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Show THE SALT LAKE TRIBUNE, SUNDAY MORNING, JULY 30, 1922. value to 4he Trench, hut the fact ie that every eonaitue Englishman now know that since Omnwy .an pav only In rood and In irooi! precisely auch ea UriUun joakrta, Britain coc.J only accf cept pejment repreaentltut her Ovrman ramratlons l.y closing her own factorlea and loylng off her own worker until those nooita hud been consumed. Thua the renunciation of the t2 per cent share In Herman reparatlone (lues r.ot In roalitv represent a aur render of real values. ah.-vr- Power to Pay Limited. A to the Trench debt to Britain of $2,7l0.0'0,(i0 which It la proponed to cancel, thia dote. In a kim, represent real values. But a little examination of reveals the same situation here. There hi now general agreeemnt In the I world that too sum of $bl,5i0,(00,ii00 maximum of probably the reasonable be can can and made to what Germany pay. A I I uve often remarked before, thie Was the figure advocated by our own financt.il representative In Paris in 1919, But If the reparations wwe reduced to this future and no romponaaUon afforded Trame. then the Trench would actually receive from Germany ably Just enough to pay Great Britain and the United States what she borrowed during the war. There has been an enormous misunderstanding ot the Trenah position here, much honest but some deliberate and malicious, so I shall "try to clear up this The agreement of London In situation. 1921 flaed the total of German reparations at $33,000,000 000 and the respective shares of the nations most concerned Uiua: France, 62 per cent; Britain, 22 fer cent, Italy, 10 per cent, $md Belgium, I per cent. Under this (arrangement Trance would have received approximately $t8 000 OOOtOCO. Aa she owed Britain $2 700.0CO 000 and the United States $3,600,000,000, or $0,300,000,000 In the agwould have received a net gregate, she of $ n,;.oo, eoovoooo. fut-ur- Refusal of United States $ to ? v Cancel " Threatens r Obligations Bankruptcy. England and France Nego tiating Plan for Reducing Demands for Reparation. T .v By TRANK SIMONDS. W ASHING TON, July A few days .ego the cable announced that negotiations were fa progress between Great Britain and Trance for a genera! liquidation of the whole German reparations problem. The basis 'of thrduwunslmis. It iwajr sorted, was as follows Great Brit9 tain was to cancel her leans f $2.700, to Francs, resign her 22 per cent share 'of the total of German reparations to sum of reparatlone was France apd-ih- e to be reduced from 133,000,000,000 to JK 1 -- 0u0,-sX- O 000,000. t Tentative as all proposals are at the il moment, it seems to me that this ! marks the most considerable prog-tfft- n we have yet made In more, than '.three yeere tov ird a possible solution of the world e worst remaining war problem. It seems the beet because It Is the advanced widen In any first measure undertakes to divide the burden ot reducing German reparatlone; hitherto in liropof.yJs have been for the benefit of the IWitish and the United States and At the expense of Franc and Belgium, that Is of the countries which bore the burden of invasion ami of German devastations. 11 JHeek to Restore Trade. Ij Examining the new proposal more In detail we see that the British objective Is ito restorq world trade and get rid of Gorman competition, which la terribly because the depreciation the ( hierman mark closes the German market to the British and enable the Gor. pnar.a to undersell the British In the home markets of tho United kingdom. ( On the face of it the British would (appear to be surrendering Reconstruction Just Begun. So far France's expenditure for reconstruction and pensions for war victims hate totaled $7,000,000,000, and a very great work of reconstruction still remainsv to be achieved; the railways, canals, factories and si hool have been rebuilt, houses only partially destroyed have been In moat case restored, but the reconstruction of private houses and public buildings is still mainly to be done. It will be seen, then, that the sum that remains to Trance would not be excessive for completion of the work of rebuilding But If the sum of German reparations Is to be reduced to $12,500, OeO.OOO and no' change in the allotment of ehares were made, what would the situation be? The Trench share of 62 per cent would be 730,000.000. of which $.500,000,000 would $, have Immediately to be turned over to the United States and Great Britain to pay loans, leaving the ridiculous sum of to balance a present