South Bend news-times. (South Bend, Ind.) 1913-1938, 1921-04-27


reparations uestion. Pres't. Hard
irg was appealed 10 on the prin-
ciple OF justice and the American
answer was awaited at any mo-
ment.
The text OF the note forwarded by
Germany 10 the United States for
transmission &c the allies concludes
with the following points:
I. Germany fixes her total la
bility at $4,000, 900 900 gold marks
payable in suitable annuities 20 to-
tai 100000. 600 gold marks.
.. Germany VIII Immediately is
sue an international loan in which
she will participate and OF which
the value, rate OF interest and scale
OF redemption shall be subject u
agreement, the proceeds Of the loan
10 be put at the disposal Of the al
lies.
3. Germany will pay. according
TO her capacity, IN labor. interest
and redemption, the total sum 10 be
paid which ia not covered by the
international loan; she considers In
this connection that Il would De-
possible to pay only per cent an
nual interest.
Variable Form.
4. Germany is disposed 20 per
nit the allies to share in an i'm
provement Of her financial and eco
nomic situation. The redemption o..
the remaining sums will have 10
take, therefore, a variable form, de-
tending upon an improvement. It
would be necessary to draw a
scheme TO be based on an index 10
be used. II the situation became
worse.
5-'N order 10 clear herself as
quickly as possible Of the balance.
Germany is willing to cooperate with
all her strength in the recOnstruc-
ton OF the devastated regions; she
regards reconstruction as the most
urgent basis OF PREPARATIONS and the
most direct remedy for mitigating
the hardships Of the war and the
hatred between peoples. She will
reconstruct towns, villages and own
ships designated or cooperate by
supplying labor and material, or in
any other way agreeable 20 the al
lies.
6With the same object in view
Germany is disposed TO pay in kind
to states which were victims OF the
war in addition 10 reconstruction.
according 10 a scheme as far as pos
sible purely commercial.
Tn order TO give undeniab BILE
proof of her good faith, Germany is
prepared Immediately to place at
the disposal of the Preparations COM
mission o~e billion marks. compris-
ing 10000 400 In gold and silver in
foreign ezchange and $4,000, 600
gold marks in treasury notes re-
deemable within three months in
foreign exchange or foreign securi-
ties
Would Assume Obligations
SIN the event the United States
and allies desire It. Germany is will
ing according TO the extent of her
ability and capacity to assume the
allied obligations to the United
States.
9-Germany proposes TO negou-
ate with the assistance OF experts. as
to the way in which German deliv-
cries for reparations will be reck-
oned. as against the total of Ger
many's debt, particularly respecting
the way In which the price value
will be fixed.
1O-As security for the credits ex-
tended her. Germany is willing TO
pledge public revenue and properties
I'm a manner 10 be determined be-
tween the contracting parties.
11-With the acceptance of these
proposals, Germany's other repara-
tons and obligations will be an
nuued and all German private prop
erty in foreign countries will be re-
leased.
12-Germany declares the present
proposals only capable of being car
ried out if the system of penalties
is discontinued forthwith and she IS
freed from all unproductive OUTLAWS
now imposed upon her ana that she
be given freedom OF trade.
Would Accept Decision
In the event Of differences or
opinion arising from an examination
OF the proposals. the German gov
eminent recommends that they be
submitted for examination TO a COM
mission Of recognized experts ac-
ceptable 10 ali the interested gov
eruments. She declares herself
ready in advance to accept as bind
ing any decision reached by this
commission.
Should any other form Of pro-
posals in the view Of the American
government facilitate further nego-
tiations Of the question the German
government would ask to have its
attention drawn 20 any points in
which alteration is. in the opinion
Of the American government, desir-
able The German government
would also welcome other proposals
from the American government.
Finally the note says; The Ger
man government is too deply con-
WINGED OF the fact that the peace
and welfare OF the world are de-
pendent upon a speedy, just and
fair solution OF the separations
question not to do everything within
it's power in order 10 enable the
American government 10 direct the
attention Of the allied governments
o, +he r,arta~