GERMANY: Utility Loans

Governments often come to the aid of their country's industries. Seldom do industries render direct financial aid to their governments. Last week four great electric corporations — Siemens-Schuckert, German General Electric, Bergmann Electrical Co. and Brown Boveri—lent $12,000,000 cash to the German State Railways, to electrify roads in the south of Germany (particularly the Augsburg-Stuttgart line) and incidentally reduce unemployment by providing work for 10,000 men for a year and a half.

In Berlin the Prussian Electric Co. made an even more direct governmental loan by advancing $5,000,000 to the municipal...

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