The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1918-04-08
GERMAN HOLDINGS
IN UNITED STATES
TO Be DISPOSED OF
Alien Property CUSTODIAN, Armed
With Authority from Congress,
Will Undertake to Break Up the
Teuton outposts of Kultur,

~ sssoeiASGp psGss |
Washington, April N.--Now thanl
congress has enacted a law whicn
provides that al the great German
holdings Of property and Investments
in the United States shall he sold fcl
Tho highest bidder, the alien prop |
cry custodian already invested with
probably the greatest trust funds in
the world. will undertake the task 81
breaking up these outposts os kult'ir
which In the years gone by have been
nothing loss than agencies Of the Ger,
! man military and diplomatic system.
Tho same law authorized the presi-
dent to take title tO the great German
steamship piers and wharves ~ Ho-
bokcn. New Jersey During the war
these will be used 10y the army an
navy. What will become % them ats
tcrward has not been entirely planned.
But the auction OF German prop
erty interests and investments VIII put
ON tn" market some OF the nest K
held IN America by many prominent
| German statesmen and ever by tho
German emperor. Ills holdings are
said to be guilt edge and although
| held in some cases through other per-
sons, they are sure To b. uncOvrcd by
the relentless search Of tho allen
property custodian.
Combating every device to conceal
German ownership in American con-
Germs, probing into the Facts regard
ing every suspicious company, se'z-
ing who ever there IN violence or an.
enemy alien ownership, h value Of
stock IN American corporations, 80 far
taken over by A. Mitchell Palmer. the
allen property custodian, IL enormous.
- tN. AaaHI ia fhaa.s
corporations carries with II the con-
trul Of larger lumber comapines' ce-
ment concerns. brewery establish
mrnts chemical works, trust institu-
tions and manufacturing plants OF all
kinds. ln al Of these the alien prop
crty custodian. having the majority o.
the stock. has placed "a majority "f
directors TO represent the government
during the period OF the war ana 80
long afterWard IA may be necessary
Mons INA 30 Companies.
More tina fifty large companies
ranging in value as high As Alo,poo,'
900 each are already under govern
ment control in this way, and a hea'y
Interest In many other concerns hif
been taken over thtvugh the opera
! lions Of the alien property custodian
office. The purpos" is 20 MAINTAIN
and continue the product and deNe'
i opment of these corporations for thc
advancement OF American industries,
Thorough and permanent American
iza,ion ~ t.ese corporal" Industries
* unuder the power 81 sale
given by the amendments TO the urg-
cnt deficiency appropriation act
Inquiries coming into the alien GUS
tudan's office FROM every direction
indicate that the exact SCOPE OF TINS
arm ot the government with It's rahl'-
fcatlous not only throughout c"ntin-
entail United states but into HaW'l'.
the Philippine. Por"t" RICO, IN" VIZ
gin Islands and elsewhere, is not cl'aI-
/, unudcrstood II seems 20 be q hit
mllyltng to many how an America I
corporation existing under the United
states laws and doing business In the
tinted states. can he seized %, the
alien property custodian as IL tho cor
pnration were an ENEMY alien The
custodian frequently announces that
he has appointed a board 81 dtre'tor7
on some large American corporation.
despite he fact that there seems ga
he no provision in what ~ known as
the Trading with the enemy act
which gives him ans such authority
This procedure, howcycrh Be- simple
effective and altogether regular
Trading with Enemy Act.
The trading with the enemy act
under which the office of the allen
property custodian is created require
every corporation In the Unite
States 10 transmit 20 him a fun lis'
~ its stockholders who are known I'd
h,, or whom II has reasonable caua
90 believe 90 he. "enemics.' Whe'
these reports disclose that a majority
l"C me corporations stoch Is enemy