Evening star., 1938-08-18
REICH PUTS TRADE
Burden UPON j. S.
Increase Depends on More
Buying From Germany,
Official Asserts.
By WALLACE r. DEUEL.,

Chicago Daily News Foreign Correspondent
BERLIN, Aug. 18-Germany would
be delighted to pay. the debt it owes
the United States and to buy huge
quantities of American cotton, wheat,
lard and other raw materials-if the
United States will still further reduce
what is left of the debt and will buy
even more from the Reich than the
Reich buys from America, Rudolf
Brinkmann, undersecretary in the
ministry of economics, declared in a
speech before the American Chamber
of Commerce here last night:
The tone of Brinkmann's speech
was friendly. What he had to say
he said "in a nice way" He left the
door open for negotiations for most
favored-nation treaty with the United
States if. as and when there seemed
to be any chance that such negotia-
tlons might succeed
but beyond this Brinkmann Of
fered little comfort to American ex-
porters and holders of German bonds.
There was nothing in his speech to
indicate that the chances for nego-
tiatlng most-favored-natio treaty
with the Reich are any better now
than they were when Secretary of
State Cordell Hull launched his trade
policy four years ago-and the Nazis
launched theirs.
U. S. Must Buy More.
Germany will buy no more American
goods than it now buys and will pay
no more on the debts it owes the
United States than it Is now paying
less, If anything, in both, cases, he
implied-unless and until the United
States buys more than it sells to
Germany and reduces once again the
still outstanding Indebtedness.
Brinkmann denied. in taking this
stand, that Germany is discriminating
against the United States and under
took once again to explain and defend
German policy on the grounds OF
necessity. Charges of Nazi discrimina-
ton against the United States are
based on misunderstanding" Of Ger
many's economic and financial posi-
ton, he said
The Reich can buy only from
countries which buy German goods, he
said, and can pay debts to countries
which allow the Reich an export
surplus in its trade with them. The
United States buys so little from Ger
many that the Reich can buy only a
little from the United States, Brink
mann declared, and can acquire no
balance of dollars which would be
available for paying debts.
Dumping Is Denied.
Brinkmann also denied charges that
Germany is dumping in world markets
In making certain adjustment" in
it's export prices, the Reich is only
trying to protect itself against devalua-
tions Of other currencies, he said, and
suggested that the countries which
have devalued are those which are
really dumping because Of price ad-
vantages the devaluations have given
khem in world markets. %
Brinkmann could find only tw'
t-positive" factors in American-Ge
man trade relations: First the fac
that trade between the two countrie
once was and could again be so profit
able to both that there was every rea
son to believe that it could and shoult
be restored, and, second, what tht
speaker described as manifold con.
nections based on affinity of blooe
which have bound our countries to-
gether for the past two centuries"
Numerous German emigrants havt
made the journey over the great wa.
ter and have found their second homs
In America" Mr.. Brinkmann said IL
this connection. I'VE may well claim
that the Germans who first developed
America in the pioneer days were mo-
the worst type of Germans.
Quotes Roper '33 Statement.
Secretary of Commerce Daniel c
Roper stated in 1888, according to ar
estimate made at that time, that abou'
IS per cent of the American peoplt
were of German descent or had Ger.
man blood in their veins" the speaker
went on. Just as in other sphere!
here also American business has beer
enriched to great degree by thi.
German vitality. German elements
have been of decisive Importance fol
all spheres of national economy.
In this connection should like tx
mention, for example, the sugar in
dustry, which has two German fam
lilies to thank for its development.
should also like to mention the brew.
ipr opd optiro1 ipStrrIp,c cptc irdustrias
in which factories of German origin
are outstanding, and finally, the food.
stuffs industry with number of we'll
known trade mark articles.
"All in all, this should furnish sufi-
Gent reason for promoting economic
understanding"
, tCopyright. 1898, by CHICAGO Daily News
Inc.l