Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-06

to the amount proposed in the allied
memorandum.
It also was said in the press that
France did not ask for the conference,
but accepted 1t as one step in apply
ing the spirit of Locarno" to Franco
German relations. Another step was to
be the anticipated evacuation of the
Rhineland, and it was supposed IN
France that in the reparations settle
ment would be found compensation for
the final early liberation of German
press is quite bitter over the present
situation, in which France sees nothing
like the advantages hoped for, but Is
asked to make sacrifices on her claims
against Germany while giving up the
last hold she has on the Reich by
leaving the Rhine.
It is assumed by the Paris press that
Mr.. Young's proposal has the approval
of the British and the question is asked,
Which of the allies is going to make
the necessary reduction in their de-
mands? The creditors OF Germany
never came to full agreement as to who
would be the Sharers of the Sacrif1ceS
made in the original demands placed
before the experts and the question now
is, How are they going to come to a
compromise on a problem made further
dttncult by the new ngureSP
Demand Guarantee.
| The principal of the conditions made
by Germany with reference to the new
| figures is a demand for a guarantee
against the transfers of money in case
they are likely to derange German ex-
change such as exists under the Dawes
plan. The reich experts also demand
that security for payments on repara-
lions shall be a strictly government
affair and that the present lien under
| the Dawes plan on German railroads
TO an amount of II ,000,000,000 gold
marks and on industrial enterprises for
| 5000, 900 900 marks shall be abolished.
| It is also proposed in this scheme that
the annuities suggested by Mr.. Young,
| which are supposed to average $780,
600 900 marks a year (about $576, 000,-
OOO) for 81 years, shall cover all the
costs of the military occupation OF the
Rhineland, the expenses of the repara-
tons commission and all subsidiary
claims growing out Of the war, except
| ing the redemption of paper marks
forced upon Belgium, which will be sub
ject to special negotiations.
The annuitieS, beginning at some
thing like l,650,000,000 marks about
| $500, 000, 000), increase each year by
| q, OOO, 900 marks, reaching 900, 600, 900
| (about $456,o00 000) the tenth year.
| These payments, according to the German
| conditions, would run for only 81 years,
while the allied demand So annuitteS.
| The last 81 Of these annuities would be
paid out Of the profits OF the Inter-
national Bank. The question arises
here, the French say, how can the
| Germans claim to benefit from those
profits to liQuidate their debt. since those
profits are supposed to be derived from
! handling PREPARATIONS money that be-
longs to the creditors.
Some Sort Of Settlement.
There was growing conviction In
| circles close to the conference that
some sort of settlement would be
evolved.
The settlement, if it materializes,
will come hard and not without con-
siderable persuasion and perhaps tact
| full pressure, but the belief was grow
| ing that the plan tentatively accepted
| Saturday by Dr. Hialmar Schacht, Ger
| man spokesman, from owen d. Young
represented the American financial
world.
Neither France nor Belgium. upon
which the final decision of acceptance
or rejection seemed today to rest, are
DESTROYS, it was pointed out, OF antag-
onizing the American moneyed inter-
| eStS.
The actual figures Of Mr.. Young S
proposals to DR.. Schacht - tentatively
agreed to also by Great Britain and
Japan-have not been made available
and estimates here calculated the re-
duction in payments TO France which
they involve at from 7.000,000,000 to
IS, 900 900 600 francs $3.50 100000 to
$500, 900 900 present value).
The request for this concession has
become the object of increasing attack
from those who feel France has already
conceded more than her share. 1t is
pointedly asked everywhere why the
United States does not do little re-
ducing In claims itself.