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the st john's daily star newfoundland volume 1 3.00 per annum friday december 24,1915 price one cent no 211 i 1915 slssa 1915 will keep the lid on hun commerce british ivill see that the germans get little chance to again challenge the empire's com mercial supremacy — a heady planning for the new order that will arise after the war iondon dec 23.-as far as com j merce is concerned germany is a beaten nation and it is for us to see j to it that she does no recover wal er runciman president ot the board | of 1 rade told the house of commons this aiternoon reviewhrg the steps tak j en by the board for re-organization of j british industries after the war there is scarcely a department in public life runciman said about which we have pot been thinking 11 what likely will happen when the war is over and how best to prepare tor 1 luture contingencies all changed nothing in commercial life will start off when the war is over in the same condition as when the war began and in every one relationship with the central powers and zollverem is | bound to conflict with our interests subjects which the board of trade was special vestigating among them being owner ship of real properly by aliens runci man instanced the danger of such ownership stating that he knew one coal field in the midlands owned'by germans and trading under an : iish title which now was idle that the british were prevented from exploiting the coal field he added that this cannot continue after the war remove german competition the board is aking great care to al j low no german to stand in the way of j england we are not going to be es j pecially tender to the germans run , ciman specially referred to the german | control of oil-fields in europe re i marking that this raw material was of uch vital interest to britain that the board was taking steps to see how much of german control of this pro duct could be transferred lo britain so that the lalter's merest would be safe-guarded continuing he said that german trade in south america and in the east has received a serious blow and it is the duty of the board to see that uor business men have every ad vantage runciman referred to indi cations of a belief on the continent that britain is thus looking thead was mcined to-think of the return of her commercial prosperity rather than throwing ourselves heart and soul into the attainment of the main object that is entirely untrue he said t would not like it to be imagined in france in russia and italy thai in preparing for future contingencies we were contemplating an early peace there is no peace to which we could be party if it would in any way con fiiet with the interests of our allies british losses in dardanelles total 112,921 number killed 25,729 sick in hos pitals total 96,000â��”wounded number 72,222 f ondon dec 23.—great britain's loss of officers and men at the dar danelles up to dec i 1 th was i 12,921 i his is the grand total of officers andvmen including naval lists of kill ed wounded and missing the number killed was 25.279 the number of sick admitted to hospitals was 96,683 the losses were distributed as fol low killed officers 1609 men 23 6/0 wounded officers 2,969 men 72,222 missmg officers 337 men ! j i i -.. * tfc to n new king's principal halifax dec 23.—rev dr h y boyle dean of divinity in trinity university toronto has been elected president ot king's college vfr'jndsor nova scotia 9fc sbk twenty-three quakes guatemala city dec 23.—there iree severe carth in guatemala the last two days no serious damage is reported say the kaiser severely ill specialists hurriedly summoned to his potsdam palace ondon dec 23.—despatches from amsterdam and geneva agree that the kaiser's illness is much more seri ous than was reported officially from berlin great specialists have been hurriedly summoned to potsdam and the crown prince has been recalled from the front it is authoritatively announced'that the kaiser's projected journeys to the western theatre ot the war and io constantinople have been abandoned it is feared his illness is due to a re currence of the malady which proved fatal to his father jft , tfc shouloiidis wants to resign office anxious for gounars to take up his duties at once i ondon dec 23.—the athens cor respondent of reuters writing un der date of tuesday sends the follow ing ihe cabinet is sitting in council to nigftt and important decisions are ex pected premier skouloudis finds the strain of office very heavy and is anxi ous tc resign now that the elections are over and there is a majority for m gounaris the latter however at the present juncture does not desire to assume the reins of government and would con tinue his support of the present min istry composed of leaders of all part ies the central powers are concentrat ing their forces on the giveli section in southeastern serbia russ congrats to the french pres poincare replies with compli ments to the russian emperor daris dec 24.