Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-04-05

money, in foreign exchange, Of I'M
portant proportions.
IN addressing ourselves to the
rehabilitation of the devasted re-
gions, certain facts are apparent
For four years, ten of the Sc de-
partments of France served as the
theater of the war. In these ten
departments a number of cities,
| towns and villags are either partly
or entirely destroyed and wide
stretches of fertile lands were laid
waste. Only little has been ac-
complished toward the rebuilding
of homes reoecupation and recul-
tivation of the land since the end
ing of the war. For the rehabil.
itation, Germany has repeatedly
proffered labor, technical advice
and material assistance. These Of
| fers have not been accepted. nor
have they even reached the point
of diplomatic exchange, The rea-
son is not far to seek.
Indemnlties Advanced,
Peculiar though it may seem
There exists in France only limited
| degree of concern for the rehabili'
| tation of the devastated regions
Advanced indemnities have beer
given former occupants of the soil
| land these occupants have removed
to other parts of the country, Sal.
lvaging of the abandoned war ma
terials, and the cleaning up Of tbs
war areas has been undertaken by
influential groups of promotersW Who
are making no effort to expedite
their contracts. The fact that in
fluentiaI opinion in France sees il
the devastated region opportunitS
for a political agitation which viii
always make a deep impression ii
the minds of the people of France
land on foreigners, has an important
bearing on the issue. f.
To Make Fresh Proposals.
| 1.-THE Germany government does
not desire to see hate perpetuateC
between nations. It intends to sub.
nit fresh proposals to France
| Should France entertain objections
to the employment of numbers O
! German laborers in the area. tht
government of Germany stands
ready to offer to France good of
fees and resources in whateve'
form is acceptable.
I'm respect of the immediate en-.
Enlistment by Germany of q sun
of cash money in foreign exchange
of important proportions, it is OBJ
vious that Germany can fulfill this
obligation only through large in
creases in her exports. The mem
orandum prepared by the economic
experts for use at the conference +
London demonstrated how huge
this increase necessarily would be
If great sums OF money were there
| by to be had, and the menace this
great increase would imply to tbs
economic life of their countries
I Coneeding even this, it further re-
mains that the sums could not BIZ
| Immediately realized.
Other Considerations.
"Other considerations have beer
| advanced, among them the pro
| pOeal that our former option!
1 would participate in the returns
from Germany, either shares Of the
capital stock of German companie;
or by other forms of the sharing
of profits, Such a proposal woulC
/ produce only proceeds in paper
1 marks, valueless to foreign credit,
4 ors Indeed, the allied and asso
/ Ciated governments negatived thes.
4 proposals in the treaty Of VersaiI
4 les BIZ taking a first mortgage OF
i the total wealth and all sources O.
! income of the German common
wealth. In addition, the allied ans
| associated governments, in theil
/ deliberations at Paris reserved tbs
/ decision as to what opportunity /
| any. Germany may in any instanc'
be given to obtain credit abroad
i because England and France art
! in debt beyond their limit and thu
granting of credit to Germany By
a neutral power is blocked by The
s general mortgage.
Loan the Only Solution.
IAN international loan, in favor
of which the allied and associated
/ governments would waive theiI
general mortgage, constitutes thu
only solution. Germany is pre-,
pared to offer the necessary Sc.
curities for such loan. It is the
opinion of the German government
that if the loan were properly or
ganizcd and offered and if those
who have evaded taxation be
granted generak amnesty, the
large sums of German capita
which have been secretly with.
| drawn from Germany, could again
be drawn, in for the aleans
~ 1t has been rritafateH by thu
Iaiiias a1fd assoc isfsa goVtf{i lfents
ithat the situation of~ Germany 4
better than that OF many Rof the
allied and associated countries, due