The sun., 1919-09-01
GERMANY BANKRUPT
IF TRADE IS REFUSED
English Writer Urges Impor'
lance Of Britain Resum-
ing Relations.
Special Gable Despatch to The .suS from fhe
London Times Service.

bpeCtut CdOto DespUtCh 70 1hh -coH "e"' WV
London Times Ssrv'cs.
Copyright, iais. all rights ressrrsd-
LONDON, Aug. s1.--A special corre-
spondent of the Times In an article en-
titled "why We Should Trade with
Germany" says:
Great Britain looks to France for
returning large sums OF borrowed money
with which we in turn can pay back
America what we owe her. II Germany
goes bankrupt France will be in a very
critical financial condition. In fact II
Is not saying too much to state that
German skilled labor and the great fac
tories Of Germany must be kept working
in order to put Europe on her feet.
In many of our industries at home
we are SO busily engaged on home con-
sumption, due to five years OF economy
that we are negleoting our foreign mar
kets. Either we cannot meet both home
and foreign requirements or else ouI
prices are too high. II Is a suicidal
policy to turn down foreign orders II we
could I'LL the same by purchasi sing goods
from Germany and thereby hold our for
eign trade and prevent the neutral ma.
lions surrounding Germany from captur-
ing that trade with German-mad d.
goods. 1t Is merely that financial con-
ditions are so bad in England. France
and Russia, all of which countries are
flooded with paper currency backed by
gold reserves OF 10 per cent and less
that German currency has any value a,
all to-day outside of Germany.
Few people seem to realize that un.
less Germany regains her export trade
she must 60 bankrupt. She now has nc
iron c. other metal mines worth men
tionirg excepting zinc. After supplying
France with the promised amount OF
coal under the peace treaty conditions
and by the greatest economy in house
hold consumption. Germany will hav,
only sufficient coal TO operate her fac,
tories at about one-third their capacity
She certainly has valuable potash
mines. but the export of potash alone
will not pay the indemnities she is com.
mitted to. much less the foreign mate
rails she must purchase from abroad fol-
her own needs.
Therefore the only wealth Germany
has is the Workmanship she can put into
imported raw materials. and II is onl,
by the purchasing of iron ore from
France and Sweden and other raw ma.
terial from abroad and exporting finished
articles that Germany can pay the In
IDENTITIES we ask for.
BY adhering to the policy of no
taking German goods and selling then
wherever we can ind a market we arr
driving Germany to bankruptcy ant
Bolshevism. preventing France, Belgium
and ourselves from reaping the fruit
OF victory in SO far as indemnities from
Germany are concerned. handicappinl
France from paying US back enormou.
sums of money which we have lent her
reducing consumption of our empire'i
raw materials and thereby reducing tn,
production of those in our own colonies
Offering tempting opportunity to thu
neutral nations surrounding Germany L
snatch from us our foreign trade Will,
we are busy with home markets and suf
fering from labor difficulties. Also W,
are losing shipping insurance and prom
on the handling of millions of tons o
raw materials which Germany wants a.
well as the shipping and trade OF Ger
man finished articles to foreign markets
which are all badly in need OF com
modities manufactured in Europe, de
creasing the wealth OF the world as
whole. which as natural corollar,
must decrease our empires wealth, fore
ing UP the price OF living at home to al
unbearable extent and decreasing ou
chance of holding our world market
aoaiusf hinarica