San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1924-04-09

}rParis, April Brig. Gen. Charles
Dawes, the unofficial American
1 representative OH the first committee
hich examined into the economic and
knancial situation in Germany, in a
| Eyering letter to the report of his
Emmittce, tells the PREPARATIONS COM
6ssion that the committees recon-
foundations must be considered not
Fl inflicting penalties, but as suggest
kfg means for assisting the economic
Lituation of European peoples and the
(ltry upon a new period of happiness
Id prosperity unmenaced by war.
The covering letter addressed to the
Resident of the reparation committee
! llOws:
"Your committee has unanimously
lopted a report upon the means for
4 lancing the German budget and the
fkeasurcs to be taken to stabilize its
trrency which ! now have the honor
n submit.
deeply impressed by sense OF its
,tponsibility to your committee ana
M the universal conscience, the COM
ALittee bases its plan upon those prin..
piles of justice, fairness and mutual
ftcrest in the supremacy of which
4 BIT only the creditors of Germany and
Germany itself but the world also
hve a vital and enduring conscience"
Must Remove War Danger.
"With these principles fixed and
accepted in that common good faith
thich is the foundation OF all BUSH
&ss and the best safeguard for uni
frsal peace, the committees recon-
.lendations must be considered not as
Ilflicting penalties but as suggesting
q means for assisting the economic
Hcoyery of all European peoples and
he entry upon new period of happl-
les and prosperity unmenaced by war.
~ Since, as a result Of the war, the
teditors of Germany are paying
likes to the limit of their capacity,
'e also must Germany be encouraged
b pay taxes from year TO year to the
init of her capacity. This is IN ac-
BIRD with the just and underlying
|Einciple of the treaty of Versailles,
kaffirmed by Germany in its note OF
Law 20, 1910, that the German
Lheme Of taxation must be fully as
Ieavy proportionately as that OF any
the powers represented on the com,
ission.' More than this limit could
Z bit be expected and less than this
4 ould relieve Germany from the COM
on hardship and give to her an I'M
hir advantage in the individual COM
Edition feature. The plan Of the com
*ittee embodies this principle.
s. THE plan has been made to INCLUDE
flexible adjustments which from the
fery beginning tend to produce maxi
'Aum of contributions consistent with
Ehe continued and increasing produc-
%yjty of Germany; the conservative
Estimates Of payments to be made On
H,e near future are dictated by busi-
less prudence in outlining the basis OF
1 loan and should not destroy. the per-
|pectiye as to the effects to be regis
Bred in the aggregate of eventual pay
hents which will annually increase.
Estimates Justified, He Says,
with normal economic conditions
IND with productivity restored in Ger
bany, the most popular estimates OF
he amounts receivable are justified.
Without such restoration. such pay
hents as may be obtained will be OF
title value in meeting urgent needs
Il creditor nations.
ITO insure the permanence OF the
lew economic peace between the allied
Government and Germany, which IN
3olyes the economic adjustments by
Inc plan, there are provided the coun-
Ierparts of those usual economic pre-
{autions against decentralization which
Ire recognized as essential in all bust
ess relations involving express obi
cations.
The existence of safeguards in no
Nav hampers or embarrasses the case
.f ordinary business contracts. The
thorough effectiveness Of these safe
tua rds should not embarrass the nor
hal economic functioning of Germany
Ind is of fundamental importance to
and her creditors.
"Grcat care has been taken in find
ne the conditions of the supervision