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Recently the New .York Joiurn&l of Commerce interviewed Director Hans Schuster, of the Dresdner ißank of Berlin, who is paying a 1 Vigit to America. In the course of the Interview Ilerr Schuster' ha 4 . some interesting things to say* "The situation in Germany, " ho said, "is not at all alarming. .Wo have had great' industrial pros-* perity — our coal, iron, steal, an/3 other commodities (have prospered ' greatly, wages have advanced, and money naturally has been dear in Germany, as '-elsewhere But| •A-nierica. is in >a more vulnerable, position than Germany regarding? credit. Continental oivintiiies ! know that they must depend •almost j wholly upon their own finances to carry on their business, anil a!re thu3 careful not to go ahead too fast. America, on the other hand, i always looks to foreign countries^ I for financial aid, and relief: iipoiai j outside assistance when money be^ iCormes stringent. Then speculaifcion jhas not ?Deen so rife in Germany. ' Our industrial 'pharos, many of j which sel{ at several hundred per cent., ar& mostly held by local' in-i •vestors on very (generous margins ■ indeed— say, 30 of 50 per cent. A' , [reaction does not, therefore, result' ! j in thol selliagiout by bankers of j these customers. In America wagesj .fluctuate in harmony with general .conditions, but m Germany ,wag«g I move only one way — upward, has never been any material do- J | clinc in skilled labour, nor do I believe wages will be reduced even ; should an industrial reaction' set in. for the reason that products of all" kinds have steadily advanced in price, and manufacturers are able . to pay more for labour. An in-* . ! dustrial relapse thiß year, for Instance, -Would not carry values bc--1 10-w -what the>y were savetrai years I ago, and though the upward trend tnijjht bo checked tcntpiorarily, . IJ i cannot see that a decline! coul<V jtaiko place. Germany, accordrag,lyf does not suffer from one Amerijcaw danger. i A pronouncement by the President of the Harlborough branch of the New I Zealand Farmers' Union seems to show that in Marlborough the Crown tenants! are either very satisfied with things aa they are or very apathetic. According to "the Marlborough " HeTald," the chairman reported that tho addresses on the Land Bill delivered throughout the province by Mr Matheson (the touring , lecturer of the New ZealunH Farmers' | Union) " had awakened very little interest. The meetings were poorly attended, although the speaker was well worth listening to. All those who heard him were pleased. The people did not take an interest in the Bill. They either ware satisfied, or relied on the press for their information." /POWELL'SX [Bals3MJi°A&i!§eec3\ \Fop|coTpS / \ ASTHMA / Vlbronchitis/ Children. V °^ ANISE^P J Ohemtiu & stortt. Beturlf Tq^ziou get PomtW tuitu above iiark. OHIGIN OF DISEASE. Nine-tentlis of the principal diseases which to-day afflict the human race have their rise in a common, ordinary little cold. The history of most cases of disease of this character is very much the same. The cold comes, and it is englected. It moves down from nose to throat, from throat to bronchial tubes and lungs, and when it doesn't end there, in consumption. Its after effects are sure to weaken the kidney, liver, and heart. This is all accepted, and taught in the medical schools of to-day. It is well for us to remember it. An equally important fact to 'remember is that the proper and only scientific treatment for a cold in any stage is. Dr Sheldon's New Discovery for Coughs and Colds, and Consumption. This medicine will cure any kind of a cold or cough, and will prevent all the dangerous after-effects of Lung and Throat Diseases. It is guaranteed to cuve, or money back, "ry it- Prir> IS 6d and 3s. Obtainable at W. ('. An-.sM. chßitilstj ap«nt*

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https://paperspast.natlib.govt.nz/newspapers/NEM19070618.2.9.7

Bibliographic details

Nelson Evening Mail, Volume XLII, Issue XLII, 18 June 1907, Page 1

Word Count
628

Page 1 Advertisements Column 7 Nelson Evening Mail, Volume XLII, Issue XLII, 18 June 1907, Page 1

Page 1 Advertisements Column 7 Nelson Evening Mail, Volume XLII, Issue XLII, 18 June 1907, Page 1

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