Milford chronicle., 1931-12-04

WASHINGTON, D. Cdr. Otto FL
T.. Vollbehr and Professor Albert
Einstein. are recognized in America
as independent German thinkers
and leaders whose views are inval-
uablc to the settlement of affairs in
our troubled world. DR.. VollbehT
has issued a statement in which he
declares that he has undertaken "to
Law a serious case in a serious way
before the American public" for the
reason. he adde's, that "the World
War has never ended and its need
less suffering and terrible deStruc'
tlOh still continues"
The London Ultimatum of 1921 de-
cided that Germany was to pay $685.
OOO, 900, 900, in addition to surrender
ing certain of her territories. Even
in the Allied countries" says DR..
Vollbehr, "people threw up their
hands in despair because they knew
that such payments could never be
made, not even by the richest coun-
try, less by a country that was dis
membered. Yet, the insanity Of the
peace makers knew no bounds, and
so the dictum of the London Confer
ence came into existence, and Ger
many had to live up to it.
Surprising as it may seem the
capitalistic system became eager to
lend money to the most outspoken
foes of capitalism, namely to So
cialistic Government. Of course, the
private debts which have been in
CURED in Germany are absolutely
safe as long as France and the
other beneficiaries of the Dawes
Plan and the Young Plan are not
rigorous in their attempt That rep
afations payments take precedence
before payment Of private Gebts.
"This question is now the pivotal
point. France insists that private
debts have to take a back seat,
whilst Germany insists that her pri-
vate' debts have been made in good
faith, and have not been imposed
upon her by force as the reparations
payments have been.
1.-THE World depression had the !
curious consequences that the pay
ments under the Young Plan turned !
out to be heavier than the payments |
under the Dawes Plan" DR.. Voil-
behr reviews the situation brought |
about by the reduction of commod-
ity, prices, the cessation of foreign |
leans. and the upset of reparations
payments with their accumulated |
difficulties. These conditions, he de-
Clares drought Germany to the end
of her rope" in the spring of 1881.
1T was then that President Hoover
declared his moratorium Of all pay
1nentS for one year, and almost at
the same time the so-called Still
haltungs' Agreement was made,
which means that all foreigners
who had short term investments in
Germany declared their willingness
not to withdraw them until Febru-
afy, 1891"
5 ! DR.. Vollbehr reviews the history
Of events when the Preparations
with the Allies holding
The upperhand, deprecated the val
lles of the German ships and at the
same time ran up the figures on the
Allies ships. Germany was compel
led to renounce to the Allied Pow
srs the rights and interests of her
private citizens, including public
utility undertakings and concessions
IN Russia, Morocco, and China.
getting credit for them. Bill
lions more of losses were piled UP,
for instance, by paying for Allied
troops that occupied Germany's ter
ritory. The lost German Colonies,
sven according to English computa-
ions, were doubtless of greater val
lie than the total war cost. And yet,
Germany was not credited with one
ed cent for them. Then came the
nfiations such as swept the World.
The Human Side OF The Problem
The human or psychological side !