expenditure of $7,000,000,000 for reconstruction of the devastated area and for war pensions. hiith-Wty- Would Still Lose. hear the assertion solemnly made that the French must sooner or later bow to the logic of events and that they would be wise to see that it la for their Interest to consent to a reduction of reparations that they may. get a smaller sum instead of getting nothing, but you less frequently hear It said that You constantly of something - a reduction of the reparations total to now thst thia Is Impossible. Is fact, they the limit of a bat is now held possible have discovered, at last, that we are not would result in reducing the actual Trench going to Intervene directly In Europe and & to a . mere that they will have to act alone. Moreshare from' Ill.otiu.pOO.OOO over, iccent events In Germany have i CM) 00 satisfied them that they can wait no Assume, however, that the present prowill receive Trance . Then carries. longer posal not only her own 52 per cent, hut the Assuming that It would be possible, British 2 per rent and In addition will under the proposed plan, to reduce the total of German reparations to $12,600 profit by the cancellation by the British of the Trench debt. Then Trance will 000,000, a aim Germany offered to pay on more than on occasion, than, obvireceive 74 per Cent of the new total of reparatlone. which Is ously, it would be a simple matter to float 99.250 000 000, but she will still have to an International loan for a portion of this total, thu providing for a morapay $3,600,000,000 to the United Plates, 000, aa torium and the whole reparations leaving her a net of setting against $7,000,000,004 already spent for re matter out of tho domain of politic. construction and pensions and $4,600,000,-00- 0 still to be expended. Would Remove Army. But tho poUtlral circumstances of the Would Pay for Rebuilding. lesa Important arrangement are At this point, however, a new element than the financial. hardly Wo have hoard lees enters Into the calculation. Of the about them 4n the bribf discussions of already spent by the Trench " for tha negotiations, so far, but i venture to war reconstruction and penstortw, my guess that they will consist of two n friend Thlllppe Millet, editor of the Peti an agreement on the part of Brithalf than that estimate law Farlsien, ain to come to th aid of France and can be charged to actual rebuilding, the Belgl im in case of unwarranted rest going for pensions. Assuming, then, attack by Germany, another and a pledge to assothat this earn ratio would hold for what ciate herself with France and Belgium In remains to- be ent, the cost of rebuildseeing that Germany actually does pering the French ruins, aa contrasted with form under tho hew adjustment. the combined costs of reconstruction and To balance this, Britain will certainly pensions, would be around $6,600, OOO.OoO. Insist upon a French evacuation of all of or substantially the sum which would tho occupied of Germany rave come to Trance under the new arrange- only tho Sarr territory and tho removal of valley, ment. all of use of tho French the By contrast. If tho United Btates were armypossibility as a consequence against Germany the British of prepared to consent to follow by tho Gormans of example and cancel the Trenah Indebta In agreement. word, th Britedness to the American treasury for war treaty ish will Franco and Belgium an loans, France would then get Intact $9, assurance give In of support case of danger 460,000,000 from Germany, and this sum and a aid in enforcing Gerwhile falling short of the actual costs of man guarantee ofunder new settleth performance would her pensions and reconstruction, ment, but they will equally surely1 Inmat both represent a very considerable sum th of removal a upon the threat the largest she could hope for and at fresh recourse to arms and of that qf conthe same time would help her out of the stant menace to In peace which la found most of her Immediate daingera tha presence in Germany of armies of -- O $6,4-0,0- O America Stands In Way. If the British proposal of the present moment, on Its purely financial side, should fall through. It will be because of this American town feature. And If we Insist upoif present payment of this loan, of-- course the British proposal will fall The alternative is obviously through some postponement of Trench payment the day when France shall have against rebuilt her ruins and escaped from th present situation resulting from the Gsr naan attack upoh her. Patently th British have hoped and hope