The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1929-02-16

CHICAGO DETROIT
Tower Bldg. Kresge Bldg
lOfficiai City. State and County Newspaper,
SOLVING PREPARATIONS FINALLY
The financial locksmiths the point Of setting
about the task Of turning the key in the international
letters of World debts and PREPARATIONS. Assembling
at Paris the experts who to at last just how
great total Of PREPARATIONS Germany shall pay
quel to the Dawes plan This the manacling OF
the reich. But the whole proposition bound with
the payment by the Allies OF their debts to the United
States and they insstent making the amount
Of PREPARATIONS this debt any decision that basis
ct the time will easement of the financial
shackles Of France Great Britain. Italy and Belgium
For the Allies under their agreements with the United
States the period Of financial servitue has been set at
81 years. 1t will be decided in the present conference
not only what the total of reparatons shall be- but Ger
many is to learn how long the period Of payment Is to
extend.
The United States is not officially taking hand in the
conference The American experts who to partici
pate. Owen D. Young OF the former Dawes commission,
although made chairman Of the conference and Pier
pont Morgan with Thomas Nelson Perkins and Thomas
W. Lamont aernaes. will sit unofficaly by choice
the Allies, President Coolidge having ruled that this
could not participate officially though there
would be objection to the European participants call
ing in American experts in finance to help them work
out their problem
This arrangement is important as it does not commit
the United States to the debt entanglements Europe
and in way, resates the presidents attitude that the
question Of allied debts owing to the United States
not by American assent be regarded having anything
to do with the problem of PREPARATIONS between Germany
and her opponents. It also is important from the
viewpoint that when it finance the conclusions
Of the conference. the United States wiz be looked to-
at least to do this the worlds chief financial center
Hav tad tn
annual payment Of $6250ooooo reparations leaving
the total amount and the period Of years to be
mined later In such conference now is about to
semble Parker Gilbert the agent general of repara-
tions payments recently announced in formal report
the situation. that Germany able to continue pay
ing this annual charge and it is possible that the
nuity amount will stand.
As to the total Of PREPARATIONS. there is talk of
3sl9oO0oO0O This is the figure that France has tenta
lively SET This Is far from what France and the Allies
in the first flush Of their Versailles imposons expected
to get from the vanqushed Germany Cemenceau raved
about total vast $500 10000 England lacking
the volatility Of France the vrulence Of the Tiger
spoke Of $120.000O 100000. Then there was talk of
100000 Now. In the realization that one can
overreach and that there is such thing as the unat
tanabe cooler Judgment has replaced the heated hate
that set these tremendous ransos and thus there is
proposal that Germany pay the $3.50 100000.
Possibly the big feature of the commissions decisions
will be what it does to commerciazaton Of Germanys
debts France demands this. The securities would be
marketed and thus Germany would be held fast without
possibility OF any remuneration OF the obligations
Be imposed.
The French stand which is likely to be the tentative
basis OF proceeding to consider the problem may be
summarized in these five points:
l. France claims 102y0000oOOo0 francs (3397SOooOoo)
for damage to her property which would amount to be-
tween and l4ooooooo0oo francs when in
terest Is included.
q France renounces the right given to her in the
Versailles treaty to Germany pay for French war
pensions.
8 Germany must reimburse France for the French
war debts to the United States and England
Germany must pay schedule Of fixed annual
annutes instead Of on sliding scale
s France demands international commercialization
q 0ermanys debts.
The total Of @8190O0000o was indicated as Frances
final figure. although not stated categorcally It
includes approximately 75000O00O0o francs
ooO) n war debts.
Germany has held to the hope that the conference
might b induced to reduce payments The plea was
ade that her ability to pay should be the basis OF any
declston Is to total amount reached but France put
forth the counter that the obligations of the
Alt4 seyerally In war loans from the United States
should b the basic consideration in fixing the total
Germany asserted her inability to continue paying the
Am0lnt set By the Dawes commission as the annuity but
- Parker Gilbert challenged and denied this claim He
sd there DOUBT Of 0ermanys ability to continue
~ e1stiug scals of payments Despite the colossal
sasant a - pupoeed sum, German trade revival Is
to6 - desop bGiance Ii favor q the reich which
Ni ines1aae IT, possibility q making the payments
80 - AIus - up ths contention that the pro-
poeo1 0eEman D1ynenfs wiu - - moro onsrous than
- f&ok ON - 61bts And wax taxas 70 nset them
411 eNn ~ ooNn r principle d oermanys van
- stlpalafic0 that IL reich must not be let