The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-06-26
GERMAN TRADE PACT
HAS ALREADY SERVED
PURPOSE, SAY REDS
BY CHARLES M. MccANN


UNITED Press Staff Correspondent
LONDON, June 26 Omitted Press
-Russia's trade agreement with Ger
many, the sensation of the Genoa con-
ference, has already served it's pur-
pose, according to Soviet officials
here.
From our standpoint, the purpose
of the agreement was purely psyche
logical" it was stated to the United
Press. I'VE do not expect to derive
much material benefit from 1t.
I'VE saw what effect the agreement
would have. 1t warned the Allies that
it might be a mistake to ignore two
powerful companions in misery.
."As to the lasting benefits to Rus
STA from the agreement, it is hard to
find them There are no military
clauses. AS to the trade clauses. Ger
many is under the thumbs of the AL
| lies. She must do what they want;
and they do not want her to obtain
! the main benefit from the resumption
of trade with Russia
! POLAND also is a barrier It Is easy
/ to say Germany and Russia are neigh
! bors; it is easy also from an examina-
ton of the map to see the sort of bar
rier that that Allies erected between
them in Poland nation that lives
solely by her French inspired hatred
of her neighbors.
1--WE think, too, that it will be found
the agreement itself does not imply
very much It's main feature is the
mutual remuneration of reparations
for war damages. 1t would have been
a spectacle to see the Allies trying to
force Germany and Russia to pay
each other reparations, as from their
horror at the conclusion of the agree
ment one would have thought they in
tended to do
eermany's Restoration
GAS to restoring Germany's pre-war
trade in Russia, we do not want to re-
store it entirely. The 1904 trade agree
/ ment was fine for Germany, but di5
advantageous to US, Germany had
virtual monopolies in certain markets.
In future we hope to manufacture for
: ourselves many of the things that Ger
many sent to US"
: From both Berlin and Moscow sour.
ces, however, reports continue to coIV Q
of the establishment of companies
which will take German capital into
Russia
The Moscow wireless announces
that Professor Krut, a Soviet electri-
cal expert, has returned from Berlin.
He reported TO the State Economic
! Planning Commission that he attend
" ed meetings of the leading German
electrical manufacturers. They con-
sidered it important to establish
Russian electro-technical offices 70
organize the repair and supply of cleo
trical stations and public utility ser
: vices, he said They further proposed
/ to organize the production Of machiG-
g cry and appliances.
i Electrical Industry
oil Following the report the State
: Electrical Section decided to determ-
! inc in what branches the participa
2 ton of German electrical industry and
: capital would be desirable. The sec
. ton suggested transferring the nego
t tiations with German electrical firm
2 to MOSCOW.
}, From Berlin it is announced that 4
5 Russo-German company has beer
: floated, with headquarters at Moscow
: and a capital of thirty million marks
. to exploit Russia industrial resources
2 Shareholders on the German side. it is
j declared, include the SHINES, krupp
: and Electrical Trust interests, while
: the Soviet government holds the Rus
sian shares.
Officials in London believe that the
treaty will be of real value to boil
y countries. They believe that at leas'
: German capital will penetrate Russia
/ and that German industrialists viii
u get a running start in helping to re
/ build Russian industry.