Evening star., 1924-03-16
BY OLIVER OWEN KUHN.

RANGES foreign policy insofar
~ as it pertains to Germany,
VIII be brought into complete
alignment with the desires OF
wartime allies, according to advices
which have been received in Wash
ington.
The socalled imperialistic and
strictly natj0nalistic desires of
Premier koincare either will be
abandoned or SO curtailed as to cause
no frintion with England and Italy,
not TO speak of the United States.
in final settlements.
Instead of clinging steadfastly to
continued occupation of the Ruhr and
the Rhineland territories; instead of
fostering continued resistance Of Ger
man separatists in the Rhine regions
and in other ways, in the guise of
reparations sanctions, throwing OBJ
effort to regain the Rhineland and the
Ruhr with subsequent economic and
hnanclal restoration. Premier Poin-
care will bow to the decisions of Gen.
Dawes financial experts who have
sifted the whole reparations situa-
ton. The experts have made it known
unoficially that the French occupa-
tion cannot continue If Ger
many is to pay; that there must
be almost immediate withdrawal of
French force along the Rhine. that
Germany must be permitted to float a
great loan. possibly $500. 100000, and
one not prejudiced by demands from
the French that this be paid on repa-
torium over a period of years, pos
sibly five, shall be granted in order
that the industrial and economic ma
chimes of Germany may be revamped,
oiled and set going again with pre-
war efficiency. Upon this depends
final payment the experts are said to
have decided.
Early Settlement Seen.
Premier Poincare has capitulated,
At least modified, his stand to such
an extent that early final settlement
comes within the realm of possibil-
ity. And Poincare has been forced
from his adamant stand, not through
exigences Of the political situation in
France. but through the insistent de-
mands of, French bankers who have
called the government to book in the
process of extricating the franc from
its perilous position in the world S
money martS.
1t truthfully must be said that
France faced financial Verdun the
past three weeks, the franc continu-
ing downward course with phenom-
email speed, notwithstanding the ma
tons natural wealth. France faced
untold losses from which she could
not be expected to recover in a dec
ade had not international bankers
stepped into the situation and, with
British reassurances and American
pledges of a 500. 100000 loan checked
the hurtling franc and started back
on safer pathways.
Though the French are prone to cite
Germanic delays in payment of repa-
rations as the real cause of the
francs fall, international bankers and
statesmen have been more inclined to
believe that the tremendous govern
mental overhead expense, occasioned
so largely by Poincare's political poll
cies and actions in Germany. really
has been responsible There being
started to fall, recently with greater
speed. 1t may be suspected, and not
without some grounds, that certain
banking circles of the old world has
tened the plunge of the franc, tim
ing their greatest onslaught with the
expected report of the financial COM
mission investigating the reparations
commission, thus hoping to force
Frances hand. However, this report
is expected to be delayed and the i'm
petus of the declining franc had to be
stopped before a cataclySm.
Investors Imperilea.
British and American investors
were imperiled by the movement of
the franc and it is not in the least
strange to see American and Brit
ish bankers spring to the rescue.
Though they have not been respons-
ible for saving the franc against the
onslaughts in other countries, even