—emperor nicholas of russia sent the following tele gram to president poincare of france general pau has handed me in the name of the french army the war cross instituted for military merit on this occasion i wish to express my gratitude for this delicate thought to j which i am deeply sensible i beg you to make known in the glorious french army that i am par ticularly proud to wear this cross as a token of confraternity of arms which has united my army with that of al lied france nicholas president poincare sent the follow ing reply to the emperor i have transmitted the amicable message of your majesty to the french army and it will go to put heart into our officers and soldiers and!,.pray your majesty to receive this expression of their gratitude at the same time president poin care forwarded the telegram to em peror nicholas and to the war min ister for communication to the army vi la lft 1 lloyd-george a cat's paw being used by northcliffe to pull out his political chestnuts mew york dec 23.—a new york paper this morning published the following cable from its london cor respondent : the feeling is growing here that lloyd george is being used by lord northcliffe as a monkey to pull the conscription chestnuts out of the fire his demand for 380,000 men to make munitions before the figures of those who have enrolled under lord derby's scheme to do real fighting for the em pire are made public has convinced liberal labor and irish members of parliament that lord northcliffe has made an impression upon the great little welshman of the necessity of a dictator to conduct things and there are those who do not hesitate to say that having failed with carson northcliffe is ready to become the political godfather of men whom his newspaper once denounced if by do ing so he can upset the cabinet it is because of this report on every tongue that mr redmond mr thom as and others warned the government that the labor and irish parties will not submit to conscription austrian menace austrian troops to lead in the attempt to drive the allies from salonika — russian sus cesses near teheran — germ ans regain h artmannsiewiler kopf f ondon dec 24.—the hartmann's weilerkopf summit which the ger mans claim to have retaken with over 1500 prisoners is the only point f first-class activity on the western front while in the eastern fighting lines there has been little evidence of any disturb ances a sort of christmas lull in the past twenty-four hours there have been some clashes in gahcia with minor successes on both sides the russian forces in persia are fighting twenty-five miles from teheran but the balkan theatre maintains its place of first importance in the war news despite the fact there has been no severe fighting for several days the greek public's uneasiness over the possibility of extension of germanic operations to greek terri tory increases hourly and the greek do mestic situation is so ruffled that it is said that parliament as soon as it meets will declare mart-ial law in order to muzzle the opposition press which has been mercilessly attacking the government a renter despatch from athens says germany is reported as having infor mcd greece she hopes to reach salo nika january 15th promising at the same time to evacuate greek territory as soon as the task is finished greek correspondents cf paris news papers declare that the teutonic allies have decided austria shall have the initiative in all offensive movements in the balkans twl w german general dead amsterdam dec 23.—the death of the german general karl jung at thiancourt franch is announced by the lokal anzeiger of berlin death was due to apoplexy general jung was for a time gov ernor of east africa and subsequently commander of a brigade of infantry reserves russians chase turk warships drive enemy torpedo boats to shelter under guns of varna i ondon dec 23.—1t is authorita tively reported that two russian tor pedo boats pursued a bulgarian tor pedo boat on tuesday to the bay of varna where the coast batteries op ened fire on the pursuing vessels says the petrograd correspondent of reu ters telegram the russian ships left the zone of fire undamaged dur ing the raid two turkish sailing ves sels were sunk impresses greece london dec 23.—an athens de spatch says news of the landing of rus sian forces at varna has created a fav orable impression and is correcting er roneous ideas of the entente leniency towards bulgaria <. egyptian move only hun bluff american correspondent lb london not impressed by such talk icw york dec 23.