Salt Lake Tribune | 1919-12-28 | Page 25 | Emergency Property Levy Much Feared in Germany

emergency Property Levy Much Feared in Germany S LOOK flflllFOIl ILPJPISIS 0f Finance Minister Viewed With Alarm Leading Financiers, je Tax Proposal Also Attacked as Measure ji Dire Consequences. ' Pec. -' (By tli" Assoei-!.) Assoei-!.) The specter oi the enor-MMciicy enor-MMciicy levy on property salens drastically to reduce vdestrial fortunes ia the next c makes it difficult for Cler-forecast Cler-forecast the economic outlook watry for 1920. Leaders in , viitienl and social circles are a their opinions of the mea- ; national "relief propnMd by . Erzberf;er, minister of finance, is a iridesprcad belief among :i, bankers and financial j Germany that if two of plans are put into effect : will face a future overcast :'i clouds, if uot actual ruin. . important of these two . ; ; is the emergency levy 'on , which financial writers as-. as-. riJuce industrial fortunes of fi 'marks to less than 3,000,000 .lit. The second measure is le tax, which, it is claimed , will "beggar every modest is well as every p;ieat for- to America. i r; say it all comes down to : "America must come tu our :ii a comparatively small, di-and di-and disapprove of the .sed international loan. Lit believe, would saddle the " E:land and France on the :;;es and thereby, perhaps, re-; re-; - smo'jnt of credit Germany :'.in. :::ion appears to be gaining in Uncial quarters that Y,tz- lays are numbered and that ii'iij: continue to exert his - on the majority who pay therefore, support his finan ciers declare that Cer-. Cer-. 'ili'.ical future depends in the upon the w orking out of . - treaty and that until this lias been consummated in all -:al details Germany will be ''locate her fresh' starting r..:s is regarded here as the 'K whole situation, and Ger-the Ger-the situation to remain -il this has been accomplished. : -viki Feared. --:'s more conservative polit-frankly polit-frankly admit Bolshevist : the next election. They say ? '"ay capture fifty seats in-: in-: !le twenty-two which they tLrago and that thev mav poil instead of the 2.750,000 they : a the last national election, 'i'rvatives, however, assert Independent. Hparticist and ' elements will become less the opportunities for work ' ln ;ennany. il leaders say that indications 'G iii'iet'inite postponement of '-in on the ground that the Kvenuiifiit, on the strength of , mandate, is entitled to con- t program of socialization fin keeping with the natiou's , recovery. It is pointed out ;';ije new liberalism may sut-'iith sut-'iith a life-long president as ,5'e fur a constitutional inon- )f Strikes. '.T,...,! (;L.nllau jn.lustrial , Uerniau workers are Y'-img and tliafc the labor aas bein improved so far as '-i1 ot eoal and raw material "'"''dies say that Herman in- v,-orl(ii1(j an aerage of ' ."'" hours dailv and that this ;1f Possible w'itli the preseut :' C(Jal. When the eoal ; '"proves it will be possible, iOtinikc a real industrial be-... be-... "iw materials. ' 5 lecoverv and progress '"'-"t year are felt bv Ger-..M'd Ger-..M'd on a whole succession "y. uf ,,iem believe that drains German industries .c., ti;,.r is liulo ,10)fi f . "' Hie same critics de-. de-. " the entente does not ..'".V's.load a little bit the 'it , r'vt'n to communism. , industry cannot recover ..' ' rc t its former efficiency, K : ,vorld "'ill be the loser in