Edward, the Peacemaker

Review and Herald Publishing Association · Takoma Park Station, Washington, D. C. · Jul 7, 1910

Edward, the Peacemaker

The title of peacemaker has been quite generally accredited to the late King Edward of England. But according to the Nation, June 16, the London Economist takes exception to this title, and shows by some interesting statistics the extent to which, during the last decade, England has expended money for naval armament:—

While Great Britain's naval expenditure has risen from £15,600,000 in 1890 to £40,600,000 in 1910, that of Germany has advanced from £3,600,000 in 1890 to £17,400,000 in 1908, and that of the United States from £4,100,000 in 1890 to £23,600,000 in 1908. Thus British naval expenditure was two and one-half times as great in 1910 as it had been twenty years before; while in Germany the outlay had been nearly quintupled in eighteen years beginning with the same date, and in the United States, in the same time, nearly sextupled.