that th United States will follow their example. They purpose to repay u the $6,000,000,000 which they borrowed, but'tnev now perfectly well that neither the Trench nor the Italians can repay ua save out of German funds, and that If the costs of repayments to America are added to the costs of reconstruction, then there will be no escape from the present situation hi which Germany Is cfcvtously sinking to a final collapse, the cons q uence of which no man can foresee. -- International Loan Possible. Fur three years the British have hoped that we would come In with them In reorganising the financial situation In Europe and Imposing political conditions as well. They know now that such a hope la out of the reckoning. They have hoped that we would Join them In a mutual cancellation of debts, canceling what they owed us, as they canceled what the continent owed them. They know 2 Q The Denver & Rio Gran'de Western .Railroad System Office of the Receiver COMPETENT WORKERS To Take the Places of Strikers STEADY JOBS STANDARD WAGES AS PRESCRIBED BY THE UNITED STATES RAILROAD LABOR BOARD SALT LAKES proposal. As late as ths recent Washington conference the British still believed that w would return to Europe and that we would participate in a general financial readjustment of the world, one det&U of w hten would be a mutual cancellation of allied loans. For at least two years the British have known that they would ultimately have to cancel their loan to the continental nations, but they have delayed In tho hope that we would assist by Cancelling goth our loans to th continent and to Britain, n , reparation tangle. Such a refusal, Machinists' ' ' Helpers, Apprentices, Pi it t 51 to 59 cents 27 to 51 cents Differentials of per hour, per hour. 4.08 2.16 nwroeover, will he a concession to Ignorance, for only through German reparations can we be Paid by Franca Italy or Belgium,areand only then.a If German reparations kept above level which makes anv real adjustment of effect such postAnd tha possible. ponement of settlement mut bo a rapid restriction of our continental market, for Oermany, unless she does escape soon from the reparations morass. Is bound to collapse, while French bankruptcy Is only postponed by a I.new thin hop of German payments. to 4.72 lit eight hours to 4.03 for egiht hours cents per hour over the foregoingrates are paid to mechanical craftsmen on night shifts, and differentials of fi cents to 10 cents per hour in excess of the foregoing rates are paid to highly skilled positions in the mechanical crafts. - 3 ' - I Would Facilitate Payments. tt will be a long stop forward if wo can arrive at a cancellation of the British Briti I In accordance with announcement by. the United States Labor Board 3, old men remaining and new men accepting employment are within j their rights and are not strikebreakers, t They have the moral and legal right to engage in railroad service and will have protection of every department and branch of the Government, National, State and Municipal. . J aly If loan to franco and a transfer of th ish share of reparations to France. It will be In effect eliminating ths' Item of pensions and reducing reparations to ths amount necessary to rebuild actual war destructions of property. Th British have substantially no devastation and they have profited largely In th colonies end German taking ofasGerman well. Therefor such a move shipping would be on of simple Justice. In point of faot, once the adjustment wer made nothing Is more likely than between that th Wiesbaden agreement Rathenau and Loucheur would bo put Into bv and payments largo very operation Germany to Franc In the shape of goc1 a Germans Thus th might would begin. materials Very well supply most of th and a portion of th labor for the reconstruction of tho houses of the Inhabitants of th devastated area. The men who have remained in the employ of the Denver & Rio Grande Western Railroad and who are now taking service, are not merely loyal to the company; they are proving their loyalty to the Public and the Govern, ment. They are not scabs," but they are at work under the protection of the law and the Labor Board, and this company intends to keep faith with them to the end. . . . Applicants for work should apply a. ' C. Stevens, Shop gupt, Burnham Shops, Denver, Colo. W. E. Hlgglnson, Foreman, Colorado Springs, Colo. Walter Roberts, Master Mechanic, Pueblo, Colo. Local Agent, Trinidad, Colo. Local Agent, Florence, Colo. Local Agent, Canon City, Colo. E. O. Haskins, Master Mechanic, Salida, Cola