Abstract

Editorial Paragraphs

After ten years of discord the Allied Powers and the German republic have at last come together in regard to war reparations. At this writing Belgium and Germany are still at odds over the indemnity to be paid for the debasement of the Belgian currency, but even if this issue is not settled it is hardly conceivable that it will be allowed to wreck an otherwise acceptable arrangement. It is not known whether the settlement is financially just; it is not believed to be politically expedient. It is more than a financial arrangement; it represents concessions on both sides, and with concessions, reconciliation. Thus the agreement properly called the Young plan in recognition of the American chairman's unfailing patience and omnipresent tact, is a treaty of peace in a way that the document signed at Versailles happened to be.