Omaha daily bee., 1916-03-18
CHANCELLOR TO QUIT
GERMAN CABINET
Report by Way Of Switzerland that
Won Bethmann-H -Hollwog Will
Resign His Post.
BUDGET UP IN THE REICHsTAG


LONDON. March 17.--Dr. Won
BethmRnn-HollTeg. the imperial
chancellor, may follow Admiral Won
Tirpitz into retirement, according to
a dispatch from Geneva to the Daily
Express quoting Berlin reports.
which also state that Prince Bern
hard Won Buelow. the former chan
cellor, will soon leave Lucerne for
Berlin.
BudEet I'D I'm ReichstaG.
BERLIN, March 17.--(By wireless TO
Sayville.l--Dr Karl Helferich OF the inn
periai treasury introduced "a the Reich.
stag yesterday the budget proposals and
bills for new war taxes. Dr. Helferich
insisted upon the necessity for rigid
economy in framing up the budget. say
nr:
I'VE shall put on the brakes wherever
We can"
Or. Heiferich said it was essential to
make adequate provisions for war re-
auirements in the way Of loans
This n not red tape" he said. 1T 81
nothing but duty and foresight for a
coming day
The secretary pointed GU that an in
crease IN revenue BY taxation was neces-
sary. although. be said. every German
expected peace would bring financial ad-
vantages. After stating that war ex-
penses were not included in tho budget.
he referred 60 the fact that the influence
OF tho war was noticeable IN the Increase
Of interest on tho public debt. which was
1.36s. 10000 marks last yesr and IL now
= nnn f.ann n.I4 n
showed a deficit OF sso0oo.O0o marks.
which was to be covered by new war
taxes.
Dr. Helferich took exception 70 state
ncrts that no had said no new taxes
were contemplated during the war. A q
matter OF fact. he had said new taxes
should be avoided as long as the regular
sudget. together with the requirements
for providing for the public debt bal
anced without them. The secretary also
replied 10 criticisms that he had shown
lack OF originality IN devising the new
taxes. declaring he cared more for money
than originality.
DR.. Heiferich urged the ReIchstag q
expedite the financial legislation. saying
that the new taxes would provide 10000.
600 marks each week for carrying on this
war.
The secretary compared tho financial
resources Of Germans as exhibited dur
ine The war with those OF It's enemies
He said France up 20 the present ha.
not raised even 100000 marks IN wal
loans and that England had raised be.
tween is.ooo.eoo.o00 and 1900 10000 marks
Of which 1900. 10000 was IN the form Of
short term floating debt. Germany
he SAID. had raised 5000 ooo.ooo mark,
and al the loans had been consolidated
AZ the same time She cost Of the wal
in January and February fell below 2.ooo.'
10000 marks.
Savings Deposits xnoseAse.
German aavings hanks. the ssoretas1
continued. now have deposits b0oo00eo
marks IN excess OF INA IN addition {,
which l.boo.0O0.ooo marks has been with
drawn from the hanks for war loan IN
vcatments.
oermanys enemies. DR.. Heiferion as
serted. are carrying on a campaign ol
defamation which extends even into thii
country. whore paid agents spread ru
inors for. the purpose Of impairlng ths
success og war loans.
The secretary reminded the Reishsta1
OF the battle now In progress At verdun
saying;
,our troops have the right to expsc
that We nc heme prove worthy Of them
ana also that every one shall contrihat'
a. he a able In the effort 70 brini
about victory and peace