The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1921-05-23
WILL GERMANY FULFILL THE BoND9

When the Versailles Treaty ready for signature the Allies
having stripped Germany OF immense territories her sppns ~
cables her foreign and her most valuable INNING prop
crty encompad her economic and industrial o
more than generation called her sign where they
In one aspect of this more than rsht oer-
many can absoe herself thousand years seas couu
wash away the guilt under which she sasgers t the % %
there wide difference of opinion both sides OF the A
among men who speak authority to the praccabhy ana
expedency of the settlement OF Paris
Whoever may be right wrong must be admitted that the
Germans signed the Treaty under dures protesting their p
to meet its demands openly declaring that it could be supported
and executed only with bayonets 1t was clearly understood m
allied countries that force be exercised again and again us
provisions to be carried out
Now that the Reparaons Commission has fixed the total nden
ny to be exacted capital of OOOOOoooo gold marks pay
able in annual nstamens five cent interest over eioo
forty years. with export tax added the Germans nave again
,,nder pressure and with deeper growl OF fury.
The ministry having resigned rather than submit to the uea
another headed by Dr. W Chancellor has been formed o Tue
prpo of doing what Dr. Walter Smons declined do Inc aco
in the Rechstag favor of the government by vote
221 to 175 M
German people generally are bitterly resenuut Inc ~
ceptance the laid down based on cruel necessity In o
to save the country from further invasion and to prevent the a
liable industrial region the Ruhr from falling into French hands
and bno eventually aienated altogether present ministry
" transitional one has signed the dotted line MI
Wirth made the following statement
'There is no possibility for other than acceptance or ec
tion The victors have so decided
voluntary labor the heavy financial burdens demanded year by year
Refusal would however urrenderng the basis oil our he
industrial activities and ACKNOWLEDGMENT Oh our
body already greatly weakened ana Tue ss "
. our entire industrial life . =
Bu the effects might be even more terrible LOT our p "
istence and our realm. w
For these reasons the government accepts the umaum We
know that acceptance by of the place Germany will occupy
economy of the world will entail the gravest
responsibility for this falls on the Allies
In
that many in France and England well here have expressed
the conviction that sooner Germany will default As antag
onc interests gradually and break the bonds that tempo
rarv hold the Allies together agnmens take the place
of the old in Europe German nation nearly seventy million
strong WILL upon the favorable opportunity throw off the yoke
of the vcors and unaered of the Europe OF our
Grafton seek revenge. > a
This is the tragedy situation John Maynard Keynes
whose book on the the treaty has had
such tremendous and who represented the British treasury
at Paris, says
Terror despair again force the Germans to give empty
assent to what they cannot will perform with added
tempt from the world
"Bu the truth that the Germans nation bewdered and
fmated beyond description desperately ready to traverse any
avenue out their troubles and to perform to the limit OF th
capacity for the sake of quiet life and little respect
The whole world and above all the United States vitality IN
tereed seeing this matter permanently and justly settled The
value of the bonds will depend entirely whether the
issue is SO compromised guarantee and ultimate quda
ton And it must not forgotten that Americans expected
invest heavily in once order to give France and thu
other Allies the ready without which of them will be
PEELED to confess NEUTRALITY-SUSPICIOUS. Leader.
--