—the london correspondent of the new york herald cables that the reports that ger many is concentrating great armies to attack and conquer egypt and smash the allies on all the other fronts are regarded here as sheer bluff i am in a position to say if the cen sor will permit it that the turco ger man combination will receive the great est surprise of the war if the egyptian plan \£ pursued moreover i am able to tell you on unquestionable author ity that the descent on varna is only a small part of a great campaign which russia is almost ready to re sume against the austro-germans sweeper blown up reservist is missing leo joseph bennett left hers by the s s mongolian commander macdermott of h.m.s calypso writes regret to inform you that leo joseph bennett seaman newfound land k.n.r is repcrted missing as a result of the mine sweeping vessel i.ady lsmay having been blown by a mine on ist decer.d.er reservist bennett joined the re serve on nov qth 14 and took pas sage to fngland in the ss mongolian on 17th december 1914 turks lay claim to some gains say they are pushig british hard oo galiipoli and in mesopotamia f onstantinople dec 23 via london the turkish war of fice tonight gave out the following statement along the entire north ern front our troops are approaching the barbed wire entanglements of the enemy trenches on the dardanelles front near seddul bahr there have deen temporary artillery and bombing encounters our artillery on the anatolian coast of the straits successfully bombarded martalima and at the landing places of tekke burnu near mortoliman we sunk two small boats and near tekke a small ammunition vessel in one section cleared of the enemy we found provisions of all kinds suf ficient for an army gprps for a long time 1,000,000 sandbags come thousands of tents 500 blankets and 400 stretchers one motor near aghime dero and many mortar bombs hidden in the ground on the caucasus front the enemy attack in the neighbourhood of id in turkish armenia on dec 20 cost him eight officers and 3,100 men while our losses amounted to only one hird of this number issi no lives lost in explosion damage done at westphalian town not so serious as reported i ondon dec 23.—reuters corres pondent at amsterdam sends the following regarding the powder ex plosion at muenster westphalia which according to some reports yes terday caused the loss of 300 lives the muensterischen anzeiger says that a great number of windows were shattered and adjoining buildings were slightly damaged by the explosion of the shell depot but that there were no fatalities . 1a wk ihlivhvi miss lois reid daughter of mr and mrs vv d rejd and her bro ther leonard reached town by the express this morning 200,000 allies in the balkans french military expert cays is strength of joint army at salonika daris dec 24.—general bonnal french military exnert examining in the intransigeant the situation at salonika mentions the german state ment that the french and british for ces on greek territory now number 1 72,000 officers and men and are in creasing he says the joint army will soon reach two hundred thousand they are occupying a semi-circle around salonika which itself is just beyond range of the heaviest guns and even ( chose carrying shells from eighteen to twenty-two miles fifteen days entrenching have now given a defensive works of certain solidity so that two hundred thousand men with ample food and munitions supplies and with reinforcements avail able by open routes should be able to resist an army consisting of two or three times their number german league berates kaiser calls on german soldiers to quit the trenches and depose him york dec 24.—a new ag ency despatch from rotterdam to day says a christmas manifesto calling upon every german soldier to quit the trenches and depose the kaiser from the throne he has fouled was issued here to-day by an orzanizalion called the general humanity league " it was signed by karl bernstein and nine others ihl 5v !& pleases vienna vienna dec 23.—the new ameri can note regarding the ancona has made a good impression here and an early answer may be expected work on it has already begun britain pays cost of war from income british financier says it is not necessary for her to realise on her capital wealth that she is rich enough to fight on for a long period and that prospects of recovery after war are good ondon dec 24.