The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-04-09
Hell and Maria"
DGWes Is Annoyed
OUer Many Delays

PARIS, France, April 7.--Charles
G.. Dawes has declared his extreme
annoyance at the Preparations Com
mission here over its delay in COM
ing to terms. A determined strug-
gle has been going on as to the
amount of money Germany will be
forced to pay.
The Preparations Commission Of
which Dawes is chairman, plans the
establishment of a private bank for
Germany. Altho the announced pur-
pose is to stabilize German currency
and balance Germany's budget, the
plan is to have seven foreign coun-
tries represented on the board OF
directors.
Germany Relinquishes Finances.
Germany will be asked to relin-
quish authority to print bank notes
to the new bank, and the notes are
to be printed outside Germany. The
Reichsbank and the credit bank are
to be absorbed by the new bank, it
is announced, and a special foreign
supervisor is to handle the repara-
tons account.
This bank, which is looked on as
handy way for France, and thru
Dawes the American fnanciers who
have been active in France, to more
easily plumber helpless Germany.
Capitalists After Railroads.
The banks gold reserve may be
transferred from Germany to an
other country by three-fourths
vote of the board of directors. In
order to balance Germany's budget,
the Preparations Commission an
nounces the issuance of a series Of
international loans, secured by the
German railroads, which are valued
at % million gold marks. Two bill
lion gold marks are the figures set
by the experts a good inter-
est Of course-for the amount Of
these loans.
In order to meet these added de-
mands of the international plunder-
ers now engaged in dividing Ger
many's carcass, it is announced that
Germany will be required to raise
railroad fares and freight rates. The
railroads will have to be supervised
by foreigners.
Details Leaking Out.
Details of the experts reports are
leaking out as they pass thru more,
and more hands in translation, print
ing and proof reading.
French sources today handed out
what purported to be an authoritative
resume Of the Dawes committees re-
port. 1t conforms to the outline
published yesterday, namely, that a
gold bank of emission will be estab-
lished, an international loan granted
Germany, and control of the railroads
assumed and adds hitherto unpub-
lished details.
Without interfering with military
occupation of the Ruhr," the authori-
tative French version says, "the econ
omic unity of Germany must be re-
tored."
"The Ruhr customs and railways
must be returned to Germany, but
allied Representatives will act as over
seers in order to safeguard the Sc
curity Of the troops.
0ermany Must ray.
"Germany's reparations payments
will amount to one billion gold marks
the first year by means of a foreign
loan Of S00,000,000 plus 5000, 900
from a transport tax.
"Twelve hundred million will be
paid the second and third years,
100000 the fourth year, $780,
100000 the fifth and rising ratio
thereafter, according to Germany's
national prosperity.
"The entire German railway sys-
tenn is to be conceded for fifty years
to accompany with a capital of &c.
0OO,00O,000 gold marks, of which two
billion marks in preferred stock will
be given.
The French version also included
levy on German industries which
profted by humiliation Of the mark.
Russian Coop Bank