Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-06-03
GERMANY s TERMS
ACCEPTED BY ALLIES

AOA A1ldll ACP1J ~ ANS S-AAN
definitely decided to grant Germany
a provisional moratorium for the
year 1922.
The text of the commissions let
ter to Chancellor Wirth and also its
decision were issued about midnight
Rfter the commission had framed
them at a session lasting many
hours.
ss~sTha decision was unanimous, the
French delegate joining in it, despite
the report of opposition from sec
zion of the chamber which caused
aeep concern in commission circles
J during the day.
The action taken by the German
: government to put it's finances on a
sound basis and eliminate as much
las opssible the wholesale printing
of paper money constitutes serious
effort to meet the commissions re-
quirements," the decision says. Re-
gret is expressed, however, that
germany did not begin at an earlier
date steps in this direction.
wss In it's letter to Chancellor Wirth
- the commission states that in view OF
= an important decision on the ques~
ton of postponement of payments
the commission felt justified in TAX
ing prompt action notwithstanding
the fact that on several points Ger
many's answer requires further con-
Eideration.
- The commission informs the Ger
man chancellor that these matters
VIII he dealt with in annthof
munlcation in the near future, but
1t is indicated that these matters
are of minor Importance and will
rave no effect on the present deci.
sion.
France Disappointed
- France has been bitterly disap-
pointed at the present breakdown
of the reparations payments, both
in cash and in kind, and needs real
money badly.
eaa The success CT recent foreign state
and municipal loans in the London
and New York markets indicates
that there is now plenty of free
capital and as business and financial
interests everywhere are tired Of the
Preparations crisis and realize that
something effective must be done if
world prosperity is to be secured, it
Us understood that the bankers are
willing to do everything in their DOW
er to facilitate the success of the
separations loan.
Close secrecy still surrounds the
bankers deliberations and nothing
definite is known by outsiders Of the
Interesting project said to have
been brought to Paris by J. P. Nor
gan. The probabilities are, however,
that the conditions under which the
lof find ~.
are about as follows:
Sterilization Of the German mark
by stopping German imitation and
insisting the balancing of the Ger
man budget.
A moratorium for Germany CORE
spending to the size of the loan
pending the establishment of a new
scale of payments a few years hence.
,ss.s--s9tiXing the size of the loan at
1ngure Germany can pay without re-
i-sortirg to fresh imitation.
Priority in the payment Of the
loan over future reparations pay
@ment and a corresponding modifica-
gtlen OF the treaty of Versailles.
GerInany's Part
: assurances that so long as Ger
many meets the conditions Of the
Loans and proves reasonable in fu-
~ture reparations payments there will,
&De no outside military or political in
%ferference with German productivity
= accordance to Germany of a fair
nshare Of the proceeds of the loan so
Z that productivity shall not be limited
unnecessarily by lack OF law stuffs
Guarantees based first on the re-
atrrns from the German customs, rail-
ways, mines and forests and CORE.
ssponding modification of the treaty
H@f1f94 Versailles. and connr71 he
ssible underwriting of the bonds by
France and Britain.
Present indications, as the writer
has said, are that France is ready
ito listen to some such proposals.
Its moral influence has already
been felt both in allaying the ten
sion of May 81 in France and in
rpefsuading Germany to accept the
PREPARATIONS commissions last terms
..When its final report is made, how
ever. it's influence is bound to be
very great, perhaps decisive, on
opinion not only in France and Ger
many, but in Britain and the United
States. Everybody hopes that the
markers will find loan practicable
AGarmany has exhausted her stocks
! and cannot replenish. them with her
deprecated marks and needs foreign
credit.
MEETING OF BANKERS
,t is CLOSELY GUARDED
I 49, By Paul Scott Mowrer
Especial Cable 20 The Atlanta Journal and
Chicago Daily News-Copyright, 1927
PARIS, June 1.-The meeting of
sbankers to advise the reparations
commission regarding the terms on
(which an international German loan
<could be floated has elected many
Sindications that French opinion is
now evolving Definitely toward tho