Bisbee daily review., 1918-04-28

Germany went tO war to gain greater control ever markets for her nanu- factured goods and over the sources of raw materials that enter into the making o. such goods. and the gigantic failure of these commercial aims IS already apparent. Such is the definite conclusion reached by Chauncey D. Snow, assistant chief of the bureau of foreign and domestic commerce, and his collabOratOr. Mir. J. J. Kral, Tn a report issued today by the department of commerce. The report is the result of months of investigation of German political, industrial. and commercial activities before and after the out break of the war, the value of which is enhanced by the fact that MT. Snow was engaged in an industrial study in Germany at the time hostilities com menced
 Germany's problem as viewed by her rulers was. in the words of Dr. Karl Helfferich, to overcome the limi- tation of German territory and the re- strictions imposed by our climatic con ditiOns, in connection with the growth of our population and its increasing and more refined requirements I report adds that "Germany also con- fidently expected as a result of this war to get huge indemnities, which, like the great indemnity exacted from France in 1871, would pay the bill oi the war. and would likewise clear the way for uninterrupted, unparalleled strides, leaps, and bounds in industry and trade. Germany unquestionably counted on crippling the resources and competitive power of her chief Euro pean commercial competitors
 Failure of Aims
 The gigantic failure of these com- mercial aims of Germany in going to war is already apparent" assert the authors. President Wilson has stated the attitude of the United States on the subject of the aims of annexation and indemnity. England and France have most effectively demonstrated the mettle of their competitive power power in industry and resources. When Germany attempts to resume trade, It will be with at least eighteen coun- tries that have actually been in state of war against her, and at least nine that have severed diIIJmatic re- lations with her. German commercial policy and German traders and invest Ors will henceeorth have to face gov ernments and commercial publics in every community of the world which are enlightened as to the German way of doing things. Commercial treaties withN the advantages all on the German side will be hard to nego tiate. It will be rare country where Germany may dominate trade, indus try, shipping. and finance without To- cal realization and opposition
 The primary object of the report is to throw light on Germany's prepared ness for trade after the war. a subject that has been anXiOusly discussed in this and the allied countries. To aid in reaching an intelligent conclusion on this subject a great many pages are devoted to such subjects as Ger many's wartime industries, trade or ganizations, money and banks, raw ma terials, labor conditions, land and water transportation, war loans, t9Xa- tion, and proposed monopOlies. We learn from these that obstacles have not melted away so readily before Ger man efficiency as many Americans have supposed that there has been seri- ous bungling in high places, profiteer- ing. gross mismanagement, and in tense dissatisfaction among the work ing classes. Stocks of materials have been used up, substitutes have failed to satis-y, equipment has deteriorated, some industries have profited greatly by the war at the expense of efficiency for peace times.
 Owing to the uncertainties Of war, says MT. Snow and MT. Kral, most of the measures for re-entering foreign trade are still in the stage of discus sion, only a few having received leg islative sanction. Many of the inGus tries have been syndicated or consoli- dated; an Imperial Ministry of Eco homie Affairs has been created; sub sidies have been voted to rehabilitate the merchant marine; steps have been taken to promote the eXpOrtation of German goods under the guise of neu tral products.
 Obstacles to Overcome
 The less of capital during the war, the lack of ship space, and the cliff culty in obtaining foreign credits and means of payment for the imports of raw materials and foodstufs are re garded in Germany as the principal obstacles to a speedy rebuilding of the foreign trade The low exchange value Of tle mark will enforce econ Omy in importation. and the state will be obliged to interfere not because