Local Agent, Leadvlile, Colo. Local Agent, Aspen, Colo. O. C. Oates, Foreman, Montrose, Colo. v at the office of: Herman Welrtck, Foreman, Gnnnleon, Cola' F. T. Owens, Master Mechanic, Grand Junction, Cola E. C. Howerton, Master Mechanic, Alamosa, Cola Local Agent, Durango, Colo. C. B. Carpenter, Superintendent, Bldgway, Cola Local Agent, Telluride, Colo. Local Agent, Santa Fa Hew Mexico. D. G. Cunningham, Asst. Supt. M. P Salt Lake City, Utah. Local Agent, Provo, Utah. J. C. Richmond, Foreman, Ogden, Utah. Local Agent, Pries, Utah. - JOSEPH H. YOUNG, Receiver Denver, Colorado July 22, 1922, (The Denver & Rio Grand Western Railroad System 3 D '.Twill Be an Event Worth Waiting For Date Will Bo Announced in a Few Day Watch! $260,000,009 against $7,000,000,000 already spent and mors than $4,000,000,000 which must still be expended. This le a typical I MUCH-AWAITE- Clearance of Haft Schaffner & Marx Suits for Men and Young Men All tho proposals which have so far been made, up to th last, placed all the burden upon France and denied her even that military security which was for her quit as Important aa financial reparation!. I have shown tn the present article tnat the mere reduction of ths reparation to a possible figure without the elimination of loans would net Francs but If the present discussion load anywhere, aa It we I may, we are going to arrive at a situation, before very long. In which the position of the United (Hates In the matter of French Indebtedness and Italian and Belgian as well. Is going to earn us unenviable notoriety. When England cancels her continental loans and pays ua what she owes us for loans advanced to her, then we shall hav to ray proposal to cancel ths yea or no 16 French and Belgian loans and our refusal, which may be assumed, may easily prevent any present adjustment of th whole N CLOTHING SALE Hoped for U. S. Aid. America Holds Key. S o on! WAIT!! After all, we come back now to the practical dement in th peace problem which have never changed, the elements of reparatlone and of security. No settlement which one could call a settlement haa yet been had because these queetlons have not been fairly faced. A to th question of reparations. It haa never hitherto been possible to deal with it on Its merits because the British have never been willing to acE without American , cooperation. Lloyd George at Paris, because of hi then recent campaign pledges. Initiated that th sum of reparation should be high enough to let the British have a substantial fraction, and this could only bo achieved by Including pensions. But ones this figure was fixed at an exces slv point and the United Btates had fu!t th European field, the single road of escape was by British resignation of tho share which Lloyd George had brought back from Faria, to keep his campaign pledge Today It la clear that the British are at loot prepared to act without us, both In the matter of cancellation and In that of giving a promise to back Francs In case of fresh German aggression. What remains to bo soon is whether It la possible for Britain, alone, to turn the trick. I mean, whether with the American claims on France, Belgium and Italy attll uncaitoelled, tho two former will res to tho reduction of tho sum total As reparations which Is necessary for Italy, If Britain cancels the Italian debt to her, she can easily ask the Italians to return to cancel their share of German reparation which Is about th , same figure. All of this discussion, however, assumes much too easily that when reparation are reduced from $33,000,000,000 to $12,. 604,000,000 Oermany will pay. If she refuses, If she discloses the same bad faith which has marked every step she has so far taken, then, after all, we shall presently be in the same fix. for It wljl be neebssary to use force to compel her, and tho use of force wilt destroy that condition of economic peace, to obtain which th British are now ready to make considerable1 sacrifices. WANTED Coming Old Questions Remain. Arthur Frank s Hart Schaffner &. Marx Clothes" Shop 210 South Main Street. y v:. German Faith Assured. 