Pueblo chieftain., 1921-04-27

Berlin, April 26.-(By the Associated
Press. )-The German people now know
the new proposals which the German
government submits to the allied pow
ers thru the medium of the United
States The terms of tho proposals
were made public today as well as the
accompanying assurances forwarded
to President Harding. Germany de-
caring that the peace and welfare OF
the world are dependent upon speedy
and just solution of the reparatlons
questions, assures the president that
1t will do everything in its power to
enable the American government To
direct the attention of the allied gov
ernments to the matter. AS previously
outlined, Germany proposes to pay the
allies an indemnity extending over
number of years which Will amount
to two hundred billion gold marks,
equivalent to about so0,000. 900; she
will cooperate TO the utmost in the
reconstruction of devastated regions
she will place Immediately at the dis
posal of the reparations commission
one billion gold marks, she is willing
to assume the allied obligations to the
United States. and she will issue an
international loan, the proceeds OF
which will go to the allies, but IN re-
turn she makes the condition that the
present system of penalties shall be
given freedom of trade and that she be
freed from all unproductive OUTLAWS,
now imposed on her.
! The German foreign minister. DR..
Simons, explaining the counter pro-
posals in the reichstag, declared that
| the new offer sent thru the United
States must not be taken ''on the basis
| of an increase over the previous Ger
man offer. but only on a different
| basis"
The new step had been taken by
| Germany, the minister explained, net
from fear of new penalties, but owing
entirely to the false views entertained
| abroad regarding the reparations
question. President Harding was ap-
pealed to on the principle of justice
and the American answer was await
ed at any moment.
The text of the note forwarded by
| Germany to the United States for
transmission to the allies concludes
with the following points:
| One-Germany fixes her total la
payable in suitable annuities to total
| 200, 900 900, 900 gold marks.
Two-Germany will Immediately Is
sue an international loan in which she
Will participate, and of which the val
uc, rate of interest and scale OF re-
demption shall be subject to agree
ment, the proceeds of the loan to be
put at the disposal of the allies.
Three-Germany will pay, according
| to her capacity, in labor. interest and
redemption, the total sum to be paid
which is not covered by the interna-
| tional loan. she considered in this
connection. that 1t Will be possible tc
pay only per cent annual interest. =,
Four-Germany is disposed to permi
the allies to share in an improvement
of her financial and economic situa'
ton Tho redemption of the remaining
sums will have to take. therefore, a
variable form, depending upon an i'm
provcment. II would be necessary to
index to be used should the situation
become worse.
Five-In order to clear herself as
| quickly as possible of the balance,
| Germany In willing to cooperate with
all her strength in the reconstruction
OF the devastated regions; she regards
reconstruction as tho most urgent
basis of reparations and the most di-
rect remedy for mitigating the hard
! ships OF tho war and the hatred be-
tween peoples. She Will reconstruct
| towns. villages and townships desig-
mated. or cooperate by supplying Ia
| Dor and material or in any other way
agreeable to the allies.
| SiN-With the same object in view.
| Germany is disposed to pay in kind TO
In addition to reconstruction. accord
! ing to a scheme as far as possible
| purely commercial.
| Seventh order to give undeniablc
proof OF her good faith. Germany is
prepared Immediately to place at the
disposal OF tho rcparations commission
| one billion marks, comprising 10000. :
| 600 in gold and silver in foreign c1-
change and $50, 100000 gold marks In
treasury notes. redeemnble within three
past fiya years being moro noticeable.