Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1921-04-29
GERMANY'S REVISED OFFER
Acknowledges Liability OF Two Hun
dred Billion Marks.
WILLING TO DO ALL THAT She CAN

Has Not Increased Her Previous Esti-
mates, According to Dr. Simons; But
Merely Places the Proposition In a
Different Form.
The German people now know the
new proposals which the German gov
ernment submits to the Allied powers
through the medium of the United
States. The terms Of the proposals
were made public in Berlin on Tuesday
morning, as we'll as the accompanying
assurances forwarded to President
Harding.
Germany declaring that the peace
and welfare of the world are dependent
upon speedy and just solution of the
reparations question, assures the pres
ident that it will do everything in its
power to enable the American govern
ment to direct the attention of the AL
lied governments to the matter. AS
previously outlined Germany proposes
TO nav the Allies an indemnity extend
ing over number of years which will
amount to 2OO,OOO0O0,O0O gold marks
equivalent to s5O,000000,000, she Will
cooperate to her utmost in the recon-
struction of devastated regions; she
will place Immediately at the disposal
of the reparations commission 1,O00,-
100000 gold marks; she is willing to
assume the Allied objections to the
United States, and she will issue an IN
tcrnational loan, the proceeds of which
will go to the Allies.
The German foreign minister. DR.. ST.
mons explaining the counter proposals
in the reichstag, declared the new offer
sent through the United States must
not be taken ION the basis Of an in
crease over the previous German offer,
but only on a different basis"
Not From Fear.
The new step had been taken by Ger
many, the minister explained. not from
fear Of new penalties, but owing en-
tirely to the false views entertained
abroad regarding the reparations ques-
ticns. President Harding was appealed
to on the principle of justice, and the
American answer was awaited 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:
81. Germany fixes her total liability
at o,OOO 100000 gold marks payable in
suitable annuities.
"2 Germany will Immediately issue
an international loan il. which she Will
participate, and of which the value
rate of interest and scale OF redemp-
ton shall be subject to agreement the
proceeds of the loan to he put ut the
disnosal OF tho Allies.
"$. Germany will pay, according TO
hey capacity. in labor, interest and re-
denption, the total sum TO be PAID
which is not covered by the interna-
tional loan; she considers in this con-
ncction that it will be possible TO pay
only per cent annual interest.
II. Germany is disposed to permit
the Allies to share in an improvement
of financial and economic situation.
The redemption Of the remaining sums
will have to take, therefore, variable
form, depending upon an Improvement.
1t would be necessary to draw up
scheme to be based on an index 10 be
uscd should the situation become worse.
"5. In order to clear herse-t as
~
quickly as possible Of the balance, Ger
many is willing to cooperate win all
her strength in the reconstruction oi
the devastated regions; she regards re-
construction as the most urgent nasls
of reparations and the most direct rem
edy for mitigating the hardships OF the
war and the hatred between peoples.
She will reconstruct towns. villages
and townships designated, or cooper
ate by supplying labor and material or
in any other way agreeable to the Al
lies.
&c. With the same object in view
Germany is disposed to pay in KIND 10
states which were victims OF the war
in addition to reconstruction, accord
ing TO q scheme as far as possible
purely commercial.
Money In Hand.
"7, In order TO give undeniable PROOF
of her good faith, Germany IS prepar-
ed Immediately TO place at the dlsposaI
of the reparations commission 1'ooo'-
00O, 900 marks, comprising l5o,OOo'ooo IN
"old and silver in foreign exchange ana
5000 0OOO0 gold marks i'll treasury
notes. redeemable within three months
in foreign exchange or foreign secu-
rites