—this war has in volved practically no destruction of accumulated wealth said sir george paigh one of the leading financial au thorities of england in an interview to day our loss is mainly the wealth we feel acute that is to say speaking broadly we are making shells not building houses building warships not making railways our main loss arises from a faiulre to make reproductive the expenditures and this loss is about 400,000,000 per annum >> exchange of bonds it is true continued sir george that we are selling american securities but we are buying russian french and italian bonds and on balance there has been little reduction of our invest ments since the beginning of the war it each one were to live economical ly during the war we may not need to meet our great war expenses by realis ing our capital although of course we shall fail to save during the war the usual 400,000,000 yearly our irv come and use it for reproductive pur poses—building houses railways ships factories etc as the whole world will not in the period of the war save much consequently there will be very little expansive produc tion economic pressure on the other hand the expansion of population will be much smaller than usual and the economic pressure that would otherwise arise will thus be mini mized temporarily there will be economic pressure of considerable severity at the end of the war 3 hat pressure will be caused mainly by readjustment of conditions from war to peace no doubt the wealth of the country will grow as rapidly after the war as it did before the war ikk ' < ft l ladies and gents fur lined coats no advance on former prices liberal discounts for spot cash value par excellence bowring brothers limited read the daily star corduroy velvet tams we have just opened another shipment marked at same popular prices 60c s 66c shades of black saxe brown myrtle navy grey purple and a large variety of combination colors sec you get your share before they are sold out again—they won't last long bishop sons & co ltd dry gpods department phone 484 mail orders carefully filled
Object Description
Title | St. John's Daily Star, 1915-12-24 |
Subject | Canadian newspapers--Newfoundland and Labrador--St. John's--20th century |
Publisher | St. John's Daily Star Publishing Company |
Place of Publication | St. John's (N.L.) |
Date | 1915-12-24 |
Year | 1915 |
Month | 12 |
Day | 24 |
Description | The St. John's Daily Star was published daily except Sunday between 17 April 1915 - 23 July 1921. -- Not published: 30 May - 09 June 1918, 11-12 July 1919. In process: September-December 1919, July 1921. |
Location | Canada--Newfoundland and Labrador--Avalon Peninsula--St. John's |
Time Period | 20th Century |
Language | eng |
LCCN | 89032054 |
Type | Text |
Resource Type | Newspaper |
Format | image/tiff; application/pdf |
Collection | St. John's Daily Star |
Sponsor | Centre for Newfoundland Studies |
Source | Microfilm held in the Centre for Newfoundland Studies. |
Repository | Memorial University of Newfoundland. Libraries. Centre for Newfoundland Studies |
Rights | Public domain |
Description
Title | St. John's daily star, 1915-12-24 |
Subject | Canadian newspapers--Newfoundland and Labrador--St. John's--20th century |
Publisher | St. John's Daily Star Publishing Company |
Date | 1915-12-24 |
Year | 1915 |
Month | 12 |
Day | 24 |
Description | The St. John's Daily Star was published daily except Sunday between 17 April 1915 - 23 July 1921. -- Not published: 30 May - 09 June 1918, 11-12 July 1919. In process: January-March 1918, September-December 1919, July 1921. |
Location | Canada--Newfoundland and Labrador--Avalon Peninsula--St. John's |
Sequence | 1 |
Page | 1 |
File Name | sjds_19151224_001.jp2 |
File Size | 6419 KB |
Language | Eng |
LCCN | 89032054 |
Type | Text |
Resource Type | Newspaper |
Format | Image/tiff; Application/pdf |
Source | Microfilm held in the Centre for Newfoundland Studies. |
Rights | Public domain |
Transcript | the st john's daily star newfoundland volume 1 3.00 per annum friday december 24,1915 price one cent no 211 i 1915 slssa 1915 will keep the lid on hun commerce british ivill see that the germans get little chance to again challenge the empire's com mercial supremacy — a heady planning for the new order that will arise after the war iondon dec 23.-as far as com j merce is concerned germany is a beaten nation and it is for us to see j to it that she does no recover wal er runciman president ot the board | of 1 rade told the house of commons this aiternoon reviewhrg the steps tak j en by the board for re-organization of j british industries after the war there is scarcely a department in public life runciman said about which we have pot been thinking 11 what likely will happen when the war is over and how best to prepare tor 1 luture contingencies all changed nothing in commercial life will start off when the war is over in the same condition as when the war began and in every one relationship with the central powers and zollverem is | bound to conflict with our interests subjects which the board of trade was special vestigating among them being owner ship of real properly by aliens runci man instanced the danger of such ownership stating that he knew one coal field in the midlands owned'by germans and trading under an : iish title which now was idle that the british were prevented from exploiting the coal field he added that this