The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1924-03-17

army 10 back ~ her possession.
II necessary 10 prevent French
domination Of The Old World
England viii engineer 90 ALI
ancs. or entente. with Germany.
with perhaps Impeachment
with Russia into the bargain.
Germany found skating on
very thin Ice. tho shs IL IN bet.
Ter shape. today. generally speak,
Ing. than when I was there year
ago. Uno reason u tho Fenten.
mark This ncw currency has
replaced the old mark except
that tho old mark - still used a.
small change that u, change
Smaller than a mark Buy some.
thing Tor 20 renten pfenlgs and
pay FOR Il with renienmark.
end yonN receive IN change
900. 600 100000 five hundred b,l.
Ion n oorTtc0 ordinary marks.
Now. this currency = not
worth y darn--not a whit moro
than the old mark Tor there IL
nothing tangible behind a.
theoretically al industrial aud
agricultural properties have been
nortEnEcd 10 20 thres OF four
per cent Of their value and Aaid
moriEaEen placed IN tho strong
box % Tho Ecntrnbank. Uslng
these mortgages as NO DO gold
and silver a. security Tor Tho
rentenmafk. the new money was
launched.
Hero IN the Caitsd states. II
you don't Ike your $40 bill.
sou can 80 10 the nearest hank
and exchange u for 10 gold or
silver dollars In Germany you
can taka your rcnienmnrk 20
the rentenmark tat least. theo-
reileallyi. exchange Il for an.
other piece OF paper represent
Ing a .iecnt share in the gen.
erai mortgage on tho country.
You arc. Of course. no better
of than before. Indeed. sou
arc not so well of. for your
rentcnmark can he exchanged
on sight for merchandise. while
your renienmortEaEs II Jus, 20
much paper 10 DO put away IN
n safety deposit box-perhaps 10
~. ..sasfff.a.
In short. while Germany has
been temporarily saved by this
rcntcnmark. tho rentenmark r.
based purely upon faith. this
faith being. In its turn. founded
on tho hope or an carly settle.
mont OF the roparatlons ques.
ton.
ono day. while I was IN Der.
lin. the rcntenmark began 10
slip. II fell off 30 per cent
on tho New York exchange Ia
an hour. Had Il not been that
the Dawes committee. ,hon ait.
ting IN tho German capital. IL.
sued a statement that tho new
bank OF issue which they pro.
posed 10 establish Il, Germany
would stand behind the renton.
mark. Gcrmanys new money
would hayo been worthless IN
less than e hours. This Incl.
dent serves 20 show how pre-.
cariou8 Dcrmauy's position IN
today.
IL the rentenmnrk goes, II
will not go aa the mark did. IL
won't tako three years for Il 20
reach zero. II win hit tho bot.
tom before you can say Jack
Robinson. After that, chaos
and ACKNOWLEDGMENT.
France today Is terror.strick.
en-. The franc Ia falling daily
TO new lows. Nothing France
can do-that n. nothing she.
acting alone. can do-can havo
much effect on It's fall. sho
must act together with her for.
mer allies. agree TO some
scheme for settling tho German
Preparations issue. or she is In
for very serious trouble, involv.
ing moro or less radical. II
not violent. change OF govern.
ment.
France has borrowed, almost
exclusively from her own cI,i.
zens-bankors. farmers. waltera.
ditch diggers. clerks. peasants.
chafnbermaids. merchants. law.
ycrs. doctors and office bows
some hundred billion francs
since peace was signed at Yer.
raiiics.
About $4,000. 600. 900 o, this
has been used 20 reconstruct
the devastated regions OF North.
ern France. Some o. 900, ooo. 600