Evening star., 1919-10-08
ASSERTS GERMANY
IS IN BAD STATE
Mere Shadow of Great En-.
pire of 1914, H. c. Stew
ems Says.
By the Associated Press.

ent conditions in Germany are un-
favorable according to II. C. Stevens
of the National Bank of Commerce Of
New York, who has been investigating
business in Germany for many weeks.
Germany is but a shadow Of the
great empire of 1914" ne said today.
"She is a sick Samson bound with
chains and watched by q thousand
guards. Her people are not working
and have not learned economy and
self denial; her industries are operat-
ing only spasmodically and her once
wonderful railroad system Is At the
point of disintegration.
Immediate problems before. Ger
many relate to food. coal and raw
materials" hecontinued With food
and coal her labor situation may
fundamentally unsound. as the better
part of Germany's man power has
not returned from the war. If the
laboring element Abandons the per-
raw materials in suficient quantities
can be obtained, Germany can make
a start toward rehabilitation.
ut is admitted that II Germany
were released from indemnities., II
control, If her fleet shout be return
ed, If watrhful supervision over her
army organization and munitton fac-
tories should be relstsd ana IL II .sas sas
terms, she might we'll become a
menace to the peace, but none of
these contingencies are likely to hap
pen.
Germany will apparently be decided
BY public sentiment in America. 1t
is a question to be determined in a
dispassionate way. The problem is
both humanitarian and commerciai
and Americas judgment should be
predicated on facts and not on un-
reasoning fears"
Many Industries Near Bankruptcy.
LONDON, Tuesday, October RE-
ports reaching this city from Germany
relative to the Leipsic fair throw light
on Germany's economic position. Ac-
cording to the secretary of the ex-
hibition there were 1000 foreign buy
ers present. Conversations with e1-
that many German industries were
near bankruptcy. owing to the short.
age of coal and the loss OF export
trade, their only hope being to tfaoe
with neutrals and America Fear Vas
expressed that the continued hostility
of the british would prevent trade In
England. Exhibits at the fair seemed
to show that manufacturers are not
depending upon foreign raw materials.
| but rather on novel mecnanlcaA oe-
vices.
Ane exhibit. but the prices quoted
were from twice to four times tho
nre-war scale. Exhibitors seemed 70
be very willing to sell foreign patents
| for special engineering machIne.y
while devices next in importance 70
machinery related to toys. espectaHy
are cheap, because there II pleney OF
wood in Germany. There also wefe
excellent exhibits Of mechanical toy1.
Plentiful neutral orders for porcelain
crockery were reported. but the nck
| Of coal is hampering manufacfure.
Germany Down and Out"
BERLIN, Tuesday. October 7 (by the
United States congressman, who has
been in this city for some time. takes
issue with Henry Morgenthau. Who
! recently expressed the view that Ger
c fect DYNAMO of strength" Mr.. Nor
genthau, among other things sald
that Germany, encouraged oy oiecoIo
among weak and struggling etaxek
undoubtedly will resort 70 hsr sr%o iost T't tera
a few years and regain ner '0'' 'el
Speaking today on the subject Nj;
Britten said he could not undefstano
the statement. adding: At present the
of the entente. They have lost their
ca Cannon iMs and sirships and The best Of
their transportation facilities, ana Z
commission is coming to Bslna 20
~ mnderhand work. Germany 10
down dow and out and a return to mill.
tar;sTn in the old sense 10 out OF the
question, II for no other reason. pc.
cause the government prevahs against
it."