The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-04-10
DAWES PLAN
SCRAPS PACT
of WORLD WAR
Tells Germany TO Pay But He
Doesn't Tell How

FANlS, April 0.-0cneta4
Charles C. "Hell and Maria"
Dawes today delivered to the
Preparations Commission the
report of the committee of ex-
perts of which he is chairman.
The report virtually recon-
mends rewriting the financial
provisions of the Treaty of
Versailles.
1t is plan for obtaining
PREPARATIONS from Germany,
while balancing her budget
and stabilizing her currency.
This is the splan of Wall
Street to rebuild a capitalist
Europe out of the chaos result
ing from the world war.
1t is the plan of j. Pierpont
Morgan and his fellow inter
national bankers, fighting for
the present social system, to
. save Europe and the world from
the growing power of the
workers and farmers.
McKenna Submits Report.
At the same time there was submit
ted the report of second experts
committee, headed by Reginald Nc
Kenna, dealing with German wealth
abroad and means for its return.
The Dawes report proposed:
Gre fi0Yas of haul &c o,a,icst0v,
to issue paper money for Germany
and handle the reparations account.
1.-The taking over of German rail
ways by a company which will run
them for the benefit of both Germany
and her creditors.
"a foreign loan of S00,000,000
gold marks to stabilize Germany's
currency and take care of her i'm
mediate treaty obligations.
4.-Obtaining reparations payments
from sale of railway and industrial
bonds and from revenue from mono
poles on Injuries.
! 5.-A sliding scale of Preparations
payments, starting at one billion gold
marks the first year and increasing
as Germany prospers.
6.-France and Belgium mast re-
lease their economic hold on the Ruhr,
but may retain their armies of occu-
patton.
Revises Versailles Treaty.
The report, hailed as the most
momentous document since the Yer
sailles treaty, which it would in a
measure revise, differs from that pact
in this: General Dawes and his col
leagues, who included Owen d.
Young, based their entire findings on
the hypothesis "that the fiscal and
economic unity of the reich will be
restored;" Germany is not told what
she must pay and left to find the
money; the experts, thru limited con-
troll and supervision, would have the
Allies share which the late enemy
interest and responsibility in the
business of making every German
bear a fair share of a fair burden.
Re-establishment of confidence in
Germany, on the part of her own
people as well as the rest Of the
world, is held to be vital to success
Of the plan.
Plan Is Complicated.
General Dawes committee has pro-
posed to create this confidence by
making it to Germany's interest to
pay her debts. To this end the
broadcast, most complicated scheme
ever devised for rehabilitation of a
nation and extracting payments is
outlined.
Involving intricate mechanism Of
parallel and interlocking boards Of
directors-the whole supervised by a
Preparations dictator"-to safeguard
the rights Of tho allies who are asked
TO relinquish their economic grip on
the Ruhr, the plan is presented as a
unit. II concludes. almost bluntly,
that it must be accepted in its entire
~, or not at all.
Explain Committees Attitude.
The Dawes report opened with an
explanation Of the attitude of the
committee.
1--WE have approached our task
ms business men, anxious TO obtain
effective results. We have been
concerned with technical, not polit-
cal. aspects Of the problems pre-
scented TO u.s. the report began.
"The dominating feature of the
German budget is Germany's obliga-
ton to the allies under the treaty
Continued on page p