The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1924-04-09

81 sliding scale nt rerafalena
payments. starting al ono bullion sold
marks the first year and Increasing
a. Germany prospers.
6-France and Belgium must re-
lease their economic hold on the
Ruhr but may retain their armies
of occupation.
WOULD RE ESTABLISH
CONFIDENCE IN GERMANY
The report. hailed az the most mo
mcutoua document since the Yer
s,illos treaty. which n would IN a
measure revise. differs from that
pact Ia this;
General Dawes and hts colleagues,
who include owen u. Young. based
their entire Findings on tho hypothe
sis that tho fiscal ana economic
unity % tho reich viii be- restored
Germany Is no, told What sho must
pay and LEFT 10 find the money; the
experts. thru limited control and
supervision. would have the allies
share with the late enemy interest
ana responsibility IN making every
German bear a fair share OF fair
burden.
establishment Of confidence IN
Germany. on tho part OF her own
people a. well az the rest Of the
world. II held 10 be vital 20 success
OF tho plan.
General Dawes committee has
proposed 20 create this confidence
by making Il 10 ocrmany's interest
20 pay her debts. To this enc the
broadest. most complicated scheme
ever devised for rehabilitation %
nation ana extracting payments Is
outlined.
Involving intricate mechanism OF
parallel and interlockinE boards OF
directors. tho whole supervised By
separations Dictator" 10 safeguard
tho rights % the allies. who arc asked
10 rcllnquish their economic snip on
tho Ruhr. tho plan IL presented a.
unit II concludes. Amos, blunily. In
manner characteristic Of ''hel and
Marian" Dawes tina, II must ba nc.
eepted IN ia entirety or not al all.
PRACTICAL MEANS To
RECOVER DEBT
The Dawes rcpor, opened with an
explanation OF N. attitude OF the
committee. we have approached
our task az business men. anxious
20 obtain effective results. We have
concentrated with technical, not 20.
liticai aspects q tho problems pro
sen,sd to Us. The report began.
The dominating feature OF the
German budgo, Il Gormany'n obllga.
tons 90 the allies undar the treaty
Of Versailles. We have been con.
cerned with the practical means OF
recovering this debt. not with the
imposition OF penalties and guaran.
tees which No propose arc economic.
not political tho committee said. by
way % explanation.
Consideration was given 10 what
cxtont balancing OF tho budget and
s'ahllization OF tho currency could
be re-eaiablished In Germany an shs
actually In AZ the present moment.
with limitations as to her fiscal and
economic rights over par; Of her
ARA.
We should say at the outss, that
40 have been unable 20 find any
practical means OF insurinK perma.
nsni stability In budEt or currency
under these conditional" the expcrts
reported. we have. therefore. been
compelled 20 mako the assumption
that tho fiscal and economic duty OF
tho reich win Be restored.
"our plan II based upon tho AZ.
sumption that existing measures In.
sofnr NJ they hamper Gernany's
economic activity. viii be withdrawn
or sufficiently modified no soon m
Germany has put into execution the
plan recommended
The committee expressed tho opln
ion that n occupation Of the Ruhr
were modified. settlement Of ropara.
tons must DO reinforced by adequate
productive securities"