Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1921-09-25

Yof the whole wealth of the providing
ment share ownership in all gold val
ues' such as agriculture, pasture lands,
buildings. industrial works and all tan
gible property not deprecated by the
declining existing value of the mark.
and to turn over to the government q
part of the capital stock Of certain
companies so that the government
would not be dependent solely upon the
printing presses in making its repara-
this plan was completed the representa-
tives of threatened industries proposed
| the above loan method apparently with
| the approval of both commerce and az
riculture.
Both plans have the same aim-an
attempt to use the substance Of the
peoples property for reparations pur-
poses.
After this, the bitterest Frurchnan
could not doubt Germany's honest de-
sire to pay her debts. In short, pri-
vate wealth will lend its more solid re-
sources to a government whose only
credit is on paper. 1t soon win be
seen whether this plan is feasible,
whether the consortium can be found
among the. unemployment and trade
depression in the worlds richest coun-
try to grant so tremendous q loan.
Points Out Discrepancy.
Several times in these dispatches I
have pointed out the wide discrepancy
between the states increasingly i'm
poverished condition and at least the
apparent flourishing condition of pres
ent wealth. And have said that some
day an attempt would be made to sub
stitute the one for the other. II this
should succeed the peoples party which
represents industry and commerce
would come into power and the govern.
ment would be carried on By 4 coal-
ton OF capitalist enterprises and So
cialist trade unionism. The peoples
pal y. which represents huge wealth.
and is, therefore, formidable when in
opposition, has thus far been for q re-
turn to monarchy, but under this plan
would be one-for the nationalist Dar-
ty is an isolation.
1t Is clear to everybody that present
methods in Germany are economically
To pay the entente the first
gold billion. Germany was compelled to
further diminish her small gold reserve
and raise 30O,0OO,O0O marks on short
term notes at a high rate of interest.
Inc consequence was an unprecedented
drop in the value of the mark. This
drop automatically increased our in
oeoteaness, increased initiation prices
and foreshadowed dangerous develop
ments in the winter.
Problem Not Entirely 0ermany's.
What will happen to the worlds eco
nomic situation il excessive gold bill
IONS are to be squeezed from 4 coun-
try whose e, only money is deprecated
paper! This is a wild question which
hope personally to recommend to
americans for serious consideration
turing the first of October DAYS. hut
lust before my intended departure. Ill
ness and orders of the doctors forced
, postponement of my trip poat-
,onement which childish SANDERS hava
attributed to unfriendliness to the Car
nan and European cause.
. But TO resume. let me say that two
lgures should convince any rcasonable
person OF the impossibility Of the exc.
'utlon OF certain agreements Of the
reaty Of Versailles. For the support
Il allied troops occupying our terri
DRY, Germany has to pay 100 billion
marks. This is a. totally unproductive
Expense. The second is not less i'm
'ortant The best German workman
cts 100 marks daily or less than 81.
me wages Of the masses are much
over. This discrepancy between Ger
aany and foreign production cost.
auses dumping" which at this time
does more DAMAGE Chan
nat England was cursed with before
be war. LIZ
Is Loaded With Work.
Germany is loaded with work but
ow can she dispose Of her product il
he does not know what values viii he
ven week ahead and she may have
nports while receiving the same
mount less on exports? How can
,orld trade revise if Germany and all
I mlddle ana eastern Europe are un-
pie g buy American raw stuffs and
'ngnsh manufacturing while their own
roducts are offered everywhere far
heaper than American and England
m produce them? Just the other day
German firm undersold England steel
Ills By IL sterling pounds.
u there no Menetekele here? II
sader with hundred million to invest
,ould lend It 70 the German govern
ent. It would be still more wonderful
.fore It ip too late that this matter
lrsatens their very roots and can only
J solved with their help--and the 90.
ton can't wait longer.
The discussion az to whether the
eaty Of Versailles is just or unjusa
u always seemed to me TO be fruit
30. The question is whether its exc.
tion il compatible with the worlds
. - ~ ~.