Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-08-15

marks The marks are Worth more
~ Germany than anywhere else.
Therefore it has been desirable for
torelsners to buy German goods and.
desirable for German industries to
continue this trade. But it is impos-
s1Dle to maintain a one.way trade.
Germany must buy as Well as sell and
In buying the tables are turned. While
Inc declining mark .favors sales of
1erman goods, It makes 1t more and
9 expensive for Germany to buy.
The process sMll is going on but it
shows signs of the inevitable explo-
sion which will bring a sorry end to
the whole cycle. This collapse will
drive Germany out Of the worlds
markets. in the opinion Of the gov
eminent experts. She will be unable
to re-enter until she passes through
a trying period of deflation and read
Justment which will bankrupt thou
sands: She has no financial strength
g Withstand the shock. 1t Is obvious
that no one in Germany Ia saving
I, money, for saving appears to be the
most Grant folly. If a man has 10
marks which by tomorrow will have
the purchasing power of only 9. be-
cause OF the progressive depreciation,
ne has no inducement to save. In
stead, ne 10 eager to turn hiS 10
marks into some tangible article while
he can. "
1t is reported that some Germans
have bought as many as 20 overcoats,
suits OF clothes, and other similar:
com odlies for the purpose Of get
depreciate. The life savings in marks
OF pre-war workmen would not sup
port him for a month, perhaps not
a week, under existing conditions Of
depreciated currency and high COM
modify prices.
While Germany is working hard to
restore her prestige in the foreign
markets, the American government
experts are convinced that American
manufacturers need not fear competi-
ton based on SO tlimsy and INSECURE
a foundation. The economic collaps.
must come and when it does the Ger
man cost OF production will leap up
to its actual economic level, unob-
scured by government subsidies. This
VIII give the steady American indus
tries the advantage. and they will in
all probability be ina position to un-
dersel Germany on every hand. For
not only must Germany return to nor
NAL levels but probably must go above
them for, a period because the ar
rears must in some way be made up.
Economic law IL inexorable. It can
not be evaded. The burden Of full
cost OF production can be lifted from
a commodity by such artificial means
as Germany has employed and car-
ried for a temporary period, but
sooner or later its full weight must
sag down again. The weight, in an
economic. national sense, must be 40
great ~ to eQualize and make UP the
arrears, before a normal level of cost
be reached again.
ANSWERS TO QUESTIONS.
oA What Is Augustus Thomass
new Job called? z. b.. q.
A.. The position which has been
created for Mr.. Thomas with the Pro-
oficial title sExecutive chairn.n..
HIS work In the stage world Will be
similar to thai Of Will Hays in film
dom.
g. In Z golf tournament At match
play why can't I.waiye a rule orlthe
enforcement of a penalty against nav
opponent Of want to be a good
sport? w. vi.
a. Not only can yen not waive 4
rule or q penalty, but your opponent
can not accent SUCH generosity on
your part. The reasbn for this ID that
[such action might dstermine the re-
suit OF the match Every other play
er In the tournament. 10 directly Il.
fected BY the result of your match.
Fol Axampie, to waive q penalty
might . stronger player, which
would be to the disadyantags 81 the
other player IN the 3succeeding match.
or II might favor . weaker player'
which would be cofrespondinriy "a
the advantage OF the player next to