Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1915-07-15
PESSIMISM AND
OPTIMISM.

Periodicals in Germany devoted to
the commercial expansion of the
country are assuming the triumph OF
German arms, but they are not
agreed about the effect upon inc''s-
try and the oversee trade. Thus tflG
conservative Neue hamburger Bor-
sen Halle takes a Gisquieting view
of the conditions that will preval.
after the restoration Of peace. Inc
interest on the war loans and pen
sions is calculated at 2,OOO,00o,OOO
marks annually. How can prosperity
be restored if this debt is to be llqul-
dated? 1t is admitted that the ma
tional capital will be deprecated by
the tremendous expenditures during
the war, but to what extent cannot
now be estimated 1t will take many
years, if practicable at all, to recover
foreign trade lost in the East TO
japan and in South America to the
limited States, not to speak OF the
difficulty of finding a profitable mar
ket in the British possessions and III
Russia. The home industries are
hound to suffer not only from the
loss of thousand Of competent work.
men killed or mortally wounded IN
battle, but from the emigration Oh
thousands more who will not submit
to reduced wages and increased taxa
ton.
: The Hamburg publication does not
touch upon the compensatmg 1ac'o'
of great indemnity wrung from
Great Britain and her allies, clr'
cumstanca indicating that 1t Is not
confident that Germany will pI'
a nemies under her feet.
optimistic survey Of TIE trade
,. Industrial future is taken by Nord
ind Sud, a standard publication. II
has beer interviewing the II ~
ders and mining magnates, Nh'
bor nod oubt of Germany's en- 2e'@e
from the war master Of Euro
arbiter of the worlds destiny.
leaders of industry are jubilant ove'
the prospect of adding the iron &c
posits in Northern France 10 the IA
tional resources. The annual out
nut is 100000 tons Of ore, which,
thew say, German methods should III
crease. Coal mines of new territory
in France and Belgium are also t'
he a valuable asset, and German
thoroughncss will make the most OF
them. In Antwerp will be acquire;
= trading port available for the eN,
mansion of foreign trade, while bfuS
cole will become an internationa
financial basis, second only in COURSE
of time TO London. The anneHatic'
IF Russian Poland will be serVicao''
For aerarian expansion, German
ideas and energy being substituted
for Russian inertia and thrl1t'esS-
ness.
Both England and France mus
mart with colonies to power ti'a
yil, know how to get the last maF'
ont Of them. and to those nc" terri
4o.;os The overflow Of German popu
1,+;on ran be sent to look alte' tn'
:,,+orer+ If the Fatheriand. So Moro
.,d snd runs on in its conlp!arency
:. ontortains no doubt that the IN
$3.50 -, the war loans can he me
,,.;+ho,t difficulty. 1t is evidently TN
o.;n;on of this trade journal that il
tho european as we'll as III he 10Y
o;rn markets victorious Germany VIII
maintain her right to the hon sHar'
81 nrofit, making short WORK o! ne
councillors. The alternative o. az
feat or a draw for Germany IN u"
.,,r is not considered by any OF ne
economists. There is no one OF sue
r.tIo faith as to touch the s''"jeci
and speculation about it by IN
enemy would be laughed 10 S