The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1921-12-16
Germany Admits to World State
of Bankruptcy.
French May Demand Further
Occupation of Territory.
MUST REVISE PEACE PACT
New Crashes in the Exchange
Market Are Reported.
German Press Declares Ver-
saiIIes Treaty Main Cause.

! Berlin, Dec 16.-The German
| crash has come. Germany today vir-
| tuaIIy confesses national bankruptcy.
! The German note to the interallied
reparations commission, announcing
that the government cannot pay the
I indemnity installments due in Janu-
airy and February. was the chief topic
I of conversation in official quarters
and the press.
The note was the elimination of a
crisis long foreseen," said the Centrist
| cellor Wirth. The chancellor hon
estly tried to fulfill his promises and
/ the country's pledges"
The German reparations problem
/ has become a world problem said
the Vossische Zeitung.
/ Must Revise Pact.
| Despite the French threats of mill
! tary pressure against Germany, the
keynote of the German press is that
| the allied statesmen are coming to
realize that revision of the Versailles
! treaty is necessary.
| Newspapers say allied bankers real
, ize Germany is not fit to receive cred
its so long as she remains under rhe
! obligations of the new treaty and the
/ London indemnity ultimatum.
The Berliner TagebIatt expressed
the hope that a world conference will
be called to consider the financial and
economic situation, especially in cen
| traI Europe.
Now that the Irish problems seem
out of the way, England is in a posi-
! ton to turn to world economic prob
lems," said the Berliner Tageblatt.
Therefore, we may hope that an in
Iternationa! meeting mays be held to
solve these questions.
Issue Warning to France.
The Deutsche Allegmeine Zeitung,
owned by Hugo SHINES, declared the
German note means bankruptcy of
the policy of fulfillment."
Reactionary newspapers warned
against France getting absolute finan-
cia1 control of Germany.
Germany's failure to pay means the
downfall of the whole policy of the
Wirth government. The chancellors S
cabinet was based on the promise to
pay indemnity.
His political opponents were active
today, especially the Nationalists. 1t
is feared Communists will attempt to
capitalize the situation and precipitate
disorders.
Germany's inability to pay caused
another crash on the exchange mar
ket. The mark fell in value while the
American dollar went up.
Demand New Occupation.
Paris, Dec. 16.-Demand for fur
ther military occupation of German
soil as a result of Germany's an
nouncement that she cannot pay the
indemnity installment due January Is,
was made today by "Pertinax," po-
iitical editor of the Echo de Paris.
He said: There should be a con-
tinuation of the occupational plans
which were interrupted last May
when Germany accepted the allies in
demnity ultimatum." At that time
France was insisting on occupation of
the Ruhr district containing Germany's
coal mines
1T is not difficult to foresee what
reply the allies will make to the Ger
man note" the Petit Partisan, a gov
ernment organ, said. 1T is known
that England seems disposed to re-
linquish her claims on Germany and
accept German bonds in payment for
allied debts.
This would facilitate the issue of
an international loan. If the loan is
made America undoubtedly would
participate and would furnish Ger
many with the gold necessary to make
her indemnity payments to the allies