On Wednesday the German Chancellor, Herr Stresemann, made another important
speech in answer to M. Poineare. For Germany, he declared, the decisive question was that of sovereignty of the Rhineland and the restoration of freedom in the Ruhr. In order to get these things Germany was prepared to go very far and to give sub- stantial guarantees. The Getman Government would do all that they possibly could to stop passive resistance in the Ruhr, and would include private property in the -pledges given to France if France would accept these promises as a basis for fresh negotiations. When we write on Thursday, it is not certain whether or not M. Poincare, in response to Herr Stresemarm's obvious desire to pay reparations, will merely repeat his formula that the occupation of the Ruhr must go on till reparations have been paid in full.
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