Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-01-02
GERMANY LOOKS
To AWE RIGA FOR
AN EARLY PEACE
Believes U. S. viii Not Pre-
sent Staggering Bills For
lndemnities; the National
Debt 200 Billion Marks
tRy The Associated Press

Berlin, Jan. 1 (by the Associated
Press 1.-The feature Of GePmany's
international relations which is
arousing keen interest on the
opening of the new year is the
prospective early peace with the
United States. Public opinion views
the coming Of peace as one OF the
few agreeable aftermaths of the
war. This il partly because there
never was pronounced feeling of
hostility to America. There also is
the conviction that the United
States will not present staggering
bills for indemnitieS and that com
mercial relations with the United
States will be resumed on large
and generous scale.
A spring influx of American
tourists is one of the comfortable
speculations INDUCED in as a result
of the recent American and Ger
man shipping agreement.
Is Resigned 10 Her lot.
Germany enters the new year
with a growing sense of the gray.
/ ty Of her position under the trea-
ty of Versailles and of the immen-
sity of the cost she is called on to
pay for lost world war. Another
prominent manifestation on the
opening Of 1921 is the steady drift
away from political and economic
radicalism, so that no matter how
! the treaty is modified or changed
! in the near future Germany is re-
signed to her inevitable lot and Is
seeking to meet 1t by an intensifi-
cation and of exploitation through
out her wide field of industries and
resources.
| While the specter of bolshevism
continues to cast a sinister across
the East Prussian frontier, German
prophets Of the Russian commun-
ism are finding dwindling favor
among the rank and file of the
German proletariat. That this is
the actual condition in Germany
today in the face of the fact that
| the Moscow government succeeded
in reinforcing itself at home, is re-
ceived as proof Of the familiar
theory that given food and stabil-
lied economic political conditions,
the German workingman cannot be
won over to Utopian experiments.
| Growing Stability.
The growing stability recorded in
| German political and economic ac
tivities is chiefly an accomplish
ment of the past six months. 1t is
accounted for in the active resump-
! ton of important pre-war indus
! tries, reopening of former markets
Ioverseas, and betterment in the la
Dor situation despite constantly
mounting wage scales and food
prices which will leave the ordi-
nary but vital staples beyond the
lreach even of the Well-paid work.
ers. Whether these beginnings to-
ward an economic revival in indus
tries, finance and exports can be
maintained on constantly ascend
ing scale during 1921 is matter
of conjecture, at least until Ger
many is given a precise and defi-
mite Interpretation of the financial
and reparation clauses of the
treaty.
Germany enters the new year
with national debt which will
far exceed 20O,O00,o0Oo 900 marks
by April /, next. This sum does
mot include amounts she is called
on to pay her own subjects in pri-
waite claims. They will add anoth-
er hundred billion to the above to-
| tai. The government admits a rail-
lway, postal and telegraph deficit
OF 10000, 100000 marks. 1t is
Threatened with huge increases in
the public payroll. It's domestic
budgets generally have vacillated
so freely in the course of presenta-
ton to the reichstag that the no
longer offer q tangible basis but
merely analytical computations.
Spending Billions Monthly.
Her paper deluge" at the be-
ginning of the year is generally
suspected of being well in excess
of eighty billions. Germany is pay
| ing out billions monthly for food
purchases abroad and these will
continue well into the new year
owing to the inadequacy of the last
harvest. Wheat thus bought is paid
for in foreign exchange.
| The labyrinth of deficits and bill
lion mark expenditures is in q cha
otto state, with revenues which are
TO a large extent on paper or are
arbitrarily estimated. The govern
ment's financial policies thus far
have been wholly inadequate to
cope with the confusion prevailing
| in the nations exchequer. None of
the measures in it's expensive sys-
tenn of taxation is operative and
the fate of the national emergency
sacrifice levy, which is tantamount
to confiscation Of capital and pri-
vate fortunes, also is in allegiance.
The governments delegates to
| the recent Brussels conference re-