REPLACE GERMAN STRIKERS

Shannon News, 27 April 1923, Page 4

REPLACE GERMAN STRIKERS

——— —’ FRENCH DETERMINED TO IMPROVE TRANSPORT. (Received Thursday. 7.30 p.m.) v LONDON, April 26. A Dusseldorf telegram states that tile French and Belgians are detained to obtain a better railway setvice in the Rhineland, where one hundred thousand German raihvaymen on strike, are receiving German Government pay. Already 3000 strikers have been exp -lled, and a last appeal is now being made to the olhers - “ they refuse, they will be expelled to th„ last man. It is impossible to replace all with French and Belgians, so arrangements are being made to bring Austrians and Poles. At the beginning of the occupation, there were 35,000 Polish workmen in the Ruhr. The French admit that work has not been resumed.

BOLSTERING UP RESISTANCE. LONDON MONEY MARKET ARRAIGNED. (Received Thursday, 9.5 p.m.) PARIS, April 16. “Le Temps ” makes a serious charge against the London money market of financing the German resistance in the Ruhr. It refers to the continued enormous German coal puichascs from British in spite of higli prices and dear freights. Then came the recent crash in the market. It was proved that the polio of i eststance demanded more imperiously than ever the financial help of the foreign money market. Accordingly, tho Reichsbank decided to increase its gold deposits in London, in order to lie able to provid e security for loans which it might be obliged to i cQUCst. “ Le Temps,” in summing up. says, Germany's whole policy depends entirely upon the English market. How far will British tolerance go ? ” ANGLO-AMERICAN AGREEMENT. WILL HELP TO SETTLE QUESTION (Received Thursday, 9.5 p.m.) NEW YORK, April 25. Mi-. F. C Goodcnough, chairman ot Barclay’s Bank, London, in a speech before the executive committee of the American Bankers’ Association, deollaretU the Anglo-American debt agreement was likely to lead to a settlement of the reparations problem.

BANKER CASTIGATES INDUSTRIALISTS. CALLS FORTH ANGRY REPLY. (Received Thursday. 7\p.m.) LONDON, April 25. A severe castigation of German industrialists was administered by Herr Havenstein, president of the Reichsbank. H e accused them of selfishness in refusing to support the loan wliien was, therefore, a failure. He also declared that they, by-, speculating in foreign exchange, were stabbing the Government in the back, Herr Havenstein addd that if the effort to stabilise the mark could not otherwise be erfected, the Reichsbank would employ force, regardless of persons or firms. He urged that other banks should assist by refusing to deal in foreign exchange beyond the daily legitimate needs of trad e and industry, The industrialists angrily reply that the Reichsbank, by attempting to fix the mark too high, is killing export trade and that they are really acting patriotically in counteracting the Gove rnmei l ls’s errors.