Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1918-12-02
Economic Prosperity Of Former
Central Empire Depends on
Attitude of Allies On Free
Trade or Tariff.
AUSTRIA WILL NEED
MATERIAL ON CREDIT
Can Do No Business Without
American Cotton, Copper
and Wool and Has No Cash
To Pay for 1t Now,


Vienna, Nov 80 Saturday, by the
Associated Press. DIR. Alfred Treichl,
managing director of the Anglo-Aus-
trian bank which has working capi-
tai of 0,000,0 900 and branches
throughout the former Austrian em-
pire, in an interview today with the
Associated Press said:
THE biggest question the world IS
now facing is whether the free trade
or the high tariff principle shall be
applied between the nations and IN
particular, what the United States will
do in this respect. ON this question de-
pends certainly the economic pros
perity of the former central empires
and possibly their political happiness.
"The dimensions of the war GER
tainly have been too great for Aus
tria. We are overloaded with war
debts, though 1t must be remembered
they are largely internal, with two or
three billion crowns owed TO Germany
and also small loans obtained in the
United States before that country
ceased its neutrality.
Must Have Material.
1--WE have among ourselves merely
exchanged materials for paper money
and bonds One problem we are fac
ing. is for each of the new republ1cs
to make up its accounts and divide the
war debts so that each will know
where 1t stands.
Never in history, however, has any
enterprising people been crushed by
debts. If We can produce we can pay
back all our debts in ten year. But the
great difficulty is how TO start pro-
duction
What we need in Austria first is
food, so that we can keep order; and
then raw materials for manufacturing
which are in the hands of our former
enemies.
''The important point is, will the
United States send US raw materials
against a loan? say the United
States, because it has copper and cot
ton and no body on earth can do bus
mess without American cotton. Pos
sibly South America could sell us wool,
but doubt exists if it will be able TO
sell on time.
"Financial help for the former CEN
traI empires must come from the An
glo-Amerieans. They are the only ma
tons able to furnish aid of this kind,
as France no longer is in the position
of money lender to other countries.
1.-THE peace conference should ar
range first to pay our debts outstand-
ing abroad later collecting from u.s.;
and second. should provide US with fl
nancial means and give us raw ma
terials.
These terms apply to the former
Austrian empire. As regards the Ger
man republics and their war indem-
mites. they are richer than we. They
also hold more foreign stocks and
bonds. q s .
Vienna Is Doomed.
1T appears that Vienna is doomed as
q big center 1t is a big head on a
small body. But deader city will be
Trieste, which. always crime against
nature, was kept alive artificially by
rebates. Because of rebates, coffee en-
tering that port enjoyed a lower tariff
than the tax by way of Hamburg
Czech exports also were given low
railroad rates which induced usto use
the Trieste route. The same facts are
true of the Hungarian part of Fiume.
Even as a neutral port Trieste has NO
future Whatever overseas trade the
new republics will have will go by way
of the Danube river and the Black sea
route, though the Czechs probably will
use the North sea.
II don't think there will be immedl-
(Capffpred on Page TWO1