South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-05-18

year 10 year as Germany seems able issue these
bonds conserVatively AMI 10 pay them. These bonds
viii be held by the reparatiors committee
The allies for further time until they clearly safe
paper upon which to bank. They viii then he used
the basis Of re-ssung certificates 10 the various
nations practically uhderwritten by the reparations
committee.
MAY DISPOSE OF
THE CERTIFICATES.
And these certificates, issued in proportion to the
claims of each nation. may be disposed by
ton receiving them as II sees mt. For instance If the
United States should receive these certificates
separations committee the American government could
issue the certificates directly To the persons who had
certified claims against Germany losses say the
Lustania, or the American government could hold the
certificates as reserve and issue currency AGAINST the
certificates and thus pay the claimants could alb
the certificates into the system
any way which seemed feasible when the certificates
along But the reparations committee would
have TO be the judges OF when the certificates should
be issued in what and asainst what
of German bonds. The committee therefore becomes
the greatest banking organization in the world the
arbiter Of credits to be issued against perhaps fifty
perhaps hundred. perhaps two hundred billion dol
lars, whatever the cost Of tire and the German
ability TO pay may finally be found to be
MAKES MERE KING
BUSINESS FADE.
Court administrator legislator, banker with an I'M
told to ind sltod power to yield AMI
undreamed OF sphere in freely and without
striction! No other such body was created be-
fore. 1t makes the mere business Of being king or
benevolent desDot dwindle into nsgnificance 1t is
literally place on the lid OF the world! And under
The lid are al the eggs of civilization IN one basket
The curious thing about this civilization which call
modern is that cannot conceive place
We who maintain this modern civilization feel that l.
is based upon the capitalist who the toOs. the
landlord who owns tho land the laborer who does the
work the dealer " Sc is the goods the who
buys. Capital our lane system labor market and
commerce itself the civilized world this
reparaton basket Take the lid of the basket. break
the let Germany run amuck and the world VIII
suffer deep all the world America with the
For billions OF our capital is invested in Europe
invested a bet. If Germany fails per
FORM if she gets bounds If refuses justice
France ana Belgium and England-whiff, in
crippled Credit is shattered. Rent and intercs- tum
Lab idle. Commerce stagnates and the
sumer suffers with all the rest TO keep this machine
civilization functionng smoothly all is what
the laborer his job the business his profits and
the consumer shoes for the baby!
CIVILIZATION OR
d}OLSHFVISM Is ISSUE.
And because the 40 90 billion dollars which the
separations committee holds in trust a Bis chunk Of
the worlds credit portance civil
zatiOn that the lid the egg basket shall be well
guarded Put who in the system, who
the machine scarcely realize that out cast o.
the Rhine another kind Of civilization is trying func
nothing for capital Indeed, it is try
Ing to abolish capital and replace with community
credit II nothing for rent For 1t is trying 70
aboish socalize land and land improvements
cares nothing wages would guarantee every
man who works living giving all certain fundamental
equalities such food clothing shelter, amusements
education. books and travel without much difference
the share that each has in the common stock. And
this civilization tying to declare itself
the processes Of business TO the minimum! It
is more than queer civilization. II revolutionary
More oven than that ineNorably eenemy OF
civilization The civilization of the 18th century
not live if this thing called boIshevisn survives
the other must so down. Either We are going 20