The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1922-12-27
Berlin People
Discuss Commission
Reparations Settlement B.
American Business Men
Pleases Germans

Berlin, Dec. 21 (By the Associat-
ed Press The new reparatlons
plans with which Chancellor Cuno
and his immediate advisers are en-
gagged will not be based. it is an
nounced, on any assumption OF
early active financial intervention
by the tinted States. The chan
cellor. the minister of finance. Herr
Hermes, and the minister Of eco
Monies, Herr Becker, have been
holding a series of conferences with
Industrial financial and CONNER
cial leaders and the representa-
tives of organized labor during the
past week, and while the nature OF
these discussions have not been dis
closed it is generally assumed the
governments revised program for
presentation to the premiers at the
Paris conference viii boldly suggest
that a permanent solution of the
reparations problem should be ar
rived at and that a fixed definite
sum should be named as indicat-
ing Germany's final Indebtedness.
IN their determination to achieve
definite and final adjustment OF
sGernany,s reparations debts, Chan
.cellor Cuno and his ministers are
encouraged by the attitude OF IN
EdustriaI and financial leaders who
IN a measure have made this a
condition of their collab boration and
by the sentiment Of other cues
tiers IN favor of such procedure.
They intend. if possible to get away
from the 4ad justment and re
spite stage. :,
Refore this is accomplished no
Icoordinated system OF financial re-
form or internal remedial meas
ures can be carried out, in the
opinion of the ministers.
| I'VE as nation can not see day
light ahead until some definite goal
{ is set for u.s.. slid one member OF
the. cabinet. and he added that
limited moratoriums and the
| breathing spaces granted to Ger
many have invariably had disas-
Itrous effects on her currency and
her efforts 10 adjust her budgets.
Just how far the reparaiions
proposals which Chancellor Cuno
is drafting viii consider outside
financial relief in return for the
new German officers is not indi-
Gated nor is any hint forthcoming
of the nature of the guarantees or
securities which Germany proposes
to pledge. The chancellor, how
!; ever, is reported as being more ops
timistic regarding the outlook for
Ia substantial Internal gold loan be-
cause OF the encouragement ex-
tended to him by the indnstrial-
lists and financial circles to push
Germany's capacity FOR payments
to the limit Of her ability. He will
look for concessions and exemp-
tons from certain reparations
conditions which have been the
subject Of repeated official pro-
tests.
Meanwhile the nations internal
economic situation may be said to
have become worse not only with
regard to the governments inabil-
ity to curtail expenditures, balance
budgets and check the floating debt
but also with respect to its cur
rency imitation. The output for
the first half of December exceeds
| 216,O00,000.000 marks, and as the
closing weeks of the year invari-
ably show the heaviest drains on
the reichbank. it is estimated at
the end Of the year will be far in
excess OF 100000. 100000 marks,
On account of the complete col-
lapse Of the holiday trade the sit
tuation in retail business is highly
{: unfavorab