South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-05-18
SMNR SITTING ON THE LID OF THE WORLD YOUNG
BUSY An Examination Into the Tremendous Tasks Which Lie Before the Five Men From NAVAL
district England france Italy and America the eaon Committee SAVED
By William Allen White
a court but as an accountant

begins as a court but as an accountant
and later an administrator.
ADMINISTRATION WILL
BE \ BIG JOB.
AS an administrator the committee Will have biz
job II a concerns
taken as security and in payment for the German debt
instance. German Overseas Public ITtility
company being largely German state property turned
allies. must operate the com
pany until buyer be found who will pay all the
company is worth. If the German state railroads
10 be put IN the pot part payment for the German
debt the committee the railroads
II certain German ports be turned over TO
allies the reparatons committee must administer the
ports 1t be that most Of the public utilities OF
Germany may have relations Of some sort or other
with this committee and viii be the greatest
istering organization earth. making any American
corporation like the Oil or the steel trust
look like a country grocery store.
PLANS JUSTICE
FOR ALL NATIONS.
And mere comes its legislative function. France
finds her coal output millions short by reason
Of German vandalism in the mines Lens France
has taken Alsace Lorraine great coal using
territories France also has taken coal
VALLEY. This coal Of the saar valley Will lust
ABOUT supply the needs of Asace and Lorraine with
perhaps twobr three millions to contribute to the
French shortage Naturally. Germany should make
this shortage. and il viii be the business
separations committee TO that Germany does make
this shortage. but only up a point That point.
Of course is the point where justice works
am injustice 10 England or Italy or Belgium 1t is cas-
lily conceivable that if France takes all the
many has in excess of her own first needs France
might iniure OF her allies. then asain what
Cermany's first primal needs? shall Germany
be allowed enough coal to grow and develop indus
trially2 If how shall industrial develop
ment proceed TO "a point where she snail invade the
trade of England OF if to lesser point just where
shall Germany's industrial development stop These
questions for the reparations committee to decide
legislature. Others of like suggest them
selves. such the rights Of Germany export in
petition with the allies.
COMMITTEE WILL.
GERMANY'S GUARDIAN.
fact, this reparations committee is a legislative
guardian of Germany in her interior affairs in hel
velCpnent. The committee the receiver nation
Now nation does not long submit to foreign inter
yenton when it believes that Intervention is unjust
proectorate is dangerous thing to ablish
unwilling people. There is real danger of war in the
world every day this protectorate Germany
IT'S rule is not absolutely fair Germany and also
fair TO the ctors who have conquered her. The posi-
ton requires superhuman wisdom. Yet it is a neces-
sary establishment It is the only contrivance which
viii keep the fruits victory hands Of those
who the decision.
WILL BE DICTATORS IN
FINANCE AND COMMERCE.
Now IN addition to these relations with Germany, the
Preparations will in the comm
financial the civilized
mittees first job will be to that EXCHANGES are
stable. This means that the mark must be kept fairly
close 10 par value with the other currency of the
world. after all, the value OF German
only symbol of Germanys ability pay. lndica-
ton OF the status OF Germanys prosperity; and upon
Germanys prosperity. in a large measure viii depend
the prosperity of the world. The German mark
80 with Germany owing allies billions of
dollars without slump in the credit of other
tious of the world who hold German securities.
banker the reparatons committee must that its
administrative and legislative activities do not impair
the value of the money of the nations which the
committee is exercising guardianship.
may be announced definitely that the committee
viii have the power to take Germanys bonds from
time to time. These bonds will be taken for