Norwich bulletin., 1922-05-29
Germany Cheered
By Prospect Of Loan
Prospects, Of Loan Has Re-
conciled the Coalition Par
They Will Now Sup
port the Cabinet.

Berlin. May 2S t(By the A. P.)-The
immediate prospect OF an international
loan appears to have accelerated Ger
many's acceptance of the terms laid
down by the reparations commission for
May 81 Although the nature, the vol
ume and the conditions under which
foreign financial relief for Germany is
likely to be Forthcoming remain unan-
nounced, or are purely conjectural, it IS
evident Chancellor Wirths cabinet was
decisively Influenced by the prospects OF
such a loan, and on the strength of this
succeeded in reconciling the coalition
parties to yield support to the cabinet
Not since its many conflicts with tho
allies and the reparations commission
began has the Wirth cabinet succeeded
SO well in keeping it's customary elev-
enth hour decisions from the knowledge
of even the reichstag leaders and the
press.
1t was almost midnight Saturday
when the foreign relations committee
adjourned after discussing with Dr..
Wirth, DIR. Hermes, finance minister !;
Walter r. Rathenau, minister of foreign
affairs, and Robert Schmidt. minister of
economies, the nature of the present ar
rangement with the reparations COM
mission, although the chancellor early
himself of sufficient parliamentary back
| ing to warrant the cabinet in agreeing
Oh the final draft of the note
| The newspapers give only desultory
consideration to the prospective work
| ing out of the reforms dictated by the
reparations commission. the bulk Of
their comment being devoted to discus
sion of loan and its immediate bear
ing on Germany's economic situation
The coalition organs exhibit only modcr-
late enthusiasm, while the opposition
press leans to the belief that the gov
ernment has gone considerably farthe:
in yielding TO the Paris demands thar
the agreement between Hermes and ths
reparations commission would indicate
During the debate by the foreign re
lations committee following DIR. Wirthi
expose of the present stage of the rep
aratiens> negotiations and the cabinet!
conclusions concerning them. Minister
of Finance Hermes declared the temper
ary improvement in the value of IN
mark was not identical with the idea 0
stabilization. A catastrophal condition
of Unemployment, the minister said
would Immediately follow any precipi
tate betterment of German exchange
which he declared must be accomplishe
gradually. 1t was his belief that thi
Shou4d occur at faVorable or physolo2
ical n1omentNif the nation was to b
. spared severe economic convulsion.
. The fOfeign relations committee de
l. voted four hours Sunday morning t
further discussing the governments rer
arations problems. and in consequence
of the deiiberatfons%it-.i zbelieved-t
plenary debate on the issue will be cor
Isiderably curtailed In order to fore
stall any attempts at opposition, d.
: Wirth Will inform the reichstag that tn
, negotiations with the reparations CON
: | mission have not yet been definitely cor
cluded. Notwithstanding the fact tina
, the cabinets decision is being forward
: Led to Paris, and that any parliame1
: tary int rference, or heckling of tn
$ government, would be inimical to til
$ present stage of the Paris discussion
E with respect to an International loan.