The Birmingham age-herald., 1915-07-13

financially in the revitalizing of German industries.
 This view has had wide circulation among the leaders of finance It is in accord with ther own view and un- doubtedly explains why bankers are now so free to admit that one of the first aid" efforts. so to call it, which the United States must make after the war is ended will be that which is offered to Germany so that her industrial sys- tenn may be speedily restored
 Bankers say that not much German | money has come to the United States
 since the war began. Those stupendous currents bearing funds in great amounts | across the sea to the United States had | little or no infusion of Germany money | Therefore, it must be that if the United l States assists Germany that aid will be given through utilization of some portion 1 of the great accumulations of money which will be in the hands of the United States at the close of the war repre- 1 senting purchases here chiefly by the all lies and to some extent by Italy.
 Germany and The Foreign Trade
 Shortly before a state of war was declared by the belligerant nations,
 last July, Norman B. Ream was in con- l ference with bankers with whom he was intimately associated in large af- 1 fairs and at the informal meeting of | this morning some things he was then 1 quoted as having said were repeated. ! Mir. Ream could not believe that the 1 crisis would develop into actual war. | He said that he had personal knoWl- l edge of the methods adopted by Ger
 many so successfully whereby she se- 1 cured within the past 10 or 15 years | a vast amount of foreign trade.
 MT. Ream spoke particularly of Aus l 1 far east. He was personally familiar with trade conditions in those market
 As one of the finance committee of the United States Steel corporation, he | knew with what earnestness the rep | resentatives of the corporation had at
 tempted to secure in Australia and the
 far east great markets for the prod l ucts of that corporation. So, also he | knew of the approaches of representa- | tives of the corporation to some of the mark cts in South America. This in l formation justified him in saying that | the Germans had become almost the
 masters of this foreign trade for they | had been able to secure a volume won l derfully large of trade even In Aus 1 tralIa. where naturally the disposition | would have been strong to favor Eng 1 fish made goods. In competition with | the United States the Germans more than maintained their ground and they
 had so thoroughly perfected their in dustrial system and were so rapidly l approaching mastery of the difficult
 and delicate science of foreign selling
 that 1t seemed to him incredible that | they would imperl the great business
 structure which they had built by risk ing war with France, Russia and | Great Britain.
 ! Mir. Ream was also quoted as having
 said that he could not believe In the sincerity of the complaint that Eng land so dominated the sea as ultimately to strangle Germanys commerce. MT. | Ream knew how easily Germany had l entered the markets of the British isles and with what mastery she had com peted with England even in the brllish colonies. so that it seemed to him that there could be no sincerity in the as-
 sertion that Germanys commerce was
 at the mercy of England. Two weeks later MT. Ream confessed himself to
 be amazed that Germany should risk
 her wonderful business and industriai
 structure by going to war. However.
 he was of the opinion that 1t was Inn
 perativ that after the war was over inc United States should offer financial
 aid to Germany as we'll as to the oth
 CT nations engaged in war. That view
 was confirmed only short time pe- fore Mr Ream's death. in December,
 when he had detailed information Of
 tbe magniture of the purchases beHiger- ent nations were making in the United
 States. He intimated that some or the
 money received in payment Tor tnese
 purchases would go back to the oel-
 iirerent nations in the form of loans and
 that Germany would receive a falr
 share of assistance of this kind.