REARMAMENT AND CAPITAL
TO THE EDITOR OF THE PRESS. Sir,—The cablegram from Paris in "The Press" of Friday, relating to Britain's armament race, contains in the latter half of the paragraph as pithy a summing up of the armament question as one remembers seeing. It reads, "Britain, no more than Germany, can live by rearmament, which destroys instead of creating capital." Probably no country in Europe has suffered more from war in the last century or so than France. Thrift has become ingrained in the people, and such a pronouncement by the leading newspapers of that country is pregnant with meaning. It shows the folly of spending money at the wrong end If, the statesmen of Europe, putting their brains to work, lowered the tariff barriers between each country, at a less expenditure than the cost of armaments, there would be a flow of commerce and mutual goodwill engendered.—Yours, etc., E. M. LOVELL-SMITH. April 25. 1937.
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Press, Volume LXXIII, Issue 22080, 30 April 1937, Page 15
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156REARMAMENT AND CAPITAL Press, Volume LXXIII, Issue 22080, 30 April 1937, Page 15
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