Indianapolis Times, Indianapolis, Marion County, 28 November 1940 — Page 11

DAY, NOV. 25, 1940

EES V1 NS Diep, lly...

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|) Britain Pays for Its War in Orthodox-Exchange, but Hitler - "7 Lats. His Victims and Even His Allies Foot | / 3 5 geo © < Bill for His Army. : << 7 ; = EE a a 2 BAIA PHILIS SNe ; 2 7 7 / ; 7 7 K < IXEILT WASHINGTON, Nov. 28.—Writes a New Yorker whose Senter Sev Besos name is withheld: _ “At various times writers and columnists have stressed the fact that if Britain is to continue fighting the present war she must get, or be given, credits in this country. “This may be so, but/ no- > body to my knowledge has good. And it is good—inside Geryet show; w Nazi Germany many. Outside it is worth little or is financially able to continue the war unless similar favors |, are extended to her. : " “Germany, it has been said repeatedly, began waging war on ‘af shoestring; must, therefore, win : quickly, or not at all Germany and guns, with this paper has no colonies or | which, like the counterfeit $100 hill, _ possessions over- long as he can

seas, as has Eng- . | ¥ land, upon which y te emm—

to draw for finan- ‘|—Na Interest! —No Carrying . Charges!

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cial aid Her internal debt is enormous, her war expenditures Ll! greater even than

» w

iii CL WET AER ”

tain’s. Her terxitorial conquests alone cannot have made her a match for Britain. : . “Perhaps you can ? est of all empires, in fighting’a life-and-death. struggle with. the leading ‘have not’ nation, in this as in the previous: world war must be propped up by ‘the material resources of the United States. The German people are financing their part of this war, as they did the 1914-1918 campaign, without American or other outside aid of a financial nature. Why can't the British?”

U. S. Already Has Paid * This is a -peritiment question. Moreover, it is so typical of others recently received that it would not

be out of place to attempt a hrief,|

though” sketchy. answer here. « First of all, Germany failed ut{erly to finance her World War efforts. She not only bankrupted herself but her allies along with . her. By postwar printing-press inflation she repudiated all her obligations, domestic ‘and foreign, by which process she was enahled to start off afresh, so to speak, without any national debt whatsoever.

Second, by borrowing from the United States and others after the war, she paid a few initial installments on reparations only to renege » when the time came to meet the payments out of her own resources. Also it was with money borrowed largely from the United States— loans which will probably never be repaid—that she commenced the modernization of her “industries which, later on, were to play so inent a part in the arming of the Third Reich. :

Good While He Wins

Third, with regard to the present war, Hitler's finances are similar to those set in motion by the banker who unwittingly paid his hotel bill with a counterfeit $100 bill. The hotel used it to pay the butcher; the butcher to pay the baker; the baker to pay the mill and the mill to pay the banker. This time the banker saw his error and was stuck —but not before the counterfeit had financed a great deal of work. * Hitler started a lot of fiat paper going when he first rose ta power. He sticks & gun under the noses of the people and tells them it is

footed by others—like Great Britain, France, Poland, Czechoslovakia, Norway, Denmark, Holland, Belgium and even Italy, Hungary, Rumania, Spain and the rest of Eu- — «2 o\ Britain, ‘on the other hand, is

trying to finance the war in ortho-| dox fashion. Unable to manufac-|

ture. enough muni at home to

Mh match Germany,~she .is forced to AF

make purchases abroad—chiefly in the United States. For these she js required to pay dollars. Thus when her gold reserves and equities are exhausted, she will have to have credit—aor else. For the dollar

exchange which her present foreign

trade nets her is not a drop in the bucket.

‘JOLLY IRENE,’ FAMED HEAVYWEIGHT, DIES

NEW YORK, Nov. 28 (U. P)— Mrs. Amanda Siebert, who as “Jolly Irene” became known as one of the world’s jolliest and fattest women, died of a heart attack last night in her home at Coney Island, where she had been an attraction on the boardwalk for years. She was 60. Ailing for the last few years, she had lost 150 of the 650 pounds that had made" her famous. For years she’ appeared with the Ringling Brothers, Barnupp & Bailey circus in New York but she always refused to accompany the big top on the road because it would mean traveling in a freight car. They never could get her through a coach door. . When the crowds joked with her, she tossed it right back at them, all the time with her great frame shaking with laughter. She will be buried Saturday in a double-sized grave at Coney Island.

SHERIFF AT PARLEY AS CAR IS STOLEN

FT. WAYNE, Ind, Nov. 28 (U. P). —Now it can be told. : With 74 sheriffs in Pt. Wayne at< tending the annual state convention

of the Indiana Sheriffs’ iation, the official ear of Sheriff Bernard Bradley of Madison County was stolen right out of a downlown

garage. :

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