cannot continue after the war remove german competition the board is aking great care to al j low no german to stand in the way of j england we are not going to be es j pecially tender to the germans run , ciman specially referred to the german | control of oil-fields in europe re i marking that this raw material was of uch vital interest to britain that the board was taking steps to see how much of german control of this pro duct could be transferred lo britain so that the lalter's merest would be safe-guarded continuing he said that german trade in south america and in the east has received a serious blow and it is the duty of the board to see that uor business men have every ad vantage runciman referred to indi cations of a belief on the continent that britain is thus looking thead was mcined to-think of the return of her commercial prosperity rather than throwing ourselves heart and soul into the attainment of the main object that is entirely untrue he said t would not like it to be imagined in france in russia and italy thai in preparing for future contingencies we were contemplating an early peace there is no peace to which we could be party if it would in any way con fiiet with the interests of our allies british losses in dardanelles total 112,921 number killed 25,729 sick in hos pitals total 96,000â��”wounded number 72,222 f ondon dec 23.—great britain's loss of officers and men at the dar danelles up to dec i 1 th was i 12,921 i his is the grand total of officers andvmen including naval lists of kill ed wounded and missing the number killed was 25.279 the number of sick admitted to hospitals was 96,683 the losses were distributed as fol low killed officers 1609 men 23 6/0 wounded officers 2,969 men 72,222 missmg officers 337 men ! j i i -.. * tfc to n new king's principal halifax dec 23.—rev dr h y boyle dean of divinity in trinity university toronto has been elected president ot king's college vfr'jndsor nova scotia 9fc sbk twenty-three quakes guatemala city dec 23.—there iree severe carth in guatemala the last two days no serious damage is reported say the kaiser severely ill specialists hurriedly summoned to his potsdam palace ondon dec 23.—despatches from amsterdam and geneva agree that the kaiser's illness is much more seri ous than was reported officially from berlin great specialists have been hurriedly summoned to potsdam and the crown prince has been recalled from the front it is authoritatively announced'that the kaiser's projected journeys to the western theatre ot the war and io constantinople have been abandoned it is feared his illness is due to a re currence of the malady which proved fatal to his father jft , tfc shouloiidis wants to resign office anxious for gounars to take up his duties at once i ondon dec 23.—the athens cor respondent of reuters writing un der date of tuesday sends the follow ing ihe cabinet is sitting in council to nigftt and important decisions are ex pected premier skouloudis finds the strain of office very heavy and is anxi ous tc resign now that the elections are over and there is a majority for m gounaris the latter however at the present juncture does not desire to assume the reins of government and would con tinue his support of the present min istry composed of leaders of all part ies the central powers are concentrat ing their forces on the giveli section in southeastern serbia russ congrats to the french pres poincare replies with compli ments to the russian emperor daris dec 24.—emperor nicholas of russia sent the following tele gram to president poincare of france general pau has handed me in the name of the french army the war cross instituted for military merit on this occasion i wish to express my gratitude for this delicate thought to j which i am deeply sensible i beg you to make known in the glorious french army that i am par ticularly proud to wear this cross as a token of confraternity of arms which has united my army with that of al lied france nicholas president poincare sent the follow ing reply to the emperor i have transmitted the amicable message of your majesty to the french army and it will go to put heart into our officers and soldiers and!,.pray your majesty to receive this expression of their gratitude at the same time president poin care forwarded the telegram to em peror nicholas and to the war min ister for communication to the army vi la lft 1 lloyd-george a cat's paw being used by northcliffe to pull out his political chestnuts mew york dec 23.