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Show HOLLANDER TELLS OF BAD COITIONS II GFJMM Salt Lake Tribune: Germany's credit cred-it is made of a house of cards, and the military authorities of the empire are forcing the business mon to pyramid pyra-mid credits to such an extent that there Is not a gold, silver or copper coin In circulation in tho country, according ac-cording to B. Y. Schadd, a Dutch banker bank-er of Amsterdam, who Is at the Hotel Utah on his way to Java. Mr. Schadd has been in Germany within the past two months and says that tho people In the Rhino districts are In a starving starv-ing condition and that they aro forced to take whatever gold or othor metal they have to the central bank and take paper money In exchange. The mark has so fallen in value in Holland that It is now worth but 50 per cent of its face value. He says the result Is that the German government Is forced to send, gold and silver into Holland, Norway, Nor-way, Sweden and Denmark for supplies, sup-plies, and compels its own people to take paper money. Mr. Schadd has with him a number of the new German paper money issues, is-sues, and also the iron mone' which the Imperial government has placed In circulation. The paper monoy is all of small denominations, ranging in value val-ue from one-half cent in United States money to 10 cents. The Iron monoy runs from one halt cent In United States money to 5 cents. The largest of the iron coins is about the size of a dollar, and calls for four cents. The paper money is light blue In color and Is about the size of the "shin plasters" plast-ers" which were used in this country m KreeuoacK. oayB. The breaking of Germany's credit will do more to end the war than anything any-thing else except internal revolutions, in the opinion of Mr. Schadd. He laughed laugh-ed when asked about the ability of Germany to make war loan after war loan, and said that so long as tho printing presses of the German central bank could hold out the Germans would continue to subscribe to war loans. He described the seventh war loan made by Germany a few weeks ago as nothing more than exchanging government bonds for government paper pa-per money which had no backing In gold or silver. Get Paper for Gold. Ho says that the fifth war loan of tho empire was made in this way, and that the sixth and seventh loans, amounting to 15,000,000,000 marks each, were nothing more than exchanging ex-changing central bank paper money for government bonds. Ho asserted war loans of this character could go on indefinitely until the people began demanding gold or silver. The greatest great-est influence in the recent labor trou bles in Germany, he says, were due to the fact that the workmon demanded demand-ed copper or silver money for their work. The German people do not know as much about the war as do the people of the United States, Mr. Schadd says. The government will not permit the sending of any information Into the country and has charge of all tho newspapers. news-papers. He says that since the naval battle off the Jutland the German pa-, pers are issuing extra editions three and four 'times a week telling of the great German victories. Instead of, giving news of the "strategic retreat" of Von Hlndenburg before the advances advanc-es of General Haig and tho British j troops ,the newspapers carried sto'rles to the effect that tho Germans were about to enter Calais and bombard the English coast across the channel. He eays that the German papers are forced to Issue glowing accounts of victories every time there is a reverse. Favoritism Is Charged. Mr. Schadd says the real explanation for the ferocity of tho Gorman attacks on the Russians lies in tho fact that the Germans from the west province of Germany havo been placed on the east front and those from the cast provinces pro-vinces on the west front. News of tho defeat of the Russians exhilarates the Germans from tho east provinces fighting fight-ing against the English and French. He says that the exchange of troops Is made In order that the people may be kept down, as the east Germans would not hesitate to fire on the west Germans Ger-mans in case of revolution. He learned that there Is much dissatisfaction in the Germany army. The Bavarians and the Black Tyrol forest regiments in tho German army are complaining that the Prussians aro compelling thom withstand tho brunt of attacks, which the soldiers from Prussia proper prop-er are made the supporting army. The claim of favoritism is being made, he says. Food in Germany is scarce. In the Rhine provinces Germans are living on potatoes and roots. Tho poor have no monoy to buy and the government has charge of everything, Mr. Schadd says the war will last two years, at least, and then Germany will try to make the best terms possible. Ho looks for the war to be a draw, unless the United Unit-ed States adds such strength In tho way of men and airplanes that Germany Ger-many will be decisively beaten. Mr. Schadd Is on his way to Java to organize a number of banks. |