Show I SPECULATORS TORS ARE SWINDLED BY THE BANKS BANS OF GERMANY 1 I Marks Left on Deposit Are Eaten Up by Charges Warsaw Ind Ind who speculated speculated In German marks four and five avo years ears ago at 3 and 4 cents a mark and who later speculated further In Inthe Inthe inthe the hope hOlle of covering up their losses when the mark continued to drop In value have given up all hope of ever retrieving even a small portion o 0 their losses as a result of letters now being revolved r re elved from German banke banks where the speculators have their marks on deposit Several months ago the thc depositors were 1 no Interest would be paid on deposits of a less value than titan 25 5 in American money at tho the time the letter w s written Man Ian of toe the speculators who had converted hue hui of American dollars Into marits maries at ot the time iliac found the depreciation of the mark murl hal haJ decreased the value of their deposits to only a n few dollars of United States tates money and so 80 brought thorn withIn wit this no interest rule annual Senti-annual statements being sent to American un speculators In marks are being charged against the speculators speculator's account at ut the rate of ot narks arks per letter The speculator who a little more than a n dear jear ago ugo bought marks at nt the rate of or for 1 1 has tins long lung since been out so far as ns his deposits In the tho German banks are concerned His Ills credit balance has been wiped off oft the books s of the hanks banks A Warsaw man who five years ago bought marks at 4 cents c each ench depos depos- lung worth of oC them In a n Berlin bank on the advice of a foreign exchange exchange ex ex- chan change e broker a year ago averaged down his Ills holding I by bu buying Ing more marks at n a few million mOllon for a dollar Then came the lie climax and the mark mark- dropped In valuation to more than four trillion to a dollar ollar The Warsaw mans man's account In the Berlin bank representing g a deposit of around In American IDone money dwindled to a valuation of around 8 In United States cash As all semi annual statements state state- statements ments sent out by Berlin banks are charged against the accounts of depositors depositors depositors de de- de- de and at nt the rate of n a trillion and a n quarter parter for each letter the deposit soon Boon will entirely disappear I The Berlin banks unlike e Austrian banks decline to furnish American depositors with deposit books s which would eliminate the confiscator procedure pro pro- brought blOught about b by the render render- renderIng renderIng I Ing of semi annual statements |