GERMANY: Down, Nearly Out

Chancellor Marx held his first reception of the foreign press representatives. In an address he spoke gloomily of the present situation, made it evident that Germany was at the end of her resources. Later, a semi-official statement said in part: "There can no longer be any doubt that the Reich Government, despite all its desperate endeavors to balance the budget by utmost economy measures, by stopping the note presses and by putting the taxes on a gold basis, cannot attain this objective without outside help. It cannot be done with our own...

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