OCR Text |
Show GERMANY ASKS A MORATORIUM Government Says It Must Have 'Breathing- Spell' to Avert Crash. B7 8. I WEYBR 1 nU-rnatloiial New. SOsTVloe BERL.IX July 8 - Germany temporarily tempor-arily "broke ' today asked for a moratorium mor-atorium on cash payments of Indemnity Indem-nity to the allies The German government claimed it must have a "breathing speii" if a financial fi-nancial crash Is to be averted. "ierman officials claim, however, that Germany can weather the storm if the allies give aid eltner credits or a suspension of cash reparations payment pay-ment Dr. Hermes of ino ministry of finance brands as "pure Invention" reports re-ports that the nation Is bankrupt Secretaries of stole Schroeder and Fischer have been ordered to go to Parle a( "ice and lay Germany's plight before the Inter-allici reparations' . oinmisslon. Thov will present data Upon which Germany bases hor request re-quest for a moratorium. In view of tho anxiety which Is sJ-readj sJ-readj apparent In allied countries over tno Gorman financial situation, Gor-I Gor-I man officials are hopeful that the reparations rep-arations commission will give assistance assist-ance In Borne for or other. It Is understood that Germany already al-ready has sufficient funds on hand to make tho July payment of $10,000,000 But the present rapid decline In the Value Of the German mark Is causing deep pessimism. M RK GOKvS DOWN MBW Y ( HtK. July I ( International Internation-al N'ews Service) The German mark again showed extreme uakness In the exchange market today, due to reports of impending Gorman bankruptcy It j was possible to buy about 656 German (marks for one American dollar. The pre-war value of the German mar I woe 14 cents. RECEIVES NO WORD. LONDON juiy j Treasury officials declared tonight that they hud no official of-ficial advice concerning Germany's request re-quest for a moratorium on gold pa rneiit--, on Indemnity According to v or, i from Paris where the Inter-oUiOd reparation, commission ha Its headquarters. head-quarters. Germany purposes to in. . . all the Indemnity puynn nts due lh( year out seeks a suspension of pa -nientH during 1923 and 1924 A news agencv dlapateh from Ber- i lln lato tonlghl said: "It Is semi-offlclnlly announced that two German experts an. going to Pari to ask the reparations commission for' a moraratorlum enabling Germany to i spread ii r cash payments over a long- : er period. Germany is ready to make the ngre'-.i payments until the end of thlM year, but demands that the 1923 and l!24 specie payments be remitted. Tlie Gcrmunp ayments In tho.se years I would be in good . or In some other I form. iLsldo from casli ." MOM-TV ASSEMBLED BKKI.iI N', JulyS (By the Asso-! plated Pre.) The fifty million gold, marks required to meet the July statement state-ment of Germany's reparations payments pay-ments were gathered in the rclchs-bank rclchs-bank before them ark entered on Its present headlong plunge |