Evening star., 1924-04-20

u. S. is REFLECTING
DAWES PLAN BENEFIT
Immediate Trade Boost Seen in
Germany's Acceptance in
Principle.
ELECTIONS ARE WATCHED
Reparations Payments Still to Be
Worked Out.
ELECTIONS ARE WATCHED
BY HARDEN CoLFAX.

American prosperity will be af-
fected for years to come by the fate
of the Dawes plan for working out
Germany's problems. The plan is
practical. It's acceptance in principle
was accompanied by revival of for
elgn trade not only with Germany
but with most of Europe. An even
greater revival seems ahead
Such are the. views of government
orhcials here. These officials believe
e. that the Dawes plan has opened the
door to new day of peace and pros
perity in European industry and pol
itfcs. Details for applying the plan
must be worked out. They promise to
bring their quota of crises and
troubles. But the main thing as seen
here is acceptance of the principles
OF the plan. With that assured, skill
and patience in applying it probably
viii mean success.
Benefits Are Seen.
And with success. as high officials
mere regard the future, will come in
large measure. staple currency in
Germany renewed Industrial activity
a settled policy gradual discharge of
repAration obligations. and-of direct
interest TO American business-bet:er
ana more certain markets for almost
All l4that the United States has to sell
abroad
already Commerce Department re-
ports show American busin ess with
Europe is increasing. To Germany
nave gone increased shipments of
LooostuftS cotton, manufactured arti-
ales and other commodities. From
Germany have come more wearing
Ion
commodities. The curve on the
charts has moved upward each month
since November
Thus. it is believed here. from the
aay Germany decided to stabilize her
currency. American business and fl
nancia1 interests discounted the
Dawes plan. Although the plan was
not even projected last November,
when Germany decided to stabilize
her currency, plain indications we're
as hhesa interests read the signs wa :
preparing to talk turkey and get
down in e2rnest to working out
problem.
Market for L. $. Products.
american products are beginning
now to appear in German shops
American typewriters are going by
the thou and to Prussia and Bavaria.
American automobiles lie by the
Shfpload on German docks. awaiting
the lifting of import prohibition. to
he announced within a few weeks.
And big committee of German
automobile importers is on its way
today to Amurica. to visit Detroit
and other manufacturing cities for
he!purpose OF arranging to send over
other shiploads of American cars.
The Dawes plan, il is believed
.here, Will result in increasing this
and other. trade with Germany and
in assuring such permauence of
policy as to place our future trade
with Germany on a sound business
basis. And not only with Germany
but generally throughout Europe
except for Russia For all European
trade is regarded as so intimately
tied up with the German situation
that Europe as a whole will languish
so long as Germany remains eco
nor1ically sick.
Three big details of the Dawes
plan yet remain to be worked out.
How much Germany must pay. how
1t will be paid. and the SeXtent of
Rhineland-thee are subjects to be
disposed of under the plan by other
commissions which are yet to come.
Elections Are Important.
The next development of conse-
quence, as foreseen here, are the
elections in Germany and France.
The former is held May 4. the latter
react on the French. If the old
monarchical crowd gains strength in
Germany, the bitter-enders will gain.
it is believed, iii France. Such a
contingency will make aanicable ad-
justn1ent of the triple problem some
what more difficult. The tendency at
present is toward that contingency,
so a further difficulty may be en-
courtercd in the near future as
result. =
Even SO, it is felt here, the result
will be to lengthen the negotiations
rather than upset them entirely.
Washington officials are asking
themselves if Dawes and his fellow
workers have not indicated quite
plainly that the amount of repara-
tion to be paid by Germany must be
further reduced. That is one of the
questions to be settled. Under the
London schedules of 1921 the amount
was fixed at 1872 100000, 900 gold
marks, a scaling down from some
500. zoo. 10000 gold marks discussed,
informally among the allies while