The Washington times., 1923-01-07

reality OF Truth shout Germany
atares as al In the eyes. Ger
many is bankrupt.
Not only IL 1t impossible for
her to pay her separations. It
81 now Impossible for her. to sup
port her own Government and
people. She cannot sell her goods
In the worlds markets In her
own currency because .whatever
price her merchants may quote In
the first day Of the week It IL
made ludicrous by the fall In Ger
man money two days or two weeks
later. After the abrupt and vio-
lent collapse OF the mark In the
last week of August, Germany
can no longer buy the raw ma
terial which she needs to the ex-
tent Of over 80 per cent. for her
peoples life. The immense indus
trial civilization OF Germany, its
material splendor, its solid energy.
b threatened with destruction be-
cause the financial stability Of the
country, and its credit, are
wrecked.
Simple, and ignorant. folk. In
England, France. and the United
States. may still imagine that this
financial ruin Of Germany win
hurt nobody but herself. Serves
her right" win be the verdict OF
the plain, blunt man who remem-
hers the passion Of war and does
not think beyond that code Of
thought. But 1t is apparent al
ready to any student Of interna-
tional' relations In the economic
sphere that the sruin Of Germany
means the ruin Of Europe and
that the consequences Of this
downfall win be felt In the slums
ef London as well a. in the fac
tories Of Engiand's great indus
trial cities; even az far as New
York and the great middle west OF
the United States.
ANARCHY THREATENS.
For Il Germany is lost to the
world as q purchasing power,
and to Europe as the most vital
source Of industrial activity.
every nation win feel the pinch
zof poverty. and England, above
M. az an exporting nation. win
suffer in increased unemploy.
ment, decreased trade. higher
taxation, and general decay. For
Germany was the axle OF the Eu-
Fopean wheel Of trade. with
broken axle the wheel won't turn.
II IL my absolute belief. based
upon four years Of observation Of
postwar conditions In the world
- far east as the Russian Volga
and as far west as San Fran
cisco. that IL Germany is allowed
70 90 to rot AZ Russia. Poland.
Hungary. and Austria are rotten.
then we shall see. perhaps In this
generation, the downfall Of Euro
pean civilization, and certainly In
. few years Tor this year, q wild
and spreading anarchy impelled
by the hunger and despair OF
peoples.
Not . pleasant outlook! 4
somewhat black and pessimistic
view of world conditions! But
not my own alone. Here in Ger.
many where I write this article,
and elsewhere in Euroue where I
have Travelled much, find that
men who understand arithmetic
better than ! do. practical men Of
affairs, international traders, keen
observers Of national forces NOV.
ing below the surface Of things,
men who make curves and dia.
grams OF national progress ana
decay In food production. health,
Industrial output, and the Stats
tics Of life and death, are con-
WINGED that immense catastrophe
- a~atting Europe unless By
some immense act Of statesman.
ship supported by the win and
sacrifice Of peoples, We are able
70 lift ourselves clear Of the pres.
ont abyss.
This very day I had IN inter
view with one Of the greatest
bankers Of Germany. The figures
he gave me, the argument that
he maintained. were Of but little
account compared with his gem
eral conclusion.
BARS BOISHEVTsM.
30 tar" he said. Germany
mas acted a. q barrier In Europe
against Bolshevism. Although to-
ward the end Of the war@that
criminal war-great numbers Of
oerman people Of the humble
classes were infected with the idea
OF Bolshevism. their sense Of In
oustrys and their chance Of work
saved them from anxiety. They
pulled themselves together, they
Get TO work with wonderful
energy. and they hoped to re-
W1eve the disaster of war by rood
reward for their labor and secur.
dty OF life by means Of thrift. But
what do they find? Their labor
~ vain. for always prices rise
higher than their wages, ana
thrift IL useless because money