Evening Star Newspaper, April 20, 1924, Page 11

DAWES PLAN BENEFIT TImmediate Trade Boost Seem in Germany's Acceptance in Principle. | ELECTIONS ARE WATCHED Reparations Payments Still to Be Worked Out. BY HARDEN COLFAX. American prosperity will be af- focted. for years to come by the fate of the Dawes plan for working out Germany’s problems. The plan is practical. Its acceptance in principle was agcompanied by a revival of for- eign trade not only with Germany + but with most of rope. An even greater revival seems ahead. Such are the views of government officials here. Th officials believ: that the Dawes plan has opened the door to & new day of peace and pros- perity in European industry and pnl- itics, Details for applying the plan must be worked out. Th promise to bring their quota of crises and| troubles But the main thing as seen here is acceptance of the principles of the plan. With that assured, skill and patience in applying it probably | will mean success. Tenefits Are Seen. And with as high officials future, will come, in ple currency in activity, gradual discharge of 1 obligatic and-—of dir. n business—ber rkets for ates reparatic intérest 1o = and more almost 45 to sell erce Department re- ports American business with Europe is incre To Germany | have gone incre. shipments of foodBtulls, cottn anufactured arti- | ‘tjes and other modities. From ‘¥érmany have come more wearing apparel. toys, laces, china and other comimodi he' curve on the charts ha< moved upward ¢ sinee Novembar belioved here, interes Dawes plan. not ‘even o when Germ hat currenc plan hough the plan was ed last November, decided to stahili . Plain indications would come nterests read the to “talk turke e to were | Germany., Ens. was and get working out Preparing down i problen Market for U. S. Products. Americin Eoing by u and to Prissia and Bavaria, automobiles lie by . the SeFman docks. awaiting | import prohibition. to | within ‘a tav: awesks. | @ lifting of be ‘announced And a autom tod Amuric and manufacluring cities for | the purpose of arranging to send over other shipioads of American cars, The Daw it is beliaved hare, will re increasing this and other. trade iermany and assuring of as trad business I many, urope, | 11 European imately situation | languish | ing eco- ttee of German is on its way | visit Detroit | our future >und that Europe as long 3 nomicall Three b sick & details plan vet remain to How much it will b allled withe Rhineland- disposcd of conmmissions of the Dawes be worked out. must pay, how | nd the (extent of &1 from the Ruhr and | thee are subjects to be undur the plan by other which are vet to come. Elections Are Import | ext development of conse-| us ecn here, are the 1 Germany and France. The former is held May 4, the latter May 11. T orman election will | react on the French. If the old| monarchical crowd gains strength in | Germany. the Litler-enders will gain, | it is believed, France. Such contingency will make amicable ad- | justment of the triple problem .\nmv-\ The quence. elections what m The tendency a present contingency s0 a fu her may be en countercd near futire as a| rather t Washir Dawgs and his fellow | indicated quite | mount of repara- id by Germany must be That is one of the | Under the | plainly tion I further reduce questions to f.ondon was fixed at 132.000,000,000 mark scaling _down . from some | £00.000.000,000 gold marks_discussed | infor: among the aliles while | gold | 500 Increase in salary within six months This is just another of the many reports of in- creased income and promo- tion through the plan we are advocating for men who can qualify. Mr. Frank H. Luther of Washington, D. C., reports this . increase. through the application of .our Praffic l\ganagémcnt Training. ‘We_ will take your case under consideration and ad- vise you concerning a plan best suited to your personal needs if you will call at this office, or phone Main 8320 for appointment, or return the attached coupon. o . SEND WITHOUT OOST 1) Rooklet, .“Ted Years Promotiod In 1o (2) Ontline Progress Derelopment Plan for me. My age is .. Present position . Baueation .. Tdne of business .. TBLEPHONE (AU tn tion heldy {8 strict nfidence) %71 5o T 713-714 Albee Bldg. . 