Evening journal., 1919-01-30
GERMAN WEALTH
IS 92 BILLIONS
Hun Expert Thinks $l0,-
600, 100000 is Enough
for War Damages
WHAT SHE OUGHT TO
PAY. SOMETHING ELSE

NE.A. Special to The Evening Journal.
LONDON. Jan. 30--How much indem-
nifty can Germany pay2
Even experts in matters OF finance
and. economy differ.
But here arc figures on Germany's
national wealth--flgures obtained from
one Of Germany's famous statisticians--
Professor Karl Ballod. chief OF the bu-
reau Of statistics OF the Prussian gov
ernment
Germany's national wealth is 37o bill
han marks, according to Professor Bal
lod. That Is s92, 500, 100000 on the basis
OF peacetime exchange when FOUR
MARKS WERE EQUAL TO A DOLLAR.
Now the mark has deprecated TO a
little less than half that amount. But
Ballod predicts that the exchange Will
be normal In ten years.
Here is the way he figures the Ger
man national wealth:
Marks.
War fund, equipment,
etc. ..... ..... see. .iuO,VUO,VVJ,VVO
Rural houses. property e0,0O0OOO,OOO
Town houses, property s0OOo,oOOrO00
Stocks, shares ...... .... 40OOOOOOOOO
Railroads ..... $4,000, ,000, 900
Mines, manufactures 80. 25,OoO,OOO,OOO
Raw materials 90. -. -. 5OO0,OOO.OoO
Public buildings &C.. ..... 5OOo,OO0.OOO
The war cost Germany los billion
marks, Professor Ballod said. The item
OF 100 billions under the caption OF
war fund. he explains as being mostly
war bonds in the hands OF the people.
Now, Professor Ballod pointed out,
~ orf q
able. He also said Germany now has
only one-third Of its former wealth
commercially.
"Statistically," he added. I'VE are 20
billion marks poorer than before the
war"
Ballod went on 10 give his views OF
how much Germany could pay-or, in
his opinion. how much Germany ought
to pay"
II Germany wants to pay for the
ships she sunk and pay for the dam
ages she has dUne in France. In Bel
gium and dismiss her army. Il Will
cost her about sixty billion marks he
said
Here is the way Professor Ballod fg-
ures reparation:
Marks.
ships sunk ...... ...... $1,000 100000
Damages In France ..... ~ 600. 100000
Damages in Belgium -. .i0000O000OO
Demobilizing army 80. .23VO,OOO,OO
The dismissal and disarmament OF
the military establishment would be ex-
pensive and tedious, Ballod said. be-
cause OF the necessary evolution into
pesce-time pursuits OF millions Of men
who hitherto knew nothing but the
business of being soldiers. His esti-
mate s based on the assumption that
Gernany's future standing army viii
consist OF only 100000 men.
Professor Ballod's figures do not in
.clade actual war indemnity only repar-
alton for damages done. He said 81
billion marks was the maximum Ger
many could-or ought to-psy for sink
ing ships ana devastating northern |
France and Belgium.
Remember that this figure is based |
on his statement that Germany's actual |
national wealth Is only half Of $40 bill |
lion marks-because OF the low rate Of
exchange. Then he adds that the 81
billion nprks reparation can be paid
IN from five 10 ten years.
It seems the logical cOnclusion-con-
sidering Professor Ballod's statement
that the rate OF exchange will be nor
nal In ten yesrs-is that on the basis
OF HIS OWN figures Germany CAN pay
at least twice as much
: What she OUGHT to pay is some
thing else again.