The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1915-04-22
Germany Not Worry
ing, However, Says
DR.. Helfferich
HAS PLENTY
OF RESOURCES
Peace Talk Futile I'm
til Kaiser Wins, He
Declares

4 oesrt8htea In erest brttntn-b
BERLIN Ivia The Hague anc
London). April 22-"If this were
TO be OF silver bullets, Germany is
prepared. Wall-st is. and can Dc
with the allies. but Germany viii
remain untrightsned. The German
people have over-subseribed two
war loans IN my opinion they
stand ready TO oyersubscribe a third
should third prove necessary"
That is the opinion Of financial
Germany as expressed 10 me today
by Or. Karl Helrerich. secretary OF
the imperial treasury. II reflects
the ofacial view OF the relations OF
finance TO the war
The fact that a German marx
today Is worth - cents instead OF
the normal "a said to him, -is
being quoted abroad as an indication
that Germany is already whipped
That Is one question not understood
in the United States. Can you ex-
plain IL from the German stand
pointy-
AT the commencement OF the
war Dr. Helnerich continued
communication between the Unit
ed States and Germany was cut
Financiers naturally are a, timio
people. First Impressions always
count with them II was impossi-
bic TO keep in close communicates
with the United states. Our Inn
ports and exports were practically
stopped. Considerable foreign In
vesTments were blocked We have
been unable 10 conduct our busi-
ness with the United States. and
your financiers and other neutrai
foreigners were unable TO know a.
bnrst-hand just what the situation IN
Germany actually was
'on the other hand. London and
New York. and Paris and New YORK
have been In complete uninterrupt-
cd communication. Morgan and
other American fnanciers establish
ed branches with the allies Success
for the latter meant success and
wealth for these inanciers. This
has all contributed TO slight depre-
citation OF German exchange
DR.. Helfferich, Who is one OF Ger.
many's most successful nnanciers.
although only 43 years old. was d..
rector Of the Deutsch-bank. largest
In Germany. until the kaiser picked
him TO handle the war finances. He
has raised two war loans exceed
ing $4,000. 1000 and Is the real
man behind the money" OF the EN-
pire.
The money already subscribed.
he continued. will last until octo-
Der or November. II the war 10
continued and more money Is need
ed. a third loan will be fioated. And
II viii be also oversubscribed Let
me tell you why he said. leanins
forward through puts Of cigarette
smoke. There are two reasons.
German money stays In Germany.
as everything the army needs -
made in Germany. when supplies
are purchased. the money goes TO
German industries and TO German
vorkmen.
The two billions available In
April which will be spent by fall
will all 90 back TO the people who
gave IL. And then. secondly, and
this is important, the German PEG
pie. their soldiers and their work.
ers. today have savings bank depos-
its OF $4,000. 00o. 900. Although many
depositors subscribed TO the last
loan. during January and February.
when the subscriptions were made
these deposits increased sI50,000..
600. Compare this situation with
France. Her one loan amounted to
300. 900 900 francs cash. n was r.
diculousiy small a mere drop in the
bucket So France is now payins
her war expenses with treasury
bills. Together with England AND
Russia she In borrowing heavily IN
the United states. France today
has a debt OF 5000. 200. 900 francs
against the Bank OF France. She
also has some billions owing for
supplies OF all kinds. That IN .
bad situation"
What effect will the British
blockade have upon the situation IN
Germany" J asked
Germany cannot be starved, We
have enough food now 10 comforta-
bly, feed everyone until September
OF October. The prospects are
splendid for good crops throughout
the fatherland this year. n the
harvest II not too much below the
normal we will have by the first OF
August enough supplies to last an
other year.
This war has now developed into
an economic struggle. England.
wso cannot fight us with iron and
steel. can ind little hope IN her sill
yer bullets or In the prospect OF
trying 10 starve women, children
and other non-combatants.
Normally. Germany imports only
Al n renult OF conservation sfncs