BANKRUPTCY AND ANOTHER WAR
The Cologne Gazette. explains as follows that Germany could not even bear the result of. a ‘‘drawn war”. —“Even a premature conclusion of peace, without a proper decision, would for our people be' equivalent to a defeat. Our people would have to bear enormous burdens, and it must not be forgotten that the decisive war would have to be fought in a few years after a short peace pause. If our people had to cover the interest on our loans, provide for the disabled soldiers, think of the widows and orphans, and at the same time appropriately arm for the coming war, they would have, according to a superficial calculation to provide every year a sum of about £750,000,000. This sum would have to be realised by taxation. And in addition to the almost intolerable burden of taxation we should have the disturbing expectation of the decisive war. Who could accept this? Hard though the sacrifices for our people may now be, what we have to do is to hold out and win the prize of victory.
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Southland Times, Issue 17918, 25 April 1917, Page 3
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181BANKRUPTCY AND ANOTHER WAR Southland Times, Issue 17918, 25 April 1917, Page 3
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