Salt Lake Telegram | 1923-04-12 | Page 9 | Baruch Urges Altered Basis of Reparation

r BARUCH URGES ALTERED BASIS OF REPARATION By BRUCE BLIVEN j fc Copyright 1923 b by United Unite Press Pres i k NEW TEW W YORK April 12 German German reparations should b be fixed at about 00 Cash payment payment payment pay pay- ment should begin after arter two years at first consisting only of Interest at at 2 2 per cent and moving up on ona F a sliding scale to 5 6 or 6 G per cent with ah 1 l per cent amortization America and Gre Great i Britain should have the he keenest interest in seeing that the reparation figure is not placed elther too low o ox too high The depreciation of the fiS mark having haYing wiped out all aU internal internal inter- inter nal nal debts of practically every kind r ran an easily paid reparations total J. J would mean that Germany German could soon and without difficulty conquer con- con IF quer the foreign markets of the world due to the low fixed charges r- r ron on leer her Industry While the action of France in int occupying the Ruhr was Illegal and t nn an act of war she had no alternative the tive under existing conditions Her Heri Hernet Hernet t r i net has hns forced Germany German to re realize that she can no longer evade her r responsibility and the way has f. f thus been cl cleared ared on both sides to for lor a real settlement The foregoing are some of the c points in a discussion of the reparations question by Bernard M. M 1 Baruch former head of the war industries member of off V t American commission to negotiate negotiate peace and the supreme economic economic eco- eco f council and author of the making of the economic and reparations reparations reparations repa repa- rations section of the peace treaty Mr Baruch believes believes' the United States Is In honor bound to see kf 1 that the reparations question is Justly and humanly settled We 4 are under unfulfilled pledges tt K both to the allies ames and to G Germany to aid ald in securing a fair settlement settle settle- settlement ment he declares We promised Germany that If sue she would overthrow overthrow overthrow over over- throw throw her military autocracy we f would aid her In securing the place among U the e nations to which the genuine enuine German republic is eni en- en i titled We promised the allies ames that E t we would help to establish the ther r rule of or right over might on the theE k E continent of Europe Both these pledges we have failed to keep i. i For FoJ the deplorable conditions which r continue to exist we are as much responsible as anyone Above all France must get her and md the fullest reparation i i. i within the limits of or Germanys Germany's r ability to pay in order that she may nay restore her devastated area This security as i have said can best be obtained under a world organization orf or- or f c such as the league of i nations was intended to be and andr r can still be if all the great powers r f would sincerely put their strength behind it ft it