New-York tribune., 1922-08-27
tcontiaued from paps ono,

{Contaued from papa ons)
form of mines in the Ruhr and state
forests in the Rhine provinces. From
the French point of view the mission
returned without such guarantees. Ger
many's last proposal which the dele
gates brought back to-day was in effect
to transfer from the state to private in
dustry the whole responsibility for sup
plying wood and coal and to establish
heavy penalties for the industrialists in
the event of default.
When Poincare first heard this sug-
gestion he considered it joke.
Calls Scheme" Foolish
"The Allies" said the Premier, must
have responsible government before
them, and it would be foolish to pro-
vide punishments for companies Of
mine owners and hold their government
not responsible. The Treaty of YER
sailles was not signed by SHINES and
Krupp, but by the German Republic,
and it would be dangerous encourage
ment of the worst form Of anarchy to
discharge that government of its obll-
80
ders of private citizens.
.tIf the Reich admits that private IN
dustrialists could be relied on for q
correct execution of the treaty, then
! it is an admission that the German
government itself has failed in its
| task and is responsible for not enforc-
| ing the laws which would have per-
! mitted it to fulfill the treaty. On the
other hand, if the Reich supposes that
these industrialists wont pay, then it
| is real treachery."
The French government, therefore
| concludes that the moratorium must be
refused. In such an event there would
be delay of one or two weeks before
a decision was reached on whether OF
not Germany was in default. If this
default should be officially declared
there will be no break among the Al
lies, since, under the treaty. every
Allied government has the right to
exact guarantees and execute sanctions
with complete freedom of initiative.
The French government believes that
Sir john Bradbury has received in.
structiens from London making unani-
nifty in the Reparation Commission
impossible.
Temps Sees Mission Failure
"The Temps" tonight echoes the
opinion of the government saying:
With empty hands, Sir John Brad
bury and M. Mauclere returned to
Paris to-day after their uproftable
mission to Berlin. 1t is evident that
the Reparation~ Commission cannot
grant moratorium. Germany's finan-
cial and political policy necessarily is
leading toward a catastrophe, but
France will not allow herself to be
drawn down into that catastrophe
That is why, lacking payments, guar
antics are necessary.
"If the Reich were wise she would
pay future installmants until con-
ference where il would be possible to
discuss the French plan of lowering
/ German reparations and cancelng The
inter-Allied debts, according to the
plan drawn up by the council Of min.
listers before the Balfour note and the
London meeting. The Reichsbank has
gold and the big industrialists have
foreign bills. If the German govern
ment has not the courage to do itt
duty as the French government di,
after the Frankfort Treaty it will b.
necessary to take, as soon as possible
the guarantees indicated by Poincare.'
According to reliable information
the Reparation Commission will no
reach a decision on the moratorium
before Monday or Tuesday Poincare
therefore, departed tonight for two
day visit at his country home