New-York tribune., 1922-05-29
Berlin Yields:
Reply Goes to
Paris To-day
CONTINUED from page sns)

IlneS,
So far as the Majority Socialists are
CONCERNED they have no special love
Tor hermes. but they have hopes that
ne as Chancellor would be able to sc-
comphsh what under Wirth has been
mpossible-the formation Of a stronger
ana more complete coalition Cabinet
oy the inclusion Of representatives Of
the German Peoples party on terms
acceptable to the Socialists.
Economic Crisis Forecast
A stronger coalition government is
now felt to be necessary for both DO
iitlcal and economic reasons, for should
germany obtain relief from the Allies
IN the form of both a loan and a read
1ustment Of the war debt, German in
dustrialists foresee severe economic
crisis precipitated by the rising value
Of the mark. To cope with this ex-
pected crisis the industrialists want
more business men in the Cabinet. and
logical head of such reorganized
group.
BERLIN, May % (By The Associated
press).-The newspapers give only des-
uitory consideration to the prospective
working out Of the reforms dictated by
the Reparationt Commission the bulk Of
their comment being devoted to discus
sion of loan and its immediate bear
ing on Germanys economic situation.
nc coalition organs exhibit only mod
crate enthusiasm, while the opposition
press leans to the belief that the gov
ernment has gone considerably further
IN yielding to the Paris demands than
the agreement between Hermes and
the Reparation Commission would in
dicate.
Hugo Stinnes's "Allgemeine lei
turg" expresses the fear that the gov
eminent has promised more than,it ad-
mits in an effort to clinch loan. IL
suspects definite promise to tho Allies
OF fresh taxation and financial control.
Calls Concessions Humiliatinx
"A nation possessing corps of eff
cient civil service officials and expert
enced economic organizers, as does Ger
many. does not need to make such hu-
initiating concessions" says the "Allge-
meine Zeitung."
The newspaper fails to discover any
lasting benefits to Germany In a tenn
porary respite gained at the price of
surrendering the nations economic in
dependence.
The "Boersen zeitung" also takes an
ultra gloomy view of the situation. 1t
believes Germany Is irretrievably head
ing for economic perdition. 1t sees in
the prospective international loan a
disastrous enhancement of the nation 3
burden and expresses the belief that
the compulsory internal loan of a bill
ion gold marks, which the government
Is about to raise as a part Of its tax
alton program, Is a further menace, in
that it will result in a general scramble
for the unloading Of private posses
/ slcns IN order to escape what the news
| paper terms ODerOuS
We are on the downward path" says
the "Boersen Zeitung," "and even
French bayonets will eventually fail to
collect the taxes which are now being
prescribed"
Mark Must Rise Slowly d..
During the debate by the Foreign
/ Relations Committee following Dr.
Wirths expose of the present stage of
| the reparations negotiations and the
! Cabinets conclusions concerning them.
I Minister Of Finance Hermes declared
| the temporary improvement in the
value of the mark was not identical
with the idea Of stabilzation. A
catastrophal condition Of unemploy-
ment. the minister said would imme-
diately follow any precipitate better
ment of German exchange, which, he
declared must be accomplished gradu-
ally, by easy stages. 1t was his belief
that this should occur only at favor
able or psychological moment if the
nation was to be spared severe eco
! nomic convulsion.
The Foreign Relations Committee de-
voted four hours this morning to dis.
cussing further the governments repa-
ration problem, and in consequence of
the deliberations it is believed the
plenary debate on the issue will be con-
siderably curtaled In order to fore
stall any attempts at opposition, DIR.
Wirth will inform the Reichstag that
the negotiations with the Reparation
Commission have not yet been definite
ly concluded, notwithstanding the fact
that the Cabinets decision is being for
warded to Paris, and that any parlia-
mentary interference or heckling of
the government would be inimical to
the present stage of the Paris discus
sions with respect to an international
loan.
AS the government also will discuss
the RussoGerman treaty before the
Reichstag, it is proposed to have a vote
of confidence, if one should be de-
manded by DR.. Wirth, comprehend
Parliaments approval Of the Rapallo
pact, as we'll as the present note to the
Reparation Commission.
Child Crusader pickots