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About The Omaha morning bee. (Omaha [Neb.]) 1922-1927 | View Entire Issue (Aug. 5, 1923)
German Hope Lies in Agreement of s o France and Britain Parley Result Bears on Future of Country—Needs Finan cial Aid—Split-Up Is Feared. (Continued From First race.) revolution In terms of the mere over turn of the present national- govern ment and the substitution of another national government. What every body fears as the next phase is a Germany separated into several inde pendent states and kingdoms. If this should happen, part of Germany would go Protestant monarchist, part MAvould go Catholic monarchist, part * would ) communist and part would try to go along as an ordinary democ racy, but would probably he chewed up by the others. In Berlin and throughout Prussia generally, the reactionary party thinks in terms of reviving the mon archy with one of the former Kaiser's young grandsons (too young to be as sociated with the discredit attaching to the kaiser and the family general ly) In the role of a 'new king and under the regency of one of the kaiser'* less unpopular sons. But while his would suit the re actionaries of Prussia, it would not suit the reactionaries of Bavaria at all. Just as Protestant Prussia will listen to no talk of a Catholic dynasty, so does Catholic Bavaria refuse to consider a Protestant dynasty. In the monarchist parts of Bavaria, and in all those portions of southern Ger .many where the population is pre vailingly both monarchist and Cath olic, they have come to think of the royal house of Bavaria as the suc cesor of the dead Francis Joseph and the destroyed Hapsburg house of Austria. These two, the Ilohenzollerns and the royal house of Bavaria, would ex > press the next phase of considerable ' portions of Germany, assuming that the monarchists and reactionaries should come out on top of the chaos that is feared to be ahead of Ger many. In addition to these, some of the minor princelings of the old Ger man empire might emerge as the : heads of other independent monarch ies It Is by no means certain, however, that in any break-up the monarchists would be surely successful. In some portions of Germany they would sure ly be unsuccessful. Everywhere the efforts of the monarchists would be strongly contested by social demo crats and communists. And In some parts of Germany it Is completely tak en for granted that the communists would prevail. One of these portions overlaps the Ruhr district, in which the strongest stimulant to ^revolution now exists. Communism, wherever it exists in Germany, is more intelligent, less violent, and more apt to have a longer term of survival than com munism In Russia. That is why a German expression of communism Is so much feared. Those who don't be i lieve In communism think that if the 3 German communists should take over ..some of the factories in the Ruhr, \ for example, they might be able to l run them long enough and with a suf r: flcient degree of effectiveness to '. stimulate emulating experiments else where In Europe, outside of Ger many. I'nliUe Other Countries. All this composes the sort of talk • one hear* quite generally In Berlin. , Members of the present German gov ernment, when they speak in confi dence, talk with somber seriousness of it. Acute English observers regard , it as a menace Just ahead. So also do - American observers. (The one Ameri can exception is composed of the newspaper men; they have been close to crises bo long; they have heard so much apprehension of disaster, that they decline to get excited about it until it actually happens, from which state of mind they pass, in many cases, to skepticism about the possi bility of it happening.) No one, however, ran have had the contacts the writer had during the past month with many classes of per sons close to the situation, German, British. American and French, inter ested and disinterested without being forced to set down that a social upheaval and a disruption is serious ly feared and predicted by persons in a position to have the best Judgment. It is to be remembered that Germany, . in spite of the common language, and i all else that Is common, Is much less cohesive and less homogeneous than ' countries like England, Frante and ' America. Germany essentially Is com posed of independent states with a ] much lighter federal tie than we have \ In America. It Isn't so long ago that these states used to hate and fight j each other. The unity they have had in recent years has been chiefly the . cement of success. Bismarck, In re turn for their assent to unity, gave them power, prestige, success. But now the cement of success has been dissolved by failure in war. If the french end British should agree, and If their agreement should express Itself, within a reasonably short time, In a fixing of a definite sum for reparations, Germany might take an altogether different turn. It must be remembered that definiteness of the sum demanded from Germany is even more Important, almost, than the size of the sum. If the French ' and British should name the amount s of money Which Germany must pay, J coupled with the necesenry implica tion that so soon as Germany pays this sum she will be free—in that . event the present form of the Germnn government might continue, Germany might survive as a unit and might even forgs ahead Into a period of great economic activity. One of the ! great Berlin hankers, speaking to (he writer one day last month, said: "If Britain and France want the maxi mum of money out of Germany, there Is one German asset which they Should capitalize, and out of which they can get more money than from any other one form of security; they should capitalize the hops of the Germnn people." If the reparations should be made a definite, fixed sum. If that sum were such as to make the German people feel that by hard work t<hry could pay It. and If the German pen I pie were assured that on payment of r this sum they would be free, then 1 Germany undoubtedly would leap forward Into a prolonged period of Intense productive activity. Before this can happen, however, Germany will have to borrow money. n 1 Fur