New-York tribune., 1922-11-11
SHINES Accused
OF Plotting to
Depress Mark
Socialist ssVorwaeris'' Says
He and Other Industrial
Leaders Are Guilty of
REASONABLE Conspiracy
Political Breach Results
Party of Left Will Not Join
Peoples i'm a Coalition:
Wirth Ministry Menaccd
BY Joseph Shaplen
Bg wtrsIcss g TAe Trtsase

Copyright. is25. New York Tribune Inc.
BERLIN, Nov, 10.--That Hugo
SHINES. regarded as the leading figure
in the industrial life Of Germany. and
those associated with him In the con-
troll Of Teutonic financial life, arc
deliberately sabotaging the stabilize
ton of the mark is the charge made
by the Socialist organ, "Vorwaerts" to-
Gay. The newspaper asserts that by
their actions SHINES and the other
industrialists are guilty Of treason.
The "Vorwaerts" bases it's charges
on the speech delivered by Herr
SHINES before the National Economic
Council yesterday and the statements
he is alleged to have MADE before the
Reparation Commission and the inter
national experts. Recalling also the
stand taken by the National Associa-
tion of German Industries against the
stabiiization of the mark at this time
on the ground Of losses to German ex-
port trade, the "Vorwaerts" accuses
Herr SHINES of taking similar posi-
ton.
eIt is quite clear therefore Why in
ternational experts are compelled TO
conclude that German industry is
much more to be feared than the
French government" says the
"Yorwaerts."
SHINES Blasts Hope If Unity
Shines address before the National
Economic Council, the newspaper as.
serts, ends all hope OF the reconstruc-
lion of the government with the par
ticipation of the Peoples party and
the Socialists.
This declaration ia all the more
serious because the bourgeois parties
entering the present coalition are de-
termined at all costs to obtain the en-
trance of the Peoples party into the
Cabinet. Former Chancellor Mueller,
ehe Socialist leader, repeated the
fore the foreign affairs committee of
the Reichstag to-day in the presence
of Herr SHINES, who is leading
member of the committee, but SHINES
declined to reply. His organ, the
"Deutsehe Allgemeine zeitung," as we'll
as other newspapers Of the Peoples
party however, emphatically deny the
charges made by the "Vorwaerts." !"
They assert that Herr SHINES and
other leading industrialists merely op-
posed the stabilization of the mark
at this time, because if undertaken
without carefully preparing the
ground, the rise would have as
catastrophe influences on German in
dustry as the uninterrupted fall.
Industrial Plot Charged
The 'Vorwaerts," however, in it's aft
ernoon issue to-day, sticks to it's guns,
saying that big German industry is en-
gagged in conspiracy to keep the mark
down and aiming TO destroy the eight
hour day and other labor legislation in
order to enhance its profits.
The entire political situation is rap
idly moving toward crisis that may
result in the resignation of Chancellor
Wirth in the course of the next two
weeks, if not earlier. While the bour-
geois parties are eager to obtain the
entrance of the Peoples party into the
Cabinet, the newspapers Of that organ
ization are engaged in violent assaults
on Chancellor Wirth for his handling
Of the ieparation problem, indicating
that the Peoples party will never enter
a Cabinet headed by Wirth. The So
cialists, on the other hand, are expected
to decline to participate in any govern
nent with SHINES or his representa-
tives. The Democrats and Centrists
will therefore be compelled to choose
between the Socialists and SHINES, with
the probability favoring the industrial
leader.
A Cabinet without the Socialists can
be maintained only by the benevolent
neutrality of the extreme Nationalists,
which means a sharp swerve in the
government toward the right The con-
vocation of the Reiehstag next week
therefor marks the unleashing of po-
iitical storm with SHINES as the center
which may result in the dissolution OF
the Reichstag. Whatever the outcome
the days of the Wirth government ap-
pear to be numbered.