The Holly chieftain., 1924-04-17
NEWS REVIEW OF
CURRENT EVENTS
Report of Dawes Committee
on German Problem
johnson Won't Quit.
BY EDWARD w. PIckARD

L reasonable in its nature, and
II accepted. Is likely to lead to ulti
mate and lasting peace. The rejection
of these proposals by the German gov
ernmcnt means the deliberate choice
of continuance of economic demor-
alization, eventually Involving her
people in hopeless misery"
Saying which, at the close of his
covering letter, General Dawes sub
mitted to the. reparations commission
mittee 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 he considered by the
reparations commission before the gov
ernments concerned act on them.
The Dawes report is triumph of
business sense, skillful adjustment
and diplomatic wording. AS the chair
man said: 1T must be considered not
as innicting penalties but as suggest
ing Means for assisting the economic
recovery of all European peoples and
the entry upon new period of happl-
ness and prosperity unmenaced by
war. 1T declares Germany's produc-
tion will enable her to meet her own
requirements and to make payments
on the reparations account from taxes,
the railways and Industrial debentures,
of LOCO, ,OOO.O00 gold marks the first
st~
1,450,000,O0O the third year. 2,OOO.-
100000 tit fourth year and 2,50U.O0O,-
600 the fila year and thereafter. This
last sum may be Increased progressive
ly in accordance with Germany's pros
perity. German taxation must be at
least as heavy MS TINT OF any OF the al
lied powers her railway system should
be converted into a Joint stock COM
pnny and mortgaged for 11,OO, 100000
gold marks; her industries are expect
cd to provide 5,OO0.OO0,OOO gold marks,
Represented by first mortgage bonds.
A gold bank of emission with Head
HH;..crters In Berlis ana under control
of the allies, with o capital of 4OO,0OO,-
900 gold marks will redeem the rent
en- mark In ten years. The allies are
asked to restore to Germany free eco.
homie activity within her territory,
which means the surrender by France
of economic control of the Ruhr,
though not necessarily the abandon
perts say Germany will need help from
abroad to the extent of SO0.0O0,NO
gold marks, partly to capitalize the
new gold bank and partly to meet ex
penditures while the budget Is being
balanced.
A general board of control. inc,ad-
ing an American, with allied, neutral
and German members. is the experts
solution of the ditiicHlt problem of
guarantees that GermAGy will execute
the terms of eventual settlement un-
der their plan.
According to the report of the Sec
ond committee, the Germans have
6T50,O0O.00o gold marks abroad, and
means are suggested for attracting
this capital back to GermnnS
A DvICES from Berlin say the
n Dawes report IN Some of its as
poets is bitter disappointment to
the Germans; that the Industrialists
urge that ii he rejected as utterly un-
acceptable. and that the Nationalist
look upon II as "a shameful attack on
German sovereignty" Foreign Min.
lister Stresemann is in an uncomfort.
nble position because the figures pro
posed by the experts are far beyond
the sums which he has insisted Ger
many is able to pay. Whether or moi
Germany will accept the report de
pends in large measure on the result
Of the Forthcoming elections.
Though France may Insist on som'
changes providing for continued con
trol of the Ruhr, her acceptance o
the report as whole IS forecast b!
the attitude OF the inspired press o
Paris. The Matin, for Instance. say
that to the questions Can Germany