1426 G St N.W. Telephones \ Main 8320, 8381, 6131 OPEN EVENINGS |thus does the diplomatic world size up | only | tere c | ing 50.000.000,000 =old mark | Dawes | figurea at an Settlement Untinged by lined Scheme Later Revived by Poincare. BY DAVID LAWRENCE. The triumph of an idea, obscured for a time and even seemingly de- feated, but a triumph in the end— the remarkable formula for the so- lution of the six-year-old reparation | controversy drafted by the Dawes- Young commission, and now ac- cepted by Germany as well as the al- lied powers, Secretary of State Charles Evans Hughes sponsored the idea, fought long and voluble diplomatic battles Wwith Premier Poincare, and finally won out by the simple process, of | warding to the French premier the opportunily to make the American idea his own. The inside history of the moves which have led to the hap- Py solution now in prospect, which is filling the world again with optimism, gan be revealed now as an enlighten. ng chapter in the foreign policy of the United States. e Wilson Initiated Move. The story starts with the effort of President Wilson to get Senate con- sent to get appointment of an American member on the Reparations Commission. He failed. President Harding expressed himself as willing | to have such representation author- | ized, but the temper of the ‘“irrecon- the treaty making. Required Big Payments. .000.000,000 gold 50,000,000, A and B bond | 000000000 of C bonds was reserved for future treatment. To pay in- | terest on the A and B bonds and to | retire them through a sinking fund | operating over fifty years required | annual payments by Germany of | somewhat ~more than 3,000,000,000 | gold marks. Germany regarded that as exces- sive. Dawes finds that Germany can pay 2.300,000.000 gold marks annually. That amount insufficient to pay ton the reparations total- | but it | ro40, of Versmilles was in Of the s 00 were to be p The remain would meet 'requirements fo 000.000.000 gold marks. | Officials here believe that when | s problem worked out, tha | | amount of reparation will have to be cut still further, findings, 40,000,000,000 gold phase’ of on the face of the approximately to marks. This is a the subject that has not | in the newspapers to date. It is regarded as almost cer-. | tain to create a sensation and may | delay negotations for a time. | The Germans appear to have been | e th point, however, as the bituation. and | miuch to 46 with | h which the Ger- | man government aocepted the find- | ings in principle. | | would | Baldwin government, THE Politics—Hughes Ouit- cilables” prevented action. An unofi¢ial American member sat in the reparations meetings, first, R. W Boyden and then Col Logan, Nel ther was permitted to vote, as America had not joined the commission offi- cially. But the commission was pro- French. The Belpians and Italians voted ‘with the French, while the British stood more or less alone most of the time. The deadlock prevented any solution. Britian Seught United States Ald. Great Britain sought American aid in_vain. Finally, through diplomatic influence, the Reparation Commission was prevailed upon to invite bankers and financiers to act as an advisory committee in finding a practicable solution. J. . Morgan was invited to sit on such committee. But the sessions of the advisory body came to naught, largely because the French government insisted upon believing that the plan would resolve itself into a means of cutting down Ger- many's payments. Interference with the scope of the committee's work by the Injection of a controversy over Jurisdiction marked the end of the meetings Hughes Repeats Suggestion. Diplomacy again took up the tangle, but without success. Then came the speech of Secretary Hughes at New ven, in which he argued that what was needed was not a political, but an economie, state of mind. He pro- pomed that the matter be left to & commission of experts. disconnected from political or governmental influ- ence. Thev wers to determine sclen- | tifically what Germany oould pay and find a formula whereby Germany able to pay reparation debts The suggestion fell on deaf ears in France. Then former Prime Minister David Lloyd George came to America and pointed to the Hughes' suggestion as practicabl and urged its acceptance or, at any rate, that the British government take it up. President Coolidge let it | be known that the Hughes' plan an- nounced under the Harding adminis- | tration would be the policy of his| administration Pressed by Lioyd Georze. Lioyd George seized upon a subject for further discussion. The fearing that Mr. Lloyd George would make It an issue on his return, promptly tender- ed an invitation to' the United Stat nd other powers to participate in he selection of a commission of ex- | perts, s suggested by Secretary | Hughes in his New Haven speech, | Amerioa promptly accented. but Pre- mier Poincarc was rkeptical of the London porposal, as ke was of nearly | everything of British origin. Try, as Secretary Hughes dld, through nu- inerous conversations with Ambas- fador Jusserand. to persuade the ¥ profier that the plan wo not have to be accepted If it was it_as SUNDAY STAR, WASHINGT U. S. IS REFLECTING |REPARATION ADJUSTMENT PLAN TRIUMPH OF 6-YEAR STRUGGLE Wilson, Harding, and Finally Coolidge Favored tion by imposing restrictions on the scope of the committee which the Washington government deemed de- structive, and