Show France Fears Move TT T 1 Dawes B B YAT Plan fr Against I JL Idilo Problem Opened Re-Opened By GERVILLE REACHE One of the Foremost Journalists of France Copyright 1927 1027 Consolidated Press Association IS Oct 22 Germanys Germany's Germanys Germany's foreign loans and the carrying PAn PARIS much ink to already dy have ha caused I out of the Dawes plan flow throughout the world Shortly these questions question will be be- become l acute o. o M eve sible that they will take a prominent place in American political discussion when congress convenes since Senator Carter Glass has declared that a law should be passed depriving the state department depar men of the privilege of vetoing private a le loans Europe to Europe and President t COOlidge Is 13 reported as saying that he ha h would veto such s an nn act So far as Europe Is s concerned this problem has re opened the whole reparations question which wl has labs lalib dormant since e the Dawes' Dawes plan was adopted The Coolidge administrations administration's tion's opposition to the Prussian pru lan loan of was overcome only by bythe byth the th insertion of a clause In the pros pros- prospectus prospectus prospectus invoking article No of tho the Versailles treaty and stipulating priority priority priority for the Dares Dawes payments over those of the loan The powers of the German foreign commission were also defined and a IL new system for con con- controlling controlling controlling trolling such loans was instituted giving givIng ing the German finance minister and the a preponderant vote ote DAWES' DAWES PLAN ATTACKED ATT Inthe meanwhile partisans In Eng Ens- England England land are seizing the opportunity to Is im impossible tin tin- Impossible pro m la that the Dawes' Dawes plan possible of execution and even the austere Times mentions the necessity revising of the plan and warns against too great liberality In la loans to Germany Ger Ger- Germany Germany many until the legal le al Interpretation of the peace treaty as s affected by the I Dawes' Dawes plan has bas been settled b Is Of Of course this British attitude warmly welcomed in Germany where there is a permanent conspiracy against the theand Dawes' Dawes plan Pan 1 But France and Belgium are arc beginning to be seri seri- seriously seriously seriously worried by this concealed threat to another voluntary bankruptcy by Germany to avoid old reparation Speeches Speech tike like that made by Herr at as atthe atal the annual Industrial al congress and the attitude of Minister of Public Eco Eco- Economics Economics Economics have created a most unfortunate impression here The prospect Is 13 still further darkened darkened dark dark- darkened ened by examination of tho the German budget bud et situation The budget for the tho tint first t four months of the fiscal year ear shows excess receipts of yet et for the whole whore year it Is said It would s show how a deficit because b use of very to tD obscure reasons such as failure collect certain taxes enormous re refunds re- re refunds refunds' refunds funds funds- to to states and towns and ond hold hold- holdovers holdovers holdovers overs of appropriations from one fis fiscal fis- fis fiscal cal year yeat to the next Yet authoritative German economists econom econom- economists economIsts have bave demonstrated that the tile re resources resource's re- re resources sources sources source's of the retch are sufficient to tome me meet t both reparation and foreign loan payments on condition that Germany Ger Ger- Germany many mapy continue production and ond export Germanys Germany's internal and external debt is 13 only half hall what It was before the war wars Last March It totaled 23 as against marks In 1913 and this re reduction re- re reduction reduction has greatly aided in rebuild rebuild- rebuilding rebuilding indus Indus- industrial IndustrIal In ing saving and regenerating meeting public trial dial capital and In expenditures tures Is One thing is certain and that that the consumption taxes pledged the tile thelast thelast during to execute the Dawes' Dawes plan double last three years have been what was expected There is no reason to believe that Germany cannot meet her obligation but it Is 15 not too early for the world to wake w ke up to this ques ques- question tion lion |