Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-09-08
MONEY PANIC
THREATENED
IN GERMANY
EMPIRE TO PAY PENALTY
FOR FRENZIED FINANCE
National Debt Doubled in De-
cadei Budget Shows Yearly
Deficit Despite Burdensome
Rate of Taxation,
CBy Walter DunkIrk.)


(By Walter Dunklrk.)
Berlin. Sept. 7-Germany Is threat
ened with a great financial crash.
caused by the natural reaction from
the inflated trade boom Of the last few
years. and It is likely that the money
market will suffer "A total collapse in
the near future.
The cause of the present critical sit
uation is the too rapid expansion
which has been the feature OF Ger
man In recent years. the
governments reckless financial policy,
and the lavish investment Of German
capital In American banking houses.
Russian trade has been the object
10 which German enterprise has main
~ been directed In a too lavish man
ner. Germany has practically built
an the manufacturing Industries Of
Russia, and has created the most Inn
p~ortant Of the Russian manufacturing
cities like Lodz. where trade has been
ruined by the revolutionary strikes
and massacreS. This town, owing its
existence TO German capital, was be-
fore the revolution one Of the greatest
Industrial centers OF Russia, but the
capital sunk in It's development by
German finaneiers has been swallowed
up by the strikes and disorders.
In Germanyis home industries there
has been reckless reproduction and
consequent huge losses. Exports have
increased enormously IN bulk without
correspondlngly increased returns.
In high finance the same excess of
activity has brought serious conse-
quences. The German government has
been 50 reckless IN it's financial policy
that II has nearly doubled the ma
tional debt IN the last ten years. The
budget shows a deficit every year. IN
spite of the high taxation which the
government is compelled to- impose.
The municipalities have followed the
example of the imperial government.
and have borrowed at high interest
enormous sums for their various own
ership schemes. This state of things
Ia daily strengthening the socialist
party In Germany. The evils of cap
italism and militarism are so striking
~ shown by the present financial sit-
uation that thousands of German sub
tects. hitherto loyal 10 the kaiser. are
Joining the Red Flag army.
Some remarkable and s%candalous
scpncs In the way Of religious folly
are now taking place IN various parts
OF Hesse and ~nelghboring parts of
Gefihahy due to the starting of "A
new religion"
The demonstrations first started at
asset when the police shut up the
building where thcV toot place Now
the movement hes srread.
At Gross Almcrodc. where mo rrtn-
cipal headquarters OF the scot are sill
uated. men. women and children meet
together In a room IN q state of great
nerVou agitation. songs and hymns
are NHnm In nhnr4a and fInra "a Aa4rsT.
mar marches up the steps OF the al
tar, goes through a frantic kind of
y with many Contortions, and with
features b%etraying either agony or tor
ror, uttcrs strange, inartieulatc sounds.
The pastor approaches the youth and
places his hands upon him. r%omarking.
The Word Is In him. Il is the Word
speaking"
The crowd listens To the inarticulate
utterances Of The Word" and then an
indcscribable scene of enthusiasm sue
ceeds. Men and women throw them
selves on their knees. clap their hands.
kiss the floor and strike their heads
against the floor. the doors. walls or
the benches, while the women throw
themselves on the necks OF The young
men who have been through the per-
formance on the altar steps. The pas
tor then utters a short prayer. asking
the Almighty 60 point out 10 his chill
dren those among them who are not
worthy of the name. The faithful
seize hold on one or other of
their number n brow him or her
out none %summarily han gently.
one OF the prophets Of his sect. o
named Dalmeier has already be-
come celebrated as hc travels through
the neighborhnod selling pamphlets.
alleges hat the Messiah has APP
pcarcd Co him and that he can cast
out evil spirits and prophecy.
The sultan OF Turkey has laid a
heavy hand on The diversions ~ the
constantinople smart set and has
considerably curtailcd the pleasures II
Turkish society omc
What drew the Sultan's attention ia
scandals In Turkish society was the
which the son Of Hachim
minister OF public instruction.
got into at the Prinkipo Yacht club.
This club h. much f~requented IN the
SUMMED by foreign residents. and also
by Turks % good family.
Young Hachim lost $1,000 al the
club and attempted to play again next
Hay without paying his debt. contrary
fo ne rules 81 the club. He was Of
tended with the club officials. who
prevented hina continuing 10 PLAY
while In debt, and told his father The
al once reported the incident
.o the sultan.
The result was an trade. forhidding
AZ Turks 90 frequent the cursed"
,luh III the Giauurs. which was put
under police survclllauCc Turkish
women were ordered % rcnlain I'M
after 8 O'Clock in the evening.
and the governor and chief 81 police
,f the island we're dismissed
The sultan has also forbidden Turk
.sh women TO indulge IN ono % their
rare pleasurcs-the excursion in boats
~ the sweet Waters This has been
hitherto the great summer fctc nu the
.RoSphnrus for Turkish who
inined in the thrnng 81 pleasure boats
% Fridays and Sundays lu now hN
imperial cdict. they are deprived -
his simple diversion. and must not
mix win the Iundel foreigners
For Insulting the kaiser iu 1895.
Hans kruger. a butcher. has just beet
.enteucrd % fNu months imurisnm-
meat. ne would have escaped punish
nent aitogcthfr fnr his Maiestats-
neIedirung had not a FORMER friend.
who had since conceived an enmita
Tor him. and betrayed him to the poo
Al RruEsrs trial witch caused
.anls aensauuu. hc said that he must
have been drunk when he uttered the
iisresuectful words about D kaiser.
was nevertheless sentenced % two