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Show ; Ell TIE ACTEFFECTIVE Armistice Not to Stop the Work of Property Custodian Cus-todian Palmer. j WASHINGTON". Nov. 20. A. Mitchell Palmer, alien property custodian, in a statement tonight said the signing of the armistice does not change his functions or affect his policies In any way. "The "United States and Germany," said Mr. Palmer, "are still at war, and the tradlng-with-the-enemy act is still In force. The alien property custodian will, therefore, continue to perform the duties which that act lays upon him, and will carry out the evident intent of the congress with relation to enemy property prop-erty until final peace shall come. "Aa long as the trading-with-the-enemy act is in force, ft remains the duty of ail persons having the custody or control of enemy property in this country to make report thereof to the alien property prop-erty custodian. Speaking generally, only two classes of property have been or will be sold. Theso are: "First The enemy interests in partnerships, part-nerships, brandies or agencies to which licenses to do business have been refused, re-fused, or to .which licenses have been granted for the purpose of liquidation. In these cases, in order to liquidate, we have been compelled to sell property of various kinds. "Second The enemy owned shares of stock or other interest in American corporations cor-porations where cue enemy holding1 is large enough to influence or control the management of American industrial and commercial concerns. It is perfectly clear that in granting the power of ale the congress intended that the enemy interest inter-est in such corporations should be placed in American hands for fair value, after public sale thereof. At the time the armistice was signed, a large number of such properties were ready to be sold by the alien property custodian, and these sales will be proceeded with. "Investments of individual German subjects, either in stocks, bonds, mortgages, mort-gages, real estate or other property in America, will not he sold except when they fall within, the two classes herein mentioned." |