Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1916-09-21

or crime. me same law provides
punishment for the person that gives
aid in obtaining these valuables un-
der fraudulent pretensions.
We have, it seems, no law nor is
our Government willing to punish
England and her Allies for the
crimes they daily commit in obtain
ing the savings of the American peo-
pie under the pretension that they
are conquering the Germans. While
it seems impossible to reach the
principal malefactors 1t is possible to
reach the men who willingly help
England and her Allies in making
the people of the United States be-
lleye, that England and her Allies
are winning the war and thus induce
their fellow citizens to invest their
savings in British, French, Russian
and even Italian loans.
We hear from Wall Street that the
thousand million dollars which we
have already loaned to England,
France and Russia, are almost used
up and that new loans are about to
be negotiated in New York. Paris
today serves official notice that the
price of issue of the new war loan
will be 88 francs, rs centimes. A
splendid inducement, no doubt, for
the investor who can buy 100 francs
for 88.75 francs and besides will get
from to 6 per cent. interest.
To see clear we should ask our
selves what conditions must exist in
the French treasury when it Is neces-
sary to make such splendid induce
ments to make the loan possible. 1t
is hardly necessary to say that it
does not speak well for the solvency
of the French Government.
We could state here that all the
German loans have been issued at the
price from 98 to 80, but this is not
the point we are driving at. The
question is, whether the investment
In tho bonds Of the allied Govern
ment is a safe proposition or not.
The answer is a most emphatic
"NO".
The fact alone that more than q
thousand million dollars worth in
allied ships have been sunk by Ger
man and Austrian submarines since
the beginning of the war speaks
most emphatically against the safety
Of such investments. The earning
power Of England and France has
been immensely reduced by the losses
in ships and cargoes, the losses in
men and the total disorganization OF
the industry Of these countries.
Years and years will pass before
England, even in case Of victory, will
be able to reestablish her financial
credit, and whole future generations
will groan under the financial bur-
dens caused by the expenditures OF
this war, which have reached the
stupendous amount of 100000, 900
day for England alone.
We must take 1t for granted that
the men who attempt to induce the
American people to buy such loans
are well aware of these facts, and
we are in no doubt whatsoever that
they themselves would not risk their
savings at such foolhardy proposi-
tions.
What then is the ulterior purpose
that prompts them to help England
and her Allies in obtaining the
money OF the American people under
false pretenses2
How many dollars Of the millions
that England and France have spent
for propaganda in foreign lands"
has been spent in America? For how
much have some of our pro-British
editors sold their conscience, their
sense for decency and honor, their
intelligence and the trust which the
American people placed in their
hands?
The American people today is
confronted with one of the most
difficult problems of its history. 1t
is not only the fate Of European ma
tions that is being decided on the
torn battlefelds of Europe, but also
our own fate. England has decided
to grab the trade OF the world. To
do this she has divided the world i'm
to economic strata, separated by
tariff walls and classified in neutrals
that are friendly or unfriendly to
England and her Allies. To be
friendly" to England means to be
under her control, to be dependent
from England's grace.
To which class do we belong? A
fool is he who for one moment be-
lieves that England will have the
slightest regard for us when this war
is over A greater fool is he who for
one moment believes, that England
ever wished us well, and the greatest
OF all fools is he who believes the
assertion Of our pro-British news
papers ludL lntIC tAloto CNtA NAiC
possibility for England and her Allies
to win this war.
II we should believe the lies of
our Anglo-maniac press which tells
us that the British since Friday last
had progressed more than seven
miles-two miles on Friday, one and
half on Saturday and four miles on
Sunday-the British today would be
far east of Bapaume. But where are
they really?
London itself today announces that
the British have taken Mouquet farm,
which is only half mile southwest
of Thiepval, the original German line
before the "big push" started eight
weeks ago They have only pro-
gressed in the direction Of Combles
and not more than two miles in the
last three weeks.
The lies OF the pro-British news
papers are based on the credulity Of
the American people and the deplor-
able fact, that the readers Of such