The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1911-10-22

of the governments. When the war
talk over Morocco began, newspaper
readers would point to the bourse
quotations and say: ALI rot. Only
newspaper talk The moment that
the bourses began to weaken, imme-
diately the conclusion was drawn
"they have been given the tip It's 4
going to break loose" and there was
a rush to sell.
Army officers, whose income in Ger.
many is largely from securities, be-
came convinceds that war was coming
and started to sell their Stocks Their
talk at home spread to the servants
and through them like fire to the conf
mon people, who Immediately began to
, withdraw their savings from the
| banks. The most foolish rumors were
accepted, such as that the government
would confiscate all monies in the
banks IN order to finance the war. In
one Of the suburban towns of Berlin
teacher at school told of some of
the times that preceded the war of
1870 and the next day the banks were
] besieged by the parents of the school
children.
There were tremendous Withdrawals
! of French, English and Russian money.
Banks were forced to call in their pa
pers. The government attributed the
panic to we'll concerted plan to
harass the German government. 1T
was planned to so weaken Germany
financially that we would have to re-
cede from our position" said an offici-
al OF the foreign office to me. But
we stand firm," he added.
Aside from the shrinkage of the val
ues of the securities and the personal
loss of those who dumped even high
dividend-paying stock on the bours-
es, the withdrawals of money from
banks amounted to high figure and
probably will never be given out. 1t
, speaks we'll for the German financial
institutions that not single bank
failed during this period. Importers
also suffered heavy loss during the
period of uncertainty in the Morocco
situation, with prospect Of war
many orders were cancelled and the
: trade with France fell off heavily.
: The newspapers did everything in
their power to quiet the hysteria and
to their credit it should be said that
the "kroigsfurcht" was derided and
: every effort made to allay the fear o.
: the people The bank runs were mo-
played up and nothing done in an.
I way to embarass either the govern
ment or make the situation in finan
u cial circles worse. There was little
or no comparison of fleets and navie!
or belligerent statements and declara
lions from army or navy officers o.
y persons in high official life as was thu
. case in France.
Foreign Secretary Kiderlen Waech
y ter is the most talked of man in Ger
s. many today and the man whom thu
l. papers opposed to the government
IS hold responsible for the Morocco
le move and the decentralization of busi
u ness that resulted from it.
a. Friends of the foreign secretary an
1t newspapers friendly to him hail Kid
n erlen-Waechter as the 'tnew Bismark.
u His enemies, and he has many, AM
e. the liberal papers, sometimes refs
r to him as the man who is trying o.
1t Bismark's boots which don't fit.
IS Which sizing up of the foreign secrt
" tary is the right one, only time an
W the result of the Moroccan negotif
d. lions will determine. The fact II
IN mains, however, that Kiderlen-Waecl
n ter so far as the public eye is COZ
ID cerned, has completely overshadowe
5e the imeprial chancellor, Won Betl
NJ mann Hollweg.
he Foreign Secretary Won Kiderlel
n. Waechter is one of the few men lei
of the "Bismark school, of Statesman
M ship He served under the Iron Char
10 cel1or and to some extent he is chars
IL ed with attempting to essay Bi
a. MARKHAM role in the Morocco neg
tiations in that he is alleged to hay
al largely played t'lone hand"
lie The government of Germany is.
n the last analysis, in but few hand
d. and among these, 1t is freely sal
ly Kiderlen-W aechter sought little cou
re sci except from the emperor Durir
ce the critical stages of the Morocco