San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1925-12-06
Us. INDUSTRIES
PENETRATE
GERMANY
Growing Influence Of Big
Corporations and Social
sation Big Items.
By o. D. ToLIscHUs.

Universal Service Special Correspondent.
BERLIN, Dec. BIN the wake Of
the business depression and credit
crisis in. Germany, two movements arc
becoming more and more manifest
one, the growing penetration of Ger
man business by American interests
and. two. the growing socialization Of
German business by the state.
The American penetration, which
started with the rush of credits under
the Dawes plan and which now have
reached an estimated total Of $780,
100000. is now turning into active
participation and outright purchase OF
an interest in individual concerns.
The charge that Germany is being
made an economic colony of the
United States is spreading. With II
comes growing resentment and frlc-
ton. A typical case is control of the
Giesche Erbcn and with it control OF
the German zinc resources, obtained
by the Hartman and Anaconda in
terests, which Prussia is trying to re-
serve.
THREATEN CREDITS.
The American interests answer
with threat of credit restriction,
which is declared here TO be unjusti'
fled. because Germany must retain the
right tos afeguard one Of her most i'm
portant resources from foreign control
Another case is that of the Inter
national Powder Trust. which now
also becomes the International Arti-
fetal Silk Trust. being revived with
the Duponts, Nobel Dynamite, Solts
and Deutsche Sprengstoff industries
as leading partners. except that the
German partner turns over 75,O00.OO0
marks worth of its stock to its Amer
lean and English partners for cash.
Universal Pictures Corporation has
become closely connected through a
loan of S15,000.000 with the German
IJfa concern, which dominates the
German film industry. The Povseh
Syndicate is negotiating $50,O00,OT
loan with an Anglo-American syndi'
cate, and the Vereinigte Elektrizlt'
aetswerke has lust concluded a ST.,
100000 loan with Speyer x Company
and Harris Forbes & Company OF
New York.
SPECIALIZATION PROCEEDING.
Specialization By the states, led By
Prussia. is proceeding along the same
lines. The states always owned vast
industries, and the extension Oh their
participation through outright pur-
chase OF concerns in financial straits
or through crcdits-all from tax sur
pluses-during the present crisis mas
reached many hundred million OF
marks. This especially is true OF
the mining industry. electricity and
agriculture. Now the state Is plan,
ming to substitute exports by taking
over 80 per cent Of the credit FISK
and 70 substitute the automobile IN.
dustrs by a similar guaranty OF
credit. for purchases.
The first seven months Of the cur
rent fiscal yaer, including october
show tax receipts Of 4,25S,7U,oIo
marks, 94,55O,O0O more than the
budget estimate.
The budget for 1926 which now
is being prepared. would balance
around 7,5OO.OO0,OO0 marks. includ.
ing 100. OOO. OSO for reparations and
more than 300,00O.000 for war pen
sion.
The growing depression is shown by
1143 bankruptcies during the first
half of November, as against Ills
for the whole of October, which IT
self was record month.
Russians have placed orders worth
1J.0O0,O00 marks since the conclusion
of the trade treaty between Germany
and Russia