Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1923-06-09
YEARLY PAYMENTS,
BEGINNING IN 1927,
OFFERED ENTENTE
Continued from Page y

pacity to pay. 1t will, if it is wish
ed, throw open to inspection all its
financial records and furnish any de-
tails that may be desired concerning
the resources of German industry
and business.
THE German government has
made reference to the flotation of
big loans in order that large capital
sums might accrue at the earliest
possible moment to those powers to
which reparations is due. Should
loans on a great scale prove imprac-
ticable for a time, it is ready to sub
stitute scheme of annuities."
Railway As Guarantee
Since the allied governments have
attached Importance to Germany's
furnishing forthwith precise indica-
tons as to the kind and mode of
guarantees which she is in a posi-
ton to offer, the German govern
ment proposes the following as part
of a definitive reparations settle
ment:
"(O The railway system of the
Reich with all it's appurtenanceS will
be detached from the other state
property and held as a separate
fund; the accounts of which would
be independent of the general finan-
cial administration and under it's
own control; and obligations will be
issued up to the amount Of 10000
100000 gold marks, with a direct
first charge on the assets of this ad-
ministration and carrying interest at
5 per cent, as from July 1, 1927, thus
securing an annual payment of $780,
100000 gold marks.
'(b) To secure further annual pay
ment of 5OO,O00,O0O gold marks as
from July 1, 1927. the German gov
eminent will at once subject the en-.
tire business industry, banking, trade
traffic and agriculture of the coun-
try to a guarantee in the form of
first mortgage of 10000, 100000 gold
marks on the real estate, whether
buildings, dwellings, lands or forests
The annual dues of 500,O0O000 gold
marks will be levied either indirect.
ly in the form of a general tax on
all classes of property or on the
specific objects of the mortgage.
Conference Is Urged
"(c) In addition the German gov
.ernment will pledge as security the
customs on imports of consumable
articles other than necessaries. the
excise on tobacco, beer, wine and
sugar, and the receipts of the spirits
monopoly. On the average of the
years preceding the war. these Gus.
toms and eXise receipts reached about
800 100000 marks. Their yield in
gold marks now has fallen to one
quarter on account Of the loss of
territory and population and reduced
consumption. With the recovery of
the economic activity of Germany it
will automatically increase.
In conclusion the German govern
ment feels that it must lay empha-
sis on the following: In the matter
so vast and complicated, real prog
ress can not be made by the ex-
change of written documents, but
can only be achieved by word OF
mouth at the conference table.
"Germany's capacity to pay de-
ponds on the character of the settle
ment as a whole. A method of pay,
ment can only be arranged in direct
consultation with those who are to
receive payment. The guarantees
can only be worked out in detail with
the collaboration of those whom they
are intended to serve
For the solution of all these ques-
lions, oral discussion is essential.
Germany acknowledges her liability
to make reparation. The German
government repeats it's request that
q conference be summoned to decide
how it may best discharge it,"
KILLED, 100 INJURED
IN RIOTING AT LEIPSIC
BERLIN, June 7.-By the Asso
ciated Press -Seven persons were
killed and more than 100 wounded
in yesterdays disorders at .Leipsic,
it is announced in special dis
patches from that city today. The
dead includes one policeman, the
head Waterman, while there are fiji
teen policemen among the wounded,
81 of whom are in a serious Condi-
ton.
The demonstration was in protest
against the Ruhr occupation and the
insufficiency of the unemployment
doles. Some 10000 persons, it isl
said, took part. Order had been re-
stored at 8 o'clock last evening.
The demonstrators gathered under
the auspices Of the trades unionists
town. The affair was the climax
open air meetings during the two
days previous.
Towards the close of this gather
ing, it is stated, crowds of the |
youthful, unruly elements. suspect |
ed OF including some communists, !
began stirring up provocative agita-
ton in the neighboring streets
against the police and the trade |
union leaders, who were preserving |
order.
The police declare that when they
tried to suppress this counter demon
stration shot was fired from the
court and the police then resorted |
to the use of blackjacks. This
brought a shower of stones and bits
of glass from the disturbers who,
in turn. began using blackjacks and
knives.
After vainly trying to disperse
the crowd by shooting into the air
the police shot directly at the riot |
ers.