The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-11-21
ALIEN PROPERTY
WARNING ISSUED
Palmer Says Dcrelict VIII Be
Prosecuted Even During
Armistice.
REPORTS MUST BE MADE
Sales Of Certain Glasses of
Teuton Owned Interests
to Continue.

Warming was issued yesterday by
Alien Property Custodian Palmer to per-
sons having custody or, control Of enemy
property that the signing of the armis-
tice in no way alters the situation with
respect to such property.
The attention of delinquents who have
not yet filed reports on the property In
their control is also called to the fact
that failure TO report Il will incur liabl-
ity to prosecution despite the signing OF
the armistice. A statement issued
from the local office of the Alien Prop
erty Custodian read:
'The signing OF The armistlce does not
change the functions or affect the poll
cies Of the Allen Property Custodian in
any way. The United States and Ger
many are still at war and the trading
with the enemy act In still in force. The
Allen Property Custodian, therefore, will
continue to perform the duties which
that act lays upon him, and will carry
out the evident intent of the Congress
with relation to enemy property until
final peace shall come.
Much Property UnrepOrted.
AS long as the trading with the
enemy act is in force II remains the
duty OF all persons having the custody or
control OF enemy property in this coun-
try to make report thereof to the Alien
Property Custodian. Despite the fact
that the time for making these reports
has long since expired. reports are still
coming TO this office, and there is much
property in the country not yet re-
ported.
Attention is called to this fact be-
cause persons having the custody OF
| enemy property are making themselves
liable to prosecution under the act for
failure to report It, and this liability
will continue even after the treaty OF
peace shall have been made.
Some misunderstanding OF our policy
with respect TO sales OF enemy property
| seems to have arisen. That policy was
announced at the time the Congress
passed the amendment to the trading
with the enemy act. empowering the
Alien Property Custodian to sell enemy
properties at public sale, and It has been
| adhered to strictly ever since.
What VIII BE Sold.
Speaking generally, only two classes
OF property have been or will be sold.
These are:
First, the enemy interest in partner
ships branches or agencies 10 which
licenses TO do business have been re-
fused or to which licenses have been
granted for the purpose OF liquidation.
1n~these cases. In order TO liquidate, we
have been compelled to sell property OF
various kinds.
Second, the enemy owned shares OF
stock or other interest IN American cor
porations where the enemy holding Is
large enough to influence or control the
management OF American industrial and
commercial concerns. 1t Is perfectly
clear that In granting the power of sale
the Congress intended that the enemy
lNterest In such corporation should be
placed in American hands for fair value
after public sale thereofAt the time
the armistice was signed a iarge number
of such properties were ready to he sold
by the Alien Property Custodian, and
these sales will be proceeded with.
Investments OF individual German
subjects, either in stocks. bonds, mort
cages. real estate or other property IN
America, will not be sold except they fall
within the two classes herein mentioned"