Spent $500,000,000 On The Balkan War.

New York Times 100 years ago today, August 17, 1913:
Estimate of Belligerents' Expenditures Is Exclusive of Preparations.
THESE COST $400,000,000
Western Powers Will Be Asked to Finance These Drains — Can the Balkans Bear the Burden?
Special Cable to The New York Times.
    LONDON, Aug. 16.— M. Philouze, the editor of La Correspondence, d'Orient, estimates that the two Balkan campaigns cost the belligerents no less than $500,000,000. Philouze in the course of his investigation went through the papers of the Turkish General Staff with the late Mahmud Phefket Pasha and estimated the expenditure of Turkey to July 1, 1913, at $180,000,000, not including the requisitions in Rumelia at the beginning of the first campaign.
    As for the allies, Greece alone has officially communicated her military outlay, which amounts to about $80,000,000, including $8,000,000 on the war with Bulgaria.
    An exact estimate as regards Servia and Bulgaria is impossible, but Servia, says Philouze, was very economical in her mobilization for her campaigns, and her total outlay is not more than $70,000,000, while that of Bulgaria probably is $100,000,000.
    Rumania spent $40,000,000 preparing for war, and her mobilization and campaign cost her $30,000,000 or $70,000,000 in all.
    In addition to this total of $500,000,000 Philouze adds a further sum of $400,000,000, which must be reckoned for bringing the armaments up to date.
    This means that the Western powers, France especially, will shortly be asked for enormous loans and the question arises: can the Balkan States and Turkey bear such a burden?