The Bozeman courier. (Bozeman, Mont.) 1919-1954, 1924-04-16
NEWS review or
CURRENT EVENTS
Report of Dawes Committee
on German Problem
Johnson Won't Quit.
sy EDWARD w. PIcKARD

ct HE plan submitted is fair and
L reasonable In its nature, and.
tf accepted, Is likely to lead to ulti-
mate and lasting peace. The rejection
81 these proposals by the German gov
eminent means the deliberate choice
OF a continuance of economic demon
aliZatiOn, eventually involving her
people in hopeless misery"
Saying which. at the close Of his
covering letter, General Dawes sub
united 20 the reparatiOns commission
the lcng-awaited report Of the com
mittce Of experts which he headed.
At the same time the report of the
second committee, ON German con
Cealed moneys, was presented. Both
documents must be considered by the
Preparations commission before the gov
ernments concerned act on them.
The Dawes report is q triumph of
business sense, skillful adjustment
and diplomatic wording. As the chair
man said: 1T must be considered not
as lnflcting penalties but as suggest
ing means for assisting the economic
recovery Of all European peoples and
the entry upon a new period Of happl-
ness and prosperity unmenaced by
war. 'It declares Germany's prOduc-
ton will enable her to meet her own
ru4uire1ents and to make payments
on the reparatlOns account from taxes,
the railways and industrial %debentures,
,F 4 000 mn 00n coll vnorI-- tho Nv-f
wear. 1.220,OO0.O00 the second year
1.450,OO0.000 the third year, 2,OOO,-
100000 the fourth year and 2,5OO.0OO,-
600 the fifth year and thereafter. This
last sun may he Increased progressive
Iy in accordance with Germany's pros
perity. German taxation must be al
least as heavy as that of any Of the al
lied powers her railway system should
be converted into a joint stock com.
pany and mOrtgaged for II .OOO,UOO,Ot
gold marks her industries are expect
ed to provide 5.0OO,O0O.OO0 gold marks
represented by first mortgage bonds
A gold bank of emission with head
quarters In Berlin and under cOntrO
OF the allies, with a capital Of 100000,
600 gold marks will redeem the rent
en- mark in ten years. The allies arr
asked to restore TO Germany free eco
monte activity within her territory
which means the surrender by Franc
Of economic control Of the RuhT
though not necessarily the abandon
ment Of military occupation. The OK
ports say Germany will need help from
abroad to the extent Of S0O,0O0,0O
gold marks, partly to capitalize tn
new gold bank and partly to meet ex
pendltures while the budget is beln
balanced.
A general board Of control, includ
ing an American, with allied, neutrs
and German members, is the experts
solution Of the difficult problem o
guarantees that Germany will execut
the terms of eventual settlement ur
der their plan.
According to the report Of the SCI
ond committee, the Germans hav
6,750.O00,O00 gold marks abroad, an
means are suggested for ~attractin
this capital back to Germany.
a DVICES from Berlin say th
n Dawes report in some Of Its al
poets is q bitter disappointment [
the Germans; that the Industrialis
urge that it be rejected as utterly III
acceptable, and that the Nationals
look upon II as "a shameful attack @
German sovereignty" Foreign Nil
fster Stresemann is In an uncomfOr
able position because the figures pr
posed by the experts are far beyor
the sums which he has insisted &c
many Is able to pay. Whether or NJ
Germany will accept the report d
bends in large measure on the resu
OF the forthcoming elections.
Though France may insist on son
changes providing for continued co
troI Of the Ruhr, her acceptance
fine report as a whole Is forecast
the attitude Of the inspired press
Paris. The Matin. for instance. sa,
that TO the questions Can German