Evening star., 1918-12-01

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Germany They deserve great deal than ordinary credit be-
the that German propaganda and German were
avihy everywhere embo the Spanish people in quae
with the Allies and make them believe that Germany mighty
Spain To the side of the coming that
Spain willingly joined the Central Powers she would be made
dearly later when Germany conquered the world German
propagandsts told the Spanish people that only matter of
days months before they would through France into
SPAIN and retaate for her folly joining the Central Powers
in the great
When this threat Needed Germany used other
her command German nowned and banking nstu
ons in SPAIN spread propaganda that would make the Spanish
sus the Allies which she realized Of such help in main
tanning the Allied armies the Western Front.
Germany with very little and the Spanish
people while strictly adng the international laws Of neutrality
nevertheless contributed their full helping the
An idea prevails good many quarters that the fault
Of the Spanish authorities and the Spanish people that the American
dollar the French franc and the British pound sterling selling
at discount SPAIN hat is not the case 1t was ue TO failure
the the Allies recognize the principle that Allied crre
Just did recognize importance
of maintaining their exchanges Spain hardn the
has been mattero bring the values OF the Allied
currencies in Spain to an almost par value.
The Allied currency deprecated in Spain
due the fact that the Allies permitted their currency be de-
preciated all other
of that fact could not have been expected accept Allied
when impossible for her to her obga
with Allied Thus the discount of Allied
Spain could not be blamed but the Allied
themselves who failed recognize the importance of maintaining
the value Of their currency everywhere at par.
If Spain had accepted Allied currency par
of the Allied balances settle her obligations other neutral
countries she would have had take depeca
ton in Allied currency.
While German propaganda in Spain very strong (espe
cay among banking institutions, which prevented
bankers from keeping balances in London Paris New York;
nevertheless possible for merchants bankers and for the Allied
obtain unlimited credits in Spain with which
their supplies In the final analysis the Allied governments and
people would not have suffered had they taken full advantage the
credit facilities that the Spanish people and the Spanish gov
ernment made available them only recently that the
Allied governments and the Allied bankers the
merchants have begun take advantage of the situation and
has been possible bring the vaue the Allied currency only
Spain but in other neutral countries par value
heretofore
AS evidence of the tremendous expectation the Allied
countries of materials and manufactured point
the rise in prominence of the shipping of Bboa
Span where shipping values have increased from
twenty to hundred share The
Huva, which the place Of outlet for British controlled and
operated Of Rio Tno became of unprecedented
activity.
Spain furnished the Allies with lumber with which to build
railroads in its military advances. It furnished them with on
"copper" with manufactured cotton, with fruits with ell with
serves, with paper and with nnumerable commodities greatly
needed the Allies and difficult Of the
of shipping facilities.