ABSTRACT
In this chapter, the author discusses a program, for those who believe that the Peace of Versailles cannot stand, under the following heads: The Revision of the Treaty, The settlement of inter-Ally indebtedness, An international loan and the reform of the currency, The relations of Central Europe to Russia. Article V. provides that “Except where otherwise expressly provided in this Covenant or by the terms of the present Treaty, decisions at any meeting of the Assembly or of the Council shall require the agreement of all the Members of the League represented at the meeting". A settlement of Inter-Ally indebtedness is, therefore, an indispensable preliminary to the peoples of the Allied countries facing, with other than a maddened and exasperated heart, the inevitable truth about the prospects of an indemnity from the enemy. Expenditure out of the loan should be subject to general, but not detailed, supervision by the lending countries.
