The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1921-04-27

Berlin, April 26-The German peo-
pie now know the new proposals
which the German government sub
mits to the allied powers through the
medium of the United States The
terms of the proposals were made
public today, as we'll as the accom-
panying assurances forwarded to
President Harding.
Germany, declaring that the peace
and welfare of the world ARE de-
pendent upon a speedy and just So
luton of the reparations question,
assures the president that. it will
do everything in it's power to en-
able the American government to
direct the attention Of the allied
governments to the matter. AS pre-
viously outlined, Germany proposes
to pay the allies an indemnity ex-
tending over number of years
which will amount to 100000, ,00J, 900
gold marks, equivalent to $50,
100000, she will cooperate to her
utmost in the reconstruction of de-
vastated regions; she will place ini-
mediately at the disposal Of the rep
arations commission 1,000,000,000
gold marks; she is willing to assume
the allied objections to the United
States, and she will issue an inter-
national loan, the proceeds Of which
will 60 to the allies.
The German foreign minister, Dr..
Simons, explaining the counter pro-
posals in the reichstag, declared the
new offer sent through the United
States must not be taken "on the
basis Of an increase over the pre-
vious German offer, but only on a
different basis" -.s (;
Not From Fear. o.
The new step had been taken by
Germany, the minister explained not
from fear of new penalties, but ow-
ing entirely to the false views ell
tertained abroad regarding the rep
arations question. President Hard
ing was appealed to on the princl-
ple of justice, and the American an-
swer was awaited at any moment.
The text of the note forwarded by
Germany to the United States for
transmission to the allies concludes
with the following points:
II. Germany fixes her total liabiA-
ity at 2OO,OO0,O00,O0O gold marks
payable in suitable annuities.
"2. Germany will Immediately
issue an international loan in which
she will participate and Of which the
value, rate Of interest and scale of
redemption shall be subject to agree
ment, the proceeds Of the loan to be
put at the disposal of the allies.
"3. Germany will pay, accord
ing to her capacity, in labor, interest
and redemption, the total sum to be
paid which is not covered by the in
ternational loan; she considers in
:his connection that it will be posi-,
BILE to pay only 4 per cent. annual in
terest.
"a. Germany is disposed to pre-
NIT the allies to share in an i'm
provement of financial and economic
situation. The redemption Of the re-
manning sums will have to take
therefore, variable form, depending
upon an improvement; It would be
necessary to draw up scheme to be
based on an index to be used should
the situation become worse.
"5. In order to clear herself as
quickly as possible Of the balance,
Germany is willing to cooperate with
all her strength in the reconstruction
of the devastated regions; she re-
CARDS reconstruction as the most ur-
gent basis of reparation and the most
direct remedy for mitigating the hard
ships of the war and the hatred be-
tween peoples. She will reconstruct
;owns, villages and townships desig-
mated, or cooperate by supplying la
Dor and material or in any other way
agreeable to the allies.
6. With the same object in view
to states which were victims of the