The Children's Story of the War Volume 4 (of 10): The Story of the Year 1915Parrott, Edward
History
The Children's Story of the War Volume 4 (of 10): The Story of the Year 1915
Parrott, Edward
World War, 1914-1918 -- Juvenile literature
In time of war, when the expenses of the Government are much greater
than they are in time of peace, the old taxes are raised and new taxes
are imposed. In September 1915, for example, the taxes were raised some
40 per cent. Money is also raised from the savings of the people. They
are asked to lend money to the State at a certain rate of interest, with
the promise that the sum which they lend shall be paid back again in
full at the end of a certain period. Of course, this interest has also
to be provided by the taxpayers. Three hundred and fifty million pounds
were borrowed in November 1914, but by June 1915 it was found necessary
to borrow more money, and a loan of nearly six hundred millions--"far
and away beyond any amount ever subscribed in the world's history"--was
placed at the disposal of the Government. One feature of this loan was
the attempt to get persons of small means to participate in it. Vouchers
for 5s., 10s., and £1 were issued, and working men, and even school
children, were encouraged to buy them. Unfortunately only about five
millions were raised in this way, and later in the year other
arrangements were made, in the hope of bringing in more money from the
savings of the working classes. In September the people of the United
States lent the British and French Governments one hundred millions, and
this money was used to pay for some of the munitions and other things
which we were buying from America.
* * * * *
War brought about many changes in our national life. We became a soberer
people, and we refrained largely from those sports which are so dear to
us in time of peace. Expensive entertainments were frowned upon,
holidays were shortened or given up altogether, and many men beyond the
military age spent their annual weeks of leisure in munition or farm
work. Special constables were enrolled to take the place of the police
who had joined the colours, and volunteer corps sprang up everywhere.
[Illustration: Women's Volunteer Reserve on a Route March in London.
_Photo, Alfieri._]
Public-domain text, read in full here on John Shaqi.
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