The Nenana daily news., 1920-01-21
GERMANS UNEASY ABOUT FUTURE OF
 THE FAIHERLAND

enormous emergency levy on prop erty which threatens drastically to reduce German industrial fortunes in the next ten years, makes it diff cult for Germans to forecast the economic outlook of their country for 1920 Leaders in financial, po- litical and social circles are divided in their opinions of the measures for national relief proposed by Matthias Eszberger, minister of fin ance.
 There is widespread belief among financiers, bankers, and fin ancial writers in Germany, that if two of Erzberger's plans are put into effect, Germany will face a flu ture overcase with black clouds, if not actual ruin. The most import ant of these two measures is the emergency levy on property, which financial writers assert will reduce industrial fortunes of ten million marks to less than three million in a decade. The second measure is the income tax, which, it is claimed by some, will "beggar every modest fortune as we'll as every great for tune"
 Bankers say it all comes down to this, that America must come to our aid."
 They wish a comparatively small direct credit and disapprove of the much-discussed international loan, which, they believe, would saddle the debts of England and France on the United States, and thereby, per haps, reduce the amount of credit Germany might obtain.
 The opinion appears to be gaining in Berlin financial quarters that Erz- berger's days are numbered and that he cannot long continue to exert his influence on the majority who pay least, and therefore support his fin ancial policy
 Berlin writers declare that Ger many's political future depends in the last analysis upon the working out of the peace treaty, and that until this document has been con- summated in all it's technical de- tails, Germany will be unable to locate her fresh starting point. This is regarded here as the crux of the whole situation, and Germans ex. pect the situation to remain acute until this has been accomplished.
 Germany's more conservative DO litical leaders frankly admit Bolshe vist gains at the next election. They say the Reds may capture 50 seat: instead of the 22 which they wor a year ago, and that they may pol 5,OOO,OOO votes instead of the 2, 75O,OOO they obtained in the las national election. The conserva lives. however, assert that the In dependent, Spartacist and Commun ist elements will become less popu lar as the opportunities for wort increase in Germany.
 Political leaders say that indica tions point to an indefinite post ponement of the elections on th' ground that the present government on the strength of its popular man date, is entitled to continue with program of specialization at a pac in keeping with the nations eco homie recovery. It is pointed ou also that the new liberalism ma, satisfy itself with a lifelong presi dent as a substitute for consti
 tutional monarchy.
 It is agreed by German indus
 trial leaders that the German work
 CTS are weary of striking and tha
 the labor situation has been i'm
 proved so far as the shortage o
 coal and raw materials permits. Tn
 authorities say that German indus tries are working an average O gz,,. L.,,us lc.l,r o~l l,