Bisbee daily review., 1918-08-14

 have two weeks to sell their foreign securities and to make loans Al that time few people had locked upon the Sarajevo tragedy as something that was likely to cause war. This con ference took all precautions that no such suspicion should be aroused. It decided to give bankers time to read just their finances for the coming war. and then the several members went quickly back to their work or started on vacations. The kaiser went to Norway on his yacht, VOn Bethman- HOllweg left for a rest, and Wangen- helm returned to COnstantinOple.
 "ln telling me about this confer ence. Wangenheim, of course, admitt-
 ed that Germany had precipitated the war. think that he was rather proud
 of the whole performance; proud that
 Germany had gone about the matter
 in SO metkodical and fsrseeing way; l especially proud that he himself had
 been invited to participate in so mo-
 mentous gathering.
 What's the Use of Arguine7 "The several blue, red and yellow
 books which flooded Europe the few !
 the hundreds of documents which
 were issued by German propaganda
 attempting to establish Germany's in-
 nCcence. never made any impression
 on me For my conclusions as to the responsibility are not based on sus-
 picions or belief or the study of cir cumstantial data. I do not have to reason or argue about the matter I
 know. The conspiracy that has caus-
 ed this greatest of human tragedies
 was matched by the kaiser and his im- perial crew at this POtsdam confer ence of July 3. 1914. One of the chief
 participants. flushed with his triumph
 at the apparent success of the plot.
 told me the details with his own
 mouth
 "Whenever ! hear people arguing
 about the responsibility for this war.
 or read the clumsy and lying excuses put forth by Germany, l simply recall
 the burly figure of Wangenhein as he
 appeared that August afternoon, puf-
 fling away at huge black cigar and giving me his account of this historic
 meeting. Why waste any time dis
 eussing the matter after that? The New York Stock Market This imperial conference took place July 5; the Serbian ultimatum was l sent July 22 That is just about the two weeks interval which the finan- ciers had demanded to complete their . plans All the great stock exchanges [ of the world show that the German , bankers prcfitably used this interval ' Their records disclose that stocks were being sold in large quantities and that prices declined rapidly. At that
 time the markets were somewhat puz- r zled at this movement; Wangenheim's [ explanation clears up any doubts that 5 may still remain. Germany was chang ? ing her securities into cash for war purposes.
 l If anyone wishes to verify Wan genheim I would suggest that he ex- , anime the quotations of the New York stock market for those two historic Q weeks. He will find that there were p astonishing slumps in quotations. es- ] pecially on the stocks that had an international market Between July } 5 and July 22 Union Pacific dropped } from 155ik to 127ik. Baltimore & Ohio , from 91ib to S1, United States Steel ; from 61 to 5Oik. Canadian Pacific } from fSs to 1852 and Northern Paeit- . ic from III 3-S to 10S. Al that time e the high protectiOnists were blaming
 the Simmons Underwood Tariff Act as responsible for this fall in values; other critics of the administration at- ? tributed it to the Federal Reserve , Act-which had not yet been passed How little the Wall Street brokers
 and the financial experts realized
 that an imperial conference, held in
 Potsdam, presided over by the kaiser.
 was the real fore that was then de- pressing the marketl"