hence the British in- vitation failed of result. Poincare Revives Plan. During the corréespondence with the American government the French premier had shown such an interest in the main outline of the Hughes plan that he wrs truly disappointed when the nefotiations collapsed. Fecling the necessity for an expert nquiry, M. Poincare decided to issue the invitation himself, and he spon- sored a plan qQquickly approved by the reparations commission whereb that body formally invited the ex- perts to advise it. The experts w. re not necessarily to be connected with governments. In the case of thi: Americans invited, Charies G. Dawss. Owen D. Young and Henry M. Robinson, they were selected with the knowledge of the American goverament, but without its specific autbority. Indeed, American members prevailed upon the other experts to cut loose from their governments, so to speak, and look at the predlem as a bu: e8s ma.ter without “egard to politics— exictly the Hughes formula Matter Skiitully Handled. plaii now regarded as a masterpiece of 2droit phraseoldgy and diplomatic handling of an udmittedly sitvation. Neithor Franco nor Ger- mury was oftenced Ly the recommen- dation. The nati¢nal honor and obli- at'ons of both sides was recognized. al reconstruition for Germany was. assured, provided Fgance with- drev: her stranglehold on the Ruhr. wis sald dibout confinued militar; occupation of the Ruh= by the Fronch, which prob- ably will be perfanctory, but which, nevortheless, wifl satisfy French pride without ‘nterfering with Ger- many’s productiveness Americans Aid French. Just how much the general fall of the franc had to do with the tractable Pt of the French government in the recent parievs can only be con- jectured, but in the midst of the ecrisis forth with a big loan which stabi'ized the French situation. These bankers would not have made such a loan with- lout knowing what the French would do bout the acceptar Young report. The French government was in constant touch with the work of the Dawes-Young commission. { When the Morgan loan was made, the financial world assumed the French would accept the experts' report. And that has happened. The reparation problem has, from the start, been an economiec question, but it could not be solved if viewed ‘as a political affair in either Germany or France. Mr. Hughes ihsisted that it was a matter of "ecopomics. His view triumphed. All of Which shows that in diplomacy persistence wins in the end. (Copyright, 1921.) Whitney Poseur Arrested. NEW HAVEN, Conn. April . Stedman, who repré York and and payment, unsatisfactory. the French govern- ment, in effect, rejected the invita- Don’t Go By But Go Buy court today issuing three Woodside Park Stop today and select one of the fine home sites carved irom the famous Noyes Estate Large plots at surprisingly low prices—paved streets, water and electricity to your plot included. The trees and shrubs of the old place are worth the trip, and you should be informed at once of this unusually successful develop- ment. Hopkins- Armstrong, Inc. 1319 F St. .Everedy Bottle Capper to fit any size - $1.00 1 Electric Curling Irons, with cord and plug, guar- anteed 8 5 C one year, New Gas Ranges and Fireless Cookers, Third Floor ORIGIAL REFRIGERATOR g tor, three-door - style, hard- wood and brass hardware: e, e 7 $33.75 Kitehen Sets, white enameled, for tea, coffee, regular- 1y 36.76, # Solid oak case, pure sheet Manning & Bowman Eleetric $4.00 ORIGINAL SIPHON Refrigerator The original Siphon sys- tem of air circulation insures sconomy and efficiency of operation at all times. It extracts every ounce of service from the ice in pro- viding a low temperature. insulation and lined. cork board one-piece - porcelain From— $65.00 up styles from Perfection Oil Cook Stoves; and ized Irom Cream Freesers, 2- quart size; N Water ler, packed with mineral wool, finished in oak and white enamel, $3‘75 with nickle faucet Folding I Board, 54 long, $l ‘50 Me roning inches | paper with iron brace. . Enameled in assorted color. ... Refrigerator and - | gunranteed, $1.00. tal Waste Baskets. Wisard Triangle Polish ‘Mop, with adjust- 69 N able handle.... the | Such an attitucs has brought out a | complex | ON, D. C. | over the franc American bankers came | | e of the Dawes- | APRIL 20,. 1924—PART 1. FLAW IN DAWES PLAN, U. s. ADVISER‘ HOLDS one and a great advance over what Col. L. P. Ayres, Member of Second | sums too great for Germany to pay. . “The present plan,” the colonel as- Committee, Says Too Much Is | certe, “is inflexjble, and it shoutd Levied on Germany. | nical aavisers of the McKenna rep- aration committee, arrived today on the Berengaria. The Dawes plan, he said, is a good be made so that Germany can pay according to her genuine ability to | pay.” Col. the Cley Ry the Associated Press. NEW YORK, April 19.