New-York tribune., 1922-07-09
sp,esai caol. - IT, Tribune

Ntret1f 'aytT " 80 f'f""
copyrlght. 1922. New York Tribune Inc.
PARIS, July S.-Tho continued de-
scent OF the marks value and the news
that German financial experts were on
their way to Paris to ask for moraso-
rum on cash payments are arous;ng
alarm In French official circles, where
the opinion was held that the Berlin
situation was not critical unless this
moratorium demand was made. Ru-
mors that Germany intended 70 default
on the payment OF 5e,0Oo,O0o gold
marks, due on yuly 10, and would de-
msnd complete suspension Of gold pay
ments in 1923 and 1924. with a promise
70 try to aoat an external loan 70 meet
the 1922 payment, have alarmed hnan-
cial Paris, where there Il no atemP,
10 hide the fact that France Is worried
over her own budget situation, when 10
based on gold payments from repaFa'
tions.
Temps" Advises Goodness
The semi Official Temps counsels
and recalls that France expects moth
inc in the way Of gold payments "a
1922 on account Of Belgian priority
Assuming the same basis Of payment
in 1929. France would receive about
ll0, 5000 after the remainder OF Bel
gian priority was satisfied, assum. %
that nothing Is paid the United States
for her Rhine troops. But n Germany
demands the long-term moratorium the
TEMPS agrees with government cir
c,es that the situation becomes really
serious, as the Reparation Commission
Is empowered by q majority vote 20
grant Germany complete moratorium
up 70 1880, regardless OF France
financial condition. After 1880 the
vote on a moratorium 10 Germany must
be unanimous.
"The Treaty Of Versailles dealing
with reparations refuses 20 France TIE
advantages OF isolation and solidarity
while exposing her TO risks Of banA-
ruptcy and slavery" says the "Tcmps"
What action France would take IN
the event O. German bankruptcy was
not even hnted in official circles 20.
day, although tho obvious move would
be the occupation Of the Ruhr and tho
seizure Of the German customs.
Inc tUhIHItT VI btV1NAan Nt"ANI
moved toward adjournment until Oct0-
Der without ratification Of the Wies-
baden agreement, which Is designed %
give France almost billion gold marks
In the value Of goods from Germany In
the year 1922. As n cannot be ratified
before autumn AZ the earliest. France
In the mean time cannot profit fron
the payments. The great indnstria.s
OF France consistently fought parlia.
msntary acceptance OK the agreement
because OF the fear OF flooding French
markets with German goods and the
loss Of a market 20 them, particularly
In the devastated regions.
New Projects Suggested
The mysterious position Of the gov
eminent In not urging ratification BY
tho Chamber may be partly explained
by n desire not 10 aiienateNhe big IN
dust-ials and a plan 10 entirely sup
plant Loucheur's famous pact with tbs
late DR.. Rsthenau at Wiesbadea BY a
more practical proposal along lines az
ready announced in the plan 20 have
Germany supply about l5.OOo,0Oo ,ooD
paper francs worth Of materials and
labor 10 build up French ports. rail-
ways and canals, together with eleetr'
fiestion and the construction OF various
tunnels within q few years.
While this work would not entirely
replace that Of the Wiesbaden agree
mcnt, other projects Of similar ma
ture might follow which would not ~.
terfere with French industry and at
the same time build UP the country.
LONDON, July s (By The Assoeistei
Press)-Americen Embassy ofiieials
said to-day that while no formal repre-
ssntations had been made by the Brit
ish government loo.;ing 20 the partiei..
patton OF the United States In Allied
efforts 10 rehabllitate Germany, ths
subject hss been discussed for sc:ne
time in diplomatic and other circles
and the hope expressed that the wash.
ington government might be induced
20 lend It's support 20 the project.
Harvey Takes a Hand
Il is generally pointed out In hnan-
eiai Quarters here and elsewhere In
Europe that In the present state OF
Europe's financial depletion little can
be done by the Allies 70 restore Ger
many's shattered economic structure
without the assistance Of the United
States. In numerous informal meetint .
Ambassador Harvey has had recently