1' Hart SchafFner IkMsrx Clothes -- dlvt-slo- It : r attack upon Franc which has accompanied them has been tha practical unification of th French people, ttaalmst any foreign proposal and ths creation in Fkance of the notion that the outside world was seeking to serve Its own commercial Interests, and that even to the extent of rehabilitating Germany, mainly, If not wholly, at French expense. French expectations have been hopeThey will have to be lessly exaggerated. French British Realize Truths. reduced materially. military of German territory la not To sum up ths situation It seems to occupation menace to a a bar actual but peace, ms patent that France and Belgium only Yet until Franco, and Bel- ahen id receive from Oermany enough to to FVance. enable them to rebuild tlielr ruins and repair their dev agitated arras. This is a matter of right pure and simple, in view of th tact that they wer attacked by W. Germany and the attack was unprovoked. Th other nations who participated In th war should not by Insisting upon French and Belgian repayment of loans actually maintain th sum of German makes all reparations st a point which th world keeps payments Impossible, In an uproar and prepares th way for new catastrophe the Th British hav recognised truths and are prepared to do their part Mid of French Belgian by cancellation loans and by th assignment to France of th British shore in Gw mail reparations. They have algo accepted the necessity to repay what they borrowed from th United BtateS and are reported ar-to after making such be preparing, rangements a are necessary for such repayment, to ttrg upon tho United State the cancellation of our claims against Franca and probably against Italy. Cancellation by th Brltlnh of their loans tb of Italy and similar Italian cancellation claims upon Gorman reparations will exand of share reparations tinguish Italy's m id a tones by ti upon Italian theretbr payment to us doe not affect the reparations matter. But wo could hardly let France oft and Insist upon Italian payment and there la not th remotest chance that Italy can ever pay. If German reparation Were reduced to 3. 600.000 one Slid divided. Francs to receive $10, COO, X). 000 and Belgium rewer and neither country debts to Britain or to quired to pay any tha United Btat--e, we shou'd hav arrived at a aum, regarded as poestbe for Oermany to pay, a sum which coild in-be made th bast of hiternfttlonal loan suring Gorman a inoritorlum and taking th question qf reparation out ot polwi reparations. The French share per cent of $390,000,1X10 and this amount was exactly what the annual charge of th American and British loans to France would be under the plan of the American cocgresu, which requited per th loon to Trance should bear 4 cent Interest and be liquidated within twentv-fiv- e year Th French under this adjustment would not receive a cent. of 62 J. (Bill) OConnor glum as well, has some guarantee ef ultimate payment and present .security against attack, such occupation I inevitable. If Gorman raparationa became a matter of International loans and Franc had th assurance of British aid In case of German attack, th Justification for tha army ot occupation would poos. Wht Franc has so for lacked Is !ther tha certainty of reparations or th assuranos ot security. Most Act Quickly. It may be that In view ef th American attitude upon MUed loans th sum of German reparations will first be reduced to an Intermediate figur which theoretically enable Franc both to meet her costs of reconstruction and her American debt. This wlk be. In a sense, unfortunate, because such a reduction will satisfy neither the international Investing public nor ths Germans, who will continue to refuse to pay, finding support In th world verdict that the sum 1 still toe largo. Such a reduction would, then, accomplish little positive, although it would mark a step In th right direction. Th trouble Is that the German situation, th whole European situation, is becoming too pressed. Time runs for anarchy and bankruptcy and the latter is ths mors Even now general and lnevlt&hkrdahger. mav b too n$xt year It almost will certainly b.lts (Copyright, 1123. by thi McClure News- -, Paper Byndloate.) f , Say Bayer and Insist! CD itico. Troops Could Withdraw. In return for such concession snd In further return for on agreement on the to support France snd part of Britain Belgium wHh adequate military toforces Join In css of German attack and In compelling Gernation with thee many to pay up under the new agreement, 1 bellev French and Belgian, as and British troop well as American should bo withdrawn from all f German territory, with the exception of the Karre basin. If th United States stand rgldly for the full payment of all European loans and of Trench and Belgian in particular, of two things will happen, then On either the French and Belgians will have to bear some of the coets of rebuilding to Inthemselves or thsv will contlnu sist that th total of German reparaBenefit to