FAILURE OF DAWES PLAN MAY MEAN COLLAPSE SAYS CARVER

"I believe it will go through," said Professor T. N. Carver, Professor of Political Economy, in reference to the plan advocated by the Dawes committee on the adjustment of the German reparations question. "If it does not, the result will be very serious, probably resulting in a general collapse, in which Europe may be forced to a showdown."

The plan, as announced yesterday afternoon calls among other things for a gold bank of emission capitalized at 400,000,000 marks, administered by non-Germans and located in Berlin. "This should cause a rapid stabilization of the mark, perhaps in a few months time," Professor Carver explained. "The 'partial' moratorium for four years for which the plan provides, will probably yield increasing sums as prosperity continues to augment in Germany.

"A consequence of the plan would be the evacuation of the Ruhr by France and Belgium, as there would be no motive in occupying it any longer. The plan does not take up the question of the existing military occupation, but it would directly affect it if it went through."