Ogden Standard-Examiner | 1920-09-30 | Page 4 | Billions in Debt

I BILLIONS IN DEBT No country has a burden quite so great as that of Germany.! Kerr Wirt h . minister of finance, places the national debt at sixty billion bil-lion dollars, or two-thirds of the wealth of Germany. It is stated that the national debt increased over eleven billion dollars last year, and the deficit in the budget is estimated at fourteen four-teen billion dollars There has been a tremendous inflation of the currency in Ger-many, Ger-many, the German Bank haing issued three billion dollars in one year, and now has nearly fifteen billion dollars in paper In circulation. circula-tion. How the German are to get back on a sound financial fooling is yet to be disclosed Before succeeding in lifting their debts, they must meet obligations the total of which is greater than any other country ever undertook to cancel.