France. tions be fixed at a sum higher than A between Trance and Oermany the Conceivably th additional situation Is rather different than that advantage of a British pledg of military between Britain and Germany for Franca aid will Incline them to accent the former la not a competitor ( Germany In world solution; but thl Is excessively doubtmarkets, except tn a limited measure, ful. and German participation In reconstruction work would not deprive Frenchmen French SkepticaL of their Jobs, for It would bo an abnormal p In any event. It would Seem that operation, outside the area of usual lala marching toward a reel effort still be bor. Thus the Frenchmen would -and achieve to adjustment adjustment, occupied with their regular tasks and would not be disturbed by German par- without reference to th United Btates Th obstacles. Including the American, affair. ticipation In the reparations In th end, if there Is a i solution of remali considerable. Indeed, but for the allied loans, an adjustment th reparations tangle at all k must ob- American reached promptly. But meanviously be found tn the scaling down of might bela least necessary for Amerlea us at nee time total it anaxhe reparations But fhs scaling icans to percelv the truth, namely, that of international loans, down Is not possible while GerlWqny is the present proposal la th first which relieved of Immense I unices and Fiance allowed the French any substantial sum Is atlll required to bear her equally grehf for reconstruction, or, indeed, any more Take one more illustration of1 'than enough to pav debts to the United se.ghta this sort of thing. Under the London Btates and Great Britain. agreement of 121 Germany wax required Oris, of the worst consequences of the nv $750,iWi.000 annually on account past proposals and the propaganda ot Eu-ro- Popular newspaper man. who hu been appointed manager of Kinema theater. W. J. (BUD O'Connor, prominent mem- ber of the neap)Pr fraternity and recently dramatic editor ef the Salt Istke Telegram, has been appointed manager of the Klnema , theater by E. H, Goldstein, executive of the Klnema Theater company, who Is now In New York City. Mr. O'Connor Is wot unknown In this cltv ss a theater manager, having for several seasons conducted the Hippodrome theater, when th CJonJnger players were appearing there In stock productions. O'Connor has also teen connected with the Salt Lake City baseball teonv and served for two years as the business Mr. O Connor head of that organization, will be remembered as the producer of dances at the Bonnsvllle pavilion for sev. eral years, and takes over the Klrani theater tomorrow. Mr. O'Connor Intends making th Klnema theater the theater beautiful of th city. A number of decorators are now working at the theater during th night, under his direction, snd it is hoped to make ths popular show house on ot the most attractive little theaters tn the west Effective next Saturday, th new manager will open the new pirture for th week or Saturdays, Instead of the usual Sunday first showing. Only fnt-ru- n productions wilt b screened, and th very best sireeti material on the open market will be presented for theatergoers. "You might tell my friends tn the city," Mr. O Connor said yesterday, "that 1 want them to share with roe In the selection of screen entertainment. No one tn th cltv will ever find the office door closed. There will always be a warm welcoma for everyone. (Advt- Unless yon gee the name .Bayer" on package or on tablets you arg not getting the genuine Bayer product prescribed by physicians over twenty-tw- o yeare and proved eafe by million for Cold Headache . Tootheeb Lumbago Earache. Rheumatism Neuralgia Pain, Pain Aceept only Beyer" package which contains proper directions. Handy boxes of twelve tablet cost few cents. Druggists also sell bottIee-of-and 100. Aspirin it the trade mark of Bayer Manufacture of Monoecsticaeideeter of Salicylieacid. . (Advertisement.) 24 PI THE DISTRICT COURT OF THE Third Judicial district In and for 8alt Lftk In tha county, sts t of Utah. matter of th application of the Simon Investment company tor disso- blk lution. Notlca. Notice is hereby given that an application has been filed In said court by tha L. A A Simon Investment company for a decree dissolving It as A oorporation, and that the aam will be heard by th court on the day of August, 1922, m. of said day, at tb at 10 o'clpi-snd County building, in Salt Lake City Clv, Utah. Dated July 192! fSeal CLAP.FNCE COWAN. Clerk. By Joseph Wlblant Curtis, Deputy n tth !. wiS04 s |