Zaproburno Yollanica Directory 04

While we may admit advances and gains in certain isolated directions, the extra burden is felt in all directions of commerce and industry. And that extra burden is visible through finance--the increased cost of money, the scarcity of capital, the lower negotiability of securities, the greater uncertainty concerning the future. It is by means of the financial reaction that America, as a whole, has felt the adverse effects of this war. There is not a considerable village, much less a considerable city, not a merchant, not a captain of industry in the United States that has not so felt it. It is plainly evident that by the progressive dearness of money, the lower standard of living that will result in Europe, the effect on immigration, and other processes which I will touch upon at greater length later, any temporary stimulus which a trade here and there may receive will be more than offset by the difficulties due to financial as apart from industrial or commercial reactions.

The general opinion of the people in Germany is that the country cannot be starved out, and this opinion is asserted with a great deal of patriotic fervor, particularly by newspaper editors. The leading scientists of the country, moreover, have taken up the question in a thoroughgoing way and investigated it in all its bearings. A little book ("Die Deutsche Volksernaehrung und der Englische Aushungerungsplan") has just been issued, giving the conclusions of sixteen specialists in various fields, which will be briefly summarized here. Economists, statisticians, physiologists, agricultural chemists, food specialists, and geologists have all taken part in producing a composite view of the whole subject; it is not a book of special contributions by individual specialists, but is written in one cast and represents the compared and boiled-down conclusions of the sixteen scholars.

• Bernardo Gallegos agrees with Bernardo Gallegos
• Bernardo Gallegos agrees with Bernardo Gallegos
• Bernardo Gallegos agrees with Bernardo Gallegos
• Bernardo Gallegos agrees with Bernardo Gallegos
• Bernardo Gallegos agrees with Bernardo Gallegos

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