The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-04-29
NAzlSDENYINC
jews WEALTH
CONFISCATED
Washington Studies Full
Import of Affect on
u. S. Citizens


decree for registration OF Jewish
propcl.ty in the reich does not
mean confiScation, we'll informed
Nazi circles declared last night.
1t was indicated that property
RICHES will be respected in trans
actions connected with Aryaniza-
ton
The object of the decree, this
source said, was to speed up and
organize Aryanization of Jewish
business "hithcrto conducted with
OFT method" and had been con-
tcmplatcd for some time. The in
corporation of Austria, with far
more important Jewish interests
than in Germany proper. brought
the issue to a head.
1t was considered likely that
Jews will he given an opportunity
to sell their businesses to .Nyan
bidders.
The purchase price may be civ
en- them in bonds bearing interest
guaranteed by the reich.
Under present currency rc%ula-
tons the transfers Of amultics
from these bonds is rot possible.
However. the United Press I'M
formant said that should the
reich's currency situation improve
it is possible that Jews will be al
lowed to leave the country, the
reich undertaking to Fay them an
nuities. respecting property rights
in all transactions carried out III
connection with Aryanization.
Neutral observers, on the other
hand. pointed out that the forced
sale of so many businesses could
not be carried out at anything like
normal prices, such Il heavy offer
being bound to deprcSS prices.
L. S. Ambassador Hugh K. VIII
son arranged last night to ask the
government to clarity the scope Of
the decree. particularly as it af-
fects Jews who are American citi-
Zens.
Foreign diplomats, surprised at
the sweeping scope OF Field Mar
shall Hermann Wilhelm GOering'S
decree and still uncertain as to its
exact implications. indicated con
flict in interpretations of the
1885 Gcrman-Amcrican treaty OF
friendship might be Brought to 4
head.
The question was raised as to
whether the treaty, renewed IN
October. 1885, was involved mas
much as the decree might affect
American citizens Of Jewish origin
who own property IN Germany,
whether they reside there or not.
Diplomats and foreign banking
interests agreed that the decree,
authorizing economic dictator Goe-
ring to utilize" the Jewish hold
ings for financing Gen many's four
wear plan of economic self-suftl-
ciencv under q method of reglstra-
ton for fortunes and property,
paves the way for complete elm
nation of Jewish business inter-
ests in Germany.
Americans. seeking some clue. to
what might be expected from the
decree. studied the German-Amer-
lean treaty originally promulgated
in 1888.
The treaty guarantees the rights
of citizens of both countries to:
Engage in professional, scien-
tifc, religious, philanthropic, man
ufacturing and commercial work
of every kind without interior
ence, to carry on every form of
commercial activity which is not
forbidden by local law, to run,
erect or lease property for resi-
dental, scientific, religious, philan-
thropic, manufacturing, CONNER
cial and mortuary purposes; to
employ agents of their choice and
generally to do anything inciden-
tai to or necessary for the enjoy
ment of any Of the foregoing PRIV
ileges upon the same terms AS the
national Of the state of residence
or as the nationals of the nations
hereafter to be most favored by
it, submitting themselves to all To-
cal laws and regulations duly es-
tabliShed."
Paragraph " of Article I of
the renewed treaty of October,
1885, refers to the nationals Of
both Germany and the United
States as follows: .....
:" Their property shall not
be taken without due process of
law and without payment of just
oo,,,o,e,tiOp -