New Britain herald., 1924-08-23
GERMANS SHOULD
 ACCEPT DAWES PLAN
tcopuOusa Fran First Passl

to obtain its fatlhes'ion st home s' nc asked the deputies
 Emphasizing lhe significance Of the new aFieniati0n m American politics and the hopeless situation into which The fsnarstion problem would in' e,itahly dFif if American interest were permitted 10 relax or cease. the chancellor said'
 'Ths economic fate of Europe de' bends upon the United states, and rs- lection af lhe pact Of London would therefore plunge us into a state Of uncertainty politically and eeenaml' eally, the effects Of which no one can Iow faTesee,"
 Dr. Marx pFefaeed his recital of the London negotiations by frank ad- mission that the German delegates could not boast of having achieved 2 signal success, as the nature of the task that awaited them in London was not Of the sort that would insure unusual accomplishments He praised Premier MaeDonald's impartial eon' duet of the deliberations and the spirit of equality with which the German delegates were uniformly treated,
 Report Unpleasant,
 The Dawes report was as unpleasant for the Germans as the Versailles | treaty, he admitted. but il would be step forward as compared with the existing state Of affairs. For the first time since the war the Germans had met on an equal footing with the oth- CT powers, and many Of their eoun- ter. proposals had been accepted.
 He denied that the German delega. ton had been confronted with an nl- tlmatum and declared that. while the decisions would burden the Germans. they would give Germany new eeo- homie life and opportunity to regain her strength, and would restore Ger man freedom, especially in the oceu- pied regions.
 After long deliberation. said the chancellor. the Germans came 10 the conclusion that to refuse the French offer would be 10 postpone the settle mert of the Ruhr question indefinitely and would only make conditions worse. Hes pointed out that the French premier held forth prospects that the Ruhr evacuation might be &C., complshed in less time than the stip- ulated period of one year.
 Suffer From Want of Capital.
 pr. Marx warned the Reichstag that industry and agriculture would suffer more than ever from lack of capital aid credit if the pact were re- hal German currency could not resist fresh depreciation. In conclusion the chancellor said:
 "The Reichstag is confronted with a terrible responsibility. Its decision will mean a blessing or curse to Germany. The whole world looks to- ward us. The population of the oc- cupied regions have manifested their will The hopes awakened must not be betrayed"
 Minister of Finance Luther, who addressed the Reichetag after the chancellor had finished his statement, asserted that the consequences would be grave if the Reichstag rejected the London pact. He pointed to the con- tinually increasing number of unem- ployed and said that in the Ruhr alone So,000 miners were idle.
 Restricts Credits.
 Dr. Luther declared that if the l pact were rejected, the Rechsbank's credit policy would have to be re- stricted farmers would be unable to obtain credits. foreign loans would be withdrawn and the time must come when the reich federal states and com- munes could not meet their obliga- tions.
 The entire economic situation | forced the government to accept the | pact, he continued. The burdens inn posed were certainly heavy but it was also certain that an improvement in Germany's position could be expected only if the fact were accepted.
 The finance minister stated his be- lief that the loan of S00,000,Oo0 gold marks would be the forerunner Of other foreign credits, and he ex- pressed the hope that on the basls of the London pact, the German people, by tenacious labor and thrift, would be able to begin the work of achieving their economic re- covery under bearable conditions.
 Quiet Session.
 The session today was held in an atmosphere of quiet in marked con- trast with the story session yester- lay when the insurgency Of com Deputy Ernst Schwarz pre- vented the chancellor from speaking. Having been suspended for 20 sit ings, Schwarz was not present today,
 The chancellors presentation of the procedure at London vas received with applause by the members Of the government parties, while the nationalists rcfrained from of disapproNal I Foreign Minister Stresemann closed ( he debate forsthe government, after 1 which the Reichstag adjourned until | Monday when the party leaders will I ,,ake addresses on the work ot me { conference. (