The New York herald., 1922-05-29
OF LOAN
GERMANY'S SINCENTIVE
Coalition Parties in Reichstag
Yielded on Reparations
in That Hope.
WIRTH HAS THE VOTES
Press Calls Act Humiliatinc
and Sees Germany on
Downward Path.
WIRTH HAS THE VOTES

BERLIN. May % ASSOCIATED Press).
The immediate prospect of an inter-
national loan appears to have acceler-
ated Germany's acceptance of the
terms laid down by the Preparations
Commission for May 81. Although the
nature, the volume and the conditions
under which foreign financial relief for
Germany is likely to be forthcoming
remain unannounced or are purely
conjectural. 1t is evident Chancellor
Wirth's Cabinet was decisively in
,fluenced by the prospects of such a
loan, and on the strength of this sue
ceeded in reconciling the coalition par
ties to yield support to the Cabinet.
Not since it's many conflicts with the
Allies and the Reparations Commits
sion began has the Wirth Cabinet sue
ceeded so well in keeping it's custom
airy eleventh hour decisions from the
knowledge of even the Reichstag
leaders and the German press
The Td0ebldtt says the note to be
handed to the Reparations Commission
tomorrow by Germany will indicate
acceptance of the commissions de-
mands on the express condition that
acceptance shall be followed by an
international loan on tolerable condi-
tions.
The Pan-German press sharply at
tacks the Governments reparations
policy. but says II would appear that
there will be an adequate majority in
it's favor In the Reichstag.
1t was almost midnight Saturday
" hen the Foreign Relations Committee
adjourned after discussing with Or.
Wirth. DR.. Hermes, Finance Minister :
Walter Rathenau. Minister of Foreign
Affairs. and Robert Schmidt. Minister
of Economics. the nature of the present
arrangement with the Reparations Com
mission. although the Chancellor early
lin the day had succeeded In assuring
himself of sufficient parliamentary back
ing to warrant the Cabinet In agreeing
on the final draft of the note.
The newspapers give only desultory
consideration to the prospective working
out of the reforms dictated by the Repa-
rations Commission. the bulk of their
comment being devoted to discussion of
loan and its Immediate bearing on
Germany's economic situation. The
Coalition organs exhibit only moderate
enthusiasm. while the Opposition press
leans TO the belief that the Government
has gone considerably further in yield
ing to the Paris demands than the
agreement between Hermes and the
Reparations Commission would indicate
SHINES Organ Dfssatisaed.
Hugo stinness Augcmeinc zoituno TX
presses the fear that the Government
has promised more than II admits In an
EFFORT to clinch loan. IL suspects a
definite promise to the Allies OF fresh
taxation and financial control
"A nation possessing n corps Of ef-
ficient civil service officials and expert
enced economic organizers. as does Ger
many. does not need to make such
humiliating concessions" says the
Afloemeinc Zeitun0.
The newspaper fails to discover any
lasting benefits TO Germany In a tenn
porary respite gained at the price Of
surrendering the nations economic inde-
pendence.
ANY postponemcnt Of definite re-
vision OF the whole repara tions prob
lem" the newspaper continues, will he
futile, because the transitory improve
nent In the value Of the mark would at
best yield the United States and Eng
land elbow room and breathing spell
TO enable them to emerge from the pres
ent suffocated state Of their economies
end dispose OF their increasing surplus
OF unmarketable wares Once this Ia
accomplished they no longer would have
Continued on Page Two.