The Washington times., 1922-09-24
| FINANCE
AND
|RUSTNESS|
BY b. G. FORBES.

| buy marks are easy MARKS L
still feel exactly the same way.
even though you can now buy
/, 400 marks for a dollar.
Germany thinks nothing Of add
ing twenty thousand million marks
twenty billions-to her paper
currency In one week. In fact, the
cables announce she Is now ready
TO print seven billion marks a day.
So long as she can get deluded for.
eigners to pay more for marks
than they cost to print. she is
likely to keep her printing presses
running twenty.four hours a day.
would call the German mark
the poorest speculation now in
vogue.
Although you hear no more
about 1t. the idea OF bringing
about a merger Of Armour &
Co. and Wilson & Co. has not been
dropped. am told.
Samuel McRoberts. president Of
the Metropolitan Trust Company Of
New York. and who at one time
was treasurer Of Armour & Co.. is
one of those keenly interested.
Philip d. Armour, vice president Of
Armour & Co., is a director Of the
McRoberts institution. and Mr..
McRoberts has always been highly
regarded by j. Ogden Armour. head
and front and shoulders Of the great
packing house establishment by his
father.
From a strictly personnel point Of
view a combination Of the j. Ogden
Armour and Thomas e. Wilson
organizations would be peculiarly
happy. as Mr.. Armour has reached
an age when he would make an
ideal chief executive, in the position
Of chairman Of the board. while Tom
Wilson Is young enough and vigor-
Gus enough and ambitious enough
to make an ideal president.
Canadian dollars, for the first
time in years, this week brought 100
cents of American money. This is
another way OF saying that Amer.
lean dollars brought no premium in
Canada
1t will be a good thing for the
world when the currencies OF all
leading nations are restored to a
stable, normal basis. Quite a few
nations. however, will have to cs-
tablish an entirely new normal" for
| their currency. Germany, make no
mistake about 1t, is one Of them.
BY this time next week bankers
will be trooping into New York by
the thousand. The attendance at
this years convention of the Ameri-
can Bankers Association promises
to eclipse anything ever before wit
messed.
BY and by sidelights on the biggest
figures attending the convention will
be given in this column.
Going down to the docks to have
lunch with a friend on board the
Anchor liner Algeria, / had two sur
prises. one in the form Of pig iron,
the other-well. read on.
noticed that tons and tons and tons
Of pig iron were being unloaded. Pig
iron, discovered. has been brought
into this country from Britain to the
tune of thousands Of tons during
recent weeks. Apparently. the
scarcity Of coal and the scarcity OF
railway transportation here made It
attractive and profitable to bring pig
iron across the Atlantic. I confess
the feeling I had was that It loked
like carrying Goals to Newcastle to
bring pig iron to this greatest Of all
iron.produclng countries.
On entering the captains palatial
quarters-the most palatial ! have
ever seen on any ship, the explana-
ton being that they were constructed
with a view to carrying the emperor
and empress OF Germany on a voy-
age, the ship having been originally
the Kigoma a German vessel: enter
ing these quarters asked what had
stained the crimson carpet. Well,
what do you think II was?
The Kigoma used to lie In the
Kiel canal to house Germans return
ing from marauding expeditions In
submarines. Submarine operations
became so dangerous and so unbear.
aDlG tnat tnOSe COnueHlneu 10 tnlS
duty laid their heads together and
decided to mutiny. 1t was arranged
that all favoring mutiny should drop
coin into one receptacle. Twenty
five didn't drop the coin.
The mutineers first proceeded to
the captains quarters and shot him
where he stood. After shooting the
other officers. they strung up the
other twenty-five.
When the mutineers were later
overpowered, fortv-five Of them were
lined up toward the bow Of the boat
and shot.
Although the carpet has been
washed and cleaned several times,
the SPOT where the captain fell Is
still plainly visible.
Incidentally. although the Kigoma,
was built months before the war
started, she was all fitted up ready
for the installation of ornaments.
You never know when you are 60
ing to bump up against adventure,
do YOU?
SHINES, Germany's super man. is
discovering that 1t Is one thing to
run lines OF steamships. iron mines,
coal mineA and another thing 10
run newspapers. He has just had
4 q. MT ,,o nor tapp nora rily atinnreaaad