Salt Lake Herald-Republican | 1920-07-06 | Page 1 | German Nation May 'Take Bankrupcty Act'

German Nation May Take Act By Karl Kart von W Wiegand Staff Stat Co Correspondent D B ERLIN July 5 The The new German governments government's delegation to Spa headed by Chancellor Fehrenbach and Foreign Minister Simon left for the tho Belgian meeting place Saturday evening fully prepared to declare Germanys Germany's economic bankruptcy if the allies obdurately insist on their demand for a aI I colossal German Garman indemnity v That Is IB the belief prevailing prevailing- not only In governmental g headquarters butin butIn but butin in the best Informed financial circles as w well ll Finance Minister Firths WIrth's ruthless dissection of or Germanys Germany's economic condition oon- oon with tho the statement nt that her ber debt Is 66 is considered Germanys Germany's opening gun Eun In her ber defense at Spa and the tho foundation of ot the position position position tion which her spokesmen will win take In their deliberations with the allied representatives rep rep- Failure In Is Pr Predicted Not In as many words perhaps butin but butIn butIn In effect the German cabinet will lay Its case caso before the tho allies much as a Do bankrupt firm would state estate Its case cose to toI Its creditors I Should Premiers Lloyd George orGe and or either insist upon mort mortgaging future futuro German gener generations as leading German newspapers put It it ItIs It ItIs itIs Is not Impossible that the German gov- gov will tell the tho allies that If It they think they can get moro more out of ot the German people than they can out of ot the government they can go ahead and try it it l Feeling Is almost universal hore here that tho the Spa conference will be a failure One Ono of ot the leading members of ot tho the French mission in Berlin who also went to Spa expressed himself very ery pessimistically to me roe before beloro his departure de de- de- de Tho The Germans Incidentally are fully tUlly aware that tho the allies fear the tho consequences conse conso- consequences which Germanys Germany's economic collapse would Inevitably bly have bave upon apon Europe as a a whole and tho German representatives at Spa may be bo counted upon to 10 play this card rd to Its Ita utmost Advantage nta e Conferences Conference Conf r nce- nce Del Heli What they are particularly anxious to do Is to enlighten the world particularly particularly par par- rl the French people whose le leaders over since the armistice have o been picturing Germany ns as a mysteriously mys ms mysteriously rich uncle who will be bo mado to disgorge his wealth upon the tho real status of ot the German pocketbook Germanys Germany's attitude at Spa was decided decided de do- upon b by a a. series of ot conferences here between the central government and premiers and ministers from the various states notably Premier Kahr of ot Bavaria It can be bo said th that t tho the voices of tho the South German statesmen were decisive In these conferences for South German Germany Germany Ger Ger- man many Is practically running tho the central central central cen cen- government for the time being In this connection it Is a noteworthy fact act that some some- of or the Important por portfolios port port- folios follos In the Berlin cabinet Including the tile foreign ministry ministry ministry minis minis- try tho the ministry of ot railways and that of or economics are arc held by South Ger Ger- mans It is a fore foregone conclusion that tho the Germans at Spa will turn down flatly lall any reparations lions totals such as ha have hae e been hinted at in the entente pre press ranging from to gold marks