The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1916-01-18
GERMANYDEF|ES
PLANOF ENEMIES
TO STARVE HER
Secretary Of Treasury Tells
Reichstau Teutonic Empire
{ Cannot Be Defeated

= NAtNtfAANn W iiihht HvyHE $780,
threats to plunge Germany into starva-
ton and banktnptey was voiced by DIR.
Karl Heltferich, secretary of the treas,
ury, in his address before the Reiehstag.
''on the golden pillars of the British
Empire CLEANS, in flaming charaeters:l
Meme, Meme, Tekel Upharsin,' were
Doctor Helfrerieh's final words.
Responsibility for the blood which
will flow from now on, > said Doctor
Helferieh, 'Sfor the misery which
comes upon the world, for the danger
to which civilization is exposed, falls
not upon Germany, but upon those who
cannot resolve to draw the conclusion
from Germany's military successes
which no one can dispute any longer.
The responsibility falls upon those who,
in their foolish and criminal Illusion.
still speak Of annihilation and parti.
tion of Germany and Of war of ex.
haustion. We stand like rocks in the
soil Of the home country"
The secretary's peroration contained
complimentary references to German
American efforts TO prevent the success
of the Allies loan flotation in the
United States. Characterizing the loan
as failure, Doctor Helfferich said the
amount unsold was estimated at be.
tween $l50,000,OOO and 1850, 100000.
He added: H. .,s'
Difficult conditions in the English
money market were accompanied by
deterioration in the English rate of ex.
change. England was threatened with
injury to her prestige in the interna-
tional money market, endangering her
supply Of war materials and provisions
from America. Under the pressure of
this situation, England and France
sought credit in America. 80 ~
Praise For the Hyphens
" The result did not correspond to
expectations, and accordingly both soon
attempted to obtain further credit.
Their small success was due largely to
the resistance of American citizens of
German origin a., +. ..'nE.s
Doctor Helferich then compared the
course Of gilt-edged securities of
France, England aud Germany before
the war and now, ss'.@ ...,s :,g..l, .
aWe are paying almost exclusively
to ourselves, = said the secfetaty;'
: while the enemy is paying abroad.
Therein lies the guarantee that in the
future we shall maintain the advant-
age. u .rGao ~" .dBl ~
1t must be added thai money is
different ana imor9 important
with EnglantisbhaA with tss The Brit
ish Empire was iargebS bu5it up on ana
maintained Ikgo BritHPgiIdney power.
England formedl her ALLIANCES and
waged her1wars for the most part With
money In the present wargalso, Bng1
land hopes to proceed according TO this
method, but our brave troops forced
England to stake not only English
money but English blood. II Ia +
The raising Of strong arnieS tn4.I
creased England's war costs boundless-A
ly and brought English finances TO a
state which u continually described by
British statemen as extremely serious.
With the shaking of the English finan-
cial power the foundation of the Brit.
lsh Empire is lettering,
Germany Can Recover
Germany 5 relation to money is DIFF.
ferent. She can bear to become poorer,
and always remain what she is. We
endured the the Thirty Years War, and
the NaPoleOnic Wars We were sucked
dry, plundered, beaten, cut up, but we
always worked our way out and grew
together again. But when the British
Empire has gone to pieces it will never
rise.
"Het this nation, England, pro
nounces the outrageous words regarding
a war; Of exhaustion. We know we
possess what we need to live and fight.
Bread, potatoes and other necessaries
are cheaper than in England or France.
The enemy shall know that we would
rather foregO all abundance, bear all
hardship, than suffer the enemy to
command us. The enemy shall know,
Furthermore, that the sharp sword, the
unbroken fighting spirit and confidence
OF victory are at our disposal The
German iron fist, which Just now has
blown the iron gate and opened
broad road to the east, is ready if
our enemies wish to strike anew.
Extols Berlin Finance
Doctor Helferieh gave a long com.
parisOn, of the successes of Germany
and her foes in financing the war. He |
pointed out that Germany had covered |
the greatest part of her expenditures
by long term loans. He said that only |
Great Britain, in the other camp, had |
had any success in doing this. A sec.
ond pointed difference, said the speak. |
eC, was that Germany hitherto had |
drawn her funds almost exclusively
from home sources, while her opponents |
had been forced to tap sources abroad,
particularly the United States. A third |
point, he said, was that the conditions
Of each successive German loan inn
proved, while the conditions of the
loans in enemy countries bad grown
progressively worse.
Doctor HelffeTich declared that Great
Britain had underestimated the costs
u the war badly. He asserted that |
statement by Sir Edward Grey, Brit
sh Aecretary of state for foreign af-
fairs ut the outbreak Of the war, that |
he eoHAict would impose hardly great
n sacrifices on Great Britain if she |
than il she remained neu-
raj, would 4earcely be accepted now.
he said Dawn Lloyd Georges idea at |
he, outset of the war;, that, in accord,
lnce with British traditions, it could |
De financed TO a. large extent through
Extra taxation, hadEmet with STUN,
bling block in parliament and that the
axation proposals, instead of fnanc-
ng material part ofNthe war costs,
would scarcely suffice TO pay the in.
crest burden. IN !