Evening star., 1925-11-13
PA|NLEVE MEETS
SOCIALIST DESIRES
Revises Financial Plan to
Comply With Demands of
Party Leaders.
BY the Associated Press.

PARIS, November 13.-The revised
financial plan of Premier Painleve,
which provides for a moratorium on
short-term bonds, capital levy and
for the state to share in the profits
of industry and commerce, is consid-
cred in some quarters as a first step
toward national Specialization.
The revision was made by the pre-
rlier at meeting of the finance com
mittee of the Chamber of Deputies
when it was threatened that If the
main points of the Socialist program
were not accepted the government
coalition would be broken. In ac-
quiescing in the demand Of the
Socialists the premier requested that
the finance committee accept the re-
Vising measure so that it might be
debated next Monday in the Chamber.
THE revised plan constitutes the
first step toward national socialiZa-
ton. which circumstances perhaps
make inevitable, but of which the
consequences cannot but be of ex-
treme gravity for the country says
Lucien Chassagne, managing editor of
the Journal and an authority on
economic subjects. 'If it is to be
applied successfully, an effort must
be made to create an atmosphere of
confidence and union"
BRAND Viewpoint Popular.
Aristide BRAND, the foreign minis
ter, is of the opinion that the imam
cial measure adopted must be without
nolitical taint and just. A statement
made by NJ. BRAND in the lobby of
the Senate last night-'It must not at
any cost appear to have political char
acter; it must aim only at being just =
found a ready echo among the mod
crate politicians.
NJ Patnleve last night, having set
tied everything satisfactorily with the
finance committee of the Chamber.
was discussing with Senator BienVenu
Martin. radical leader in the Senate,
the prospects of the Senate passing
the bill. when the lobb:eS we're thrown
into commotion by q report that Louis
Ioucheur had submitted = series of
amendments to the finance committee
involving conversion OF the permanent
debt and the spreading OF the payment
of the national contribution" as the
capital levy is known, over Il period of
80 wears. instead of II years.
Sticks to Own Text.
This being more along the lines OF
the plan OF the SOCIALISTS, lneI at once
rallied to it. Eventually it was de-
cided to refer the proposed amend
nents to NJ. Painleve. The premier
unhesitatingly declared THAI he would
stand by his own tex. because if he
accepted one amendment liz would
have to accept others. and the process
would be endless. NJ. LouCieur did not
insist and the incident closed satisfac-
torily.
Should other persons s,spiring 70
amend the measure follow what is
termed NJ Loucheur's accommodating
example. it is felt in political circles
that the financial bill can be debated
by the Chamber on Monday and
adopted by an adequate ma jcrity.
on real estate the proposed capital
levy will amount TO one and one-haif
times one years revenue derived from
it, and there will be q tax on stocks
and bonds at the same ratio, and the
sharing of profits with the state by
Industrial and commercial stock COM
panies to the amount of Is per cent
The capital levy may be paid in
lump sum or spread over q period of
IA years.