The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-03-29

situation. The PREPARATIONS decision. ac-
companied by letter which the Chan
cellor said was couched In a needlessly
severe tone. not only had aroused ma
tional indignation. but incidentally had
added $4,000, 900. 600 marks to the Ger
man budget in consequence of the un-
precedented slump in the mark which
set in automatically with the notes ar
rival.
Liberal applause greeted his declara-
politely decline the suggestion OF finan-
cial and economic guardianship.
This" declared the Chancellor, "is
incompatible with the dignity of the RAJ
tion and Is opposed to the spirit of
democracy, which we founded at the
Entente's behest. Such an invasion OF
a sovereign State is also in violation OF
the principle of self determination. We
already have had our fill of unsatisfac-
tory experience with control commissions
OF all sorts and must summarily reject
the proposal that the repara tons COM
mission be given a still wider latitude
tlfan already has been conceded 1t in
tWucCtlcH Win It's suPN4faSoi' NN
items"
Denies wastcfuIness.
Denying that the German Governm Ant
was wasteful in the conduct of its
administrative organism. the speaker
pointed out that two Entente Generals
are receiving more pay that President
Ebert and the entire Cabinet. He esu-
mated that two-thirds OF the budget as
now computed was reserved for the En-
tente's demands, leaving one-third for
the nations international needs.
With regard to the question of an In
ternational loan, which afforded the only
way OF extricating Germany and the
world from confusion, Dr. Wirth hoped
the Government soon would be able to
start active negotiations. but he feared
the barriers reared by world capital"
insthe Versailles treaty would effectively
initiate against Germanys ability TO
obtain financial relief abroad under tel
cradle conditions. A mora torium, he
said. would have definitely stabilized
German exchange.
eve are badly in need or a breathing
SMELL" he continued, in order to CO.
ordinate our affairs and put the hnan-
cial and economic measures ADOPTED into
active practice"
THE only comfort afforded the Repara-
tians Commission by the Chancellors
statement was conveyed in the promise
that Germany would proceed to inaug-
urate the most stringent economy In all
Governmental departments. She would
endeavor to extract the maximum rev
enue from the various tax sources to be
op ned through the laws about to be put
into execution.
The Government he said, would also
,l,i he ice ionfg recommended
tiens TO a further scrutiny in an en-
deavor TO arrive at a mutual working
basis. The internal taxation compro-
mise which had been reached by the
good will Of the opposing parties in the
Reichstag. DR.. Wirth said, would form
an integral part of Germany's foreign
policy. which, however. would become
involved and disturbed by the Repara-
tions Commissions demands. Germany's
direct taxation, he declared was devel-
oping on scale unparalleled in the
world.
He stated that the cost of the occu-
pying armies and the control commits
sions. which would exercise control
where there was nothing to control, was
an exceedingly heavy burden on Ger
many and any extension of the control
system would render iiiusory all idea OF
economic reconstruction and the dis
charge of Germany's foreign obligations.
The Chancellor was in agreement, In
principle. with the reservations regard
ing the export OF capital, but pointed out
this could only become effective with
international cooperation.
Resumption of'tne publication OF Ger
man statistic as required by the Repa-
rations Commission. and the restoration
OF full independence to the Reichsbank.
would, in the opinion OF DR.. Wirth.
cause no difficulties.