Evening Star Newspaper, December 15, 1921, Page 37

FRENCH PROBLEN | RECONSTRUETON o Supersedes All Other Issues, Adviser to Parley Dele- gates Declares. By the Assoclated Press. . - NEW YORK, December 15.—The problem of reconstruction supersedes all others in France, Maurice Case- nave, chief financial adviser to the French dclegation at the arms con- fcrence, declared in an address today R R R TR before a dinner of the National Indus- trial Conference Board. The economic situation of France, he added, must necessarily be of interest to the whole viorld. M. Casenave described the recent Wiesbaden agreement between Ger- many and France as “the most mo- mentous of all negotlations since the treaty of Versafiles.” Nat to Ruin Germany. “It begins a collaboration with the ¥'ving, working Germany—with that part of G any which honestly Wants to pay its debts,” he declared. “It proves that France does not seek tc ruin Germany.” The Wiesbaden agreement. the speaker said, established a French committee, “or possibly a corpora- tion,” representing all the French sufferers of war damages. This cor- poraticn will receive orders from such sufferers for whatever materials they n.ay require for reconstruction, up to the sum of one‘million gold marks per annum. They will be handed by a French corporation to a committee or corporation of Germans which will | rcpresent g German manufac- | turers of a pes of materials, pay- nuent for these materials in Germany | being made at the price of the ma- | terial bought on the French internal rarket. he German committee or corpora- according to further outline of an by M. Casenave, will open a dit_in Germany on behalf of the! rench committee or corporation of | an amount of seven billion gold marks, to be repaid in 1936. % Payment Explained. The German seller will be paid by the German organization, the amount of each payment being placed to the credit of the German government and } deducted from the German debt. In- terest at 5 per cent will be paid to Germany, M. Casenave said, because of the anticipated payments which | she is to make, and if in 1936, the | date of the maturity of the said cred- it, “the rights of France to indemnity | have not reached the sum of 7,000,- 000,000 gold marks, France shali pay in ‘cash the difference between the amount of the indemnity due her and | the said sum of 7,000.000,000 marks." “One can see that this agreement has the great advantage of bringing the question of reparations from the financial to the economic ground,” the speaker continued. “France knows that all hope of being paid the debt owed to her is in the com- mercial rehabilitation of Germany, which 1s intimately bound up with the rehabilitation and stabilization of { the mark. Anything which can bring this result will be considered by France with a favorable eye. Cites Obstacles. A B B R R R S B B R B S S R L R S S S T S A A AR B B A S SR B SR S S RS “Contrary to prevailing rumors, France from the very beginning tried | to organize a practical settlement of reparations with the allies as well as with Germany. ¥ “The treaty of Versailles provided for reparations in specie and in goods, but numerous obstacles, mate- rial as well as moral, stoad in the way of their fulfillment. Only time and experience could furnish means to_overcome these obstacles. “This is the reason why we began by financing reparations out of our own resources and without waiting un- til Germany would be ready to_pay. . ‘Time has proven that Germany could not pay reparations in money, and that an arrangement for pay- | ments, partly in goods, was neces- | sary. Ultimatum Necessary. “A first attempt was made in this direction by the Brussels conference in December, 1920, and in January, 1921, but the attitude of the Faren- bach cabinet, and particularly of the foreign minister, Dr. Simons, did not permit the application of this elab- orated scheme, and a unitateral plan was imposed on Germany, the fulfill- ment of which made necessary an ul- timatum, together with the menace of the occupation of the Ruhr and some economic sanctions. “These sanctions have since been lifted after the first manifestation of good will made by Germany, and, as soon as the Wirth cabinet was formed Mr. Loucheur, French minister of the liberated regions, renewed the eco- nomic parleys and met Mr. Rathenau in the negotiations which resulted in the Wiesbaden agreement.” NAVAL AIR MEN DROPPED. PENSACOLA, Fla., December 15.— Two hundred eniisted men at the naval air station here have recelved discharges this week. It is expected that more will be let out, aboutl twenty-five men a day receiving dis- charges. Judge a Wrist Watch by its Movement First; Appear- ance, Second. Elgin, Waltham and Gruen movements, in gold filled cases— $25 to $42.50 “The same movements in 14-kt. solid gold cases of distinction— $35 to $80 — “Washington—The Most Livable City in America” HEN WE SELL W A PROPERTY, | ll —our interest in the | deal is not finished, but | continues indefiintely. ° We maintain “Maxi- | mum Service.” Take the time to in- vestigate the several new House offers we are making lt'preleu'. | MeEvER=cosg | | REALTORS 1405 Eye Street NW. Main 52 DAY, DECEMBER 15, 1921. ~ 37 MITURE COssasasal-oriniehasasas 1 he Hub Is All Ready for Friday’s Shoppers : With Vast Stocks of Holiday Merchandise, Helpful Service and Liberal Credit Terms-PAY NEXT YEAR F R E E With Every Sellers Kitchen Cabinet—A 26- Metal Carpet Sweeper : Piece Set Wm. 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