Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1923-06-09
NOTE Of DISMISSAL
FAVORED BY PARIS
IF REPLY IS SENT.
BeIgians Would Pave Way
for Further ParIey-Con-
ference Proposal Wins
| Support in Great Britain

PARIS, June Shy the Associ.
ated Press).-Paris and Brussels are
keeping in constant communication
today, discussing the advisability OF
making reply to the new German
Preparations note or ignroing it en-
tirely as not susceptible of forming
a basis for negotiation. In the event
a decision is reached that a reply
be made, the French government is
reported to favor a curt dismissal
of Germanys latest proposition. Bel
GUM, on the contrary, is said to
be DESTROYS of wording the achieve
ment in such manner as might leave
the way open Tor a further parley.
The French foreign office main.
tains an absolute official silence on
the subject, but the Indications APP
pear to be that = reply will be made
and that Germany will be requested
to announce, once and for all,
whether she intends its continue or
abandon her passive resistance in
the RuLr.
The Belgian cabinet storngly
favors a common inter-allied reply
but it seems certain that a joint
answer will be possible only if Lon
don agrees to leave no doubt in the
mind of the Berlin government an
to the absolute necessity of dis
continuing the Ruhr resistance.
Upon this point Belgium and France
ace solidly agreed.
There has been no direct COM
munication between London ana
Paris on the subject, the British
viewpoint being transmitted to the
Quai Dorsey through Brussels.
The expectation here is that
Great Britain will agree that Ger.
many must admit defeat in the Ruhr
and that a joint note will be elab-
grated and dispatched to Berlin to.
morrow.
Premier Poincare, upon reading
the note, is reported to have called
it ridiculous" and the newspapers,
with the exception of the extremist
organs, take the same attitude.
NEW OFFER SUBMITTED
TO ENTENTE POWERS
! BERLIN, June Thy the Asso.
ciated Press.)-Germany's amenda-
tory reparations note, which was
handed to the entente and United
States governments this afternoon,
proposes a system of annuities es-
timated to total 1,200, 100000 marlSR
annually if an international loan is
not available for immediate capital
payments.
| The annuities would become eff
fective in 1927 and their number and
| amount would depend wholly on the
degree of Germany's economic re-
covery. The memorandum declares
an inevitable requisite to practical
solution of the repatriation problem
| is the early convocation of a general
conference to which Germany would
be admitted or an equal basis.
The memorandum reafflrmS Ger.
many's good will and readiness to
meet her reparations obligations and
asserts the conviction that the en-
tire problem should be submitted to
an impartial inquiry, the verdict of
which, it declares, would be accepted
by the German government
The document is brief and wholly
devoted to elucidation of the moot
points on which the creditor nations
| had requested simplifying state
ments.
1t makes no mention Of the polit-
cal situation, the Ruhr occupation
or the question of abandoning the
passive resistance and INDUCES In
no determinations. Neither does it
refer to the conditions under which
| Germany is preparing to carry out
| the payment Of the annuities.
Rail System as Guarantee
| AS a guarantee for the annuities,
the German government pledges the
! federal railway system, which would
be capitalized at 100000 100000 marks,
yielding an annual bonded interest
| Of 500, 000, 600 marks.
| A further ten billion marks would
| be guaranteed by gold per cent
mortgage, security for which would
! be furnished in physical holdings OF
| industry, agriculture, and shipping
and the gold obligations assumed by
| banking and commercial interests
and private real estate. This levy,
] it is estimated, would also yield $780,
| 900, 900 gold marks. The additional
! 200,0OD.0 900 of the annuities total
would be raised by increased customs
duties on articles of luxury and the
creation OF a government monopoly
in tobacco and spirits.
The text of the note says;
after full ana careful considers
| ton, Germany has stated her sincere
belief as to her capacity to make
payment for reparations. The Ger
man government would not be acting
fairly and it would not bring the real
| solution any nearer if, for the sake
of temporary alienation of its po-
| litical difficulties it were to promise
more than in it's judgment the Ger
man people can, with the utmost eff
! fort, perform.
Willing to Pay to Limit
Nevertheless, the question of Ger
manys capacity is one of fact on
which different opinions can be held,
and the German government admits
the difficulty Of arriving at any Sc
cure estimate in the present condi-
tions. For this reason it has already
offered to accept the decision of an
! impartial international body as to.
the amount and method of payment
Germany can give no stronger proof
than this OF her determination to
discharge reparations.
1.-THE German government is also
ready to supply all available infor-