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GEO. 8. MAYNARD,. Sole Owner and Publishci.
A H A 8. F. BANDFORD, . Editor.
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THE NOME TRI WEEKLY NUGGET, WEDNESDAY JULY 9. 1919.
THE DIRIGIBLE FLIGHT.
The axiomatic smell ness of the world in these days <«f distance anni
hilating contrivances is due to receive still more forcible demonstration in
the near future now that the first dirigible voyage between Europe and Ameri
ca has been successfully accomplished.
Although greatly delayed by adverse weather conditions, the it 34 ar
rived on the Nova. Scotia coast in approximately three days running time,
thereby reducing the boat previous time .of trans-Atlantic passage about <>ne
nay. With better weather conditions prevailing and with a broader under
standing of the conditions and difficulties of trans-ocean passage at the com
mand of her pilots, it is probable that tin* airship could have negotiated the
flight in much less time.
It is, therefore, easily discerned that tin* trip of the Itritish dirigible
marks the beginning of a new era in trans-ocean transportation methods,
which will result in a further reduction in the apparent terrestrial dimensions.
This is the age of speed and haste is the principal requisite to the on
vard march of progress. Speed and more speed is tiie demand in every
sphere of commercial and industrial life. Kvery factor which contributes
to the gaining of time is seized upon'with eager avidity.
Every device man's ingenuity can devise that will enable a gain of a
minute or an hour in transportation or the. industrial pursuits finds a ready
leeeption by a speed .obsessed world.
In view of this absorbing inclination t*> basic it requires no gift ol
prescience to see that the reduction of apprnxiinal. ly one day in the time here
lofore required to cross the Atlantia- means that the dirigible will soon super
teale the steamboats as a means «»!' pa.'senger anal moil tJ.nnspo. tatia.n betweaq:
America anal I-'urope. The in.-tugiir ition of an aerial tr.iris-o •.\'rn service
nnaloubtedly final a roaaly recep.ion by those who wish to ga.i; I tia .•!
as those wha> prefer ta> trust their necks taa the vagaries of the air a,'. : : t:
incur tiie discomforts a»f mal-de-mer a.‘sociata*al with steamer travel. '■
Doubtless l»efore tha> present generation has closed its eyes to the
shifting panorama of finite existence, the world wfll |>e girdled with com- <
menial lines <»f airships engaged in steady traffic between earth's fartherest
bounds.
THE GERMAN INDEMNITY.
Although the amount a>f damages ta> l>»> demanded from Germany by
way of war indemnities is not specifically defined in the peace treaty, recent
Paris reports asserted that the sum estimated as adequate indemnity by tiie
Allies approximates one .hundred and twenty billion dollars.
Despite the modern tendency to think in tens of millions, it is ex
ceedingly difficult to conceive a full realization of just what this vast sum
means. Comparisons which reveal the true extent of the giant war obligation
are, therefore, not without interest.
c One of the most interesting means of arriving at a conception of what
it represents are found in reducing the indemnity-to the basis of a man’s
earning value—in other words what it means measured by the standard ti
day's work.
Assuming there are approximately seventy million people in Germany
and that the ratio of wage workers averages about, the same as in other
countries, there aro about twenty million who work for wages. Presuming
that their average earning oapacity is three dollars per day, which is not
only more than statistics show to be the case, hut also a higher average than
obtains in the United States In normal times, their aggregate earnings would
amount to sixty million dollars daily, or about eighteen billion dollars
per year.
Thus if the entire earning power of her twenty million workers was
devoted entirely to paying the war debt, the full hundred and twenty billions
would be paid in something over seven years.
To do this, however, the entire product of their toil must be used in
payment—leaving nothing for their subsistence. Again, the peace treaty
calls for the payment of interest on the debt. This too must come out of the
amount earned. If the interest averages no higher than four per cent it*
would mean a deduction of nearly five billion dollars from the annual inc ome,
or about eighty five cents a day from the wages of each worker, leaving only
two dollars and fifteen cents per day to pay on the principle.
According to one financial authority whose deductions throw an
interesting sidelight on the financial settlements of the war. if Germany
undertook to clear herself of the war debt by the amortization metho|l she
mighj be able *to pay the entire debt in about fifty years by the annual pay
ment of six billion dollars, or, in other words, by deducting the sum of on®
dollar from the average daily wage of each of the twenty million workers.
This would mean that every German worker would have to work about one
third of each ten hour day of employment for the Allies for a period of about
a half century, before the debt could be wiped out.
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