The Arvada enterprise., 1923-11-08
NEWS review OF
CURRENT EVENTS
Poincare Accepts the Hughes
Plan for Committee Of Ex.
perts, With Reservations.
GERMAN RoYAL|STS MOBILIZE
BY EDWARD W. PIckARp

COLUTION Of the German repar-
~ ations problem. which In large
measure 10 the economic and financial
problem Of all Europe. Is now within
The bounds Of possibility II not prob
ability. Secretary Hughes suggestion
Of q committee OF experts Is likely to
bs adopted. with some notifications.
Assured by Washington that the Uni.
ted States would participate In an ad.
visory capacity. Great Britain asked
France whether she would agree to
the plan. and Premier Poincare's re-
ply was prompt aud as satisfactory
- could well be expected. In q pub
Nc speech. q proclamation and notes
to London. he accepted the proposals
In principle. but insisted the findings
Of the experts must be only advisory
In character and relating only 20 the
present capacity Of Germany to pay.
and should not be necessarily binding
ON either the reparations commission
or the governments concerned. The
selection Of the experts. except the
American, he said. should be made by
the reparations commission. In his
speech he also declared France would
not permit a discussion OF q reduction
in the repsrations total 6xed In May.
1921. at l32,OOO.OOO.OOO gold marks
($3S.OOO, ,OOO,00O). or suggestion for
an abandonment Of the guarantees.
With these restrictions, ". Poincare
Consented to Join In un Invitation to
tbe United States 10 send representa-,
tives to the conference OF experts. At
nrst the English were disappointed
and angry. but the government de-
cjdsd to accept the French reserva.
tons. There 10 no reason to believe
lhy other Of the nations Concerned
Will object to the plan.
TIE rsparAtions commission. on mo.
tion OF Sir John Bradbury. English,
ruled that NO one Of the nations had
the right 10 dictate ~ to the com.
pstence q TO define or limit the juris.
dietiOn Of the commission In dealing
with the problem OF the German In.
demnity. This might permit the over
riding Of the French restrictions. and
even the discussion OF the interallied
debts 30 far ~ they AFFECT reparatlona
POIncare'a reservations are not held
By the administration at Washington
to be Q bar to the execution Of ths
Hughes plan and our part in putting II
into operation Is under way. The Eu
ropeans would like to see an American
made chairman OF the committee Of
experts. and would prefer J. 7. Nor
gan, Roland Boyden or Paul Cruynth
1t may bs Mr.. Morgan would not serve
and there Is talk OF the selection o.
Elihu Root Washington has made II
plain to the allies that by participa
tion In the conference we uccep, n,
responsibility for the enforcing OF II,
findings.
Meanwhile. the German industrial
magnntcs md General Dcgoutte hay,
been In conference trying to arrnng,
for resumption ~ work In the Rub,
and OF the payment OF reparntlons In
kind. II the accord Is signed II viii
provide thnt the German government
shall pny the industr,alists for dcllv
eriss to France. beginning next spring
At this writing the Germans hay,
yielded TO almost NIL the French de
mands except restrictions of thclI
rights TO free trade with unoccupiet
Germany and the rest Of the world
Krupp Won Bohlen WAS parolei from
prison 10 take part In the conferences
On Thursday he signed the accord.
DIsPATCilEs from Germany insis
- that Chancellor Stresemann'a gov
srnment II ''tottering on the brink.
The Socialists are still threatening 4
quit him. and the monnrchists are try
ing 20 bring about q dictatorship fo
the whole country with shs ultimate
purpose. presumably. Of restoring tn
empire. This movement IL fossere,
especially By the Bavartans. an,