AMERICA’S KNOCK-OUT BLOW.

Taihape Daily Times, 29 May 1918, Page 4

AMERICA’S KNOCK-OUT BLOW.

KAISER’S PROPERTY FOR THE HIGHEST BIDDER The permanent dislodgement of German financial interests in Ameican enterprises is intended by the decision of the Government to sell Germanowed property in America to the highest bidders. Mr. A. M. Palmer, the Government’s alien property custodian, testifying before the Senate Appropriations Committee, which is considering the necessary legislation, outlined in the resolve of the Administration to break up “the outposts of Kultur” on this side of the Atlantic said: “The time has come when the ownership of some of these great German properties should permanently be separated from German capital, and the enemy might as well know that the connection he has been able to maintain with American industry and commerce is broken—not simply during the war, but broken never to be restored.” Mr. Palmer describes the Hamburg American and North German-Lloyd wharves at Hoboken, across the North Elver from New York, as “part of the German Empire’s commercial grasp on this continent.” Senator Owen say that he understood part of the stock of these companies was owned kv the Kaiser. w Mr. Palmer, continuing, said .that these great'industries) financed by the Deutsche Bank and supported by the Junker class, were the kind they ought to Americanise. ‘ ' There were indications;' he 1 added, that the enemy’s hope and purpose was again to try to put a financial grip on America the day after the war was ended. “You cannot strike a heavier blow at the enemy than make him understand that he has lost his connection with the industry and commerce on the American continent ”