Harper's Pictorial Library of the World War, Volume XII : $b The Great Results of the War
History
Harper's Pictorial Library of the World War, Volume XII : $b The Great Results of the War
League of Nations; Treaty of Versailles (1919 June 28); World War, 1914-1918; World War, 1914-1918 -- Economic aspects; World War, 1914-1918 -- Finance
The _Wall Street Journal_ used this statement as a guide to the Allied
Powers for measuring the kind of indemnity that would be imposed upon
Germany.
"One of the departments of the Government at Washington has in
its files a report of a German commission on industry after the
war. Reading this, one can understand the motive for what at
one time looked like pure vandalism. Vandalism it was, by
descendants of the Vandals, but it was a deliberate destruction
of international competitors, killing the workmen--and
workwomen--and destroying plants and machinery for the one
purpose of removing competition. A physical injury to a child
helped to weaken future competition in the world's trade; and
it was upon the power gained thereby that Germany hoped to
launch another war for world domination....
"A peace that gives the cold-blooded perpetrators of these
crimes an advantage over their victims would not be equitable.
If any must suffer, let it be those who are guilty, but don't
give them a start ahead of their victims.
"In substance, that point should declare that Germany shall not
profit through the wrecking of any Allied industry. Except to
admit necessary foodstuffs, the blockade should not be lifted
until every Allied country from England to Serbia has been
industrially rebuilt. One object of the wholesale murder of
civilians was to weaken industrially the enemy countries. The
greater proportionate loss of man-power in the Allied countries
should be met by restrictions on the entry of raw materials
into Germany. Every piece of stolen machinery should be
returned before her own industries are allowed to resume."
The soft plan of dealing with Germany's war cost was championed by
Secretary Daniels. The Springfield _Republican_ and the _New Republic_
seemed to agree with the Manchester _Guardian_ that Germany ought to
be helped rather than punished, that the main thing was to set her on
her feet again.
"Representative papers like the New York _Times_, Syracuse
_Post-Standard_, Buffalo _Express_, and Sacramento _Bee_ all
insist that while we might or perhaps should claim no
war-expenses from Germany, 'we must exact payment,' in the
words of the Syracuse daily, 'to the last penny for losses
suffered through illegal warfare.' Germany's submarine campaign
cost us, according to this paper's figures, 375,000 tons of
shipping and 775 civilian lives. If we take the burden of
payment for this property and these lives from the guilty
shoulders of Germany it would only be to 'pass it on to the
innocent shoulders of the American taxpayer,' which, the New
York _Times_ declares, would be 'rank injustice'."
FORECASTING THE TOTAL COST OF WAR
Public-domain text, read in full here on John Shaqi.
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