Albuquerque morning journal., 1922-12-27
CUNO WILL MAKE
Ne VI PROPOSALS
ON PREPARATIONS
German Chancellor Has
Canvassed the Situation;
Nations Productive En-
ergy Has Been Modified

Berlin, Dec. 20. (by the Associat-
cd Press) Chancellor Cuno, who
had been spending the Christmas
holidays with his family and friends
in Hamburg, returned to the cap.
ital today and at once resumed
discussion OF the reparatlons pro-
gram with the few ministers who
were spending Christmas in Berlin.
Although the government has
not yet been officially advised from
Paris that the entente premlers will
be prepared to receive fresh or am
plified proposals, the chancellor is
determined to be equipped with
ammunition OF this sort and he
purposes answering any summons
/ with amplfications OF his previous
propositions and also with care
fully formulated offer for the def
mite fixing of the reparations total,
based upon his present survey of
Germany's economic and financial
capacity.
The chancellor, together with
Finance Minister Hermes aud
Johannes Becker, minister of
economics, has been occupied dur
ing the past ten days with intimate
conversations with industrialists,
bankers, shipping leaders and rep
resentatives OF importing and ex-
porting industries, and also has
| kept the reichstag leaders and the
officials of the general federation
| of labor unions informed OF the
nature and progress of these con-
sultatons.
The chancellor also has called In
| the leaders of the nationalist par
ties, among them DR.. Karl Helf-
| ferlch, Count Won Westarp and
| Professor Otto HoetsZch, and the
government for the time being may
be said to have parliamentary
| backing, even TO the inclusion of
the united socialists, in its deter
minatlon to effect an ultimate ad-
| justment of the whole range of
reparations problems
Whether the fiXatiou which the
government proposes to indicate in
it's Forthcoming proposition will bo
announced beforehand is uncer-
tain as yet, as are other cardinal
features of the impending offers.
The international situation mas
been thoroughly CanVassed during
the progress of the current discus
sions and the chancellor believes
he has succeeded in mohllEing ev-
cry ounce of the nations produc-
tive energy in response to his ap-
peal for cooperation.
The bulk Of opinion, us reflected
in informal talks with officials and
participants in the conferences
appears to be emphatically in ia
vor of the final fixation OF Ger
many's reparations obligations
Until this is done the government,
| il is declared. will not be in a po-
sitiou to attack such urgent prob.
lens as the stabilizatlon Of the
mark, currency contraction and Sc
curing an equilibrium in the bud
get.
This reiteration Of the govern
ment's attitude has brought out de-
clarations Of undivided support
from all the party organs, which
are urging the chancellor TO make
1t the pivotal point in his program.
There is some doubt, neverthe-
less, whether the present Inter
national situation is conducive 20
a final settlement. This is largely
prompted by the indefinite results
being obtained at the Lausanne
conference and the effects Of this
situation upon the relations re-
tween London and Paris with re-
spect to the continental interests
OF France and Great Britain. The
American attitude toward the tIn-
pending European decisions also is
an enigma to German political cir
cles, as the news from Washington
and New York continues TO be oh.
scred by frequent contradictions.
Meanwhile Germany Is fast
rounding out her year of trillions'
her combined floating and fur J.
ed debt having already passed the
thirteenth digit mark. while the
amount OF currency circulation al
so will have advanced to that fig
ure by the end OF the year A con-
servative estimate of her 1928 bud
get shows this also reaching a point
above the trillion,