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Show t . ' o ) : Speaking of Money ' ii ' npHB German government, until . recently, 1 was not noted for Its humor. But now the Relchsbank adds to the gaiety of nations with a medium of weekly bank reports, in which, the mad riot of note making Is the predominating feature. The most . recent statement shows that the orgy has in no way abated. The past week the Relchsbank put forth via the printing press route 1,600,000,000,000 more paper notes for the consumption of the home folks. The circulation now stands close to 11,000,-000,000,000 11,000,-000,000,000 marks. , i . It is almost incomprehensible for American Ameri-can people, who are used to honest banking methods, to understand fully what the flat German money is doing. At least the German Ger-man people must be credited Tvith nrsenseuf humor; otherwise the whole nation would go Insane trying t9 figure it out. - , Reckless demands of the German government govern-ment are, responsible for the Issue of marks in trillions. Approximately 2,000,000,000,-000 2,000,000,000,-000 marks of treasury bills, were- discounted at the bank last week, the aggregate of these new bills now amounting to more than 10,-400,000,000 10,-400,000,000 marks, In addition to 5,000,-000,000,000 5,000,-000,000,000 In commercial bills. The past, veekjs output of Relchsbank notes is the record, the previous record being in the statement of June 7, showing an increase in-crease of one trillion marks. At present the Relchsbank is putting out notes at the rate of 266,000,000,000 marks a working day. The old adage that a certain document isn't worth the paper it's written on just about holds true In the case of the mark. - Just recently its worth fell to where H could buy ,160,000 of them. Until Germany and other of the European nations carr stabilize' stabil-ize' their finances, little hope can be held out for assistance from the American public. |