Display Attracts Omaha Women Omaha women appreciate beautiful furs, gays Carroll R. Belden, vice president of Thompson, Belden & Co., and his evidence to prove the fact is the hundreds of women who have stopped to admire the attractive win dows holding the annual summer fur sale display at that store. > "Business this year is far beyond the expectations of Omaha merchants,/ states Mr. Belden. "Our store sold more fur coats and fur pieces in four days this year than in eight days last season, and 1 believe other stores have done equally well." Both the German government as a government and the German business men generally will need to get large credits. That would present no dif ficulty, for the credits would bet quickly forthcoming If the German reparations were fixed In such a way as to give the bankers of the world confidence in the possibility of Germany pulling herself out of the hole. Germany Rich, But During the past few months it has been commonly said that Germany is, potentially, Immensely rich; that Ger many can pay greater reparations now than it would have been rea sonable to assess against her three or four years ago, soon after the war. The present writer is among those who have expressed this belief The present writer still believes it is true, but believes also that this statement should not stand alone, hut should be read in the light of come important qualifications. From one point of view it is possi ble to say that Germany is equipped as no other nation In the world is equipped to produce goods in great quantity and at low cost. But from another point of view It is possible and equally true to say that Indus trially Germany is merely a hollow shell. Germany has the plant—there ran be no doubt about that. Her fartnrtes have been extended, her machinery has been brought up to date, her fa cilities for production have been im proved to the top notch of perfection. This has been the result of two poli cies followed by the great factory owners. One policy was to avoid taxa tion by putting profits Into Improve ments, which, under the recent Ger man system, was not subject to taxa tion to the same extent as profits taken out of the business. In the same way, in a period of depreciating currency, it was obvious wisdom for factory owners not to save their prof its, not to let them lie In the bank where they would shrivel up over night, and not to put them in ordi nary forms of investment where they would also shrivel up over night, but to put them into the purchase or erec tion of improved machinery and larger buildings. Credit Is Daw. All this has happened, and it has made Germany potentially productive to an immense degree. But at the same time the depreciation of the currency has left Germany without working capital, either in the form of usable currency or in the form of credit. An American business man who surveyed the German currency situation closely, said that every bit of currency In Germany lumped togeth er could be bought up by Henry Ford out of one year's profits of his fac tory. And, where currency Is cumulative ly valueless, credit can hardly exist. For one reason, the entire creditor class In Germany has been wiped out through the depreciation of the cur advertisement! the secret of < Vitality VOU, too, may be more at I tractive. It is the blood that circulates thru your bddy and comes to the skin that makes the “glow." It is the rich blood that clears away pimples, skin eruptions and makes the skin youthful and clear. It is rich blood that feeds the flesh and rounds out the body naturally. Then why not use this sim ple reasonable way to have more strength and more vital ity and attractiveness that fol lows? S. S. S. is one of the greatest blood-cell builders, body builders and blood-cleansera of all time. Its medicinal In gredients are purely vegetable. S. S. S., because of its blood building powers, is a remark, able builder of firm flesh. It fills out hollow cheeks and beautifies the complexion at thousands of men and women can testify. 8. S. 8. It told tt til food druf Moral in two alaaa. Tho •*r8»r lilt la more economictl. World's Best olood Medicine rency. All the persons who bought bonds and mortgages, all those who loaned money In any form, have been reduced to poverty. As to the class of new rich, the factory owners who profited in pro portion as their creditors were wiped out—these, as I sad before, have either put their profits back into their factories, or have shipped them off to the banks of Holland or Amer ica. The depreciation of currency wipes out all credit. Nobody is go ing to lend a mark or a dollar if he knows that by the time he is paid back that mark or dollar will only be worth a fraction of what it was when he loaned it. For this reason, and in this sense, Germany industrially is a hollow shell. It has the plant, but it has no working capital, no credit and no orders. Without these latter, the mere possession of a physical plant cannot be regarded as wealth. In America, riding on the railroad be tween Philadelphia and Wllmlnffton, you can see stretched along the Dela ware river the biggest and in many respects the best equipped shipbuild ing plant in the world. But, stand ing Idle as It Is, you can’t regard It as any contribution to the national wealth of the country. The country which built it and owned it could not sell it for $1 in $10 of what it cost to produce. That on a small scale lllus trates Germany’s Industrial situation. If reparations can be fixed so that the money lenders of the world will loan money to Germany, and so that Germany can go to work. It can pav immense reparations. But until that is done It can pay no considerable reparations whatever. In addition to the Impetus toward dissolution coming from the pressure of the French, there Is a strong in ternal Impulse toward social upheaval In the results of the depreciation of I the mark. Immense classes of people, i many of them the most intelligent and| most admirable In Germany, hnve been utterly impoverished. The de predation of the mark has had as its chief effect the rendering quite value jess of everything In the shape of a bond, a mortgage or any