New-York tribune., 1908-02-23
GERU4NYS FINANCES.
Baron Uon Sternburg on Resources
of Her Economic Strength.

Tampa Fla Feb. 22.-The German Ambassador
to the United States. Baron Speck Won SternourS
delivered address to-day before the tampa
Chamber Of Commerce "GerInanys Economic
Strength" in course Of which he spoke as follows:
You have asked me to say word on the ma
your request because two countries deveioplng snc
naturally will be interested to hear something hing
their financial systems are based solid rock.
Until the SOS of the nineteenth century. and In
instances even later Germany efonoI1le Th
world knows better. The economic condition of a
iGfFY 2in is G55s Sbs at the present day support
900 people on the same teTrtoryItnat ~ N is p 9
crease of almost million souls, without being de
traTy. it must be affiuent and. furthermore. its
prosperity ust be erec{eG ep9n so S0d1 Dss
Recent statistics estimate the national economic
TeatIh t6aaI income St at oHer s Annually nearly
81 600 900 900 are capitalized From 1897 TO 1895 cieE
billion Of these fer BANKING and indus.Fial house
lis billion dollars. were admitted 70 the German
exchanges, that is average almost IL billion
dollars annually. which amply allows for fuctua-
tions in vaue-an annual average OF $3.50 oDooo.l-a
pretty large sum The Total smoun & Of securities ,tii
GagS m of wh in bT Toq9d q0Ta u5s @ billion dol
German bank notes in circulation at the end OF
1901 amounted to $4,000 oo-nore than twice the
banks have almost qnadrupled their workng cap
ital. their and their depositors. from 1855 to
German savings banks from 800 To- 1904 have re
ceived deposits 10 the amount of almost sl40.00oo
2.S5 billion dollars. in round figures
angs aye by m 6on t
billion dollars. so that the income derived therefrom
s476O00nN German export commerce i'm 1895
amounted to SO billion dollars. thus exceeding by
far that of North America Belgium and France,
and approxmating the British within Il billion
All these are abundant signs that the German
ccouomic condition is prosperous which is only
in small part to International trade although this
also is fve times large in 1872 The real basis
of German prosperity Is the energetic exploitation
possibilities of production afforded by natural
The grain harvests have been materially IN
creased by the strenuous intensity devoted TO this
branch of agriculture. The rye harvest alone has
heAn increased by a million tons from 1899 10 1905.
ing purposes has increased greatly Beef has been
head and pork from ii to isss million head GRAIN
and meat for German consumption are produced
Even more conspicuous and remarkable have been
mining and industrial developments. The
tons and in 1915 ls 2 riiiic tons almost sag7 10000
worth of coal!- German c9nsumption Of anthracIte
Kilograms in 1906 per capita OF pig iron there
refined in 1906 1913 million tons Sll0,W0.d10 WORTH.
was consumed in 1906 I9S Kilograms against 4SIa
kilograms in 1871 per CAPITA During this same pc
Ia Tf tons the production of black copper from
from 10000 TO 5000 tons. the production OF salt
from 332 G9 10 t35Oo0 tons and the production of
sugar from $4,000 to "a million tons
The total production of wealth. according to the
latest estimates. represents enormous sums Agra
cultural productions estimated at SO billion
dollars annually. gross and the Industrial produc-
tons are figured at SO billion dollars gross per
annum Approximately four-nfths OF this output
is disposed Of in the internal markets. Conse-
the most efficient Of the world agrculturally
and its prosperity rests upon healthy and sound
foundations