The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1923-01-13
Holds America, With Key
to Peace, Must Sit at
ReparatiOns Table
BY DAVID LLOYD GEORGE
(Former British Premier)

BY DAVID LLOYD GEORGE
(Former British Premier)
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u ONDA Spain Via London Jan 13-The third conference
~ with NJ Poncare eparaons has ended like its two
predecessors, in complete breakdown.
The first held in August the second December and
last week witnessed the third fasco.
I congratulate Bonar Law my premier,
having the face double failure rather than to
of policy which would the end prove disappointing
and probably disastrous.
Agreement amongst the allies itself desirable objective
for but commit their respective
countries to fooshness is than disagreement.
France and Britain must not quarrel they cannot
agree but French ministers persist the Poncare policy the
companonshp of France and Britain this question will be
that Of parallel lines which they
fict.
WHAT IS THE OBJECT OF THIS HEADsTRONG
POIICY3 THERE IS NO FINANCIER OF REPUTE IN ANY
QUARTER OF THE GLOBE WHO AGREES THAT THESE
METHODS WILL BRING THE ALLIES ANY CONTRIBU-
TIONS TOWARD THEIR IMPOVERISHED RESOURCES.
At the August conference all experts in
this subject But whilst these methods will produce
they will produce unmistakabe crash Ny recoecons of
the August discussions enable follow with
standing the rather confused reports which far
here.
Germany Can Not Pay Installments'
is ground amongst all the allies that Germany
under present conditions pay her nstalments
ground that she be pressed put her finances
and by balancing budget efficiency
her currency her obligations Poincare
sisted that condition of granting the moratorium pledged
inside German territory should be seized by the allies
These pledges consisted of customs already established and
of be up the Rhine around the
Ruhr that goods should be permitted pass from
German provinces into the Germany the pay
of heavy dues The other gauges Of
German forests of German mines and 60 per of the
shares in certain German factories.
Bonar Judging by his official communque
breakdown of the conference raised the
objections regarding these pledges that put forward
August conference They would bring nothing comparable
the cost of collections they would provoke much disturb
and irritation and might lead consequences very
grave character
In fact these pledges nothing paper and provo
cation
Customs Barrier Was Complete Failure
Customs barrier the Rhine once before and
complete failure tried then sanction
not of raising money. For the former purpose
may have achieved of but from the point
of view of collecting money fasco There
at the present hundreds of millions of paper
marks collected these toll houses still up in the
safe of the Reparaon Commission They admittedly
less AS long these tolls lasted they vexatous, they
nterfered with business; they dealt lightly lux.
uries working their into Germany but laid heavy hand
all useful commodities necessary industry life
the people They ultimately withdrawn by NJ
Poncare now seeks to revive them.
Seizure of German forests and mines will inevitably to
serious The allied control established
the far interior Germany would require protection Pro-
lection military occupation in shape other.
Military occupation of Incidents and
incidents quickly rpen into serious complications
Hence the reluctance of the British government which
the head in this dangerous policy Hence the
ussl of Bonar Laws accept responsibility
sanctoning such policy. Even logically it is ndefenbe
TRERE ARE ONLY TWO ALTERNATIVE POINTS OF
VIEW. ONE IS THAT GERMANY CANNOT PAY UNDER
PRESENT CONDITIONS UNTIL HER FINANCES ARE RE-
STORED, AND THAT MORATORIUM OUGHT TO BE
GRANTED FOR A PERIOD WHICH WILL ENABLE THAT
FINANCIAL RESTORATION TO MATURE
Y.CA
THAT SHE IS ONLY SHAMMTNG INSOLVENCY, AND
THAT ALL YOU HAVE TO DO is TO FIRMLY APPLY THE
THUMBSCREW AND CASH WILL BE FORTHCOMING
Logically understand either Of these two alterna
tves But fail to comprehend the for proposal that
will grant moratorium the ground that Germany
and at the time apply the thumbsrew until pays