New-York tribune., 1922-03-27
Menace to i. S.
Interests Seen
InAllied TERMS
Harding Fears Ultimatum
May Force Germany Into
a Receivership and Inn
peril Prosperity Here
Export Trade Now Vital
Representation ON Repara-
ton Commission Held
Needed: Congress "a Snag
Bv aster Field

WASHINGTON, March 90 Fear
.,.. the Allies will force what amounts
"a recevership for Germany and that
american interests will be adversely
,seeted for years to come. IS strong in
,,s Administration as the result of the
.,,aitions set forth by the Reparation
roruission in Offering Germany a
moratorium.
President Harding is intensely de-
,;-ous that this country should have Z
,oiee in determining the next move
u,b regard to German reparations.
/ There has been serious concern in the
Administration ever since the drastic
,enus offered in connection with the
,,r,oratorium were cabled to this coun-
.r As was stated in The Tribune's
Washington DISPATCHES, neitn,r the
President nor the State Department
I'D the slightest intir1ation in advance
:, TO the nature of these terms. The
,rsss reports came as bolt out of the
tiue. and !: vas a very high Admins
ration Official who calculated: This
.iooss like s rece.versh4p FIR Germany"
Situation Held Vital to u. S.
President Harding mas come more
.rd nole in the asst few weeks o the
rorviction that the situation in Europe,
yand primarily in Germany Russia be-
no considered outside tnc question be
rs,,se Of the apparent imposslOinty ior
me time being CT doina; anything--ls
the big controlling factor so far as
prosperity in this country is con-
scerned.
prominent manufacture who is
felose student of Europe can affairs and
who has been in constant consultation
with the President and Secretary
Hughes IN the last few weeks, pointed
on. in this connection that the United
States had changed rapidly from
farming to a manufacturing countr.
AT the present time,' he said,
"26 per cent OF our people are
engaged in agricultural production.
thirty -one per cent are engaged in
manufacturing production. Il the value
81 the products is considered, the diff
ference is even more striking. The
value of the agricultural products of
The country is 000000,000 a year,
While the lalue Of the manufacturing
products s $1,000, 100000 81 year.
Dependence on Exports
I'VE need a steady flow Of exports
amounting TO about $4,000 100000 a
year to keep all our people employed.
II the present tendency toward greater
manufacturing emp pioyment is con-
.anued, it will not be long before we
'unsume right in this country practi-
ally all our agricultural products, and
sepend for the support of 81 considera-
ible percentage of our people on ex-
ports of manufactured products"
In view of tie fact that the Repara
ton Commission already has q firm
hold on Germany's exports and i'm
ports, and especially in view of some of
the threats for increased control OF
Germany's internal financial and bust
ness affairs in the event that the pay
ments of gold marks are not continued
to the satisfaction Of the commission,
the Administration has little hope that
Americas interests with regard to the
dtuation will be considered for a mo-
nent unless this country has fully
,ualified member acting on the com
aission.
Fight in Congress Predicted
At the same time the President has
een advised that, especially since The
cur power treaty was ratified on Fri
lay, conditions in Congress are such
hat legislation proposing American
membership on the Rcparation Com
mission would produce very bitter and
,robably long -drawn-out fight.
This spells two kinds of trouble for
he Administration First, it is highly
desirable, in the nature Of things, for
This country to have member on the
Reparation Commission appointed and
qualified without delay. II is felt that