The Bridgeport evening farmer., 1917-11-23
BERLIN HOARDS
UP COLD; KEEPS
LARGE RESERVE

The gold hoard Of Germany proba-
bly, Is as great now, if not greater,
than at this time a year ago, despite
the enormous expenditures of that
country all over the world on propa.
ganda, espionage and kindred wal
adJuncts, according to the London
Statist, which, in reviewing interna-
tional banking, devotes several col
umns to German affairs. At the close
of the last year the Imperial Bank OF
Germany held $630,120, 900 in gold.
The review states that the Kaiser
is mailman, but he has collected
men about him> such as madmen de-
sire, and that the governing clique in
Germany still believe they will come
out Of the war without being ruined
and will have use for their gold
hoard. With the defeat of the leu
tonic Allies great proportion, if not
all of this, would be eaten up by in
IDENTITIES. The Statist says in part:
ITO begin with, when Germany
adopted the single gold standard and
demonetized silver she exerted her
self very actively to obtain a large
amount of gold. Subsequently her
government did everything which its
knowledge suggested to promote the
trade and manufactures of Germany
and, as a matter Of fact, no country
in the world increased in wealth more
rapidly and more surprisingly than
Germany
She pushed her trade in every di-
rection. The late Mr.. Chamberlain
spent many Of his last years trying
to persuade the people OF this coun-
ty that Germany was, in fact, taking
away our trade from Us, and there
fore nobody who has paid proper at
tention to what has been going on in
in Europe during the last half cen
tury can seriously entertain a doubt
that Germany. when the war broke
out. possessed an extremely large
quantity of gold.
THE instant Germany resolved upon
war she suspended specie payments.
From that day to this. consequently,
nobody, without the permission OF
the government. has been allowed to
take single mark in gold out of the
country. In addition to that, the gov
eminent. once war was declared, used
every means in its power to induce
its subjects to part with their gold
and hand 1t to itself.
'sFurthermore. it is to be recollected
that there have been a large number
of wealthy neutral powers which have
traded until recently with Germany,
and that from these Germany has
been able to obtain some gold, at all
events.
Lastly it Is to be recollected that
in three and q quarter years Ger
many has overrun. and still retains,
the wealthiest narts of France, Bel
GUM. Serbia the whole of Poland
and a large part of Rumania, while
she has made raids into other coun-
troes. as for example. Persia.
Everybody who has followed the
details of the war is aware that Ger
MANY has lived uDon the countries
which she has for the time being oc-
cupied, and that among other things
she constantly levies contributions
which have to be paid in gold.
Therefore we would ask any ord1-
nary man with a. little knowledge OF
the world: Does he see any reasona-
BILE grounds for doubling that Ger
many, acting as the mistress and
plunde rer of such extensive territor-
les, has not collected a very large
amount of the metal?
TO wind up we would ask those
who may still be incredulous: II
Germany is not rich in gold how do
they account for the fact that Ger
many has been during three and a
quarter years, and Is today, bribing
influential people in every country in
the world, whether hostile or not;
that she Is spending money as If 1t
were dirt; and that there are large
factions, even in countries that are
hostile, that would willingly make
terms with Germany if they could?
IF Germany really believed that
she would be defeated in this war
and therefore that it was no use for
her to keep any gold do you seriously
thing the German government and all
Its advisers of every kind are so alb
kolutely mad that they forced on the
war without any provocation of any
kind, and go on fighting for three and
q quarter years?
''rhat Germany now is growing
anxious we think in the highest de-
gree probable. That the more far
seeing and more enlightened Ger
mans look with the gravest appre-
hension to the future we do not doubt
But, unfortunately, the Kaiser is a
madman and he has collected about
him the sort Of advisers that madmen
desire.
with regard to democratic feeling
we fail to see even a spark Of it in
Germany. Those who call themselves
SOCIALISTS Of various. kinds are no more
democrats than they are angels. They
have their own cranks and their own
names. Germany will be converted
to democracy in time, of course. II
vate their memories they would
know that there was a very strong
tendency toward democracy in the IL
or 20 years that preceded the Prus.
sian conquest of Germany"
MAnE REMAINING