ANTI-JEW BOOMERANG.

Ashburton Guardian, Volume 56, Issue 74, 9 January 1936, Page 7

ANTI-JEW BOOMERANG.

NAZI ALARM AT BUSINESS CHAOS HEAVY TRADE LOSSES.. Attempts of the Nazis (with which the mass of Germans have not the least sympathy) to eliminate the Jews from the business life of Germany have turned out to be a, “boomerang. An article, necessarily guarded, m “Frankfurter Zeitung,” points to the serious economic consequences to v*eimany of the present drive against the Jews, and even the Nazi newspapers display uneasiness on the point. The export trade, mortgage banks, factories and stock exchange values have been all unfavourably affected. In some industries unemployment is mounting by reason of the very success of the campaign up and down Germany to compel Jews to wind up or to sell their businesses. A leading trade newspaper, “The Clothier,” declares that the anxiety which business “non-Aryans” feel as to the future, and the uncertainty prevailing throughout Germany regarding “the extent and consequences of the eventual exclusion of Jews from the economic life of the country” are a great source of unrest. Hugo sums, it is complained, are being lost by mortgage banks owing to the foreclosing of mortgages on business premises owned by Jews no longer able to carry on. The Nazi party’s ban against Jews’ businesses, the refusal of the authorities to place orders with Jewish firms, the drastic methods of the Ministry of Agriculture on the marketing side, are it is explained, responsible for the bankruptcies of Jewish business houses or their enforced transfer. As a consequence the property market has been badly hit, industrial shares have fallen in value, and the organisation of the wholesale branches in trades such as textiles, where Jewish enterprise was particularly marked have led to a swift decline in orders at factories, many of which are “Aryan” owned.