Like worried engineers going out once more to shore up great crumbling bastions, eminent international bankers assembled in Basle last week to tackle again the interminable problem of German Reparations and Germany's capacity-to-pay.
Things started with a rush when Dr. Carl Joseph Melchior of Hamburg, partner of the German Warburgs, handed out a voluminous memorandum to show that no matter what happens after the Hoover Moratorium, Germany can never again pay Reparations under the stiff schedules laid down by the Young Plan. He had figures to show...
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