Evening star., 1921-10-02
INDUSTRIALIST MOVE
HITS MONARCHISTS
Rich Interests, to Save Selves. Apparently
Have Gone to Aid of the German
Government.
Government.

! and centerists he might go down to
defeat, and, with the alignment of in
dustrialists and monarchists. the lat
ter had excellent chance Of usher
ing in q counter revolution against
the republican form of government.
,, With the situation changed and a
spirit of greater, cooperation, Ger
many may yet weather financial
storms and. through concrete agree
ments between the government and
the gold standard industries, repara-
tions payments will be met.
It Is stated that cooperation Is
planned to such an extent as to prac-
tically give the industrial power OF
Germany as security for a loan which
will put the German government in
position to meet all future allied
stipulations. II has been suggested
that. inasmuch as the German gov
ernment is SO near bankruptcy and
the German industrial interests so
wealthy. the government should set
in motion some scheme of expropria-
tion whereby the governments finan-
cial position would remain impreg-
nable. The industrialists, if they have
won promises of cabinet positions.
however, will work out some scheme
to prevent this in which neither the
Industrial interests nor the government
will be hazarded.
Revised ReparatiOns.
many a cry for revised reparations
payments. it being pointed out that
the continued decline of the mark and
the increasingly grave financial di-
lemma of the nation is doing nothing
more or less than demoralize the eco
nomic situation Of the world.
German labor is working as never
before at wages far less than those
received by workmen in other coun-
tries. Germany must curb imports
and increase exports. she being al
ready able to undercut other nations
in world sales through cheap produce
ton. The Germans must win and are
winning markets from the allies. 1t
is pointed out that where the unem-
ployment Of Germany is comparative
ly small. other countries are suffering
and will continue to see hundreds OF
thousands out of employment as long
as Germany's products spread to
greater extent over the world. The
allies cannot raise barriers unless
they prevent Germany from paying
reparations on gold standard basis.
so there is belief in Germany that
sooner or later the allies, particularly
Great Britain. will seek to limit the
obligations imposed in Paris and
London.
Sentiment In England.
Already Winston Churchill Of Eng
land has argued for a reduction OF
dangers to the economic welfare of
other countries. Industrial and finan-
cial as we'll as economic cooperation
between all European nations has
been proposed. but inasmuch as this
frequently has come from Germany.
in one instance from no less person.
age than Ludendorfr. the French are
suspicious. though it is declared some
circles favor the scheme. However,
it may be expected that the French,
ever ready to see s;aa Gsrman C chisaneTs h9.t,s
down the terms Of the Versailles
treaty. will be the last to consent to
any alterations, unless it Is seen that
Germany must go bankrupt. with con-
sequent danger Of obtaining no rep
arations at all.
But Germany has no desire to go
bankrupt. Every effort will be made
to meet reparations payments, and
when the situation has adjusted itself
it may see moneyed interests in such
mower in the government as TO place
the industrial power Of the nation be-
hind reparations promises. In such
case all obligations will be met