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 112 rate of three francs per day per man, the value of

Europe further used for military purposes

which, at a rate of two francs per day per horse, could produce a value of

Adding that sum to the 12,507,963 francs we obtain a total of

Multiplied by 300 that sum shows, together with the budget, a lost productive value of

But in Germany alone the military budget increased from 1899 to 1906–07 from 920,000,000 to about 1,300,000,000, more than 40 percent. For the whole of Europe the total amount of military "overhead charges," not counting the costs of the Russo-Japanese War, reaches at the moment of writing some

say 13 percent, of the total foreign trade of the world. In truth a veritable policy of bankruptcy!