Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1915-09-26
GERMAN LOAN THE
WORLDS GREATEST
Raising Of Three Billion Dollars at
Home Mightest Financial
Deal in History.
EXCEEDS LAST ONE OF BRITAIN

AMSTERDAM (via London) Sept.
25.--A dispatch from Berlin states
that Emperor William has sent
telegram to DR.. Karl Helfferich. sec
rotary OF the imperial treasury.
thanking him for the success of the
third German war loan. The en-
peror's message is quoted as follows:
81 thank you for this great sue
cess OF the financial war loan with
which you have been entrusted. The
German nation. full of confidence in
Its own strength, has shown its
enemies and the whole world that in
the future it is UNANIMOUSLY united as
ae man, is unsuitable and will con-
tinue to its end war obtruded upon
US by criminal surprise, and make
every necessary offer of blood for
the security and liberty of the father
land"
Greatest Loan in History.
BERLIN CVia London), Sept. 24-The
German war loan raised September p IS
the largest financial operation in the
worlds history. said DR.. Karl Helfferich.
secretary of the imperial treasury, TO the
Associated Press today. With total
OF twelve billion marks CO, OOO. 900, OOO) and
some small sums not yet reported, the
secretary said II exceeds Great Britains
Last loan. which attracted much attention
all over the world as an unprecedented
piece OF financiering.
"-rhe present loan" Dr. Helfferich con-
tinued. enables the government to
houidate treasury bills taken over by the
Rsichsbank and other banks, provides
Germany with money for the winter cam
Paign and renders unnecessary the rails
ing Of another loan before March.
Who spends Most.
ENGLAND hitherto has raised A,oe2,-
10000 and Germany $3.50 10000 in long
term loans, whereas England's war ex-
penditures up to the present time are
hardly less than Germany's and soon will
exceed Germany's, for England is now
spending nearly s5,o0o.o0O Cs25. 200. OoO) daily
against Germany's not much above ca
100000 (S15.0oo0Oo). That means that Ger
many is spending Is cents per capita daily
and England SO cents. / doubt therefore.
whether England's financiers possess
confidence that their resources will out
last ours.
Everything said abroad about Ger
many putting on pressure and using force
to secure subscriptions to the loan Is pure
invention. We appealed solely on the
financial power and patriotism of our
Fellow citizens. Our success must omen
the WORLDS eyes to a recognition of how
strong is Germany's financial power and
how strong its will.
Not Poor Relation,
Il am confident that the succesa OF
this loan, which proves that we are
standing firmly upon our own feet, Will
contribute toward the good relations be-
tween Germany and the United States,
Notwithstanding the Morgan-Hoden Incl
dent Independence is the first word in
American history, as well as the first
word of true friendship. Amer ca can
not class us among its poor relations"
DR.. Helfferich asserted that Germany
was financially able to continue the war
indefinitely. It's people, he said we're
earning higher wages and saving more
money than in peace times. The coun-
try was supplying it's own needs and
buying little abroad and making no debts
to foreign countries.
In conclusion the secretary said that
a shortage OF supplies in some raw ma
terials like cotton and wool might cause
Inconvenience, but the people were learn
ing to economic. Old wooden clothing
was being reworked into shoddy, and
coats could be worn shorter. Substitutes
for some materials were being found, he
added.
Likely to Increase.
'The British Parliament passed last
week a credit OF $3.50, 10000. II was the
seventh since the war began and brought
the total amount to se.91O.OOooOO. Premier
Asquith said the daily expenditure of
Great Britain was SIT 10000. but that
there was likelihood of it inc. east &
owing to advices TO Great Britain's allies
md her dominions and to provision for
munitions"