South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-02-15
The Economic Situation In
CONTINUED FROM PAGE oNE)
Germany

we're run In Germany No through traffic possible
only local trains which did not connect The
people who had 20 travel unavoidable business had
10 good trains which special permits had to
be granted This measure was not successful. The
coal improved a little. but the bad weather
the transportation and the harvesting OF the
potato crop.
RAIL MATERIAL SCARCE.
There is very shortage of engines and other
railway This. again. is partly accounted for
by the and Of the has been infinitely
aggravated by the surrender of all the best engines
lines And there is the other difficulty that
labor trouble is more rife in the national railway shops
than anywhere else.
In the Ruhr district where $50 900 trucks were re-
CURED the transportation coal from oct. 16,
Only $4,000 could be delivered there a shortage
Of $4,000 trucks The actual daily demand for the
transportation OF potatoes is $500 trucks only 5000
we're available.
These dimcuIties though very grave might per-
hsps be regarded ransitory But the coal question
remain serious question for long time The
annual production OF coal before the war was 100,
II upper Silesia, which is the richest
coal district I'm Germany and on which a large part
OF German industrial life actually depends to
remain with Germany. Germany would lose only H.
600 year. per of its supply, by the
would leave IL with output OF 17SOOo,00O tons If
Germany lost SieSa which produced $4,000 900 tons.
It's suppIy-calculated the basis OF 1s1s-woud be
reduced to 1SOOOO.Ooo As its restricted consumption
IS about $4,000 900 tons average pro-
OF 100000 tons month would be sufficient
Tor tn Immediate supply. This production has been
surpassed IN July.
MUST YIELD COAL
But Germany bound deliver 100000 of
coal a year France Belgium j can
only coal supply OF about 100000 tons.
that standard Immediately.
out coal restart and without such start Il
pay neither Is imports nor its indemnites A.
has 20 part with It's ships and It's foreign invest
rnents coal goods made with coal the chief
OF payment for imports Including freEhts.
which alone estimated at $5O0.0OoOOO a year..
export goods 80 uilliard marks
gold every year in pursuance OF the terms peace;
and this 10 1880 miillard marks in paper currency
The annual or the empire the states and
the municipalities estimated % miliard marks
400 marks head; when the payment OF ndem-
mites starts this will another 400 marks In
other words every man. woman and child will have
pay 500 marks for public purposes
ISSUE TREASURY BILLS
Perhaps this may be done when Industrial life is
started again. Al this huge expenditure
only be provided for by the issue treasury bills
The up S nillards. Heroic
-asasuros-a levy capitaI-vin be diminish
them What good IT do II 100000 tons Of
coal exported yearly part OF the indemnity
treasury must for them. Al price of 100 paper
marks for the that amounts 100000. a
year This must be paid in paper And when German
abroad handed the allies their own
Ers be compensated. again that means an issue
90 treasury bills. and all these issues bring about
infaton OF the currency and falling exchange. a
falling exchange s equivalent TO unfair competition
abroad the mPosSibtity importing the necessi-
ties of life and the material for industries
Prices rising continuously. ont as neither raw,
materials sufficient coal supplies forthcoming
their stimulating Influence production is not Wis
tbIe The exchange is fal.rE because Germany must
import goods for which Do cannot pay JIM goods be-
cause the supply Of is restricted by the
bad exchange World prices and world transportation
costs are high when calculated mounds ar in dol