Salt Lake Telegram | 1927-11-18 | Page 6 | Reichsbank Head Backs Gilbert

fI HEAD ACKS B GILBERT ERLIN LIN Nov 18 AP AP Dr lm r Schacht president o ot of the they German Getman y today warn warned earned d 7 German public not to lea e unee un- un hee ee ed the recent warning warning of ot S S. parker r Gilbert agent general of ot separations reparations against excessive budgetary bud bud- etar expenditure Writing In the Deutsche I wirt Dr D- Schacht devotes half of oC bl article to a Justification of the crIticisms made by Mr 1 Gilbert which stirred up so much contro- contro tray ersy In Germany German The president of the has long been noted as a be believer believer be- be I liever in stern retrenchment for Germ Germany n expresses esses the opinion that th th semiannual reports reports' of the 1 agent general for reparations have 1 been read too little by German men t who ho followed the exo ex- ex tj roses poses o es and warnings of the agent I general from report to report must t report must have been filled tilled with grave for fore fore- J I bodings feedings as to whither a laissez f faire lre policy polley is driving us Dr Schacht wrote Nobody doubts German Germanys Germany's s will toI to I pay pay I reparations according to the 1 test best of her ability Dr Schacht writes rites adding But the Anglo- Anglo I Saxon demands self discipline and self-control self from his spiritual and ande e economic leaders Let us show that w possess a feeling of responsibility it ity c not only in business but also life Ufe and that we are areto willing to exercise iRP self control