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Gerard, James W., 1867-1951

"My Four Years in Germany"

But if you have
to send to America for the automobile, if you have to send to
Paris for the pearls or the perfumery, you cannot buy them."
In this way the gold supply of Germany will be husbanded and
the people will either be prevented from making comparatively
useless expenditures or compelled to spend money to benefit home
industry.
On the other hand, when a man desires to buy some raw material,
for example, copper, cotton, leather, wheat or something of that
kind, he will not be allowed to buy abroad on his own hook. The
Central Einkauf Gesellschaft will see that all those desiring to
buy cotton or copper put in their orders on or before a certain
date. When the orders are all in, the quantities called for will
be added up by this central board; and then one man, representing
the board, will be in a position to go to America to purchase
the four million bales of cotton or two hundred million pounds
of copper.
The German idea is that this one board will be able to force the
sellers abroad to compete against each other in their eagerness
to sell.


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