New-York tribune., 1921-03-11
Hugo SHINES Said To Be
Backcr :of Movement
to Denounce Minister
for Conds1ct lin London
Offer Declared Absurd
Economic Council Holds 1t
Involved Payment of so,
Billion Marks Annually
By William c. Drchcr
Bv Wireless so The Tribune

BERLIN, March l0.-Thc storm brew
ing in the Rcichstag against DR.. Walter
Simons, Foreign Minister, for his fail
ure IN London, is taking more definite
form tonight. Both Chancellor Fehren
bach and the Foreign Minister implied
that they realized the gravity of the
situation in the first words they cx-
changed on DR.. Simons's return to
Berlin.
Il am come to render an accounting
to the Reichstag.' s.id the Foreign Min
lister.
"You enjoy our fullest confidence"
Fehrenbaca replied.
According to the Catholic newspaper
Germania. the head and center of the
storm is Hugo Shines coal baron, and
the great manufacturers Of his entour-
age, who want TO knife DR.. Simons for
his refusal To listen to Stnness advice
at the Spa conference The ground for
the attack on the Foreign Minister.
which apparently is confined to parts
of the Nationalist and Peoples parties,
IS the charge that Dr.. Simons, in max
ing a second offer to Lloyd George Of
what Germany would pay, exceeded the
Instructions that the government had
given hlm and went beyond the esti-
mates which German experts had made
o. what the country could afford to
pay.
Thc National Economic Council has
Joined IN the criticism of DR.. Simons
for having disregarded the advice of
the experts. Az meeting of the coun-
ell here last night it was asserted that
the experts completely disagreed with
the Foreign Minister FIGURES were
cit d to show that the Allied demands
o. go 900 600 900 gold marks in forty
two gears amounted to more than g.
40o, 0o0, 600 900 paper marks at the
present rate of exchange and this
would mean an annual payment to the
Allies of $4,000 900 600 paper marks.
The council pointed out that Ger
many's annual income hardly exceeds
10000, 100000 paper marks and hence
points 10 The Allied demands as out of
the question.
The newspapers join in this argu-
ment, charging that the Allies purpose
Iy made the size Of the war bill impos-
sible in order to insure Germany's re
lection and thus open way for
measures designed to effect the political
dissolution and economic ruin of the
country.
L -t P4t>S 10 HblibliiS " lAH great sat-
isfaction to foreign editorial utterances
eondemning the course which the Allied
powers have taken.
The plans for a German boycott of
Allied goods continue to take shape
ihe Hamburg association of coffee
dealers has sent circulars to all of
its members recommending that all
buying from Belgium, France and Great
Britain be stopped. The association
rctaj Of Rorlip
Bremen and Cologne to support the
action.
Dispatches from the Rhineland indi-
cate tremendous eastward movement
OF goods out of the occupied region
In order to escape the proposed duties
on the new Rhine customs frontier
which the Allied powers are establish
ing. At Mannheim huge auto trucks
loaded with wines. cloth, tobacco and
manufactured goods are crossing the
bridge into Baden. A similar rush Of
shoes out OF the manufacturing cen
ters in the Palatinate is also reported.
German mercantile leaders are of the
general opinion that the new customs
frontier will prove grave hindrance
to trade.
German bankers are exceedingly pes
simistic over Germanys future, regard
ing the situation now as even worse
than y was year ago. reports from
the Rhine region indicate 4 similar de-
preston in financial circles there. In
the words of one Berlin banker, the |
present is the beginning OF the end for
Germany, for it holds out no hope of
better future.
'The expected damage to German |
business interests By the Allied in
vasion is incalculable. but we can do I
nothing to change the course of /
events said one of the leading bank |
ers of this city to The Tribune CORE
spondent to-day France demanded |
quite impossible reparation sums. Our |
refusal to underwrite them was the !
only possible course france is bent
upon running Germany, and we can
only fold our hands and await develop
ments. Some hopeful persons believe |
that d few months VIII suffice to con
vince France that reparations cannot /
be collected by force and she will thcn !
seek compromise. But they assume
that Frances main object is to obtain
money, whereas ner still dearer object ,
is to destroy Germany"
The government treasury statement |
for the eleven months ending with |
February, issued last night to demon