Jamestown weekly alert. [volume] (Jamestown, Stutsman County, D.T. [N.D.]) 1882-1925, 1921-12-22
ALLIES CONSIDER
GERMAN FAILURE
TO PAY INDEMNITY,
Declare Germans at Fault For
Situation and That German
Government Refuse to Tax
People in Order to Pay In
demnity-Blame Placed on
Vanquished Nation.

| Paris. Dec. l6.-The reply OF the
allied reparations commission to the
note of the German government an
nouncing its inability to pay the
next two reparations instaliments
ier.
The reply was simply an acknowi-
! edgement of Germany's notification
OF her inability To meet the payments
the commission reserving final de-
cison on Germany request for an
extension OF the time limit
Paris. Dec. 16.--The allied repair
alton commission meeting today to
consider the German notice Of ina
bility to pay the next two INSTALL
ments in full and requesting extern
sion OF time virtually agreed that
the commission itself should take de-
finite action on the request instead
of referring the question to the al
lied governments.
It was announced that the COM
mission would meet again this af-
ternOon to discuss the matter fur
ther.
The allied experts in expressing
themselves on the situation declare
Germany herself is responsible tor
the situation las German govern
ment had failed to make any serious
attempt to balance it's budget. They
declare however, that regardless
OF Germany's responsibility the al
lies and the commission are faced
with the apparent inability of Ger
many to pay.
| Gcrnany'S Failure
Berlin, Dec. 10 The German
government. it was announced today
was informed the committee OF
guarantees that it is impossible for
Germany to pay the sum due in
Preparations, Jan. Is, and that she
consequently asks a moratorium.
1t the moratorium is not granted
| the German government, itstates
will be compelled to have resources
to a credit operation in order to pro-
cure the necessary funds by means
of loans.
The German reparatiOns install~
| ments due on Jan. Is, and Feb. 10.
! respectively amount to 50O,000,0O0
gold marks each.
At the close Of recent meetings OF
the reparations commission in Ber-
lin it was semiofficially intimated
that if Germany could find way of
paying these instruments, Germany
might be given respite from future
payments. provided the Allies were
Convinced Of Germany's sincerity"
The decline in the value Of tho
German mark, normally worth 23.8
cents before the war, to a fraction
Of cent and, perhaps, "the vanish
ing point" greatly complicates the
| financial outlook of every nation in
the world.
The tobogganing" OF the mark has
been attributed by German financiers
to the forced payments on the Allied
reparations of s33,75O, 900,
while others see in their almost neg
ligible value the result Of unsound
finance. cutthroat export sales and
the rush Of the German masses to
the stores to exchange their almost
worthless currency for any and every
kind of commodity. German print
ing presses have been so busy put
ting out paper marks (10,915,500-
900 were issued in one recent month
that some of the currency has ap-
peared engraved on only one side.
1t has been said that Germany
does not possess one-half OF one per
cent of the gold required to meet
her tons and tons of paper oblisa-
tions. @