The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-04-09
MOST IMPORTANT CHAPTERS OF DAWES PREPARATION REPOR
Dawes Letter That
Explains Report

full estimates of the amounts re-
ceivable are justified. Without
such restoration, such payments as
may be obtained will be of little
value in meeting the urgent needs
of creditor nations.
ITO ensure the permanence Of
the new economic peace between
the allied governments and Ger
many, which involves the economic
adjustments presented by the plan,
there are provided the counterparts
OF those usual economic precau-
tions against decentralization which
are recognized as essential in all
business relations involving express
obligations.
'The existence of safeguards in
no way hampers or embarrasses the
case of ordinary business con.
tracts. The thorough effectiveness
of these safeguards should not en-.
barrass Sthe normal economic func.
tioning of Germany and is Of fun
damental importance to Germany
and her creditors.
Declares Plan Fair.
"Great care has been taken in
fixing the conditions of the super.
ganization so as to impose q mini
mum Of interference consistent
with proper protection. The plan
submitted is fair and reasonable
in it's nature, and il accepted, Is
likely to lead to ultimate and last.
ing peace. The rejection of these
proposals by the German govern.
ment means the deliberate choice
continuance @P n
moraIization, eventually involving
her people in hopeless misery.
In the preparations of the report
the committee has carefully covered
broad field of Investigation. 1t
mas had the constant cooperation of
able staffs Of experts in gathering
information, digesting it and pre-
senting it.
The committee has conducted on
the ground an examination of Off
clais or the German government and
representatives Of German labor, ag-
rlcuIture and industry. It has re-
celVed from the German government
and its representatives Voluminous
and satisfactory answers in response
to written inquiries.
I'm connection with various fea-
lures of its report, both for the pur.
pose OF gathering information and
for advice the committee called to
its assistance outside experts of in
ternational reputation.
Had Best Of Data.
The published reports and state.
| ments of economists Of world wide
| standing have been in it's hands. It
| has had also the benefit of the &C.
| cumulated information heretofore
gathered by the reparations commits.
SION
The letter reveals the sub.com.
mittee on sterilization of currency
held sixty-eight meetings and the
sub committee on the balancing of
the German budget held sixty meet
ings.
In speaking of my colleagues
and as bearing upon the value of
this report the letter continues,
Il feel that l should make known
to the PREPARATION commission and
to tina world that their Govern.
ments nave in no case limited their
complete independence Of Judgment
and action, either before or after
| their appointment by the repara.
tons commission. Limited only by
the powers granted by the commits.
sion, eacn or my colleagues has
performed his work as a free
agent; these men searching for truth
and advice thereon were answerable
only to their conscicnces. In
granting this freedom the Govern
ments have on the same lines fol.
lowed the commissions spirit and
intent in constituting the commit
tee. but in so doing they have paid
the highest tribute which Govern.
ments can bestow, namely, complete
confidence in a time of crisis in
human affairs. In their vision, in
their independence Of thought and
above al: in their spirit of high
and sincere purpose, which rises
above the small thigs over which
the small so often stumble, my col.
leagues have shown themselves
worthy Of this trust.
THAT their work, which now
place in the commissions hands.
may assist in the discharge of the
commissions great responsibilities
is their prayers and the knowledge
hereafter that it has done so will
be their full reward.
(Signed) CHARLES G.. DAWES,
! Chairman"