The Monmouth inquirer. [volume] (Freehold, N.J.) 1865-1933, 1923-04-05
ACCEPT TERMS
ON Rhine BILL
European Allies Agree to Pay
America $240, 900, 900 Sum
in IL Yearly InstaIImentS.
ANNUAL SUMS OF S20,000,O0o
Hope for Loan by American Finan-
ciers to Aid--Percentag of Ger
man Indemnity to Be Turned
Over to U. S. Government.

I
Paris.-What may be regarded as
the final touch to the promissory note
for $3.50, 900 900, the cost Of the Ameri-
can army until recently maintained on
the Rhine, was applied when repre-
sentatives of France, England, Italy
! and Belgium notified Eliot w. Wads-
worth, Assistant Secretary of the
| Treasury, that they would accept
Washington's payment proposals.
| With no hitch in view, the terms
now stand as follows:
Deduction from the total bill of the
value of the German army supplies
/ appropriated by the American occupa-
ton 'forces-an amount, roughly, Of
$1O,OOO,OOO;
The Allies to stand sponsor for the
balance, approximately s24O,0O0,000,
/ due the United States, payment to be
made in twelve yearly installments of
approximately $2O,0OO,000 each:
During the first four years the Unit
ed States to receive Is per cent of all
German cash payments, but no great
er sums than the~total amount Of four
installments-tha is, $4,000 900;
After four years the installment
payments to America to take full pre-
cedence over all other charges against
German PREPARATION payments, the
United States to receive the whole of
such payments in case they should
not total more than $4,000, 900 for any
year
Washington's supplementary pro-
posals accepted by the Allies were for
interest to be paid on any deferred
payments and that, in the event Ger
many floats large loan, the annuities
to America will be proportionately
greater than those now agreed upon.
All now remaining to be done is to
fix the amount of this large proper
ton and the drawing UP of a general
agreement. Mr. Wadsworth will meet
with his Allied colleagues again for
these purposes.
The Allied delegates expressed
ton reached, and did not hide their
hope that acquiescence in the Ameri-
can proposal for an increased pay
ment to the United States in case of
a larger German loan would give
American bankers a greater incentive
to interest themselves in the granting
Of such loan to Germany for the pur-
pose of making reparation payments.
For the first time these delegates
insisted the United States now Is di-
rectly interested financially in the
question of solution of the German
reparation problem.
SHINES Asked U. s. Bankers Aid.
Rome.-Notwithsta official de-
malls. it is now admitted that Hugo
SHINES conferred with the heads of
the American delegation to the Inter
national Chamber of Commerce re-
garding possible aid in the solution
of the Franco-German situation. The
Americans declared that the only
means of approaching the desired so
luton lay through Germany's sub
cription to the principles outlined in
|. the reparations resolution voted by
the Chamber of Commerce congress,
which the French and Belgian dele
cations had accepted after receiving
their governments authorization
The basis for this understanding
must be the fixation of reparations
total acceptable to both sides, with an
agreement concerning mode of pay
ment. The Americans suggested it
might be possible to obtain longer
term for settlement than thirty years,
but the Germans prefer paying off the
debt within one generation.
Another stipulation in the interven-
ton Of American capitalists is mu-
tual pledge against the violation of
frontiers. SHINES was requested to
present these principles to his gov
eminent, obtaining it's ratification,
which is the sine qua non of further
negotiations. According to SHINES,
Germany should be allowed a stand.
ing army equal to Frances, of about
500, 900 men.