THE SILVER BULLET.

Poverty Bay Herald, Volume XLI, Issue 13491, 21 September 1914, Page 6

THE SILVER BULLET.

GERMANY'S FINANCIAL STRAITS

It was stated that Germany was finding difficulty m obtaining contributions' to the loan of £50,000,000 which she has asked for, and that only £10,000,000 has been subscribed. An'interestipg opinion as to what Germany's financial predicament would probably be m the event of war is given by "En Avant," m the September number of the London- Magazine. "Those who 3iave studied the question closely," he Aays, "believe that, m the event of war, Germany has more to fear from financial difficulties than from the enemy. Victory on; the battlefield is possible, but bankruptcy at homo is said to be inevitable. The evil of the system lies 'in the complicated system of credit which German, trade has adopted m order to oust her rivals from the various markets she has coveted. Go anywhere iv the Near or Far •East, and you will find -German commercial lionises offering six months' credit to people an English moneylender's tout would not trust for a day. If Germany suddenly finds herself at war witl, some Great Power, the first act of each citizen will be to withdraw all available cash from the bank, m order to leave his family something to livo upon while ho is away^ lighting— tho Germari -soldier is only paid B_d Tver week. The bankers will have to call m their loans from the traders, and these Avill be unable to realise their assets.' The trader who has got £100 worth of good's out on six months' credit m CBiiria or Turkey would ho. glad to get £10 down iti cash. The traders will thus inevitably go bankrupt, and the banks, unable to get m their money, "will be obliged to. stop payment.:. .Therefore, money ia going to count. Wo have won. with a silver bullet' before." " ,' •■ ; ' ,'., •'■