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Show GERMAN REPLY MEANS NAUGHT So Declares Andre Tardieu; I Teutons Committed to ' Nothing By ANDRE TARDirr I ..rnii-r HJrh t ommlMdonrr to America Sptlal ( able !u,,.u. I, to Tlie Mnnilnrd-Kxariilncr (Copyright IIJJ by Tne stand4rd. kx.'imlner PAltIS, June 3 Oermany reply on the reparations question means nothing no-thing Liko all German answers lnco ; many befan replying. It reminds one ol thfl ambiguity of the nots that VWlaon reoelvcd from nriin prlr to I Ain rlca'a entrance into the war True. It contalnH certain promises but they are based upon a hypothesis' which may not be realized and thua When the day of fulfillment arrives' Q man mn aay, i am not commit-te.l commit-te.l to anything." ti 1 said latt week. May 31. although al-though called tho final limit. wa3 not M e .lay of pitymcnt. but only the day nrhereon Germany must accept or re-Ject re-Ject i he reparnt!r)ns commission s conditions con-ditions for continuing the morn'orlum i boibxij me lc?- jstlon of fiduciary Inflation and the I exportation of capital. I On the tetentlal points and the stabilization of the mark Is as essential essen-tial to Germany aa to her creditors Wlrtlt's note formulates promlaes In principle, but leaves the realization to I further conversations The creditors seem to have forgotten that Germany 'could not refuse whatever conditions th" judged ln.llsponalble to putting Germany's finance! In order for article arti-cle ,.r inf Versailles lrnty stlp-Lulatcs stlp-Lulatcs clearly that Germany mut modify her laws, decrees and ordinances ordi-nances so as to assure complete execution ex-ecution of the reparations clauses Wlrth merely declares he will discuss dis-cuss with the reparations commission what must b? done Thus we find ourselves on the terrain of conversations conversa-tions and hypothesis abandoning the firm ground of law as defined by tho treaty. Furthermore Wirth'i note assumes an international loan which th" bankers bank-ers lm e not rnl Ihrnnsl, Hit. nnln I Nothing Ib less sure than thai 11 . )11 be pranted. The mandate of the banlc-icrs' banlc-icrs' committee Is very limited and the loan la a future placement extremely 'difficult to consummate within such limits The overwhelming probability I Is thai ihv banker-; wi l report the j loan Impossible on such conditions and in thai event it is undoubtahle that Wlrth who accepted the Hermes proposals pro-posals only ufter a long resistance, . will tak advarH.ige of Uie situation to withdraw his promises That. In my opinion, 1 the great drawback to these successive lmpro-rlalona lmpro-rlalona which for two years and a hnK hae been substituted for the pure land simple execution of the written contract bet wen the parties. In June 1928, It Is realized that fldulclary Inflation In-flation and exportation of capital are B dcadlj peril to Germany nml the nl-iihl.e nl-iihl.e h wasn't this realized in IHJ'i V.- waan'l Germany then bj virtue r.f arilrlo 2A required to take proper legislative and executive meaaurca to ftop inflation and exportation expor-tation of captlii which measures Wlrth today only promises to examine" exam-ine" Don't be astonished that a Frenchman asks these questions for at the moment of wilting Prance has advanced i;rht -fi e billion franca for Qcrmam'a account The interest on the loans whereby this money wan raised takes four and n half billion fran. s annually from the pockets of the French taxpayers, and before we finish with pensions and reconstruction, reconstruc-tion, we will hau ninety billions more to spend. oo |