r. "lulled all through the war.
to the large debt for public works. Dirr- . , ar . -r 1 r
, - , , r , ,. , J Tlie cot vl the war to Turkey is dif
ing the w she made seven loans which i ficuI , jt.mi Iilllf ,.
brought m th the help of borrowing, . rf rf
from the mother country, 51,194.019,225.
The revenue for the five-year period was
$229.168305; the total cost of the war to
Australia being J1.423J08JM0.
la New Zealand the most unique feat
ure of the financial situation was com
pulsory subscription. Taxpayers of a
certain income were obliged to subscribe
three times the amount of their land an 1
of this was met by taxation.
India made a gift to the British govern
r HMAMnm ii , -rt
ment of $500,000,000 as well as $l,2i9,-
r. , ". j r . ti
000 for certain definite purposes. The
, . i .. . v j i i
total cost of the war to India is placed
at $60127900. The Union c
f 'sonil. i
Africa spent about $300,000X100.
WHAT IT COST IHANCE
The war cost France in money, $25,-
M 2.787.800. Four war loans btour.nI to '
the treasury $IW1200000; revenues
$5231372,130. and the remainder, with
the exception of a $1,800,000,000 floating i
THE COLUMBIA EVENING MISSOURIAN, TUESDAY. SEPTEMBER 7,
j debt, was raw! by advances from thef
.banks of France and Algiers and from
tus united Males ami ureal uruain.
'Considerable financial embarrassment
Jvtas. felt in the early )ears of the 'war.
owing to tli small gold reserve, but this
va speedily remedied ami an enormous
inereae in the issue of miles stabilized
condition. It was at firt believed that
tlic var would be of short duralbn and
could be finsneed b adiancrs from the
Hank of France, but as time went on it
' was clearly seen that large loans and
heavy taxation was essential.
The war profits tax was added and a
number of other forms of taxation. Forra-
i ,r fM ,-, miMI ml tn sjtm rjicM
tl Im , mi.r,- limn flnnMfnl. Th,
nidi ,iiiiz tan 7 iiciniuiiiiii v ,u wc
acJn!u ,;,,! ,,,.. If, 10eer. the
were reduced and others aboIishetL The
losses to the other Allies is about $2,
000,000.000. CHUlsM MADE CREAT PIASIS
Germany had laid great plans for fi
nancing the war and although her ex-
nenditures were larger than those of any
tern. But it was about Sl.430,000.000,
of which $900,000,000 was borrowed from
Cermany and a small amount from Aus-
!tria- The remainder was raised by is
suing paper money. Only an internal
loan of about- $63,000,000 was made, and
that not untd 1918.
Bulgaria was the heaviest financial
i sufferer of all the belligerents, in pro-
i portion to her size. A debt of approx
imately 51.50X000,000 was accumulated,
whereas the total wealth of the country
I is estimated at not more than $2UUxju.
L -n i. i it... r- 7
sOOO. The Bulgarian debt to Germany is
C-rwvftv i -t i . t .i.
, K0,OP0,C00. whde a large part of the
V . , . . . l
is estimated at not more than $200,000,
remainucr is in paper money to me
amount of $500,000,000, which has de
preciated to less than halt its lace value.
JIOVIKS BOOST C001) ROAI1
Onr-Bwl Film fho Iltehnny Con.
Mntrllon orr I'nder Way.
The polling iwwer of the motion screen
lias tieen ltarneseil tn tlie tasic ot giv.
ing the bet roads
tlw Union. A
IWTTI 1I11II, tCltlllf 1IIC ttltriS UI1 dlfUUl
i r:t. sit. si. . ti -i .....
j liifliway coiMraciton iww umlrrway and
llic porwl roads pro-am for the future,
j hai jut In?cn produced for ibe Mis
souri Stale Highway Department.
This picture ill Ie shown in movie
t tlfatres ihrouphout the state between
now antj election lien road improTe
ment bonds are to be voted on.
i The film hows many of the Mis
'rvouii rtiad improvements now under con
struction, including those near St. Louis,
1 Kansas City, Springfield, St. Joseph,
t Joplin, Sedalia and Fulton. The camera
man visited Cole, Jefferson. Callaway,
! Gay, Vernon, Christian, Lawrence, Mis
Hippi and Scott counties.
In the picture otert Irani that thej
.Missouri Mate Highway Department has
laid out a 6DO0 mile system, with two
state roads in each county connecting
I with slate road in adjoining ronntie
cf fehirh 4075 miles hid Krca survey-
,ed Apgott 1.
