The Birmingham age-herald., 1914-04-19

Copyright, 1914, by Curtis Brown) S=7ERLIN, April 1s.-tSpecial)-lf
 certain active spirits within the k-4 movement atti.in their ends, so- NE cial democracy is destined to be the worlds next money power The age of individual Morgans and Rothschilds will pass away; and the age of socialist iruletarat capitalism is coming near. In the name of anti-capitalism, socialism aims at becoming the greatest capitalist This is the conclusion drawn from the rews that Germany's socialist organiza- tions have taken up arms against the Eeutsche bank the head of Europe strongest money trust. The socialists threaten to withdraw from the bank their vast accumulations of capital, and to use these accumulations for the starting of a rival bank of their own.
 The feud arose when the Deutsche bank disobeyed a semi-socialst organizations Crder. This organization is the General Society Of German Bank Clerks. Deutsche bank clerk approached his d lectors on behalf of this society and de-. manded better pay and easier hours for clerks generally. The bank dismissed the clerk The socialists demanded his reinstatement. The bank refused. The general commission of social-democratic labor unions then convoked meeting to cecide whether the unions should with draw their vast deposits from the bank. and start their own bank. This is a real menace to the Deutsche bank. as the so- cial-democrat organizations are it's rich est clients. The mere threat of with drawal shook the bank shares on the stock exchange.
 Financial experts declare that the so- cialist threat is practicable; and that It's result vii be to make plain to the pub- lie what experts already know, that so- calism is already one of the great money powers of the empire. The socialist bank can certainly be started Last year the Stockholm and the Brussels socialists started their own banks which are do- ing very well. Germany-s socialists have, lying in different banks, largely in the branches of the Deutsche, a sum estimat- ed at $62,50ooo0, which is more than the whole capital of the Dantsche bank. That is the nucleus of their money power. Their potential control over capital Is much greater They can get support from most of the 4250,O00 men who voted for the party at the 1912 election. Taken with their families, these socialists represent third of the empires population; and they own at least third of the S4, 450, coo, GOO deposits in the savings bank; also a large proportion of deposits in other banks. A wel-managed socialist bank would attract much of this vast capt. tai. That is why the threat of the la bor unions commission so frightened the banks; and why the financial press, which is influenced by the banks, is demand inr a special (which means hampering) state control for the proposed bank of social democracy.
 For years past socialists have declared that the party organizations have far greater accumulations of wealth than they can use, and that socialism must, therefore, go Into capitalist enterprises. Until lately the general public had no idea what these enterprises meant All that was known was that the socialists own large blocks of state and municipal securities. During the present year so- cialist capitalism has gone further It is announced that different socialist bodies have financed loans. In November, 1913,