New Britain herald., 1922-07-08
European FinanCiers Fear Fall Of Mark Means Financial De-
 StruCtion of TeutoniC Govt.
BERLIN EXPERIENCING
 ACUTE MONEY, Y, cunnn' ' }. 7. ~ "
ronreeticut s { July W.T. fleut., ne Hartford, Com. pr.tish h:,' Finance Expert Blsmes France For Chaotic Conditions-U. S. State Dept. Believed Advised of Serious ness of Situation.

ness of Situation.
 London, July 8 (By Associated Press)-American embassy officials said today that while no formal rep- Iresentations had been made by the British government looking to partici- patton of the United States in allied efforts to rehabilitate Germany, the subject had been discussed from some time in diplomatic and other circles and the hope expressed that the Washington government might be in- duced to lend its support to the pro- |ject.
 Allies Can Help Little.
 It is generally pointed out in finan- cial circles and elsewhere in Europe that in the present state of Europe's financial depletion little can be done by the allies to restore Germany's shattered economic structure without the assistance of the United States.
 In numerous informal meetings Am bassador Harvey has had recently with Premier Lloyd George and other ot- ficials the financial plight of Germany and Austria has formed the subject of earnest conversations and it is be- lieved the American ambassador has laid the British viewpoint before the state department.
 Finances Are Very Low.
 Collapse of the German mark Is accompanied by reports that German will be unable to meet her July rep arations payment due a week from to- day. The plight of the European ex- changes in general calls for some gloomy comments.
 The tinancier, Sir George Paish, who belongs to that section of publicists here who condemn Frances attitude on the reparations question, has an article in the Westminster Gazette declaring that the entente allies, par ticularly France, deliberately chose a policy intended to prevent the recov- cry of Germany and that the very success of their policy is proving their own undoing. Sir George asserts that the situation is rapidly moving toward complete destruction of the value of the German currency.
 France Hardest Hit.
 Probably no country will suffer more than France in this disaster" he adds, ''as it means that Germany probably will be unable to pay any separations whatever. Financial de- struction of Germany means the flnan- cial destruction of France and the mproverishment for Europe for an indefinite period.
 ind ha fate should France become bankrupt because she demanded more than was possible to obtain XXX
 Isn't it time the entente policy to- ward Germany was reversed and ef- 'ective steps taken to preserve the European nations from the conse- luences of the disastrous policy hith- ,rto pursued ?"
 Money is in Bank.
 Berlin. July 8 (By Associated Press) | The 5o,ooo,o 900 gold marks required | o meet the July installment of Ger nany's separations payments were | gathered in the Reichsbank before he mark entered upon it's present leadlong plunge.
 Official quarters admit that they prefer not to contemplate at this date ust what will happen in case Ger many is forced to so into open market | or the purpose of obtaining gold equivalent to it's next payment
 Parliamentary circles are deeply en- ,rossed with the prevailing political and appeared indifferent to he fate of the mark.
 Finances At Low Ebb.
 The Reichsbank has confined its tterances to communique to the fleet that the printers strike has the money presses to a stand till and that as a result the banks eady stock of finished currency Is 'holly depleted.
 It hopes to tide over the shortage y issuing an emergency 500 mark ote.
 The shortage of big bills is already wing trouble to tourists whom the {. anks and hotels load down with bales , 20 and 50 mark notes