GERMANY: Answer to Poincare

"Answer to Poincare"

On June 7 last Chancellor Cuno made the following offer to the Allies:

Total "indemnity " of $7,500,000,000; annual payments of $265,600,000 beginning 1928 if an international loan were not immediately available; guarantees pledging Federal railway system; capitalized at $2,380,000,000 and a like sum guaranteed by a gold 5% mortgage on business, industry, banking, trade, traffic, agriculture.

The Allies never replied. France and Belgium refused to do so until the Germans ceased passive resistance in the Ruhr. Britain has been engaged in the interval in persuading France and...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!