The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1919-04-21
MAY REFUSE TO
SIGN PEACE TREATY
Continued from page -

from the walls. He is quiet, modest
man, and In dress and general ap-
pearance would seem to be anything
but famous capitalist
Germany can carry tremendous in
ternal and external debts, If the en-
tente's demands are not excessive" he
said. I'VE can not pay the figures
France demands. They are outrag-
eous. We cannot stand for robbery Of
the Saar mines In addition to the loss
of Alsace-Lorraine. 1t would leave us
without materials. But we cannot ex-
pect much from the Latins. They are
rot large minded.
France need not fear German mill
tarism. Germany has no militarisw
now. She cannot even crush the
strikes. Look at Munich The en-
tente is responsible for Germany's
future. The indemnites must be low"
Asked II German financiers have any
plan for inducing the workmen to re
sumo their posts, since the banks are
recognized as the back bone of indus
try. Havenstein replied:
"The banks must support the indus
tries more than ever. They are top
ping as the result Of strikes. We
have no plans for quieting the work
men. They are absolutely crazy. Their
demands are outrageous. We cannot
deal with insane people. The work
men ask too much. Wages are too
high now. Labor is greedy and avari-
cous.
1.-THE only thing that will make labor
so to work is need. When that be-
comes great they will return to their
posts 1t all depends upon the en-
No To- q
is for the entente to give us quick
peace. good peace, send us materials
and food and grant us credit. This
would put Germany on her feet again.
I'VE must have imports to get in
dustry going. We must pay most OF
our gold to get food for our people.
We cannot pay out all of 1t, however,
else the mark will drop in value to
nothing at all. 1t is thirty pfennigs
now. 1t will be raised to fifty II peace
lis favorable, and to sixty If America
| lends US credit Then would come the
| long slow grind to make the mark
reach normal.
Since we cannot pay out the re-
manning 1,700,000,000 marks gold that
we have, the entente must grant us
credit. We cannot expect anything
i from France, and little from England.
Hence America must lend US sufficient
credit to resume trade. The only Sc
ourity we can put UP for credit is
Germany's labor.
"The country is suffering as a re-
suit Of the workmen's wave Of insan-
lily. The government must get away
from socialism Specialization Of our
Industries Is impossible It would rob
Germany and her people of initiative
and energy so they could not produce
enough to compete with the rest of the
world
! 1--WE must carry financial burden
that is rendered doubly heavy by our
enormous internal debt. We cannot
discredit our war bonds. They are
n'ostly held by people of small means,
distributed through the school treas
Jury bank campaigns. The banks hold
hut few Of the bonds Annuling them
would ruin thousands, especially since
they are used as securities by count
less small business concerns.
"Germany's only hope is held from
! the entente, which will enable us to
produce articles the world wants At
present Germany can not compete with
other nations, because of high wages.
| Labor's demands are ruinous. We will
/ have bolshevism unless peace is made
quickly and America comes to our
assistance"
| italian Parliament Opens Nav 6.