REPARATIONS: A Pricked Bubble

The prospect for an Allied conference on reparations with U. S. participation was extirpated from the marsh of international politics.

U. S. Secretary of State Charles E. Hughes declined to participate in the conference, because France had limited the scope of the conference to Germany's " present" capacity to pay reparations (meaning what Germany can pay from now until Jan. 1, 1930). This renders the conference useless, as at least a six-year moratorium of reparation payments must be granted to Germany. Furthermore, French insistence on keeping the Ruhr problem entirely out-side the...

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