In December 1922 the situation between Germany and France assumed a particularly threatening aspect. France had new and vast oppressive measures in view and needed sanctions for her conduct. Political pressure had to precede the economic plunder, and the French believed that only by making a violent attack against the central nervous system of German life would they be able to make our 'recalcitrant' people bow to their galling yoke. By the occupation of the Ruhr District, it was hoped in France that not only would the moral backbone of Germany be broken finally but that we should be reduced to such a grave economic condition that we should be forced, for weal or woe, to subscribe to the heaviest possible obligations.

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