Omaha daily bee., 1920-03-10
Normal Economic
Relations Asked
By League Council
Confined From First Pare, !,

| Continued From First Pase5
rials and foodstuffs with view 10
the early restoration OF normal con-
ditions.
"Seventhly - The powers repre-
scented at the conference have given
carcful~ attention to the special case
of the devastated regions and more
particularly to northern. France.
The restoration of these areas is
of primary Importance for the es-
Enlistment Of the economic equi-
librium of Europe and the resump-
ton Of normal trade conditions. 1t
is evident that the large sums re-
quired for this purpose cannot be
provided. out of the current revenue,
nor can the work of restoration be
postponed until the reparation due
from Germany under the treaty of
peace has been received. The coun-
Gil recognized that the Capital sums
required for this restoration may
be properly raised by market loans
IN anticipation of the reparation
payments provided for by the treaty,
and that the restrictions which they
desire to see placed on new bor-
rowing do not apply to loans and
credits raised for the purpose OF
meeting this abnormal capital ex-
penditure.
Want German Debt Fixed.
"Eightly-The powers represented
at the conference have taken under
consideration article 235 and cognate
articles of the treaty of Versailles
and passages in the letter addressed
June l6, 1919, by the supreme coun-
Gil to the peace delegates which con-
template that Germany shall make
proposals for fixing the total of the
payments to be made by her by way
of reparation and that facilities may
be given herr to obtain necessary
foodstuffs and raw, materials in ad-
vance of the payments being made
by way of reparation.
THE powers are agreed that it is
desirable in the interest alike of Ger
many and her creditors that the to-
tai to be paid by her for repatriation
should be fixed at an early date.
They observe that under the proto.
col of the treaty period of four
months from the signature of. the
treaty was provided during which
Germany should have the right to
make proposals of the kind referred
to and they are agreed that in the
circumstances as they exist today,
such period should be extended"
Concerning Germany, the memor-
andum says:
1T is most desirable in the inter-
ests of the allied countries no less
than of Germany that at the earhes,
possible moment the total of repay |
pents to be made by Germany under
the treaty of Versailles should be
fixed and that in accordance with
the terms of the treaty and the re-
ply Of the powers to the German del
egates, dated June l6, 1919, she
should be enabled to obtain essen
tial foodstufs and raw materials and !
if necessary, in the opinion of the.
repdrations commission. should be |
allowed to raise abroad loan to !
meet her immediate needs of such
amount and with such priority as the
reparations commission may deem
essential.
"In the case of Austria, the pow
ers recognize that even more active
assistance may be required to be
given"
Civilization Set Back
The memorandum makes the fol-
lowing general observation:
"The process of recovery of En-
rope must necessarily be a slow one,
which cannot be expedited by short
cuts of any description. 1t can bc
most seriously hampered by the dis
location of production, by strikes,
lockouts and Interruptions of work
Of all kinds.
"The civilization of Europe has
indeed been shaken and set back,
but it is far from being irretrievably |
ruined by the tremendous struggle
through which she has passed. The
restoration of her vitality now de-
pends on the whole e-hearted cooper
ation of all her children, who have
it in their own power to delay or
accelerate the process of recon-
struction.
1T is the hope of every govern
ment that improved conditions of
Iivlihood and employment may be
assured to workers. Taking the
allied countries as a whole, the re-
covery of industry has been re-
markable. Nearly IS months have
passed since hostilities terminated.
and the reaction which necessarily
followed the tense strain OF war is
gradually passing. The citizens of
every country are once again re-
suming their normal occupations Of
home life, and in their renewed Ia
bors the conference sees a clear sign
of renewed prosperity" II
The memorandum reviews condi-
tons in Europe at length. 1t esti-
mates the increased cost of living
in the United States at 120 per
cent, Great Britain 40 and France,
Italy and Belgium at 800 per cent.
It estimates the men under arms
in Russia at 100000: Poland,
Roumania and the former Austro-
Hungarian empire at 100000;
wheat sown in Roumania on De-
cember 1, $4,000 hectares against
an average before the war Of l,oOO,-