—a new york paper this morning published the following cable from its london cor respondent : the feeling is growing here that lloyd george is being used by lord northcliffe as a monkey to pull the conscription chestnuts out of the fire his demand for 380,000 men to make munitions before the figures of those who have enrolled under lord derby's scheme to do real fighting for the em pire are made public has convinced liberal labor and irish members of parliament that lord northcliffe has made an impression upon the great little welshman of the necessity of a dictator to conduct things and there are those who do not hesitate to say that having failed with carson northcliffe is ready to become the political godfather of men whom his newspaper once denounced if by do ing so he can upset the cabinet it is because of this report on every tongue that mr redmond mr thom as and others warned the government that the labor and irish parties will not submit to conscription austrian menace austrian troops to lead in the attempt to drive the allies from salonika — russian sus cesses near teheran — germ ans regain h artmannsiewiler kopf f ondon dec 24.—the hartmann's weilerkopf summit which the ger mans claim to have retaken with over 1500 prisoners is the only point f first-class activity on the western front while in the eastern fighting lines there has been little evidence of any disturb ances a sort of christmas lull in the past twenty-four hours there have been some clashes in gahcia with minor successes on both sides the russian forces in persia are fighting twenty-five miles from teheran but the balkan theatre maintains its place of first importance in the war news despite the fact there has been no severe fighting for several days the greek public's uneasiness over the possibility of extension of germanic operations to greek terri tory increases hourly and the greek do mestic situation is so ruffled that it is said that parliament as soon as it meets will declare mart-ial law in order to muzzle the opposition press which has been mercilessly attacking the government a renter despatch from athens says germany is reported as having infor mcd greece she hopes to reach salo nika january 15th promising at the same time to evacuate greek territory as soon as the task is finished greek correspondents cf paris news papers declare that the teutonic allies have decided austria shall have the initiative in all offensive movements in the balkans twl w german general dead amsterdam dec 23.—the death of the german general karl jung at thiancourt franch is announced by the lokal anzeiger of berlin death was due to apoplexy general jung was for a time gov ernor of east africa and subsequently commander of a brigade of infantry reserves russians chase turk warships drive enemy torpedo boats to shelter under guns of varna i ondon dec 23.—1t is authorita tively reported that two russian tor pedo boats pursued a bulgarian tor pedo boat on tuesday to the bay of varna where the coast batteries op ened fire on the pursuing vessels says the petrograd correspondent of reu ters telegram the russian ships left the zone of fire undamaged dur ing the raid two turkish sailing ves sels were sunk impresses greece london dec 23.—an athens de spatch says news of the landing of rus sian forces at varna has created a fav orable impression and is correcting er roneous ideas of the entente leniency towards bulgaria <. egyptian move only hun bluff american correspondent lb london not impressed by such talk icw york dec 23.—the london correspondent of the new york herald cables that the reports that ger many is concentrating great armies to attack and conquer egypt and smash the allies on all the other fronts are regarded here as sheer bluff i am in a position to say if the cen sor will permit it that the turco ger man combination will receive the great est surprise of the war if the egyptian plan \£ pursued moreover i am able to tell you on unquestionable author ity that the descent on varna is only a small part of a great campaign which russia is almost ready to re sume against the austro-germans sweeper blown up reservist is missing leo joseph bennett left hers by the s s mongolian commander macdermott of h.m.s calypso writes regret to inform you that leo joseph bennett seaman newfound land k.n.r is repcrted missing as a result of the mine sweeping vessel i.ady lsmay having been blown by a mine on ist decer.d.er reservist bennett joined the re serve on nov qth 14 and took pas sage to fngland in the ss mongolian on 17th december 1914 turks lay claim to some gains say they are pushig british hard oo galiipoli and in mesopotamia f onstantinople dec 23 via london the turkish war of fice tonight gave out the following statement along the entire north ern front our troops are approaching the barbed wire entanglements of the enemy trenches on the dardanelles front near seddul bahr there have deen temporary artillery and bombing encounters our artillery on the anatolian coast of the straits successfully bombarded martalima and at the landing places of tekke burnu near mortoliman we sunk two small boats and near tekke a small ammunition vessel in one section cleared of the enemy we found provisions of all kinds suf ficient for an army gprps for a long time 1,000,000 sandbags come thousands of tents 500 blankets and 400 stretchers one motor near aghime dero and many mortar bombs hidden in the ground on the caucasus front the enemy attack in the neighbourhood of id in turkish armenia on dec 20 cost him eight officers and 3,100 men while our losses amounted to only one hird of this number issi no lives lost in explosion damage done at westphalian town not so serious as reported i ondon dec 23.