| Show I Riotous Extravagance Common In Germany as Inflation Increases Poor Hardest Hi nv fly V M- M L GOT many's I i t it l bli SpecIal c lat Cable Dispatch to The Standard Examiner Copyright CopyrIghtS 1 qu ERLIN July 14 people 14 People who BERLIN B er w ere clerks s IsIs barbers r and d BO so forth but who ho become be me l sUddenly rich because of the Ih Tock stock swindle knew no bounds in their nce Th not only Kept harem harin and uniformed lacke s but also Iso cx- cx ex exhibited their contempt for paper mone money by burning it to licit hett the chafIng dishes at their t These sentences sentence are In from fromn froma torn torna n a letter written Hitten in Paris lu iu 1720 at 1 a II time when hen the MI bubble of ot John law Iw was kt it Its But they might just c truly c-truly truly 1 ibe be written in almost almot any German city in the year 19 2 3 This Is the situation in Germany Gerh toda today In Berlin HO metal metalworkers metalworkers workers are ar on strike It they are ar not successful in their dem for higher wages a general g strike m mis y be called On tho the same samo day that these workers went on strike the dollar cost ti 89 marks less s In It did in Now New ork Hence Cr bought a dollan In Berlin BerUn and sold told them in hew r York or some western luro- luro pein bourse bourst made a profit of 89 marks In order to prevent such speculation and to continue Its remarkable stabilization policy the th government nas corn com compelled com compelled to disallow foreign demands for non German currency curre cy and nd to grant crant only onty three to five live per cc cent nt I ot of the domestic demands mands The of or the S I of ot foreign money has a more don dan dan dangerous cerous effect teet because it stifles the th Importation of ot the necessIties of oC life and raw materials today are able to obtain only three to tl five per cent of ot the th they need consequently they can cannot cannot cannot not finance imports and stocks are arc Grist mills deliver flour Clour only in return for tor heat Four pounds of ot the poorest bread costs ten thousand marks mark and possessors rs of or foodstuffs and aile u l raw are arC tempted to their lr goods cods by the th stilt hIgher r prices Dot But the big speculator maneuvers almost at will through Dan DanzIg lg Copenhagen Amsterdam Zurich and the occupied nrman erman dl Alt All of or her er per personal ons how how- how t eer cr arc losing what remnants remnant of courage they had In tb the mark No No- retain retAin body wants to these notes which day by day drop In v buys stoc stock h certificates j welo luxuries wares wars cl er alt all kInds What hat Is left over is spent for travel dissipation and amuse amuse amuse- of mentO-of ot every sort The wild goes coca go on The government with a floatIng debt of or nearly 25 trillion marks and with taxes lo lost bat t last ear t to the leu of oC In Amer I Inter American lean ican money keeps the printing presses grinding grinding grinding away as 85 though they were a source or of Income not an instrument tor for I the creation ft a deceptive sub sub- substitute sub substitute tor for mone mono whose today at once destroys destroy the aluc alue or of yesterdays yesterday's emission The ear ot of stranded t with ith s a or of marks motes moles mo es hundreds of or thou thou- thou thousands d sands to the th most nt or of living Meantime the working mon man sees all and hears hers all 1111 For VOT yel rs h he has been unable to buy a IL s II t a sheet for tor his bedding or a suit or of clothes with Ith the wages ages palo pale him himlie lie He has ha lon long lone since had to cUo o up upI milk mill and eggs lt t br bread D 1 and butter He can buy meat not more than twice a week werk at the But when he seeks a II wage wa e equivalent lent lent Int to six ix or seven cents an n hour his demand is regarded a as mon mon- mon mon- monstrous and CJ excessive It If tho the de- de demand demand de demand mand is granted one hears com corn complaint complaints plaints plaint that Germany s a export trade I is Ia ruined And these thc com corn complaints plaints arc are not without export trade In Is seriously endangered endangered endangered when a S German workman who formerly received rp a third or of the a wage waco paid in Amer Arner- America ica lea today receives 1 seventh one By Ily rl raFting Ing wages on the basis basl of ot Increased livin ros costs x too great disparity between prices and wages can be prevented Per Per- Perhaps hap haps hapa a II general strike can in this way ay be bo averted but the belief that such means can I 1 en the coming unemployment and collom Ie crisis Is as ns tooliah Ito In idea as that held In Lordon to th the effect that ending tho the Ruhr action would cau cause e trade to flourish The tood good will of or Prime Minister of ot Great Britain as vl- vl b bv by hi his utterances utterance to ment merit ment is of oC little avail to a n overn era ern- ment that establishes its late ate ot of exchange at variance with Ith the world s opinion and in to the needs of or its domestic mar mar- market markets kt ket and then declares its course was decided by the th principles of honest merchants This hole a w hole r roble is 15 one of continental Europe A solution can come conic through the economic union and collaboration of or tho the European na- na na nations Jons |
