Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-12
GERMANY WEIGHS
SPARTAN Moves
.AII-Night Meeting Fails to
Evolve Plan to Avert
Financial Crash.
Continued From First pageo

discount credit and the rediscount credit
from abroad.
On wednesday the demand for for
/, currencies was 100000, on
Thursday 100000 and on Friday an
other 100000. Yesterdays run fig.
the banks money barrel.
While considering measures to be
taken II tomorrow arrives without
definite assurance of help from abroad,
the government lost no time in adj
vising Great Britain and the United
States, through diplomatic channels, OF
the gravity OF the situation.
The keenest interest Is shown in q
report which arrived late last night
from Washington to the effect that Q
new movement by President Hoover
might be expected.
As the ministers carried on their dis.
cussions, the lights were also burning
at the American embassy, where AM
hassador Sackett was remaining, keep.
ing In the closest touch with the devel-
opmentS. Events during the past few
days have been timed in minutes rather
than In hours and days.
Frances Conditions.
The conditions attached to the grant,
ing of the foreign, loan, DR.. Luther was
his return from Paris, are:
Suspension Of the program for build
ing vest-pocket battle cruisers.
Abandonment Of the proposed Austro-
German custom union.
Further credit restrictions in Ger
many.
Inauguration Of measures to prevent
the flight Of capital.
Creation of "Locarno of the East, )"
ny nfHov rA1{ra lie aYsaa mt
for all time of any hope of regaining
Danzig and the Danzig corridor.
Rather than submit TO the French
demand. 1t was learned from reliable
authority, not only Chancellor Bruen-
ing, but President Won Hindenburg HIM
self, would resign.
Bitter Attitude Toward France.
The first press comments on DR..
Luther's return, with few exceptions,
were characterized by an unusually bit
eral tenor of the comment was that 1t
is scarcely understandable how, in the
midst of such q critical situation,
threatening not only Germany, but the
rest of the world, France could seize
an opportunity TO demand political con-
cessions of Germany, the nation, 1t was
said. which would be hit worst by a
crisis.
The democratic Boersen Courier ac-
cuses France of trying. after nipping
the psychological effect Of the Hoover
plan in the bud" to use credit action
as a club Ito break Germany's political
backbone and force her into state Of
permanent dependence"
The Frankfurter Zeitung and other
papers described the present situation
as q sequel to the wild attack against
Austria at the time of the recent
Creditanstalt failure"
The Vossische Zeitung warns France
that concessions forced from Germany
under financial pressure would not only
be worthless as far as needed Franco
German reconciliation Is concerned,
but would inevitably throw Germany
into the hands of political adventures :"
1t is up to France, the paper says. to
prevent this greatest postwar dis
aSter."
The Centrist newspaper Germania,
organ of Chancellor Brusning's party,
although unhesitatingly condemning
the attitude Of France, hurts tn. Bit
terest accusations at Hugenberg and
Hitler, Nationalist and National Social
list leaders, who, 1t charged, have not
the moral strength. even during these
few days in which the peril of the
n,
silence temporarily the voice Of their
hatred.
They resemble to hair" the paper
added, those super-patriots in France
who see in q German catastrophe moth.
ing but opportunity. . +" But II Ger
many fails, then Europe will collapse
with her"
Other Newspaper Comment.
"The dream is over" the Nationalist
Boersen Zeitung said. However, we
must not blame President Hoover He
meant well. He certainly did not
mean to deliver us over to the French
knife. But. unfortunately, that's what
has come of It,"
The extreme Nationalist Deutsche
Zeitung carries an appeal signed by the
Pan-German Union, declaring that
Germany has been carried "to the edge
Of abyss by the fulfillment of the gov
ernment's policy in foreign affairs and
Marxism at home" and that the only
hope Is the outsing Of the present re-
gime and the creation of q Nationalist
government.
In vivid contrast t. these views Is
the advice Of the Democratic Tageblatt,
which advised the public and the gov
eminent to restrain their anger and to
consider the possibility Of meeting
France half way. Only with France,
and not against her." the paper said,
could Germany make real progress"
Among the heads CT Leading banks
who were called into the conference
after midnight were Oskar Wasser-
mann and Georg Solmsen of the
Deutschebank und Disconto Gesell-
Schaft Curt SObernheim of Comuoerz