Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1921-02-26

u note constant reference to SONG
alleged secret understanding arrived 1t
| in Paris" said the financier. between
President. Wilson and his advisers, on
one hand, and the French and British
representatives on the other, to the ef-
feet that allied Indebtedness to the
United States, should in whole or IN
part, be cancelled Or forgiven
Saint No Such Thing"
There amt no such thing From
start to finish of the peace confer-
ence President Wilson and his adyis-
ers. without exceptions opposed vigOr.
ousiy and finally, any suggestion or
proposition of cancellation. There was
no commitment as to the handling of
the allied Indebtedness to the United
States government. All the main facts
IN the suggested arrangements for the
substitution of German for Belxan
bonds, were made public
Deprecating Americas lack of repre-
sentation on the permanent reparat,on
committee, Mr.. Lamont said:
Scores PREPARATION commIsslos,
This commission, IN my judgment.
mas been. in considerable measure re-
sponslbie for the lamentable delay that
has occurred in fixing the amount of
German indemnity.
Our failure to name delexate for
this commission has been not merelr
great disadvantage to our former as.
soc.ates In the war but has, I believe,
been largely responsible for the CON.
unued economic unsettlement in EuropA
with ITS unfortunate reflex on our own
industrial and commercial business
The $4,000 .O0O. 600 which Germany
was notified she must pay over 4 series
of AZ years by the recent settlement
at Paris, Mr.. Lamont said, il amort,sed
at S1a per cent and brought hack to
present values, would represent q capi-
tai sum of about thirteen billions. riua
amount Germany has already
paid on account
Indemnity Is Defended
Now even in the most moderate
of the experts figuring at Paris" he
added, thought that Germany could
pay a capital sum Of ten or fifteen
billion dollars. that not counting the
70 called export tax which is d part
u the recent Paris settlement. tho
schedule arrived at does not seem to
'e unreasonable.
Certain it is that the allied and
associated powers would be deliehte0
0 receive as a reparation q capital sum
oday Of $13,OO0 OOO, 900 rather chan
THAT that sum would amount to With
interest spread out over 4 series Of
hirty or forty years"
Mr. Lamont dealt extensively With
he discussions at Paris and the reas.
ms for the decision to establish =
ornament reparations commission.
Damn Logic; Psaslons Win.
He told how General SHUTS finally
onvinced President Wilson that nen.
ons should be included in the repa-
alton bill. Some experts, he aid
Splalned to the president that they
,uid not find lawyer in the Amer.
an delegation who would 1--WE IN
pinlon in favor Of including pensions
na q that all logic was against it.
Logic! Log!c!" Mr.. Lamont said
'e president exclaimed. X don't 1ive
damn for logic. I am soing to In
4 am going to take this opportun.
=. he continued, ITO say a word In
,neral, as to President Wilson's atti.
Ide on the peace conference. He ia
,cused OF having been unwilling to
insult his colleagues. / never saw
man more ready and anxious to COM
1T than he. He has been accused ot
wing been desirous to gain creGlit
r himself and to ignore others. I
'yer saw man more considerato oe
ose who were working Immediately
lder him, nor = man more ready to
We them credit"