William: "I say, Capelle, are you sure we have taken the right road?"
This is a conflict not of armies, but of industries and economic resources. Mr. Lloyd George once said that the last £100,000,000 might win the war. The United States not only has the last £100,000,000, but it has many times £100,000,000. The day that this country enters the war the economic resources of the Allies will be doubled. We can practically care for France while recruiting an army of our own. The German General Staff may delude itself into believing that it has challenged the immediate war-power of 100,000 men. What it is really challenging is a war-power of 200,000,000,000 dollars (£40,000,000,000) and a financial and industrial system that can be indefinitely mobilized.
The New York World,
February 6, 1917.
