Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-07-13
GERMANY To GET
YEAR MORATORIUM

PARIS, July 11.-(By the Asso
ciated Press.)-A moratorium on Ger
many's cash payments for the re
mainder of this year was thought in
circles close to the reparations com
mission to be quite probable as a re
suit Of a conference this forenoon
between DIR. Fischer, chairman OF
the German war debts commission
and all the members of the commits
sion in a hurriedly-cal informal
session.
Roland w. Boyden, the United
States representative with the com
mission, took part in he conference.
DR.. Fischer told the commission
the Germans would present formal
request for a moratorium at a meet
ing called by the committee for to.
morrow. This request, it was indi'
Gated in commission circles, will
likely be acted upon by the commits
sion without waiting to refer the
matter to the various governments.
The letter asking for the mora
forum which DR.. Fischer and Herr
Schroeder, under-secretary for fl
nance, who is with the war debt
commissioner in Paris, were drafting
today, is expected to suggest the
cancellation of all the remaining
payments this year, leaving the mat
ter of moratorium thereafter open
for the time being. Under this ar
rangement the question of the fur
Their moratorium would be decided
later, upon fuller considerat ion and
in view Of what may happen in Ger.
mnay in the next few weeks.
1t is understood that the majority
of the commission sees no other way
out Of the present crisis and is,
therefore, prepared to vote a tenn.
porary moratorium, particularly be-
cause there is general realization
that no loan to Germany is imme-
diately possible and that relief for
present conditions must come
quickly.
DR.. Fischer told the commission
that Germany had succeeded in get
ting together sufficient foreign ex-
change to meet the payment of So
100000 gold marks due July IS, but
whether this payment will be exact
ed has not yet been decided.
The exact form Of the possible
moratorium would be evolved during
this afternoon, it was thought, as
both DR.. Fischer and Herr Schroe.
der again will have separate CONVEX.
sations with the members of the
commission during the day in the
effort to put their request into a
shape that will meet with the com.
missions approval.
POINCARE AND GEORGE
WILL HOLD CONFERENCE
LONDON, July 11.-By the Asso.
ciated Press. )-Great Britain and
France are in close communication
concerning Germany's financial posi-.
ton and the reparations question
and President Poincare is said to
plan coming to London shortly for
a conference with Prime Minister
Lloyd George. The date of his ar.
rival, however, will not be fixed un.
til the report of the allied commits.
sion on guarantees now sitting in
Berlin is received and considered
The report is expected this week.
The internal financial situation
came before the British cabinet at
meeting today, especially in it's re-
lation to the collapse of the Ger.
man mark. Among the data avail.
able to the minister were special
dispatches from the British ambas-
saGor in Berlin outlining conditions
in Germany.
The Times today began publication
of a series of special articles discuss
ing "the economic morass in which
the world is laundering" and aim
ing to the point the road to recov-
cry. The writer says the latest col
lapse of the mark merely adds an
alarming symptom to the other
symptoms long noticeable.