The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1921-11-25
nancers to the forced payments on

nancers to the forced payments on
the Allied Preparations of 33,750, 0OO,-
600, while others see in their al
most negligible value the result of
unsound finance, cut throat export
sales and the rush of the German
masses to the stores to exchange
their almost worthless currency for
any and every kind of commodity
German printing presses have been
so busy putting out paper marks co.
915 100000 were issued in one recent
monthly that some of the currency
has appeared engraved on only one
side.
It has been said taat Germany
does not posses one half OF one per-
Ia eqs7ired u l1set
her tons and tons OF paper Obliga
tons. Representatives OF the gov
ernment of France, as an indication
of this recently arranged terms with
Germany at conference in Weis
baden by which Germany has agreed
to deliver seven billion gold marks
worth of building material. German
: bankers have repeatedly urged the
ference and the declaration of a
three year moratorium to enable
Germany to recover her equilibrium.
Many allied economists, however,
maintain that the depreciation of the
mark has been artificially brought
about by the machination and trick
cry of German financers They
point out that Germany is much
more prosperous in comparison with
other European countries and that,
while there is great contrast be-
tween the extremes of wealth and
poverty in Germany SPECTATORS are
making millions and nearly everyone
is at work even IL at low wages.
The sub committee, known as the
Guarantees Commission of the re-
parations commission, have gone to
Berlin to investigate whether Ger
man marks really have any value.
In event of finding them worthless.
all foreign trading with Germany
sis, will cease the Ebert govern
ment may face crisis as will ne
cessitate new action by the Allied
powers Prior to the war. German
marks in New York were third in i'm
-ortance in foreign exchange tran
sactions, the British pound sterling
and the French franc being first and
second, respectively.
Amounts Fixed For Payment
Since Germany agreed to the Ali
ed preparations terms last May the
following dates and amounts fixed
June III, 600, ooo, 900 gold marks
to the Reparations Commission.
July delivery of. the commits
sion of bonds for 12,00O,0OO,OO0 gold
marks.
July 15-Ffrst quarterly payment
of annual sum of 2,O0O,00O,000 gold
marks.
August 15-First quarterly pay
ment of the rs percent of the value
of German exports.
October 15-Second quarterly pay
ment of annual sum of 2,000,000N00
gold marks.
November delivery to the Re
parations Commission of bonds for
$4,000, 600, 900 gold marks; also bonds
without coupons attached for $4,000
100000 gold marks.
November 15-Second quarterly
payment of the 26 percent of the val
ue of German exports.
The Guarantees Commission
The GUARANTEES Commission now in
Berlin is composed of nj. Mauclere.
of France, its chairman; and M.
Bemelm.ans, vice chairman. Other
members are Sir Hugh G.. Levick,
Great Britain Signor Dameglio,
Italy; M. Sekiba, Japan; M. Tiourtch
Jugosiayia; and Roland W.. Boydon,
is unofficial representative from
United States.
The duties of the commission are
described under eight heads as fol-
lows:
Frst-To insure enforcement OF
Articles 241 and 24S OF the Treaty of
Versailles.
.Second-To supervise the collec-
ton of German customs, export taxes
and other revenues for the payment
Of reparations.
"Third-To see that Germany sup
plies funds for the interest on re-
para ton bonds.
"Fourth-To watch German legisla