Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-01-30
Reparation Group
Continued from Page One)

stressing the wish that the forthcom-
Ing Investigation be as comprehensive
and rigorous as possible. official quar-
tiers refrain from venturing any pre-
dicton as TO the ultimate results OF
the inspection about to be undertaken
by the two expert committees
Such German optimism as informally
asserts itselm seems largely prompted
by faith I'm the impartial procedure and
tho authoritative qualifications of the
personnel of these commissions as was
reflected in the preliminary discussions
In Paris. Interest apparently ccnters
In General Dawes. who already has be-
come Il picturesque figure in Germany
on the strength of his reputed plain
spokcnncss and the unconventional
manner in which he Is conducting the
deliberations.
In addition to DR.. Schacht. president
or the Reichbank. the committee VIII
immediately summon DR.. Luther. the
minister of finance; Dr. Hamm. the
minister of economies: and DIR. Oeser,
the minister of transportation.
While the reorganization of Ger
many's system of railways will con-
ttitute one of the main problems up
for discussion in connection with the
German budgetary reform. officials and
banking circles view the proposed or
sanitation of n gold bank as the more
paramount and urgent issue. assert
ing that the whole range of Germany =
financial and economic ills can be di-
fectly traced to the uncertain state OF
her currency. There is objection to
active foreign control in the projected
bank of emission. bosed on the sus-
nicion that such influence by foreign
capital might easily determine the new
IN
the detrment of. German finance. trade
and industry. Some of the more skep-
e teal critics of the plan warn against
founding new gold bank before def
mite adjustment OF POLITICAL issues, in
which they include not only the aues-
tlon of the reparation payments to he
ievied but also the problems involved
IN the Franco Belgian occupation OF
me Ruhr and the future maintenance
OF the entente's armies of occupation
IN the Rhineland.
Pending definite adjustment OF these
cardinal issues the present establish
ment of new bank of emission is
viewed as a premature venture in bank
ing and industrial circles which are
homtnally in favor of having Ger
many's currency speedily restored to a
stable gold basis.
oihcial quarters. on the other hand
nave viewed the bank project with n
measure of confidence but with obvious
reservations. also realizing taht per-
manent budgetary equilibrium can
only be attained with a currency which
VIII enable the nations excheQuer TO
reckon with federal revenue comput-
enle on a fixed gold standard.
W. Luther, the minister of finance,
Nlis be able to exhibit an attractive
'et OF federal balance sheets for the
r"perts' Information covering Decem-
,eF and January. during which months
vac government for the first time was
7 aeed in position to make a nations
e tax drive on the basis of gold
somputation. There is no information
forthcoming from the ministry. how
cver. as to, whether the present favor
anle showing can be continued inden-
sateiV. despite rigid curtailment OF the
sayroll and other expenses.
The government has appropriated
y Ioo'000,000 gold marks to meet part OF
me entente's charges for the Rhfne-
,sna occupation during January ana