New-York tribune., 1911-09-11
FRANCE THINKING HARD
De Selves and CaiIIaux Confer on
German Counter Proposals.
WILL CONSULT SPECIALISTS
Financial FURRY Accentuated by
Paris Bankers as a Diplo-
matte Maneuvre.

Paris, Sept 10-Germany's counter
proposals to those submitted by France
regarding the settlement of the Moroc-
can difficulty reached Paris last night.
NJ de Selves, the Foreign Minister, after
taking cogniZance Of them, Immediately
carried the document to Premier Call
laux. The two ministers made a lengthy
examination Of its contents and decided
to submit the counter proposals to spe-
cialists on Moroccan questions, notably
to r. l.. Ragnault, the French Minister
to Morocco. When they have formed an
opinion the Premier Will call a meeting
Of the Cabinet, probably on Thursday,
and lay the whole matter before them
for decision.
In accordance with an agreement made
with the German government, no COM
munication was made to the press con-
cerning the text of the document, but 1t
is understood that Germany, in return
for the recognition Of Frances free hand
in Morocco. demands economic guaran-
tees which amount TO privileges ana
which would be unacceptable net only
to France but TO all the other powers.
The guarantees or privileges asked for
would virtually suppress the commercial
equality of all nations in Morocco guar
anteed by the act of Algeciras.
II now appears certain that the finan-
cial difficulties Of Germany are partly
81, e ha nf French
finance. The German monetary world
was caught at time when 1t was un-
ale to resist the sudden hostility Of the
Paris bankers, who three weeks ago be-
gan to cut off the credits which in any
way concerned Germany. a good deal
Of Berlin paper is held in Paris and an
other considerable amount by SWISS
banks, who are debtors Of the Paris
bankers. When the political situation
W.; taking on a darker aspect as an
ordinary measure of prudence French
fnancers began calling In the debts
owed by Germany. The embarrassment
Of German inanciers was Immediately
perceived. and measures to increase 1t
were tlCDUrdPeU Dy iic iNiiNH
ment as a diplomatic manGuvre.
A French banker Of distinction. VINO
has close relations with the government,
returned here on Friday from Berlin.
where he has made a thorough examina-
ton of the situation. There Is no dis
position among the Paris bankers TO
nush matters too far. but they explain
they desire the return of their money at
a time when apprehensions exist con-
cerning the immediate political future.
German distrust OF the financlal acu-
n.n and ability Of the imperial govern
n,nt will. in French opinion exercise
q strong influence in settling the Mo-
roccan controversy. II Is known that
the financial hurry has been intensely
annoying to German statesmen.
London. Sept. 1l.-Some Of the morn
ing newspapers here take the view that
the severity of the financial Crisis IN
Germany resulting from the Withdrawn
of foreign credit will compel the Kaiser
Ia hasten a peaceful settlement of the
Moroccan difficulty.
The Daily Telegraph's" Tangier corre-
sponaent reports the massacre In the Sus
River region. Morocco, OF four Germans
who were studying mineralogy.
Amsterdam. Sept. 1o.-The government
has cancelled all military leave. and Is
taking all possible steps to be prepared
for eVentualties.