Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-12-04
TURKEY NEG0TIATES GERMAN LOAN

France having refused to lend Turkey
150, 100000 francs without guarantee,
the latter turned to
Higher Germany. where at Ber-
r.A lin on tho eth ultimo
AAees' negotiations were ter
minated and loan Of e5o.0oo.000
francs was effected. loan, 1t should be
added, which costs Turkey per cent
or more than il concluded in France.
The unofficial press affects a tri-
umphant note over an event which is
assumed to have a serious political
side. and ironically derides France as
having five arms Of service, namely,
infantry, cavalry, artillery. aeroplane
and money" With the latter arm, says
the Gazette de Voss. France would in
augurate the terrorism Of French
capital"
The Taglische Rurdschau treats the
French as Insurers Of the world" But
these critics are manifestly shouting to
keep their courage up. for they are well
aware that the Turkish budget is in
deficit for the respectable sum of
$44,362.40o. and that under such cir
cumstances guarantees are the prudent
precedentS Of a loan.
The Lokal Anzeiger. which is n gov
eminent organ. is better advised. 1t
maintains that Germany may sustain
Ottoman projects in lending her moral
influence and in the multiplication OF
she is not capable Of raising up Turkey
econOmically-that is to say, fnanci-
allyn order to complete the Lokal
Anzeissr's thought; II GERMANY was vas
sultan she could not aid her. and she
would show her impotency in a very
sad way. 1t was necessary. therefore.
that Germany, without discouraging
presence to be felt and thus maintain
all her moral advantages.
Recent dispatches from Berlin to the
Matin Of Paris announce that the syn
dictate of Partisan banks have informed
German banks and credit establishments;
that the French government would
view with displeasure the renewal OF
certain operations of the boursc with
Germany and Austria-Hungary. dis
agreeable impression thereby had been
produced III Berlin.
The Lokal AnZeiger, commenting on the
news, declares that this action. following
close upon the Hungarian
Diversion and Turk sh loans
proved that Fran C e
Nee0eU' needs such incidents OF
chauvinism to turn public attention from
her interior situation"
The Courier de la Bourse. which is
liberal, writes: This news has produced
a profound sensation at the bourse.
The recall of French money, which Is
used on a large scale In Berlin, can only
disarrange speculation at moment
when the financial situation is already
overstrained." 1t is estimated that the
pensions" and "reports'-opera OF
the bourse-which France has in Ger
many amount to 200,OOO,OOO to 250.OOO,OVl
francs.
The counter coup of this unfortunate
Turkish loan Is further aggravated by q
dispatch from Constantinople. In which 1t
appears that certain foreign ambassa-
doris had addressed a verbal note to the
Porte, calling its attention. to the delay
in the settlement Of claims included IN the
floating debt. and demanding that the
NJ. Lucien Hubert. deputy to the
French chamber, has written an article
in the Revue Hebdomadaire, entitled
"Germany's Financial Force" which has
created widespread interest.
The author marks the march and
progress of sympathy for the Germans In
Turkey, from the time German officers
had become instructors In the Turkish
army and navy, and who had thus en-
grated their ideas and methods upon the
i
all classes, and the impression prevails
that the German emperor is the defender
of Islam against all Europe.
david Bey, formerly very much at
tachcd to the French, was captured by
Kinderlen- waechter, and is now pro-
nounced Ger1nanophile. -
But Germany is not able to maintain
the role Of helping the young Turk
financially, as confessed by the Lokai
Anzeiger. And the author of the fore
mentioned article undertakes to prove
this by close study OF the German
financial situation.
Ottoman diplomacy. declares the author.
may have been a little imprudent and
badly inspired In its
Turkish action in France with
reference to the loan.
AmpIuuenCe. Turkey asked for 49,
100000 francs. but that is a very small
sum In view Of the financial needs which
must comfort her for long years to come.
France, who, with England. is the great
est banker in Europe, and who has great
interest in Ottoman finances. was ready
to lend young Turkey all the money
necessary. Germany has substituted her.
self for France. What is Germany's sit
uation financially?
Since thirty-five years industry has
been the dominant and constant preoc-
cupation of Germany. She has sought
to become the workshop Of the world
She has created a great fleet to carry
her products to the markets of the old
and new world. Long and patient efforts
n this end have been crowned with sue
cess. The German empire. composed still
of small states. has within half century
become d great and powerful nation. cap
able Of disputing the economical pre-
eminence Of the greatest. During the
last decade German commerce texporta-
tion) had extraordinary extension. FROM
4.61l. OOO, coo marks in 1900. it exceeded
6.S1O, OO0.OOO marks in 1907 go
But the economical SITUATION Is liu-
sorry. Germany buys more from the
stranger than she sells him. The excess
of importations over her expectations Is
enormous.
In the presence Of the growing wants
If a population numerically increasing,
there is an augmentation OF lmportations
each year. From Se6.O0O.GOO marks IN
1000. the surplus has risen to- To-
30 on6 in 1910; it runs actually over
Go OON.O 900 marks. Notwithstanding
this prodigious development Ger
many has not been enriched within
the last twenty years. The sale or
products effected, enough is left only 70
nurchase raw materials ana ioodstmHs
which the soil has not produced Inc
German lives. lives better than formerly
wa learn that from the increasing con-
su,nntion of certain food and wares which
are not necessities-but that is all. The
general fortune does not grow
The cash in hand Of banks or clrcuIa-