Baraboo weekly news. [volume] (Baraboo, Wis.) 1912-197?, 1923-09-20

OlZZlH0SS lTOuDIou me- TOO, ana
tions about her have millstones about
their necks. Except for Preparations
Germany has practically no obiiga-
tions, her bonds having been paid by
what is now worthless paper. a state
ment in a London journal said that a
number of bonds issued by German
city were held in London and that
whe the time of redemption. came
the postage to return the bonds to a
bank in Germany was worth more
than the value of the securities The
city was able to pay it's Indebtedness
with worthless paper. In the same
wy Germany has been able to pay
the loans made by her people to the
government during the war and about
the only obligation remaining is the
one of reparations
On the other hand Great Britain
has an Indebtedness of about 0,000,-
100000 and the industries in England
are taxed to an almost unbearable
point, while no such situation obtains
in Germany. In the latter country the
mark has been falling, the capitalists
have been tardy in paying and with
the paper money worthless very little
in taxes is paid.
An Englishman on a salary told the
speaker he worked three months out
every year for the government, that
is, his income tax amounts to one
fourth of his entire salary. Germany is
not imposing taxes of any conse-
quence therefore manufacturers OF
that country can produce goods much
cheaper than in England.
Want All Debts Cancelled
The Englishment would like all in
ternational debts Cancelled and begin
the industrial battle anew. They think
more would be gained in the end.
They are willing to let the past go
and begin life afresh.
England and America
All Englishmen engaged in bust
ness expressed opinions quite similar
in discussing the relation between
that country and America With his
persuasive interrogative at the end
of almost every sentence, he argues:
ic, 1tV.Vy to a
not She came to the aid of Europa
in great crisis, didn't she? But in
this period Of world reconstruction
she is holding aloof. She is world
power, why should she not assume
her share of the world responsible
ties ?"
The English argue that during the
war she purchased goods in America,
gave her promise to pay, and now
America wants gold in return. At the
same time he says America has
thrown up wall of protection to
keep out English goods, and they con-
slider this all wrong They would like
the protective tariff removed so they
could ship goods to America. At the
present time England has million
and half of idle workmen.
The English business man thinks
his country would be making a great
sacrifice to wipe out all debts, since
she sent away much gold and lost
many men On the other hand he says
America has more gold than ever,
that her loans were only on goods
used to win the war. Let all govern
ments cancel their debts and make
Germany pay fair reparation and
I'll would be well, he thinks.
We Americans told these English
men it would not do to cancel all
these debts, that if they were wiped
OFT the nations would have more
wealth with which to fight. There is
some truth in the statemen.
On the other hand the Englishman
who fought in the war, and the
Frenchman who was in the conflict,
says the greatest mistake was made
n not marching the armies into Ber-
lin ed have given the heart of Ger
na1y to understand that the damage
wrought during the war must be paid.
changea in Germany
In conversation with a Boston man
ho had spent a year in Germany
s+r9v'ng conditions, he said the
change had rsade many rich who were
once poor and had made many poor
who were once rich. Those who held
securities, those who had made loans
to the government, those who had
money in the bank, had lost all this
wealth. On the other hand the man
who had bought property and had
gone in debt had paid in worthless
marks, He gave an illustration.
large firm some time ago owed s12,-