Evening Republican, Volume 59, Number 73, Rensselaer, Jasper County, 28 March 1917 — U. S. Is the World’s Richest Nation The Banks Show. [ARTICLE]
U. S. Is the World’s Richest Nation The Banks Show.
New York, March 27.—The United States is able to loan the. allies the staggering sum without noticeably affectmgUie financial situation of this country; an”bfiicial of one of the largest banking institutions today told the United Press. , This country is in a position to loan five times the amount of the national debt in case of war between the United States and Germany. In the gold piled up in this countrv is the power, if this gold were turned loose, to end the war, in the opinion of this banker. Here are some of the things the stupendous sum of five billion dollows would buy: 689 completely equipped Miuperdreadnaughts of the Pennsylvania type; 7,143 fast destroyers and torpedo boats, or it would run the war for Great Britain and France one hundred days.
