Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-09-11
INDUSTRIES Of
GERMANY HARD
HIT BY THE WAR


London. sept. i0.-A Times dispatch
from Copenhagen says the Berlin Vos-
sische zeitung, discusses the extent
that German industry already has
been hit by the var. The author. DR.,
Emil Iederer. says the removal Of
ali men capable Of bearing arms has
smashed industry to atoms
"All links uniting the various
trades have been broken" says DIR.
Lederer. THE crisis with regard to
money and credit was accentuatcd by
the necessity Of financing the war at
single stroke. The attempts made
to meet the crisis by liquidating as
sets only made matters worse. The
unfortunate thing is that this liquida-
ton. which is customary in all times
OF crisis. in the present instance does
not affect merely a small body of
spectators. but EXPIRE. SEES the fact
that German Industry and its produce
ton are on a fictitious basis
a complete transformation Is
necessary in order TO cope with the
new toiuftltuc HiohbHt dptut W AHt
war AT present there IS little sign Of
this. We see the apparent paradox
that In spite OF increasing absorption
for military purposes Of men capable
OF working there is an increase OF un-
employment among those who remain
behind Even the much sought after
labor OF women cannot find employ
ment. Day after day undertakings
are shut down or their output is
diminished. Those. indeed. which
continue at work are working with an
almless overpressure of uncertainty,
so the net output is diminished
How War Affects Germany.
What care the decisive economic
facts Does the complete breakup
OF industry which threatens Ger
many involve disruption also OF
agriculture and the supply Of neces.
sites?
THE war means for Germany
first, the prevention of exports. es-
pecially articles Of luxury, secondly
prevention Of imports OF the means
Of subsistence. especially raw ma
terials, such as cotton and copper
and thirdly the reduction or altera.
ton In the demand Of all those al
the front and the restriction of tbs
demand Of those remaining at home
There is no longer any demand for ar
ticles OF luxury
Against these facts. which appar'
entity involve the gloomiest OUTLOOK
for the near future must be set 9th
ers equally decisive. Germany hai
had a remarkably good harvest. so
on the whole. the purchasing powe
of agricultural industry is relativel,
bigS The same applies to industrie
which supply the needs OF the arm!
and other public purposes,
The problem IS TO use this pur
chasing power In such a way as 1,
revive all those branches which sup
PITY the needs Of the above mentione.
. Industries The question Is how I,
build around the sound kernel.
Plan for Reorganization.
: III will require foresight. perhap
! great expenditure. for the force
which could bring about this reorgan
ization automatically do not exist. |
must be remembered first that IN
amount of available labor Is reduce
considerably: secondly. the avaiiabl
!. raw material probably will not be SUI
flclent for a long time: thirdly. III
needs Of private industry during tn
war have undergone considerable d
munition. and the change in thes
facts must be recognized first The
La systematic plan Of reeonstructio
: must be drawn up with the help I
r Ici.anters Of commerce and similar Of
Ara~s-afsauxs