—Col. Leon- ard P. Ayres, one of the expert tech- Ayres, who is vice president of Cleveland Trust Company of nd, Ohio, was an adviser of Maxwell Furniture Co. Blome Quitkits READY FOR THE BRIDE What a wonderful inspiration it will be to young couples to select complete home furnishings from such a marvelous dis- play as ours! Here they will find a spiendid showing of attrac- tive home outfits which furnish the home completely in every single detail—and include only furniture of the very finest quality, which will give supreme comfort and satisfaction for many, many A Small Deposit Will Reserve Your Selection for Future Delivery 3 Suites Complete, $285.00 Your Choice of Suites 39501 Three Suites Complete, $135.00 Your Choice of Suites $ .00 EACH Terms $5.00 Cash, $1.00 Weekly Now is the time to b have so long wanted. suite nicely fin of blue m Weekly Bedroom Suite Ifere is a real bargain! The bed has massive continuous posts with substantial fillers, while the dresser, finished in golden oak, has four spacious drawers and a large mirror. A full-size chiffonier completes this wondorful suite—one of the most extraordinary bedroom values we have ever offered. $5.00 Cash, $1.00 Weekly | Complete Complete Dining Room Suite Includes a large-size Colonial Buffet with a big mirror, an tension Table to match and four Chalre The suite is substantially made and one of the most extraordinary dining room values we have offered in many a day.. Three-Piece Fiber Suite be proud to have in your home. ¥ able chalr, rocker and i-foot settee, with seats and bac) upholstered. A great special value for early spring buyers at this 1% P $5.00 Cash, $1.00 Weekly Upholstered in s Tapestry e furniture of a quality that you will Included fs an unusuall Cedar Chest A beautiful and use- ful genuine red cedar chest with copper trimming. 7 50 Large size o at po Refrigerators 3-compartment side icer. Whito enamel interi i $21.00 sSpecial RE i the second expert committee, which [lcan bankers would be to accept the was appointed to search for:German | pages pian with two modifications capital abroad. rhese w explained 3 Onlla . 8. “Bmekier Country.? These were, he explain i y i “First, the proposed gold bank Col. Ayres said his study of the ‘“flight of the German mark” showed |Should be on a gold b Other K him that America “a sucker |ropean countries are jealous tk country.” Of 00,000,000 German | Garmany should be placed on a gold s sold throughout the world at | were purchased in the United States [be interested In a big loan t) Ger- on the assumption that the German |many unless it is guarantced by the people would recover their eaonom'c | mark on a gold asis, d not, as it position, he declarcd. About 1,000,000 | is v, on a paper b persons speculated in the mark i Second, the bank about 200,000 were buyers in e |upon a sliding scale United States, he added | tions, The banker sald his advice toAmer- | to pay 415 7th St. NW. s should insist for the reparu- ability 1 years to come. Why not et our home furnishing experts advise you, out of their long experience, as to what particular grouping of suites and pieces will show to best advantage in Even at our sensationally low prices convenient credit is a able on any purchase! L “Kroehler” 3-Piece Bed Davenport Suite Here is a characteristic value of our great sale! Included is a comfortable Davenport that is instantly convertible into a full size bed. as well as a handsome Archair and Rocker—all three pieces upholstered in a new velour design. $10.00 Cash, $2.00 Weekly . _— 4-Piece Walnut It Is a swite of the best guality constructed and beautiful in appearance. It contains the four pleces, as illustrated above, and at the low price which we have reduced it to the value is very unusual...e...... $10.00 Cash, $2.00 Weekly Bedroom Suite *95 4 8-Piece Walnut-Finished Dmmg Room Suite The price is very little more than half of what $ 5.0_0 the suite i worth. You will pay much more for such a good quality piece of furniture anywhere, and. of course, more term Sale at. You owe it to yourself to see these beautiful new Three-piece Living Room Suites which have just been placed in our display! Included is a luxurious Daven- port, Armehair and Rocker, with roll arms and coil spring construction throughout. Exceptional value at this special price. i Cask. $500 Weakly” Another shipment of these hand- some fiber rugs just in! Size 8x10—in charming 0il Stoves We carry a com- plete line” of *“New Perfection” and “Nes- co” Oil Cook Stoves. A ST S17.50 at Easy Terms All the newest styles and colors for this =pring. Now is the time to choose ronns $18.75 With Ty purchase of $100 or over a bea tiful 50 -piece Monogram FREE With every purchase of $50.00 or over, a beautiful Dinner Set Each piece has o Bl @ and useful 15— pe. imported Cereal Set