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-12- No falling for "dummy" contrivances. If necessary to make sure that these properties really change hands, I would set up a corporation to finance such transfer. Formula for Private Property Enemy assets in each country should be used to make restitution to nationals of that country for properties lost or damaged in enemy countries. In the United States the value of German properties taken over by Congress would be pooled and from this fund Americans with property in Germany or her satellites would receive restitution. Anything left after these claims are met would be turned into a common pool to pay for necessary German imports, with the balance going as reparations. This will make possible de-industrializing German heavy industry even where American or other foreign-owned plants are involved. I want this to be a just peace -- not one of vengeance. This program does not mean the destruction of the German people. They would have to suffer a comparatively low living standard for a time -- but nowhere as low as what they imposed upon enslaved Europe and not much lower than the standards which they assumed, to give Hitler and the General Staff the stuff to attempt world enslavement. Heavy Cost of War of The immediate, emergency problem of feeding Germany is a most difficult one. Still it should not affect the program here recommended. The heavy industries which need to be removed from Germany produced guns and munitions. Consumer goods industries

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    "ocrText": "-12-\nNo falling for \"dummy\" contrivances. If necessary to make sure\nthat these properties really change hands, I would set up a\ncorporation to finance such transfer.\nFormula for Private Property\nEnemy assets in each country should be used to make\nrestitution to nationals of that country for properties lost or\ndamaged in enemy countries. In the United States the value of\nGerman properties taken over by Congress would be pooled and from\nthis fund Americans with property in Germany or her satellites\nwould receive restitution. Anything left after these claims are\nmet would be turned into a common pool to pay for necessary German\nimports, with the balance going as reparations. This will make\npossible de-industrializing German heavy industry even where\nAmerican or other foreign-owned plants are involved.\nI want this to be a just peace -- not one of vengeance.\nThis program does not mean the destruction of the German people.\nThey would have to suffer a comparatively low living standard for\na time -- but nowhere as low as what they imposed upon enslaved\nEurope and not much lower than the standards which they assumed,\nto give Hitler and the General Staff the stuff to attempt world\nenslavement.\nHeavy Cost of War\nof\nThe immediate, emergency problem of feeding Germany is\na most difficult one. Still it should not affect the program here\nrecommended. The heavy industries which need to be removed from\nGermany produced guns and munitions. Consumer goods industries"
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