A TTGT'DT A T A PVQ
AUtJ - lltlA LtLllVlJ
R. P. Brandt Writes of Con
ditions as He Finds Them
ON AMERICAN RELIEF
Country Hasn't Resources to
support Its Population,
Dr. L. II. Defoe of the University has
received the following letter from R. P. '
Brandt, a graduate of the School of
Journalism, now a Rhodes Scholar:
"I know that )ou are interested in
European affairs so 111 try to slip in the
little information i have and a few of
the observation I've made into this let-1
ler, which is written primarily that you
may know that I am traveling, and, in-
ridentally, slud)ing for 'schools' which
are scheduled to lane place June xz.
"We Ithodes Scholars have bad fine
treatment at the hands of the English
and American propagandists. At the be-iof
ginning of vacation I took a solo bike
trip un the Stratford. Warwick, Bedford,
clc over to Cambridge. Then Evans i
Rhodes Scholars from Michigan, and
I went to Essex on an English speaking
Lnion invitation and had a delightful and
"Because Austrian money has depre
ciated we decided to try Vienna for
the remainder of the vacation. We
crossed Belgium, which is in my estima
tion one of the most productive and in.
teresting countries in Europe, even
though the waiters and shopkeepers
short change you and though the public i
uujiuings air airociucs. in uooienz we
learned that the American soldier is rap
idly becoming a trifle pro-German and
Official Statement of tlie Financial
Condition of the
At Columbia, State of Missouri, at the
close of business on the 26th day of
August, 1920, published in the Colum
bia Evening Missourian, a newspaper
printed and published at Columbia,
State of Missouri, on the 7lh day of
Loans and discounts undoubt
edly good on personal or
collateral $ 83J97.81
Loans real estate 51,933.18
Liberty bonds 21,650.0c
Bonds and storks SJOODO
Oilier real estate 3Jlt81
Furniture and fixtures .... 2J00
Due from other banks and t
bankers subject to check 16,632,79
Cash Items 4,369.23
Other resources, as follows:. 26.73
Capital stock paid in $35,000.00
Surplus fund 2,000.00
Undivided profits net 3,56(U1
Individual deposits subject to
lo check 155,107.88
Time certificates of deposit 1,0169
Certified check 35X0
State of Missouri, County of Boone, ss.:
Ve,'iIrf 'T. C. Stone as president,
and Sara A. Hall as cashier of
said bankw each of us do solemnly
swear that the above statement is true
to the best of our knowledge and be
IRA T. C. STONE. Pres
Sara A. Hall, Cashier.
Subscribed and sworn before me, this
3rd day of September, A. D nineteen
hundred and twenty.
Witness my hand and notarial seal on
the date last aforesaid. (Commissioned
and qualified for a term expiring July
CALLA L GREENE. Notary Public
W. K. STONE.
LAURA C. STONE,
All Day Long
The Silent Hand
is pointing tlie way upstairs
TO THINGS YOU LIKE TO EAT
And if you follow the way up the broad stairway you will find
cool high ceilinged'room where service awaits you. And if
you belong to that class of students which likes to eat and eat
much we want you to sit down at one of our tables covered
with a snow white table cloth. You will come again.
"Just A'Step. From Anywhere"
rather radically .mi-Frrnch. (The sol-'do
dicr," officers and men alike, are having
the time of their lives. They are get
ttne enoneh mnnev tn live like nrofilrefs
and they are not over looking any cliance
that they might be sent back to bone dry
t..: ii.. nu i - .. M
rOOO IH CC1UANY SCAMY
vuq Mp u. Hum ,.u ,i , ...u. i
ich we were suspected of being ever), i
thing from American intelligence Offi. !
cers to milUonairet. Tlie food outside
of the occupied territory in Cermany is
somewhat scanty and lacking in variety,
Imagine making breakfast on two slices
of black potato bread, liverwurst, and
coffee' made of burnt figs, as we did
in a swagger hotel in Munich.
"Ti. rTn. iw... ti,. ..f, Kv rT.
Tying their bread and butter with them,
"In Vienna we found an old Rhodes
Scholar in charge of this mission, so
'when lie offered us a job pa) ing a thou-
j sand kronen a day, normally two Imn-
dreil dollars, we snapped up the offer.
"Evans has been made a superinlen-
dent of the warehouse and I hare taken
( over the office of treasurer and automo-
bile transportation man. My numerous
iconnicis wnn ine universuy outness oi
fice have stood me welL And after Mon.
roe's system of costfinding the keeping
these books has been almost simple.
