The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-11-29
GERMANS SHOW
TRADE GROWTH
Remarkable Economic Progress
in Land of the Kaiser

New York. Nov. %. -Germany's re
markable economic progress since tn
establishment Of the empire Is des rib
ID in the December number of BY
port American Industries" by Count
Johann Heinrich Rernstorm, German
Ambassador 10 the United STATES since
1891, Count Rernstorff points ont. Ger
| many's foreign trade has increased
faster than that of any other nation,
| the gain exceeding even that registered
by the United States.
The title of Ambassador Bernstorrs
article il The Financial situation in
Germany" He gives figures To show
that during the last forty Years Ger
man imports have Increased 2ON per
cent 10 l0,673,0O0.000 marks about
secs, 00c ,00o), and exports 2G2 per
cent 10 9,3o1 900 600 marks (about 81
25s, O00, G00.)
In this respect, he adds Germany
compares favorably with the United
States. despite the great natural re-
sources of the latter and the largo
stream Of immigrants i'm the prime ~
life. Between 1872 and 1871 the total
foreign trade of the United States in
creased 236 per cent and that Of Ger
many 199 per cent. bul during the de
Cade 90 1911 the German increase was
1881 per cent, and that of the United
States only 1851 per cent. The value
Of the foreign trade. both imports and
exports of the I'nitel states in 1871
was S3.7ls, O000 while the foreign
trade Of Germany In the same year
was S4.452 $4,000
Between the years 1871 and 1910.
Germany's population increased about
25,000,Oo0, and in the latter year was
"a 900, 000.
Count Rernstorff devotes consider
able space TO discussing the rate of in
terest which is somewhat higher in
Germany than in some other coun.
tries and has.been mentioned as proof
that Germany is lahoring under a
scarcity of money This view, he ar
CUES is. erroneous. "r'mcmations in
the rates Of interest" he SAYS, are
mainly due 10 changes in the economic
conditions of a country. Besides. the
rapid growth Of n vigorous and striv-
ing population-as that Of Germany
since 1S70-causes considerable in
crease in all neds of life. The prob
lem Of feeding. clothing and housing
this increasing number of people could
only be solved by the expenditure of
vast amounts Of capital. The geo
graphical situation of Germany re-
duires constantly growing expenses for
her army and navy. The different So
Cial problems. the solving of which
Germany has undertaken ahead Dri
other nations, not only cause large
expenses To the empire bat also To the
individual federal states ANA the cities
The latter, i'm addition, have 10 furnish
the means for the Improvement Of in
tercOmmunication, for the require
important causes.
"All this, of course, resulted i'm -
heavy strain upon the money market
thereby causing a rise in the money
rates IT was, therefore inevitable
that in spite of the formation of inn
mems" wealth, the accumulation Of
capital could not keen pace with the
growing demand ana that consequent
ly foreign capital was attracted to
Germany
Notwithstanding this general de- /
mand for money i'm Germany, Germans
have, during IN" last years, invested
considerable sums abroad. These in |
vestmonts in foreign countries are we'll |
spent in Germany's interest and form
Il valuable reserve ror the future For
the present, how T. this capital Is