New-York tribune., 1921-02-05
Declares Allies Must Hold
Together and Promises
to Punish Germany if
She Fails i'm Agreements
Sanctions To Be
Strictly Enforced
French Premier Must w ait
Until Tuesday to Know
if Deputies Back Him
By Ralph Courtney
snoo,ni Cable 70 ybs r,.hnno


Copyright, 1921, New York Tribune Inc
PARIS, Feb. 4-Premier BRAND, de-
Tending his reparations program as
agreed upon at the recent meeting of
the Allied Supreme Council, declared
to-day in the Chamber of Deputies that
the Versailles treaty is mot alive"
at is essential" declared the Pre-
mier, chat there should be cooperation
among the Allied powers in the matter
OF sanctions. These, l guarantee, will
be applied. Germany has begun to
complain. She has until May to con-
tinue her complaints, but / guarantee
that if beyond the date fixed she does
not execute her engagements, she will
be severely punished
GAS the responsible head of the gov
ernment," M. BRAND continued, "I have
no right to say more here, but / hope
You understand the full meaning of
my words when l tell you that we are
agreed, among US allies, to put into
practice these sanctions"
Premier BRAND will not know until
next Tuesday, when the reparations de-
bate is resumed in the Chamber, the
measure offapproval which the Deputies s
will extend to him regarding the agree
ment signed at last Saturdays meeting
of the Supreme Council.
Although vote on the question was
postponed until Tuesday, M. BRAND to-
day presented his defense against the
attacks made on the settlement by
Andre Tardieu, Marcel Cachin and
others. His speech was received with
apparent satisfaction by the assembled
Deputies. but no strong applause
greeted any of his declarations. 1t
seems certain, however, that he will
obtain large majority of votes when
the Chamber makes its decision.
b The feature of to-day's sitting was
the rehabilitation of Eaglantl in
French public opinion. From Cham
Der normally very critical of Premier
Lloyd George and England, NJ Brands
eloquence drew long applause at the
mention of Great Britain'se attitude.
Trying Conditions
M. BRAND spoke of the particularly
trying conditions under which it was
his duty to secure the approval of a
settlement with Germany that was
considerably less than public opinion
expected His principal opponent, NJ,
less than the treaty gave and for act
ing In too great hurry. The former
High Commissioner in a bitter tone
said it would have been better to set
tie nothing now, but to wait for a later
occasion.
M. BRAND replied that by making
the agreement he did he had not neces-
sarily abandoned such large part of
the indemnity as seemed to be gem
orally believed, for the IL per cent tax
On exports, he explained, might pos
sibly, in view of the enhanced value
of commodities, bring in 5000, 900, 900
instead of 2,oo0,oo0,0o0 marks every
year.
The Premier said that those who
wanted to discount the German indem-
nifty at once did not realize the impos-
sibility of such procedure. Experience
had shown, he said, that it would be
necessary, in order to discount Ger
man bonds, to pay something like 12,
ia or 16 per cent for the money. It is
understood that M. BRAND had in
mind the terms of the Morgan loan
which France has been negotiating in
Cne united States, under which France
would pay the equivalent of about 12
per cent interest.
M. BRAND said that France needed
from 10000, 100000 to 100000 600
francs, but in order to get cash she
would have to use French savings to
discount the German bonds.
The Premier rcaffirmed the intention
of the Allies to act if Germany de-
faults. He said that the treaty which
NJ. Tardieu held up for alteration was
big end contained almost everything
but there was one sanction which had
been adopted by the Paris conference
last week at M, Brands suggestion
which was of particular gravity for
Germany. This, he said. was the pro-
vision for the establishment of an
economic customs regime on the left
bank of the Rhine which might result
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