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Updated: May 26, 2025
On March 22, 1917, the German Government acquired complete control over the utilization of foreign securities in German possession; and in May, 1917, it began to exercise these powers for the mobilization of certain Swedish, Danish, and Swiss securities. Schmoller $2,500,000,000 1892. Christians 3,250,000,000 1893-4. Koch 3,000,000,000 1905. v. Ballod 6,250,000,000 1914.
In a most interesting article published in Smoller's Jahrbuch für Gesetzgebung Verwaltung und Volkswirtschaft, Professor Karl Ballod admits that the requisitions made in Belgium and Northern France have more than compensated for the harm caused by the Russian invasion of East Prussia.
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