The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-04-28

the plan, is being used with goo
If the big nations of Westt
plan then there will be no loan.
But the British, Italians and
Belgians have already accepted
the plan, while France is still
holding out for revision.
Morgan's offer is that Amer
lean bankers will subscribe half
of the proposed 8OO,O00,OOO gold
marks ($2OO,00O,00O) loan to
Germany, if the Dawes scheme is
adopted in its entirety, without alter
atoms or political notifications.
Mr.. Morgan, in two hour confer
ence with Louis Barthou, president of
the PREPARATIONS commission, and Sir
John Bradbury British member, as
sured the reparations officials that an
American banking syndicate would
subscribe $1OO,OO0,OOO to the loan.
Promises obtained from London indi-
cate that an English group will take
SIS, 900, 900, leaving the balance of
$25, 100000 to be placed in France,
Holland, Switzerland, Italy and else
where.
Warns Against Changing Plan.
These tentative pledges, however,
hold good only if the plan Immediately
becomes operative Mr.. Morgan
warned the allied politicians that they
must keep their hands off and not
shackle the experts businesslike ar
rangements with political or military
considerations or interfere with the
German governments complete sover-
eighty inside its territory so German
industry can be made to produce the
greatest possible output and be able
to compete favorablyjn foreign trade.
The sharp contrast in the tenor of
the French and British, Belgian and
Italian replies dictates the chasm
splitting Premier Poincare from the
other allies. The French premier's
communication is almost as long as
the other three combined, and whereas
Premiers Theunis and Mussolini agree
on the experts conclusions practically
without comment, and while Dir Will
liam Tyrrel points out that there are
only three points for the allied gov
ernments to decide on and transmit
to the reparations commission, Pre-
mier Poincare insists that the entire
reports of the Dawes and McKenna
committees, totaling $4,000 words, re-
quire rewriting.
The letter of Premier Poincare de-
mands that the reparations commits
sion proceed to revise the whole re-
port.
"The governments await the repara-
tions commission to take a definitive
decision, giving the experts report
an executive form, as most of the ex-
perts' proposals are written under the
form of simple indications, and to
complete certain points which the ex-
perts left for the commission" he
says. 1T is only after the reparations
commission has defined these points
that it will be able to present it's final
conclusion to the governments"
Poincare then objects that "the gov
ernments cannot act usefully until
they know exactly what practical re-
suit the reparations commission will
obtain thru the experts plans"
Desires to See German Action.
Arguing for a further delay, Pre-
mier Poincare continues:
"The governments must know what
measures the German government has
taken for the execution of the deci-
sions of the Preparations commission.
This decision can be taken only after
the PREPARATIONS commission approves
of the projects and laws demanded
from Germany"
The French premier then insists
that the allied governments must not
be considered on the same footing as
Germany.
Demands Better Guarantees.
Regarding releasing the French
military grip on the Ruhr industry,
M. Poincare renews his demand for a
larger and surer guarantee than he
now holds with the poilus bayonets
in the Rhineland in exchange for Ger
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