Every evening, Wilmington daily commercial., 1918-05-21
CONCERNS,
MADE IN DELAWARE,
MAY Be GRABBED UP
Alien Property Custodian Palmer
Urges Roofing Out Of Ger
man Capital i'll u. S.
NICE LITTLE TWO BILLIONS

Custodian OF Alien Property A Mitchell
Palmer, IN a speech delivered ut Detroit
last night more or less forecast u general
roofing out IN this country of German
| capital invested IN concerns IN this Cu,in-
try and largely holding dominating in
tcrests This roofing out process would
| mean that Uncle Sam would take over the
1cutOnIC money. thereby adding 10 his
bank roll something like 2 billions Of
! dollars II would also mean that big
| batch of companies made IN Delaware.
which has displaced New Jersey rs the
birthplace of corporations, would be
affected and that William W Knowles.
I Custodian Palmers legal representative
| here. VIII have lot oi work Ia do, # MIR
! Palmer forecast is realized
In his address Mr. Palmer said 10 tho
| l)ctrnitcrs that Germany had htnlt
! upon the shores of tins country great
financial and industrial structure having
| a money value OF 5000, 100000 and n
! potential economic and political value far
| greater and designed to hold American
/ industry or to Illustrate the organization
/ OF our resources m case ut war
Two hundred American corporations
! were controlled hy the financial and mil
! tary power ~ Germany. he said. leading
I to a situation that might easily have
! been fatal IA America had It not been
/ discovered IN time
! These corporations are making huge
/ war profits and this government is put
/ into the position Of fostering them for
/ their owners and turning these profits
/ over after the war unless Congress die
tates otherwise
| GtRNANA CHFRf@HEp HoFF
| - significant phase If German, plan
/ to colonize, suhduc and contro the world
/ has tccn the planting ~ great indus
/ ir'a' ard commercial army on american
| soli, he snld " he titnc the uar A
( war began ~ 1914 that aruv had he-
/ come So large AMI powerful aud was So
| ilrmiy entrCnched N the industrial hfc
ni "ur country that lfs real command
ors ~ Germany cherished the h,,l,a that
| I would prnvc tho makcWcight which
would keep America ont of the war. nr
/ fallng ~ that constitute a powerful allv
ot the German cause m our verp mrist
Shall W. ctrteIticr ourselves as
mere naked trustee tor the cncpv owuer~
| ot The property because the, arc under
| the dIsai lhiy which arises from their
| enemy status Shall W. f,rutcct safe
gnarl and conserve tho prnport, fnr the
| benefit "i the ultimate owners theronf
and return II "a them IN KIND and ~
creased IN valun whom Tic war II over
.Rr shall wc consider those invest
/ ments IN thcir true light ID part ol a
great German army st industrial occu
pstion AMI convert them inta q weapon
iur o'lr own uso in striking 4 lJav III
that oncmy whose power II la otr full
purpose to destroy
iu determining uron = policy vr have
got ~ remember thst these enemy IS
tatcs natUallv fail into tua ciasqrs
witch must to treated dlfirrcntt, he
causc the motives which lrnught the
Investments here are entirely different
IN each class
IN the first class arc tho Investments
Of individual German SUBJECTS Nh Amer
Icen enterprises These arc usually IN
small amounts In many instances the,
represent the savings Of frugal German
people. while IN other cascs they arc
the surplus earnings nf mon of means
IN the oneUlv country who have hccu lo,l
~ make investments here only hy thor
confidence ~ the industrial futurc II
America without connection or co-opcra
tIon with the financial industrial or 20
lltlcal powers ot Germany
Investments Of that character should
MOI nc disturbed except 10 tho extent
of max ne certain that no return ~ IN
como fTorn thom rrv hc made available