The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-05-31
Germany's Hold on the Worlds Gold

real government and new currency.
Nov when Germany makes a set
Element with France and says to the
United States, lend us two billion dol
lars or we will take a billion of gold
out from under you, what will be the
answer of the United States? Why
of course, the United States will loan
the two billion"
German Admissions.
The position of Germany's wealth
in outside countries, and its future
disposition is one that concerns not
only France and her allies. but in
deed the United States and the whole
world.
The Germans say: I'VE have of
course, the necessary capital and
credits in foreign countries to enable
us to purchase raw materials and
keep German industries going" and
they readily admit having a billion
and half dollars in foreign countries.
And some of them really own up to
six hundred and fifty million pounds
or three billion dollars held outside
or course, if the Germans admit this
you know it is more. And in Rome /
got a pretty clear intimation that it
was a good deal more than three bill
lion.
Five Billion German Gold.
In London asked one who had just
returned from visit with the highest
authorities of France, and he prompt
or five billion dollars.
I replied: THAT is rather surpris-
ing, as that is the exact figure 1 have
received here as the best London es-
innate"
Wend your way about in that most
wonderful maze of alleys and old
buildings where the finance, discount
and trade of the world still center just
behind Lloyds the Bank and the
Stock Exchange, and If you have good
standing there for some years you
may learn things that do not get their
way into print.
Prosperous Germany.
And this was what was said by the
head of one of the best informed in
-ernational banking houses in the
world:
you may not believe it. but Ger
many is the most prosperous country
n the world today, not excepting your
,wn blessed United States. Germany
las practically no debt. She is max
ng big money, paying practically
lothing to her labor and holding enor-
nous balances in gold outside.
I'VE estimated some few years ago
hese outside balances at six hundred
Million pounds. We now believe that
has a billion pounds outside
T the country. The rich men, the in
the capitalists and the
ankers are making money all the
me. The laboring classes are well
AIRED for. Their wages raise as the
lark falls. But the middle classes,
r the sO-called intellectuals have
cen crucified and the ruling Germans
D not care whether they perish of
arvation or not. AS they are not
ard workers or fighters, the Germans
gard them as already out of the
zee and their death no loss to the
'untry."
The Bill of Exchange.
When of old the kings demanded
I'D from the Jews, the latter were
lie to show a good alibi and prove
by exhibit of empty pockets. But
hen the king in distress visited the
etto and begged for gold with the
omise OF interest ne could always
{ it, for Isaac could write a draft on
,raham at Constantinople, Aiexan-
la or Jerusalem that would produce
e gold at the other end of the eX-
ange line. It is said that the per-
,uted Jews invented the bill of ex-
ange.
rhe Germans do not hold actual
ID in North or South America. They
ID the bank credits in Europe that
1 command this gold.