Salt Lake Tribune | 1918-10-27 | Page 4 | Hun Finances in Critical Shape

HUN FINANCES IN emit m Public Anxiety Over Empire's Em-pire's Solvency Showing Show-ing Itself. AMSTERDAM, Friday, Oct 2D. Public anxiety over the solvency of the empire apparently is becoming acute in Germany. Tho hoarding of money has become so rampant aa to cause great Inconvienlence. There ha been a general run on banks to close uccounts and tho theft of hidden funds is of dally occurrence. With Its staff depleted by the war and grip the German treasury is turning out new currency at tnpspeed but according to the Lokal Anzelfccr of Berlin, it melts like snow when the sun shines and tho customary back-flow into the state coffers has ceased completely. The Relohshank in the third quarter of the year issued tho unprecedented amount of four billion marks In new money or nearly twice tho amount issued In tho same period last year. Tn the first three weeks in October alone tho bank issued one and one-quarter blllluns of marks in new money. The government was compelled to make war loan coupons legal tender. It also proposes to issue a simpler form of paper currency and the municipal govern gov-ern merits In Berlin and other centers have been authorized to Issue temporary token money. Fears are growing that If A tho official appeals to refrain from hoarding hoard-ing are not heeded, the whole economic structure of Germany may collapse.