700 milliard francs, and the claims for damage to persons and property
amounted to at least 350 milliards for all the Allies together.

Whatever the sum might be, when it had been laid down in the treaty
what damage was to be indemnified, the French negotiators claimed
sixty-five per cent., leaving thirty-five per cent. for all the
others.

What was necessary was to lay down proportions, not the actual amount
of the sum. It was impossible to say at once what amount the damages
would reach: that was the business of the Reparations Commission.

Instead of inserting in the treaty the enormous figures spoken of, the
quality, not the quantity, of the damages to be indemnified was laid
down. But the standard of reckoning led to fantastic figures.

An impossible amount had to be paid, and the delegations were
discussing then the very same things that are being discussed now. The
American experts saw the gross mistake of the other delegations, and
put down as the maximum payment 325 milliard marks up to 1951, the
first payment to be 25 milliard marks in 1921. So was invented the
Reparations Commission machine, a thing which has no precedent in any
treaty, being a commission with sovereign powers to control the life
of the whole of Germany.

In actual truth no serious person has ever thought that Germany can
pay more than a certain number of milliards a year, no one believes
that a country can be subjected to a regime of control for thirty
years.