Salt Lake Tribune | 1918-11-08 | Page 11 | Huns will Lose U. S. Business

JI WILL LOSE 1 1 5JU9ES German Industrialism Menace, Men-ace, Alien Property Custodian Says. PHILADELPHIA, Nor. 7. German industrialism in-dustrialism is ;s much a menace to world peace as Gorman military autocracy. A-Mitchell A-Mitchell Palmer, alien property custodian, said In an address here tonight, reviewing review-ing the work of his ofttce in taking over and American Liing enemy-owned property. prop-erty. The business built up by the Germans In the United States will be forever lost to them, Mr. Palmer said. Ho added that "no other course would be compatible with the safety of American Institutions, for German autocracy is quite as flppiynt in its economic exploitation wne world as in its governmental and inilitary domination of central Europe." Mr. Palmer, who spoke before the University Uni-versity Extension Society of Philadelphia, said the alien property custodian's office now has assumed control of nearly half a billion dollars' worth of enemy-controlied or owned properties. All interests of en-emv. en-emv. persons in American industrial and commercial businesses, where that interest inter-est is large enough to either influence or control the business. Mr. Palmer said, will now be sold at public auction to American citizens and "whatever accounting is to be made when the war is over for enemy property taken, so far as that accounting affects investment in American industry, will be for the money value thereof and not for the thing itself." "Germany must be made to understand," under-stand," he concluded, "that her plan has failed in the industrial field as In the military. mili-tary. Industrial disarmament must come along with military disarmament. Autoc-racv Autoc-racv in industry must fall with the fall of the Hohenzollern dynasty. The same peace which frees the world from the menace of the autocratic militarism of the German empire should free it from the menace of its autocratic industrialism as welL".