GERMAN MONARCHY

Hokitika Guardian, 19 October 1932, Page 5

GERMAN MONARCHY

SCHEME AFOOT CAUSING WIDESPREAD CONCERN. (Un: .ed Pres* Association—By Electric Telegraph— Copyright.; BERLIN, October 18. Agitations cc.iteming plans for a restoration or the German Monarchy art spreading throughout the country, and the plans are being now openly discussed in newspaper articles and speeches. Herr Maier, the Minister of Commerce, speaking at Wurtemburg, said that Chancellor von Papen’s relations with President von Hindenburg, and the ex-Crown Prince’s visit to tue exCrown Prince Rupprecht, showed that they considered that the tine is ripe for a Monarchial move. This move will divide Germany from end to end. The “Daily Telegraph’s” Berlin correspondent quotes a particularly well informed Parliamentarian as saying that the ex-Crown Prince is probably almost alone in expecting an immediate Holienzollern restoration. Most of the leading Monarchists prefer to hide their time till Germany has secured equality in armament rights and till she is unmistakably emerging from the slump. Whenever the Monarchist coup comes, it will be violently resisted. There is certain to be a general strike. Even if this shout:, fail, the suppression of such a strike will virtually be a civil war. PAYMENT OF GERMAN DEBTS. UNCERTAINTY IN AMERICA. NEW YORK, October 17. The “New York Times” Washington correspondent, says:—United States officials are reluctant to discuss the latest pronouncement of the German Chancellor, von Papen, in regard to the payment of their private debts by Germany, as being dependent on the entry of German exports into the creditor countries. The rea- 1 son for the reluctance of the officials is due to the fact that the pronouncement has a direct bearing on the United States Smoot-Hawley Tariff, which the officials are defending in the current Presidential campaign, but the Democratic Party accept Chancellor von Papen’s statement as a reiteration of their opposition to the SmootHawley Tariff. | Some observers regard the pronouncement as being an internal German political issue, also presaging its injection into the agenda of the World Economic Conference.

It is now generally believed that neither this conference nor the Disarmament Conference will be convened before March 4 next, in view of the possibility of a change in tho United States administration on that date. Tho general opinion is that the Hoover Administration is In no position to offer Germany any plan of co-cpm’-ntion in formulating a programme to ease her financial burden. The whole matter must await the World Economic Con'erence. Unofficially, the banking opinion is solidly against the suggestion for the pooling of the private German debts ns the forerunner of any form of a funding agreement, tile bankers pointing out that the money was loaned to Germany on a sound credit basis, and each loan made should represent its exncE worth, and not an average or an aggregate.