The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1922-12-06
THE MONEYS WORTHLESS
BUT IT BUYS A lot
German Mark at Store Purchases
More Than American Dollar Does
(BY Walter NJ. Wolffl

The individual who, as far back as
1915, began to invest his savings in
German marks, has dropped his good
American dollars through .lole in
the floor. He will never see them
again; they're gone. He has but one
last chance in the world to catch value
received" by the tail, but he must
hurry. The German mark is hended
downward and no one can today
sound the pit into which it is falling.
If man waits too long, and continues
to hold on to his German marks, the
day is about to break when he will be
unable to buy the matc'.es to burn
them up. Such is the situation for
countless thousands of misguided in
yestors who sought to outdo GIRO"
Wallingford by buying and holding
German paper marks.
affairs in Germany today? Has money
there any value left at all? The an
swer is: Yes and No. 1t is little
known fact that the valuta situation
of foreign countries today has pro-
duced big assortment Of freaks. A
most illuSory one is the fact that the
face value of German paper marks
cannot be figured in dollars and cents
any longer-unless one takes only the
largest denominations. In purchas-
ing power, however, the German mark
has from two to so times it's intrinsic
value.
And herein lies the secret of the
"value" of the German paper mark, as
well as the "freakiness" in it. At the
present writing the dollar has become
worth more than 5000 marks, or,
vice versa for the German, the mark
has dropped to 5000 to the dollar.
Let u stop a minute to realize just
what this means. Our smallest coin
with which the familiar postage
chewing gum is purchased) is the cop
per penny. In school we learned that
10 mills equal / cent; 10 cents equal
I dime; 10 dimes equal l dollar or
100 cents. But we seldom speak of
"mills" in our daily business life. It
is very seldom, comparatively speak
ing, that financial experts make much
use of them. But in Germany today
One Mill is worth three marks!! In
other words, one mark has a value Of
but one-third mill (and even less)!!
is it any wonder German hesitc tes
TO cmigarte to the United States;
that he cannot now buy American
food, American clothing, American
raw materials, and so on? 1t simply
cannot be done, and Germau-American
commercial activities are destined
very soon to fall into grave state of
lethargy.
The German mark today worth less
than One-Third of Mill! Why, a
newsboy would have to take thirty
marks before he could give back to a
German One Cent in fair exchange.
And if that same newsboy were in
Germany the next minute, he would
have stories to tell that would make
his pals eyes pop out with astonish-
ment five minutes later. And why?
Because for 80 marks he could have
purchased two good cigars, or bar
of chocolate, or pair Of leather shoe
strings, or a big toy, Orwell, lots of
things that One Cent wouldn't begin
to touch in u. S. A.
But to come back to the Mark.
With it's intrinsic value of less than
one-third mill on the world market, it
still has the purchasing power of from
One-Half to Three Cents Con the av-
erage) in Germany. The pretty So
mark note would bring but one and
tWo-thirds cents on the bourse, but
one can still buy railroad ticket, a
Dig loaf of bread, a fine glass of beer
or wine, two tickets to the best movies
in town, or big bouquet Of flowers
with lt--ln Germany Fake the larg-
er denomina tions-thc 1,OOO-mark
note. 1t has an actual value in ex-
change of about thirty cents. Thirty
cents will buy good laugh in the
States; but 1000 marks in Germany