The herald and news. [volume] (Newberry S.C.) 1903-1937, 1920-12-14
GERMANY WOULD BE GLAD
TO BUY coTToN AT ACCENTS
Says NJ A. Levy, Who Has Just Re
turned From There.

-. y = - -, :. 10 -.
40 cents for the, South's cotton and
take all she could get if only she
were given reasonable time in which
to pay for it. Cotton and oil are two
materials which Germany needs most
and her textile mills would consume
"a vast supply Of cotton, if it could be
obtained" was The statement made
yesterday to a representative of The
Piedmont by M. A. Levy, manager Of
the Greenvi1le branch Of Seidenberg
and company, cigar manufacturers,
who has just returned from a four
months visit to Germany, France,
Belgium. Austria and Sweden.
Germany is very. anxious to get
cotton from America" Mr.. Levy de-
'cIared, sebut, because Of the lack of
credit and the heavy rate of exchange
against her, is unable to dogit. Ger
many is buying cotton through Hol-
land because of the exchange situa-
ton. Four German marks used to
be equivalent to an American dollar,
but now it takes eighty marks to
equal the dollar, twenty times as
much as before the war. On the 9TH
er hand, the guildef Of Holland has
risen in exchange only ten times as
much since the war, so that a guildef
represents eighteen marks. But the
guilder which before the war, was
equal to forty cents. in American
money has decreased to only thirty
two cents. Consequently, because of
this great difference in the rate Of
exchange, Germany buys cotton from
Holland.
eff Germany could get cotton, she
has plenty of mills to manufacture
cloth. There is tremendous demand
for cloth in Germany and Europe and
SIX months would probably be all the
time Germany would need for pay
ment. Mr.. Levy is of the opinion
that the South could, sell her cotton
to Germany on the most advantage
Gus terms If an international bank
could be established to handle trade
and credits between the producing
South and the would-be consumer
Germany and if this institution were
backed by bankers of the highest
and standing.
Germany has an excellent market
for low grade cotton and could use
"a tremendous quantity Of it, he point
ed out.
Germany is recovering Industrial
~ more rapidly than any of the other
countries he visited, Mr.. Levy con-
tinued, but the general recovery
there does not exceed that in any of
the other countries participating in
the World War. He went through
all sections of Germany. "In that
country there is an atmosphere of
uncertainty. It is difficult to fore
cast the future, but, under the dark
surface, l found many indications
that the people are confident of their
ability to come back. They realize
what long journey it must be.
Germany's great difficulties are cur
reney imitation and the lack of raw
materials, especially cotton. The ag,
ricultural output has been stimulated
| in every possible way. German in.
dustries were not destroyed by the
war but are producing anu function
/ ing as efficiently as they can with a
limited supply of raw materials. The
German people realize that the road
| to recovery is through industry and
thrift and are seeking every oppof.
tunity to work"
"Bolshevism is not gaining in Ger
many" said Mr.. Levy. The Germans
| are not inclined to Bolshevisn, They