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Of course, by "instigators of the war" Helfferich meant the opponents of Germany, but I think that unconsciously he was a true prophet and that the "leaden weight of the billions" which this war has cost Germany will be dragged about after the war by Germany, the real instigator of this world calamity.
This belief of the Germans and Helfferich is one of the notable fallacies of the war. The German war loans have been subscribed mainly by the great companies of Germany; by the Savings Banks, the Banks, the Life and Fire Insurance and Accident Insurance Companies, etc.
This was made the occasion of a sort of German-American love-feast. Zimmermann, although he had to go early in the evening to meet the Foreign Minister of Austria-Hungary, was present; Helfferich, Vice-Chancellor and Secretary of the Interior; Dr.
He saw that only the most desperate resistance on the part of the Chancellor would be able to stem the tide of hate and keep America out of the war. On January 7th the American Chamber of Commerce and Trade in Berlin gave a dinner to Ambassador Gerard and invited the Chancellor, Dr. Helfferich, Dr.
Who, at that time, could have compelled us to accept terms which we regarded as incompatible with Germany's position in the world? Herr Helfferich before the Examination Committee of the National Assembly, expressed the view that in the end Mr. Wilson would have forced peace upon us with the butt-end of a rifle. But whence would he have obtained this butt-end?
The case of Mehring is classical proof of the fact that we are no longer far removed from the Helfferich ideal." Herr Dittmann went on to say that Herr Mehring's only offence was that in a letter seized by the police he wrote to a Reichstag deputy named Herzfeld in favour of a peace demonstration in Berlin, and offered to write a fly-sheet inviting attendance at such a meeting.
Chancellor von Bethmann-Hollweg led the party which demanded an agreement with the United States. He was supported by von Jagow, Zimmermann, Dr. Karl Helfferich, Secretary of the Treasury; Dr. Solf, the Colonial Minister; Dr. Siegfried Heckscher, Vice Chairman of the Reichstag Committee on Foreign Relations; and Philip Scheidemann, leader of the majority of the Socialists in the Reichstag.
The man under preventive arrest is overburdened by the uncertainty of despair, and is simply buried alive. The members of the Government do not seem to have a spark of understanding for this situation, the mental and material effects of which are equally terrible. "Dr. Helfferich said in the Budget Committee in the case of Dr.
=Speech by Dr. Helfferich, Secretary of State, on the Submarine Warfare= The Norddeutsche Allgemeine Zeitung of May 1, 1917, gives the following speech by Dr. Helfferich, Secretary of State, on the economic effects of the submarine warfare delivered in the principal committee of the Reichstag on April 28.
In his contemptuous reply, which, showed that the Government was confident that it had nothing to fear from the majority in the Reichstag, Herr Helfferich said: "The institution of the dictator comes from ancient Rome, from the classical Republic of antiquity. The whole development proceeds by way of compromise between the needs of the State and the needs of protection for the individual.
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