Salt Lake Telegram | 1920-11-05 | Page 12 | Progress in Germany

4 I Progress in in S Germany I WHILE technically ly speaking America Still Stilt is vy at war warA x with Germany undoubtedly the I of the late war war have subsided to an anI I extent in this country that many might be in inI inclined in- in I dined to congratulate that badly defeated nation r relieved of its power to start another world struggle for ages to come at least because itis it itis itis is beginning to recover its industrial feet I According to reports just received the recovery recovery rei re re- re- re i covery of Germany in an industrial way has been far more rapid than had been expected and possibly possibly possibly pos pos- sibly is greater than had been anticipated even by bythe bythe bythe the most optimistic residents of that country While Germany is not by nature supplied with special richness yet during the year preceding the outbreak of the war the exports amounted to 1 10 marks against imports of I 11 1 marks tile the balance being paid out of the proceeds of foreign investments vestments and from profits of navigation On the tern termination I of the war Germanys Germany's provisions and necessaries w were re completely cx- cx hausted As a result the imports rose from paper marks in January 1919 to paper marks during the last month of the same year The total imports for 1919 amounted to while the exports totaled only slightly more than paper marks With the beginning of the present year however however however how how- ever there resulted a material change In J January January Janu Janu- nuary nu- nu ary the imports amounted to 1000 while in April there was vas a transposition and instead of a surplus of imports there was a surplus surplus sur sur- plus PIUS amounting to marks in exports which increased in May to 1 marks While this shows an immense immense improvement in the the economic status of Germany in a financial way the nations nation's condition is far from from showing even an indication of improvement The total issue of paper money outstanding at the close of the first year of the war was while at the end of August last it it it- stood at the enormous figure of marks which must operate to the detriment of German exchange exchange ex- ex change regardless of any balance of f exports over m nn Doubtless Germany eventually will become I disentangled from its financial web but it it will require long years of hard wc work rk p patience tience and economic hardships S S