'In this position 1 meet virtually a'l
of the Americans who have come lo v ien-
na and want to buy food drafts for rela-
tites or starvation cases the)' hare en.
FEED 300,000 CHILDSLt DAILY
"Nearly all the Americans, all of whom
have Austrian sympathies say this is a I
good country to get out of unless one
has an outside income. From this oCice
we feed 300,000 children every day, but
that doesn't help the men and women to
a great extent.
"The country hasnt resources to sup-
port the population and never did have.
"The surrounding countries like
Czecho-Slovakia are getting back at the
Austnans by declaring embargoes on all
foodstuffs and basic materials Coming
into Vienna on Monday rooming we had
spent the week-end at the former Arch
duke Karl's Tialace now owned by an
American syndicate we saw smoke com
ing from only two smoke stacks Tlie
factories had closed down because of no
coal and material. The only persons
making money are the bankers and
money changers Only the foreign mis
sions can pay living wages and if tliey
flU v models now.uponexmbition.- IS
I'A Pjjced.12tol9lcC m
I Kk Heberlings 1
BcVW Tlie only shoe store on So. 9th ---JB
COLUMBIA CATERING CO.
Lrl A lorLsnulIl worLfU ior lour ifui
Twenty kronen is less llian ten cents at
today r. rate ol exchange.
:.n ,iT.v "Ei
al auoui one lu.i -"-
l!..i it.si Is !, much when the currency
-- -- - - - - - t ,
lias brcn infialcl It.tly times atiove me
wrroal and wages raised only llitee or ,
four hiindre.1 x-r cent, flie 'r"n"'
i can't buy clothes with, suits at ouw
kronen and shoes at 3X00 kror.cn.
ms woaK at oxroED
-jf TOU perhaps know, I am taking
Il(. prclm;nary law examination prepara-
',ir) for ding for bistoo- The pre-
:r i...,Arv .viRitn3iiois necessi-
tales a knowledge of French and Latin
whereas the law preliminary calls only
f,r Latin in the foreign language pan-rs.
TJause of unee-tainty of standing as
a jun;ur or -njor student, from the point
f ,.;,.,,. f ,1(. preliminary examinations
t jktri a Irrm ai mv rector and tutor
W, 10Ught I would get senior standing,
yjx committee thought otherwise.
-l ilunrht I could ru-s the prrlimin-
Ever- ounce of HP Flour is real flour rich in food
value and uniform in quality. .
Our selection of only the hest wheat raised in Boone
County and our system of milling makes possible the manu
facture of this supremely satisfactory flour.
"HP Satisfaction" for sale by all grocers or call No. 9
Boone County Milling
and Elevator Company
Makers of Red Ring Feeds.
THAT Assisr RiS5 v&
iTAIlORED p K
IHIS w the world-famous HOLD -
shot; made - upon' a vronderlul new,
nrinr-inle It is TAILORED" tailored.
- . m.vwrmn . t - -
ias fine garments are iaxxajixjca. .cucu suuc(
represents 10j distinct operations and there, is,
a pattern for every last and for every part of
.every last. The styles" are more exclusive.;
The ."TAILORED" shoe in every way ii the
finest most comfortable and longest wearing off
any shoe you ever wore. Newest)
models now. upon exniouioa.-
W'Tj?l - atkn f prevfou.
j vv - . - j
. up awl speou "- o-".-
which I am now trying lo do.
"It's not an impossible taJt but rather
lied - r uu-: n , .
-IVint Kins is in
this part of the
I "a.ns , " .
world iieraisp'iere uiu m vijiwe -
; Njaj(1s wanlJ ro, to meet
iafon hut I fear llut I can't
. ., nn lix j... i prowoes.'
am Hying lo lo-
i H.ininare More Sella Fml Egvrs.
, Yittit eggs and liomemade cake in
on(. f the ttindows of Mathews hard.,
warP rton Saturday attracted the instant
i,nrutn of nassersbr who have been
, accustomed to thinking ofelectnc irons,
anJ MOe pipes in connecuoa with-hard.
Investigation p'01" ",at ,e ""P
ing display "was. made by the Bonks
Mothers' Club, for their annual benefit
for the Columbia Pubbe. Library. Ac
cording to those in charge food was
'being sold almost as fast as it could
1 - .1 1
Over WhiteigleiDairy I
ite&aBiHri , ,f.i