The Hartford republican. (Hartford, Ky.) 18??-1926, 1921-04-15
BARUCH ANNOUNCES
LIMIT FOR GERMANY
$15,O00,000, 1000 Is Utmost
Berlin Can Pay Wilson
Adviser Says.


sum Germany is able and probably
willing to pay in reparations.
II Is known that the view express
ed by Mr.. Baruch in this respect re-
presented the position of high Off
Gals of the Wilson Administration
with respect to the capital sum Ger
many probably would be able to pay
In Preparations.
This was the view of Norman II.
Davis, Under Secretary of State in
the Wilson Administration closing
day, and who was one of the Presi-
dents principal advisers on econom-
ic questions at Paris.
AS Messrs. Davis and Baruch were
close advisers of Mr.. Wilson, IL is
considered quite probable that the
reparations views are generally sim
liar to those of the former President
with whom Messrs. Baruch and Davis
recently conferred at dinner to them
given by the former President at his
new residence in Washington.
Suggests Cancellation of Debts.
A significant feature of Mr.. Ba-
ruch's statement is his declaration
that there might be conditional can
collation. of interallied Indebtedness
and his suggestion of the terms on
which this might be done.
As one of the terms, Mr.. Baruch
suggests, for instance. that instead of
cancelling outright any part of the
British Indebtedness the United
States cancel conditionally the
amount spent by Great Britain in
this country for munitions during the
war. this sum to be a demand LA
bility without interest and to be col
lected in case this country becomes in
volved in future war. Mr.. Baruch
also proposes that the cancellation
of Indebtedness might be made
means of leveling preferential tariff
barriers.
The difference between the figure
of SI5.OOO.OOO,OOO Mr.. Baruch sets
as the capital sum Germany is able
and willing to pay, and the figure of
$4,000. goo, 900 which the Allies set
70 as the capital sum Germany is able
to pay, is about $6,OOO,000,000.
Interest Is $4,000, 100000
The interest on this for AZ years
would be about S12,600,00O,OO0 so
that IL Mr.. Baruch's figures were
adopted Germany would pay $1,000
100000 less in principal and S12,-
600. 600. coo less in interest spread
over forty-two years, or a total of
S1S,GOO, 900. 900 less in principal and
interest in that period.
Mr.. Baruch's statement of his
views on the reparations question and
his suggestion that there might be
conditional cancellation of interallied
Indebtedness is given in an article
he has written Tor the May issue OF
the Nations Business, the official or
gan of the Chamber of Commerce OF
the United States which made 1t pub
lie tonight.
Whether the evidence as given by
Mr.. Baruch relative to the sum he
thinks Germany able to pay and
which is known to represent what
was the view of the Wilson Admin
istration will also represent the view
of the Harding Administration has
not been disclosed.
Harding Follows Wilson's Idea.
C. e. Hughes Secretary of State
in his note to Germany has declared
that the United States stands with
the Allies in holding Germany re-
sponsible for the war, and therefore
obligated to pay to the limit OF Ger
many's ability to make reparations.
MIR. Hughes has authorized no
statement as to what may be the
present Governments view as to the
sum Germany will be able to pay.
The formula laid down by Mr.. Hughes
however, to the effect that Germany
should pay as far as she is able is
identical with the formula or the
Wilson Administration, which also
took the position that Germany
should pay according to its ability
MIR. Hughes, however, in his note
to Germany did suggest that the
German Government reopen negotia-
lions with the Allies on new basis
and expresser the hope that such ne
gotiations once resumed, might lead
to a prompt settlement which will
at the same time satisfy the Just
claims of the Allies and permit Ger
many hopefully TO renew its produc-
tiv activities"
Children Cry
FOR FtETcHER'S