Demobilization : $b our industrial and military demobilization after the armistice, 1918-1920Crowell, Benedict
History
Demobilization : $b our industrial and military demobilization after the armistice, 1918-1920
Crowell, Benedict
United States. Army. American Expeditionary Forces -- Demobilization; World War, 1914-1918 -- United States
The Government of Portugal bought a large number of American army
shoes. Czecho-Slovakia took 10,000 army overcoats, much other
clothing, and several hundred tons of food supplies. The Polish Relief
Corporation bought quartermaster supplies to the value of $1,500,000.
Roumania took a consignment of food and clothing at $7,150,000.
Portugal took a shipload of potatoes f. o. b. Ireland. These nations,
Serbia, Esthonia, and several others, were constantly in the market for
American supplies. Esthonia bought 3,000 tons of army bacon. The French
Government, too, was a large purchaser during this piecemeal selling,
on one occasion buying American suspenders to the value of $22,000, as
well as large quantities of food and clothing.
For the most part the United States accepted debentures rather than
cash in payment for these supplies. It was obviously impossible to
secure cash, for the small nations did not have any, and even France
was skipping the interest payments on her five-billion-dollar debt to
the United States. The American Government accepted treasury notes or
other official securities at par, payable in three to five years with
interest at 5 per cent. And, although such credits would have been
heavily discounted in commercial centers, nevertheless America did
not try to cover by charging high prices for the surplus stores or by
exacting profits of any sort. The greater part of our supplies were
sold at the cost of manufacture in the United States plus the cost of
transportation to Europe, and plus nothing else. Consequently the sales
proved to be a great stroke of advertising for the fair name of the
United States.
Trainload after trainload of supplies sold in this fashion left the
American depots during the spring and early summer of 1919; but still,
when the bulk sale to France went through, these shipments had seemed
to make scarcely any impression upon the mass of the surplus, so
great had been the reserves created in France by American industry.
The utilization value of the surplus army property in France was
estimated at $1,000,000,000. Of this quantity, quartermaster stocks
(not including animals) were valued at $670,000,000. Of this surplus
an amount worth $87,000,000 (consisting principally of new clothing)
was returned to the United States, and the rest, except what had
been disposed of by individual sale, was turned over to the French
Government, the final delivery being made on November 15, 1919.
Public-domain text, read in full here on John Shaqi.
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