Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1924-04-17
NEWS review OF
CURRENT EVENTS
Report of Dawes Committee
on German Problem
Johnson Won't Quit.
BY EDWARD W. PICARD


GstT% HE plan submitted is fair and
reasonable in its nature, and,
If accepted, is likely to lead to ulti-
mate and lasting peace. The rejection
Of 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
mitted to the reparations commission
the long-awaited report of the COM
mlttee 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
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: ut must be considered not
as inficting penalties but as suggest
ing means for assisting the economic
recovery Of all European peoples and
the entry upon new period of happi-
ness and prosperity unmenaced by
war. 'It declares Germany's produc-
ton will enable her to meet her own
requirements and to make payments
on the reparations account from taxes,
the railways and Industrial debentures,
Of 1,0O000000O gold marks the first
year, 1,22O,O00,000 the second year
1,450 100000 the third year, 2,000,
100000 the fourth year and 2,500,000,-
600 the fifth 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 as that Of any of the al
lied powers; her railway system should
be converted into a joint stock COM
pany and mortgaged for 11,0O0,O00OOO
gold marks; her industries are expect
ed to provide 5,O00OOO,000 gold marks,
represented by first mortgage bonds.
A gold bank of emission with head
quarters in Berlin and under control
of the allies, with a capital of 100000
600 gold marks will redeem the rent
en- mark in ten years The allies are
asked to restore to Germany free eco
nomic activity within her territory,
which means the surrender by France
of economic control of the Ruhr,
though not necessarily the abandon
ment Of military occupation. The ex-
:, Ac 49,, n o,.,,, NV, will mod holm from
abroad to the extent of 800,000,OOo
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, includ-
ing an American, with allied, neutral
and German members, is the experts
solution of the difficult problem of
guarantees that Germany will execute
the terms of eventual settlement I'M
der their plan.
According to the report Of the Sec
ond committee, the Germans have
6,7500O0,0Oo gold marks abroad, and
means are suggested for attracting
this capital back to Germany.
A DVICES from Berlin say the
n Dawes report in some of its as
poets is a bitter disappointment, to
the Germans; that the Industrialists
urge that it be rejected as utterly I'M
acceptable, and that the Nationalist
look. upon 1t as "a shameful attack on
German sovereignty" Foreign Min
lister Stresemann is In an uncomfort-
able 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 not
Germany will accept the report de-
ponds in large measure on the result
of the forthcoming elections.
Though France may insist on some
changes providing for continued con-
troll of the Ruhr, her acceptance Of
the report as a whole is forecast by
the attitude of the inspired press OF
Paris. The Matin, for instance, says
that to the questions Can Germany