—reuters corres pondent at amsterdam sends the following regarding the powder ex plosion at muenster westphalia which according to some reports yes terday caused the loss of 300 lives the muensterischen anzeiger says that a great number of windows were shattered and adjoining buildings were slightly damaged by the explosion of the shell depot but that there were no fatalities . 1a wk ihlivhvi miss lois reid daughter of mr and mrs vv d rejd and her bro ther leonard reached town by the express this morning 200,000 allies in the balkans french military expert cays is strength of joint army at salonika daris dec 24.—general bonnal french military exnert examining in the intransigeant the situation at salonika mentions the german state ment that the french and british for ces on greek territory now number 1 72,000 officers and men and are in creasing he says the joint army will soon reach two hundred thousand they are occupying a semi-circle around salonika which itself is just beyond range of the heaviest guns and even ( chose carrying shells from eighteen to twenty-two miles fifteen days entrenching have now given a defensive works of certain solidity so that two hundred thousand men with ample food and munitions supplies and with reinforcements avail able by open routes should be able to resist an army consisting of two or three times their number german league berates kaiser calls on german soldiers to quit the trenches and depose him york dec 24.—a new ag ency despatch from rotterdam to day says a christmas manifesto calling upon every german soldier to quit the trenches and depose the kaiser from the throne he has fouled was issued here to-day by an orzanizalion called the general humanity league " it was signed by karl bernstein and nine others ihl 5v !& pleases vienna vienna dec 23.—the new ameri can note regarding the ancona has made a good impression here and an early answer may be expected work on it has already begun britain pays cost of war from income british financier says it is not necessary for her to realise on her capital wealth that she is rich enough to fight on for a long period and that prospects of recovery after war are good ondon dec 24.—this war has in volved practically no destruction of accumulated wealth said sir george paigh one of the leading financial au thorities of england in an interview to day our loss is mainly the wealth we feel acute that is to say speaking broadly we are making shells not building houses building warships not making railways our main loss arises from a faiulre to make reproductive the expenditures and this loss is about 400,000,000 per annum >> exchange of bonds it is true continued sir george that we are selling american securities but we are buying russian french and italian bonds and on balance there has been little reduction of our invest ments since the beginning of the war it each one were to live economical ly during the war we may not need to meet our great war expenses by realis ing our capital although of course we shall fail to save during the war the usual 400,000,000 yearly our irv come and use it for reproductive pur poses—building houses railways ships factories etc as the whole world will not in the period of the war save much consequently there will be very little expansive produc tion economic pressure on the other hand the expansion of population will be much smaller than usual and the economic pressure that would otherwise arise will thus be mini mized temporarily there will be economic pressure of considerable severity at the end of the war 3 hat pressure will be caused mainly by readjustment of conditions from war to peace no doubt the wealth of the country will grow as rapidly after the war as it did before the war ikk ' < ft l ladies and gents fur lined coats no advance on former prices liberal discounts for spot cash value par excellence bowring brothers limited read the daily star corduroy velvet tams we have just opened another shipment marked at same popular prices 60c s 66c shades of black saxe brown myrtle navy grey purple and a large variety of combination colors sec you get your share before they are sold out again—they won't last long bishop sons & co ltd dry gpods department phone 484 mail orders carefully filled |