The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-02-08
WORLD MARKETS WILL TELL If
GERMAN LEVY is FAIR'--BARUCH
American Member of Preparations Commission Is
Not Sure Business Men Will Accept View That
Germany Can Pay; Tax Against German
Exports Is Tax Oh America.
Nv \Is,tN ~ NJ NJ

MASlllNtIION. Feb ST. " lU'
Gormuu rvparntiun agreement reach
cd Dos the allies within German
IaIIity to puy. and it su. what Will Do
tho effect un economic, condition.
generally Of having thr amount "f
IfruurItiuua and tho terms ~ pay
mont d.fiultDlH fixed
Brru9rd M Inruph. economic adj
visor Of tho American peace mission
Itn Paris whom Ga, treaty Nus drafted,
ANA uu, ut tA' American m'mh'is
uu tu" r,purHtinu- commission didn't
give any snapshot 1usw'i tie did
uuit 70 hu uI figuring aud pui through
several telephone calls before h' am
sw,f,d
uts npuriug wac don't, SEQ translate
into American dollars th" amount "i
iud,muitt the allies NOW agree Ger
many must pay ana O." determine now
great % capital charge would have to
ho set aside hy Gormau industry m
order To- umurtiZ, the '2d 600, noe, 600
gold marks boo the u"Nt a. years
las telephone calls summoned 10
his aid expert stutIstiDiaus HuH also
] pot him iu touch with officials from
whom he obtained details cot tue
-Iagroomout which have NOT been care
ricd hN press dispat,h's
We'll h' finally announced from
the facts iu hand, I would say mat
10" total of thu separations looks
pretty sti,f
Merely because Germany may ac-
cent DO. and because, Doe, allies rIF o.
ls acceptable docs NOT moan that
huaiu,s- ,u.u generally thrugluuut
tho wurud will 500 regard b.
TN" r,li story ut whether "a"
rsuaUHIluus agreed uu 900, reason
unl, co.. pu,s-iy,. will Doc tuld
within tho nest few DAYS BOO The
worlds markets
'Ihtt VAL h, DO, T'ul ana only
dependable EuIED.
'If d BIS 1 sum within Germany
ability To- pay and If sh, accept ms
arrangement boz good faith, and not
simply because she has To-. and. Ur-
thor. ir % meets IN" approval ui bust
moss men aud iinau,ior-, thorD ~
sure To- Doe am Improvement bon world
Wild" economic conditions.
There has already been % riHo ln
exchange Boo anticipation thnt the sut-
tlcm,nt would D." reasonable There
would h' 20 further rise. with 90 tru-
d'ucv over q period uf time slowly
Goo approach normal.
This would increase he" credit
facilities uf AN nations involved and
Improve their huyiug capacity and
their ability Co exchange ,uwWudtti's
with another o. would tend Co
increase the wealth of the world and
therefore. Iu,r"rso De, ability Co ''a-
sou fh, p'roDut1g" ~ taxation Doe.
cause OF tn, increased taxable vol
umr'
1 The Dix load G.rusuy must carry
iu meeting the r%,uarItl"u payments
10 demanded iaru,n points uur. b. NOT
l'l"''l" '"' '"''"'' ' ''7" '''
".' '''
\ capital SUM equal iu 'hU d'hi
America incurred iu tho WuT Hl b
per cent interest "N'f a. N''i- ""Ilh
I Just about equal tho total OF tho 'i7'
lhhthihliN
Huf Cos stripping Germany - her
shiprirr Dot, Imposing t rv,'y. tHi
uur buIf p,r cent tax AGAINST tn"
. total of n'I exports, iN r'guirInl tlt'
Hha deliver tu France large quantities
, uf coal and bN slmIItr Limitations
ou her industrial expansion tho All
tirulti'a ui making payment arc mIl-
tipliyd many fold
"A capital -uu eff N3.fNu 0oo, u0N
gold marks said Rnru'h. turning
through memoranda lruurut him Dos
his 4iItisi'iuus 'ii placed "u Interest
tt % pee cent i"r .. N'tr-. would
amount tu s-6 400 100000 marks. tho
amount of th" cash indemnity
~ THAT amounts. on round fig
uros q" 20 billion dollars Ger
many already has paid ahuut So.
500 GOO. 600 That makes 70 total
capital investment ul t little loss
than SO 00o. uUu, Uun-ur p
p~roNiunt"lN the amount Of bonds
issued by America fur the war,
including thu loans 10 tho allies
is thor" 1ny Dependant, basis UI
which Co. 'Stimut" ~, amount tina
Will hc produced b., The tN,Iy, lu,
oro-half per cent tuN uu exports
Harauyh was asked
We dependable basis hr replied
"pl course, Il her exports rrturup,
to the pru-war uuuual 90 Whereabouts
b. would moan perhaps u billion an,
u quarter or e billion aud e hal
marks annually.
: This tax, Of course affords "a
, tariff protection against goods