Albuquerque weekly citizen. (Albuquerque, N.M.) 1891-19??, 1894-09-15
THRIFT or GERMAN People.

sutton. Of Doiisr, In tome and poreiE.
S-'nr',ies re,d In the rs,h.rissd.
Tho thrifty Germans are piling up
wealth In tho form Of cash and so
curlties NJ rate which promises to
make thcm OF great Importance as q
creditor nation, according to q
writer In the ~ Ouis GlObe Demo.
crat In Wow of tho information
sent IT, tho state department atwash.
ingt"n aud latcly given publicity,
the course ~ tho Herman govern.
mont l. sticking close to the British
government on ths silver question 10
not surprising. Germany has to Q
marked degree the same interests
that Great britain has In opposing
anything that tonds toward infa.
ton. Herr MIGUEL the Prussian min
'stor OF anance, according to tho 70.
pot received by Secretary Gresham,
estimates that tho people OF
Prussia have At tho present timo
tn'5,7iu.ODh In stocks. bonds aud
loans IL Is calculated that 70 per
cent Of tn" wealth OF To, many is iu-
vested IN stocks and bonds and that
this will probably rise TO ~ or 80
per cont IN the next generation.
Professor Schneider. a leading
authority on economies In the om
pirc, estimates that OF tho 10, 5DO,-
" people who make up the German
cinp'ro 100 LOIn To I,rlb,Ubb are In
receipt OF incomes from invested
capital. says OF those about one half
Ia A.
Ia ths last ten years. the deposits 10
tho savings banks are claimed to
have augmented ABOUT "a. $50. 100
per annum. and tn oughout Cor
many probably Ell, 100. 900 to s95,.
Lo'O from which 10 IL inferred
that the German nation Is laying up
from sI6. 10000 to e595, % 900
annually. one.half OF which goss into
-""urlties In tho last ten years
there have been. in the aggregate,
about tl52, OOJ. 900 to 81. 1870. OOO, 700
worth Of foreign aud sl. 9Ot, 90. 900
worth OF domestic securities put
upon the German market
It'll reference TO tho question
whether Germany 10 wiso In taking
=" much foreign paper, Professor
chmoller remarks that 10 I, .
healthy symptom. and indicates Q
th"lv NJ state OF the people. and that,
although much money has boon lost
thereby. II has been. on tho whole. q
'aluah;e experience and the means
-. placing the German stock az
changes on equal footing with those
Of i."ndon. faris and New York, n
position which they did not occupy
t~"nt''iive years ago Tho losses
OF III. country from Investments in
f"r"i! n securities have been great but
they are argued To have been amply
oilsc' by tho profits realized From
1850 10 1872 tine Germans are reok-
oncd to have made k23s, OUO.0 ~ In
Amurican and Russian securities
alone. independent OF all Indirect
benefits which may have accrued 70
the general business OF tho country
through the come ttiOns made la the
handling Of such stocks and bouda
Gcruany now holds probably ". S00.-
Uw, 900 worth OF foreign securities
which Is presumably double what II
pos esscd ten years ago. The inter-
ost and dividends ON these add about
VI ~, 400 of wealth annually TO
the country. This has . marhsd
effect on the woll.boing OF the ooun-
try and its trade balance What the
country hAs Lost In recent years
through unfortunate Investments In
foreign securities has probably been
about $500. OJl0oh watch. ss no.
mArxsd above. has .beon fully co.-
peusated Tor by gains made.