obligation to pay. Without going too much into detafl, you can visualize what has happened In Germany by looking upon its analogy ln the United States. If the thing that has happened In Ger many should happen in America, the following, among other results, would ensue: Practicadly every hospital would be without funds, for the bonds in which hospital endowments are invested would be valueless. Prac tically every college would be In the same situation, and every professor would be close to starvation. Every life insurance company in America— the Prudential, the Metropolitan, the Mutual I.lfe. all of them—would he re duced to complete poverty, for under the law- the funds of life insurance coni|miii<m are invested in bund*. Every individual whose savings are in bond* or mortgage*, or in ravings bank deposits, or ip life insurance policies would be wiped out. Every holder of a 11,000 Liberty bond would see that bond become worth not enough to buy a breakfast of ham und eggs. One need not give the picture In any greater detail to understand the impetus toward social dissolution which must flow out of depreciation of the currency. Just who was re sponsible for the policy of deprecia tion, who decreed it and carried it out: whether It was a policy forced upon Germany by her external cir cumstances or deliberately adopted by insiders who conspired or connived at It; whether it was a device to evade paying reparations or merely the "easier way” of a government too weak to tux its people directly—all that Is an inquiry which it is too early to make successfully. In any event, the answer does not matter. The process has worked immense injustice and created immense hate. The hosts who have been dispossessed of all see the flaunting wealth of the few who have profited by depreclation the great industrialists, speculators and the like, who made money in proportion us the patient savers lost it. The result Is a sense of outrage which, even If there were no other circumstances, would create a burn ing Impulse toward dissolution. (Copyright, 1923.) First Omaha Dog Show to Be Held November 16 and 17 The first annual dog show will be held November 16 and 17, according to announcement by L. C. Fauble, secretary of the Nebraska Kennel club. The show will be held at the Muni cipal auditorium. W. F. Matthews, superintendent of the national organi zation, has been named superintend ent and show secretary. He has opened offices at 638 Securities build ing. The Nebraska Kennel club was organized last spring and now has a membership of more than 150, com posed of dog breeders, fanciers and enthusiasts in Nebraska and western Iowa. Bee Want Ads Produce Results. Vatican May 0 (io to Vienna, Priest H ints Pope Believes Location of Church Center in Austria Would Help Restore World Peace. Paris. Aug. 4.—Pope Pius XI and his counsellors are considering the evacuation of Rome and the removal of the Vatican, seat of the Catholic religion, to Vienna, according to the weekly magazine Aux Eeoutes, quoting a young priest from Rome who recently made a visit to Paris. "The pope considers that at the present time he is the only person in the world able to restore order, peace and calm to a disordered universe," the priest, whose real Identity Is not isclosed, is quoted as saying. "And. Vienna seems to him a better post of action than Rome, where he is not entirely free." Vienna is admirably situated in the heart of Europe, close to Catholic Poland, Catholic Bavaria and Catholic France, the priest points out. In ad dition, he says, Vienna already has the "calmness and peacefulness of a pontifical city.” "The pope works prudently," the priest said, "but you can be assured that his ultimate ambition is to con quer Austria by spiritual means. Monseigneur geipel (priest-premier of Austria) is really the eharicellor of an invisible sovereign, who can one day be the successor of St. P’ter. An active religious campaign is be ing carried on in the neighborhood of Vienna and in Vienna itself.” Aux Eeoutes warns against at taching too much importance to the young priest's alleged revelations, suggesting he may simply have voiced “his own hope and dream of the future." The magazine's Italian sources, however, are usually reliable. It was Aux Eeoutes which first re vealed that attempts had been made to assassinate Premier Mussolini, news of which had been suppressed CLEAN - EFFICIENT FOR EVERY PURPOSE Updike Lumber & Coal Co. FOUR YARDS TO SERVE YOU It’s one of the outstand ing examples of fine construction in the six cylinder field, yet it sells for the lowest price Body by Fisher Seats Five Comfortably GUY L. SMITH v "Srrt'up First" Famam at 26th Omaha, Neb. CLEVELAND AUTOMOBILE COMPANY * CLEVELAND i by Italian censors for more than a week. I tide Joe Overcome. Man Francisco, Cal., Aug. 4 —A telegram of condolence to Mrs. Hard j | tug frnrn Mabel I^eaure, daughter of I I'nrl* .loe Cannon, received read: “I can only add rny eincereat gym l*ithy. Poor father cried w hen I told him and repeated over and over: '“It cannot be true. It cannot be true.'" UNION Outfitting company SIXTEENTH AND JACKSON STREETS ^ On Our Convenient $1 Down Charge Account Plan, $1 Down • Insures .Delivery. Choice of Any for Summer Wear Dress I At this saving ! of HALF, you I choose from our entire stock, em bracing Fash- ! ion’s most be- ! coming sum mer styles. There are bewitching models in cool organdies, voiles, ratines, crepes ging hams and ,even heavier weight materials that you can wear until fall. All Spring Coats VI* Price All Suits Vs Price i Sport Skirts 12 Price —11 ' 1 ' ■» j All Men’s Suits And Separate Trousers The outstanding feature of this reduction is what It stands for in tailoring and quality of merchandise. To fully estimate your saving m this sale, you must first note the quality of the fabrics and the styles. All suits are from regu lar stock and in medium weights for year round wear. Boys’ Suits Vacation days are hard on J clothes, but TWO pairs of I pants ineae.s lot I hare are extreme |jlA,S5 | values at. a/ I_ Women’s Pumps Now lasts and strap sandal effort* in white eatuas and neat leathers in the August Kale at, a pair. tl