Devils Lake inter-ocean. (Devils Lake, N.D.) 1909-1915, 1914-12-11
SEES d DOWNFALL N |
. OF D GERMAN TRADE:
Berlin Writer Says War Breaks
Up All Industry.
BUT. THE KERNEL IS. SOUND.

BUT. THE KERNEL is. SOUND. Il
Unhappy Situation Is Admitted Freely,
and Problems OF Reconstruction Are
Discussed-Foresight and Great Eek
pendtures Needed to Restore Trade
to Normal Footing. 81: .5s5. +
Copenhagen The: Berlin Vossische5[
Zeitung DISCUSSES the extent to which !!
German industry already has been hit :
10y the war DR.. Emil Lederer. the
writer. says that. the removal Of all
nlen capable Of hearing arIus has
Smashed industry to atoms. All ;
links uniting various trades have been
broken The crisis with regarc to {
money and credit which occurred In
the first Instance was nrceiltunted by
the necessity of financing the war by /
a single stroke. The attempts made [
to meet the crisis by liIudating assets
only made matters worse. The III |!
fortunate thing. he says is that tits
liquidation. which is customary ut Ill |
crises. does not III the present instance |
affect merely small body of speech
iatOrS. but expresses the fact that yer I
nan industry and its production ARE
IN Il fictitious b;tsis. " ~ !
+ Complete tranSformation DR.. Leder :
er says. is necessary in order to cope
with the new conditions brought about
10y the war. At present there is little
sign. of this. We see the apparent par
| adoS. says DR. Le1Irer. that in spite
"f increasing absorption for military
purposes of men capable Of working
:here is all increase of unemployment
among those that remain behind Even
the much sought after labor of women
/ cannot find employment. Daysafter
day undertakings shut down or their
output is diminished. Those. indeed
| which continue at work are working
| with :aimless soverpresSure because Of
uncertainty, SO the net output is dmin
ished. &C. XII. 90 -. ,-s,-.,,a z
| What, asks DR.. .Lederer. are the de !;
=. cisive economic facts: Does the com
+, plete breakup Of industry which threat
! ems Germany involve disrupticn also
,, of agriculture and the supply ,of neces
F, saries? The war means for GERMANY
: first the prevention Of exports. $espe /
| cially articles of luxury; second, pre-
! vention of imports Of means Of sub.
: sistence. especially raw materials such
. rs cotton and copper: third reduc
!. hon Of demand Of all at the front and
restriction Of demand of those remain
!! ing ut home There no longer is any
; demand for articles of luxury. IT.
/ Against these facts, which apparent
ly involve the gloumiest possible ous
look for the near future. Dr.. I.ederer
says. must he set others equally dc
cisive. Germany has had relnarkabi!
good harvest. so on the whole the pur
chasing power Of the agricultural in
dustry is relatively big. The same
thing applies to industries which SUP
ply the needs Of the army and otfe,
public purposes, The problem is to use
this purchasing power in such way
as to revive all those branches which
supply the needs Of thesabove mention
| ed industries The question is how to
build around the sound kernel 1t will
require foresight and perhaps great ex
h penditures. for forces which could
bring about this reorganization auto
matically do not exist. :*s53 #
: 1t must be remembered. DR.. i.ederer
says. first. that the amount Of available
labor is considerably reduced: second
~, available raw materials probably
will not be sufficient for Il long time:
thirdly. the needs of private indlstr!
4 have during the war undergone con
siderable diminution and change. These
facts must first be recognized. Then
Il systematic plan of reconstruction
must be: drawn up with the help Of
4 Chambers of commerce and. similar or
ganizations The writer concludes, by
recommending the formation of 4 cen
trail permanent committee representing
all interests under control Of the minis.
try Of the interior to see what can be
done {. Nh g 2s. s< Il. IS sts5ss 81 f
g This is the first German article re;
IYeived here which admits the unhappy
!. situation of German industry. The flu;
\ ture will show whether tile time hon
! ored expedientSof appointing Il commit
tee of inquiry will compensate for the
4 economic unsoundncssi Of foundations
wherein It rests S@
RECORD LAYING HENS.