short rations that the Army might have guns and tanks and airplanes. It was he who bred the generation of young fanatics in love with the art of war. It was he who seemed last week to be closing the covers on four centuries of European history."
Lives, too, will be necessary. P. J. Philip cables from Paris, "'There will be 20,000,000 dead and destruction everywhere before this business is finished', one commentator said today". (N.Y. Times, June 2) June 7, 1940
London cable to N. Y. Times, Feb. 4, 1941, "Cost of war to Britain $16,000,- 000,000 for year", is about the same as the U. S. is planning to spend. We are good spenders. World War I cost America almost as much as it did Britain. Britain may be able to unload a larger part of the cost on us. They notify us that for the 60 days ending March 31, they will need 600,000 pounds or about something short of $3,000,000.
The New England Letter of the First National Bank of Boston, early in 1941, said, "The present war is the costliest conflict in history. British expenditures are placed at nearly 15 billion dollars a year. On a population basis, this would be the equivalent of about 45 billion dollars annually for the United States". Paul Mallon, Oct. 25, 1940, reported, "Defense commission publicity . . . disclosed expenditures are now running at a rate of $200,000,000 a month. Last year, long before the defense commission was established, the rate of expenditure was $100,000,000 a month. Current plans contemplate a hopeful outlay of $1,000,- 000,000 a month, from 13 to 18 months hence".