Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-04-09
Chairman Of Reparation.
Cemnittee Thinks csadi-
tissal Cancellation Of Al
lied Debt. 70 U. S. With
Credit Fer War Munition.
future Would Be Fea,-
ible.

Washington, April -s.-Fireeen bill
liens ~ the sum Germany is able ana
prebahly willing to pay in repAra-
ttpns. il estiHa4ted by.B. M. Barueh,
chairman az the American repaTa-
items coMmittee, lin the current issue
Of the ofaetal publication Of the
chamber Of commerce of the United
States: Mr. ,Raraeh. who took a lasse
tions of the peace treaty, also sug-
gests, with terms, \ conditional cam
COLLATION. OF Observation-Disclosures.
AS. one OF the terms, he suskests.
fer instance, instead Of %cancelllng out
right any part Of the British indebt-
ednees, that the United States canoe!
conditienally the amount spent by
Great Britain in this country for mu-
nitions during the war; this sum to
be. a demand liability without inter-
est and to be collected in cas- this
country becomes involved in a future
war, He also proposes that the can,
madeSA..means Of levellinE preferential
tariff barriers.
view in Paris.
THE consensus in Paris" says Mr.
Barueh, "wss that Germany. could
pay at least the capital sum Of $15,-
ooo. 600, 900, ahaut $4,000, 100000 has
been paid, S56,eoe, Q o,a00, spread
over ferty-two years. is equal to abeul
SIS, soc, zee zee at going rates of in,
terest-say. sh Per cent which
fereisn natiensf have to pay in thi,
nlaH. resaFatiens the Allies expert:
always took 5 per cent interest whicf
would give to 5 6,oao, 100000 spreae
ever ~ years, a present value o,
4 81, eoe. sas, oos.
Germany's Ability.
while in the circumstances j
would coma with bad grace from
America to say what the German
accept. one could say that there can
nat be much deubt that, retaining
Silesia and With all discriminary re
strictions removed from Germans AM
their trade. Germany could pay
present capital value Of $4,000 900,
geo. The real worth of this to tn
Allies would depend upon the fna
Judgment Of the investing world as t
IGermany's ability and willingness t
meet that amount. s.,
Allied Obligations.
'sFhere has been some discussion
i regarding the conditions Of cancella
tion Of Allied Obligations to us
Doubtless those who have responsi
hilikY in the matter. in case it is seri
ouslS undertaken will have in min
the amelteratien or renewal Of dis !
eriminatorY and preferential tariff
against our trade. IL case anythin
Is done, there might also be a DIFF
ferentiatiep between the funds Dor
rowed and :spent. for munitions an
the funds spent In the maintenance
Of the population. or in the continu
aace OF trade. II anything is done i
reference to the remission of that par
of the obligations incurred for Amer
lean made munitions, that part Q
the debt could be made subject t
renewal in case America should be
come involved in another war.
! Might Take Munitions.
/ 1t is fair to presume that the Unit
ed States would become so involve
ilization. In that case, the Unite
States necessarily would have to bu
quantities Of munitions and other ma
teFials from other countries. FIJI
, sun tentatively cancelled or pal
!; without interest would hecpme pay
: able to the United States on deman
only in such an event. This though
is worthy OF attention as a poss!hl
: aid in meeting an extremely difticu.
a question. i -.~
:: Make Germany Pas.
: 1T is conceded that Germany car
. not pay. as much as she ought to pa,
: but l am NOT one Of those WHO thin
the Allies should not require Ger
many to pay the largest possible sun
If France and :other Allies are to.t
? ~~~o,~,Ank> : Gt4Sra a 49,. a,, -~kl =
I work. .WhateNer the final arrangs
; nients .theE must be just to France
! Belgium. italy and the other couu
+ tries Germany raxaEed AMI robbed
On the other hand the burden place
on her must not: he such IS to en-
slave her people, though it, must b
up to the limit Of her ability TO pa,
THE crux Of the world inaustris
and commercial problem lies if tn
; Axtng of the r%eparations that Ger
many must pay. Fixing 8 tion
would be followed. in my opinion. y
4 gradual Fe-estsblishment OF Ger
world exchange, by an increase in IN
: purchasing power Of all the nation
and in a world wide resumption {
cnnmerce.
WEEKLY WEATHER FORECAST
). washington, April s.--Weathe
. predictions for the week heginnin
Monday are:
, Region Of the Great lakes: Fai
except for rains Wednesday or Thurs
day; cool, with freezing Temperature
Arst half; noraal temperature there
after.
Upper MississipRi and Lower Mis
spuri Valleys: Fair except tor Loss
with frosts at beginning Of week
I normal temperatuFe thereafter.