Perth Amboy evening news. [volume] (Perth Amboy, N.J.) 1903-1959, 1922-11-15
W|RTH CABINET
HAS RESIGNED
Socialists Force Wirth Cabi-
net to Quit; BaIk at Coalition
Berlin Says
VICTIM OF INACTIVITY
Stormy Political Occurrences
on Day of Downfall in Bers
lin Reported

BERLIN, Nov. 15.-(By The AS
sociated Press)-The German cabi-
net headed by Chancellor Wirth has
fallen. The ministerial resignation
filed last night were precipitated by
the decision of the united socialists
not to participate in coalition min
istry which included members of the
German peoples party.
But the friends OF Chancellor
Wirth were not oblivious of the feel
ing that he outlived his usefulness
and now has become a victim OF a
policy of indecision and inactivity
which found its elimination in the
governments failure to make prac-
teal arrangement with the allied
reparations commission during the
course of its recent visit to Berlin.
Ever since the assassination of
Foreign Minister Rathnau. the Chan
cellor has been described as man
who apparently possessed no snspir-
alton, no initiative. This attitude
gave added weight to the assertion
that the late foreign minister vas
Wirth's inspiration and the force
which urged him on.
As Germany cannot await a final
settlement on reparations she pro-
poses a, provisional one, but even to
achieve this foreign assistance must
be forthcoming. The Reichsbank is
declared to be in readiness to place
50O,0O0,000 gold marks at the dis
posal Of the Government for the
purpose of sterilization.
The project. it is set forth. De
pends upon the following condi-
tions:
F,rst-Germany must be freed for
three or four years from all pay
n;an:s in cash, except deliveries In
kind for the devastated areas that
co not entail any increase in her
floating debt.
Second-Germany considers she
should receive minimum of 5OO,-
100000 gold marks from foreign
banks.
The money to be advanced by the
Reichsbank and by the forelgA
hanks will be administered by an
board. When the pro-
gress OF stabilizatlon is sufficiently
advanced the German government
will issue a. internal gold loan.
Halt the proceeds Of the internal
loan ard tt.e full foreign loans WIZ
be utilized to cover payments IN
cash and kind and the other hait
applied 10 the requirements OF Ger
manys own ufrei
Germany, moreover, states that
she will abolish all dispensible de-
partments, reduce the number of Of
ficials, avoid unproductive expendl-
ture, restrict legislation entaillng ad-
ditional expenditure, reorganize gov
ernment enterprises on productive
basis. take all requisite measures to
increase production while retaining
the eight-hour day and restrict i'm
portation and consumption of lux
uries and alcohol.
In order to execute the foregolng
plans Germany proposes:
First-Final settlement upon the
amount of Germany's obligations at
the earliest possible moment, so that
these obligations, together with the
liquidation of the loans, can be met
from the budget surplus.
Second-Freedom from payments
In cash or in kind under the Ver-
sailles treaty, with the reservations
previously mentioned.
Third-Convocatio of a confer
ence of international financiers with
regard to the bank credit to be ac-
corded to Germany, and
Fourth-Adoption of the sugges-
tions of the German government re-
garding equal economic rights for
Germany.