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Show y--- Conditions-Reversed ' ' ' . With defeat, instead of what seemed certain victory, now ''Staring them In the face, the people of Germany, as a rule, now tightly are drawing their purse strings and are unheedful of the appeals of the government for financial assistance. j Germany previously had issued eight war loans, and intariably (the general public promptly came forward and each issue was oversubscribed. over-subscribed. This was in the heyday of Prussian warfare, however, . Vnd.the subscribers to the loans serenely contemplated what appeared ap-peared to be assured Interest and high premiums on the bonds. The ninth loan now is in progress, but conditions are different. The total subscriptions have amounted to less than $5oo,ooo,ooo. compared with $.1,750,000,000 for the eighth loan, and it is announced an-nounced that subscriptions will be received two weeks beyond the Jrlosing date originally fixed. f Until "recently money flowed in perfect streams through the '.financial and trade channels of Germany. Now with defeat instead of victory certain, the hoarding of money is reported to have be-irome be-irome rampant in that country. It Is stated that there has been a general run on the banks to close accounts and that thefts of hidden funds Is of daily occurrence. - In addition, the German war treasury Is turning out new currency cur-rency at top speed, but, according to the Lokal Anzeiger of Berlin, "it melts away like snow when the sun shines." and the customary! back flov Into the treasury has ceased completely. j ; The government now has been compelled to make war loan j t coupons legal tender, and It is among the probabilities that it will ; become necessary to repudiate a great portion of the internal obliga- j : tions of Germany. In erery respect financially. Commercially and politically "the cold gray dawn of the morning after" is appearing for a na-, tion that bis been drunk with blood and loot, the while dreaming of wwld control and still greater power and excesses. |