The Holly chieftain., 1923-11-08
NEWS REVIEW OF
CURRENT EVENTS
Poincare Accepts the Hughes
Plan for Committee Of Ex-
perts. With Reservations.
GERMAN RoYALlsTs MOBILIZE.
By EDWARD W. plcKARp

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 committee Of experts Is likely to
be adopted. with some notifications.
Assured by Washington that the Uni.
ted States would participate In an ad-
viscry capacity, Great Britain asked
France whether she would agree to
the plan. and Premier PoIncare's re-
ply was prompt and as satisfactory
a. could well be expected. In a pub
lie speech. proclamation and notes
70 London, he accepted the proposals
in principle. but insisted the findings
OF the experts must be only advisory
in character and relating only to 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
Sn9 tNRdAdtAotSS NOtumtrcIOus III Ills
speech he also declared France would
NOT permit discussion Of reduction
In the reparations total fixed In May.
1921. at $4,000. 100000 gold marks
t$S3, ,0OO, 600, ,OOO). or suggestion for
an abandonment Of the guarantees.
With these restrictions. NJ. Poincare
consented to join In an invitation to
the United States to send r. ,resenta-
'tives to the conference OF e.. .rts. At
tirst the English were G.is appointed
and angry, but the govei anent de-
cided to accept the French reserva-
lions. There Is no reason to believe
any other of the nations concerned
will object to the plan.
The reparations commission. on mo-
tion Of Sir John Bradbury, English,
ruled that no one Of the nations had
the right to dictate as to the COM
petence or to define or limit the juris-
diction 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 SO far as they affect reparations.
Poincare's reservations are not held
BY the administration at Washington
to be bar to the execution of the
Hughes plan and our part In putting 1t
into operation is under way. The Eu-
ropeans would like to see an American
made chairman OF. the committee Of
experts, and would prefer ]. P. Nor
gan, Roland BOyden or Paul Cravath.
1t may be Mr.. Morgan would not serve.
and there Is talk of the selection of
Elihu Root. Washington has made it
plain to the allies that by participa-
ton In the conference we accept no
responsibility for the enforcing Of Its
findings.
Meanwhile, the German Industrial
magnates and General Degoutte have
been In conference trying to arrange
for resumption Of work In the Ruhr
and Of the payment of reparations in
kind. II the accord is signed 1t will
provide that the German government
shall pay the industrialists for deliv-
cries to France, beginning next spring.
At this writing the Germans have
yielded to almost all the French de-
1nands except restrictions of their
rights to free trade with unoccupied
Germany and the rest Of the world.
Krupp Won BOhlen was paroled from
prison to take part In the conferences.
On Thursday he signed the accord.
N ISPATCHES from Germany insist
- that Chancellor Stresemann's gov
ernment is "toftering on the brink"
The Socialists are still threatening to
quit him. and the monarchlsts are try
ing to bring about dictatorship for
the whole country with the ultimate
purpose. presumably. of restoring the
empire. This movement Is fostered
especially BY the Bavarians, and