We have said that the cost of the war has now risen to the almost unbelievable total of over $130,000,000 a day.[2] That is more than the total cost of the whole war between Russia and Turkey in 1828. In a single great day in the battles on the Somme, or in Belgium, the British have used as much ammunition as they were able to manufacture in the entire first ten months of the war in 1914. Even before the end of 1915 the five great powers had more than doubled their national debts. When will these debts be paid? Great Britain, the wealthiest of the nations of Europe, after one hundred years of peace still owes much of the debt incurred in the American Revolution and all of the debt incurred in the Napoleonic Wars. The whole cost of the American Civil War was only $5,000,000,000, and of the Napoleonic Wars $6,000,000,000, while this war will cost over six times the amount of either during this single year. Great Britain's war debt at the end of the third year has reached the enormous total of more than $20,000,000,000, or twenty times the national debt of the United States at the beginning of the war, yet even this does not begin to exhaust her resources. At the close of the Napoleonic Wars Great Britain's debt was one-third of her national resources. She can almost double her present enormous war debt before utilizing a third of her wealth. We have not in this calculation reckoned on the economic value of the lives destroyed. That would average about $3,000 for each man. Five million men killed means an economic loss to the countries concerned of $15,000,000,000. But the economic value of the lives destroyed represents only a small fraction of their potentiality--socially, morally, and spiritually. No human brain can calculate, no heart can fathom the cost or loss of this terrible conflict. The cost of less than one month of the present war would equal that of the entire Franco-Prussian War of 1870. Another month would pay for the whole Russo-Japanese War; twelve days would pay for the Boer War, while the cost for three days would dig the Panama Canal. At the beginning of 1918 the war debts of the warring countries will exceed $90,000,000,000, or more than one-fifth the wealth of all the warring nations of Europe. The daily cost of the war is equal to half the earning power of these European nations, and the interest on their war debts will be equal to one-half their budgets as they stood at the beginning of the war. The wealth of more than twenty nations is being rapidly drained, and the world's financial reserves are being consumed in this vicious and sinful struggle which an autocratic militarism has forced upon the world.