The New York herald., 1921-11-21
Government Willing to Go
Abroad in the Quest for
Credits.
MARK OUTPUT UNCHECKED
Nations Industry Regarded as
Sufficient Pledge to World
of Her Security.

BERLIN. Nov. 20 i(Associated Press).-
A communication handed to the Repa-
rations Commission by DIR. Wirth, the
Chancellor, telling of the German Gov
ernment's willingness to seek foreign
credits required to meet the January
reparations payment to the Allies. has
been received by the public as con-
firming the belief popularity held that
the Government possesses no illusions
regarding its ability to get a period
OF grace in which to meet it's oioliga-
tons.
The commission left yesterday for
Paris without answering the communi-
cation, but in official quarters the be-
lief is expressed that a reply will be
forthcoming from Paris.
The belief has prevailed IN Berlin
official circles since its arrival here ten
days ago that it was the primary OBJ
ject of the commission TO obtain at
first hand an idea on which to base its
attitude for an adjustment of Ger
many's reparations payments subse-
quent TO the falling due Of the January
and February instalments.
The deliberations of the commission in
BeRlin were wholly informal. even when
consulting Government officials. The
members OF the commission, singly or
collectively. have conferred chiefly with
departmental heads of the ministries OF
Finance. Economics and Foreign AZ
fairs
Although the heads OF the Foreign Of
flee are reported to have made strong
efforts to impress the members of the
commission with the internal and ex-
ternal effects Of forced entry BY Ger
many into the foreign money markets.
Il is asserted that the commissioners
have declined to suggest other meas
ures of relief for the country.
The Reichsbank's statement for the
week Of November Is announced the ad-
dltiou of $500, 0no, 900 marks in new paper
TO the national currency. sending the
total to more than io2. ooo,oco.cco marks.
or which 7oco 10000 is in loan bank
notes. The present heavy output of
fresh paper has been all the more con-
spicuous as 1t occurred in the mid
month period Speculation has been
stimulated as 10 tie totsi at the close
Of the year
Chancellor Wirth's negotiations With
the German Industrialist League have
not yet been decisivcly closed AZ
though there have been reports that the
industrialists were sounding the re-
treat on the proposition, the latest
ts,f tla. -.
with the credits at their command with
out insisting on the Standardization OF
the railways.
The Nationalist newspapers are up
brniding the Chancellor for "The niser-
able collapse Of his policy and its full
iilment At the expense OF tho t8xpay-
crs.' the the TdJcsscitgrg puts II. This
newspaper Gays the Chancellors opti-
u1ism resulted In the complete collapse
~ tho national finances without the
slightest prospect that tho Entente will
give Germanys economic misery due
consideration.
The Lokoi ipsci0cr expresses the ue-
lief that tho Cabinet already admits It's
inability to raise the gold needed 70
meet the January repa rations payment
and is pinnInG It's last hope to creai,
which industry and the banking world
The Voss,sche zoi'up1 ssys It Is In
formed that falling OF in payments IN
kind and the slump In the value Of the
mark have gravely complicated the
whole reparations problem. and that
both factors have completely vitiated the
guarantee under the survey OF tho com
mission Of last June.
The Boersen Gazette disposes OF tho
charges that Germany Is showing bad
faith by seeking 10 prove that the Reichs-
tag budget not only would balance but
would show a surplus OF $4,000, 100000
marks N there wero no reparatlons to he
paid. Tho Roersen Courier is a bit more
hopeful OF the situation than the othor
organs " Expresses the belief that
German industry Is sufficient pledge
for foreign credit. The newspaper sces
IN the trip of Hugo Stinncs. the flnau-
cier. to London n symbol for the indi-
visibility Of the trinity composed OF the
German Government, German industry
and v 5fld economies"