A New Offer

German Chancellor Stresemann offered the French Government mortgages on public and private property, which means that the Allies will be assured of a fixed sum of money on account of reparations as well as security. Herr Gustav Stresemann is expected to call off passive resistance as soon as his Government has received Franco-Belgian assurances that Germany will be given complete control in the Ruhr and that German sovereignty will be allowed to reassert itself in the Rhineland.

The Chancellor, in his speech in Berlin, made it clear that the German economic situation could not be ameliorated until the Ruhr dispute was settled. With Winter looming large in the future, Germany was forced to make every effort to end her ruinous policy in the Ruhr and to make gigantic efforts to bring some sort of order into the hectic chaos now prevalent in the Reich.

Premier Poincare in his hebdomadal sermon at Dun-sur-Meuse refused the new German offer. He said that France still waited for the official end of passive resistance in the Ruhr.