Bisbee daily review., 1921-02-23
ASKS GERMAN BONDS BE TAKEN I OR
 BELGIAN DEBT
Wilson Informs Congress
 Of Agreement Entered Into At Versailles
DETAILS EXPLAINED
Submission Of Agreement Clears Executive Desk
 Of Treaty Matters

WASHINGTON.F Feb. 22.-Presidept Wilson cleared his desk today or an- other matter growing out of the Paris peace conference by sending to con- sress a copy of an agreement. which lle and the British and French pre- miers entered into June 16. 1919. and under which the signatories bound themselves to recommend acceptance of German bonds in full payment of loans made to Belgium. prior to the armistice.
 The president presented recOmmen- dations that congress enact legisla- tion that would enable the American treasury to accept German bonds to the amount of S171. 1.7S0000. the amount of this country's loans to Belgium mp to the armistice. plus in- terest.
 The agreement and recommenda- tions were read in congress without comment. Neither house took any action.
 The executive made no explanation as to why the agreement had not been submitted earlier. except to say that the separations commission has not as vet finally determined the details or the issuance of the necessary bonds by the German government He added that the agreement was not embodied in the treaty of Versailles for various reasons
 Submission Of the agreement. so far as could be learned. clears the presi- dents desk of all matters growing out of the Paris conference except the treaty of Versailles and the Austrian and Polish treaties. The Franco American agreement is in the files of the senate foreign relations commit tee.
 Tn recommending to you that c31- gress take appropriate action on this agreement. certain facts should he brought to your attention" said the presidents message to congress.
 "The neutrality of Belgium was guaranteed by the treaty of London of 1899 In considering the reparatiOn to be made by Germany. it was agreed that the action of Germany 'n violating this treaty. obligated the German government under interna- tionaI law to repay Belgium. On this priciDle the treaty of Versailles nro- vided that. ir accordance with Ger manv's pledges given as to the res toration for Belgium. Germany should undertake. in addition to the compen- sation for material damage to make reimbursement of all sums which Rel gium had borrowed from the allied and associated governments no to November II. 1918. together with in terest at five ner cent. This obliga- tion was to he discharged by a special issue of bearer bonds to a nequiva- lent amount payable in gold marks May 1. 1926. or at tine option of the German government on the first of May in any year up to 1926
 "The undertaking defined in the above letter was not embodied in the treaty Belgium's obligations to the United States for advances made up to the armistice amounted to approx imately $17i .000.00O and to England and France. they amounted I am in. formed. to about S1Gf.700, ,OOO. In view of the special circumstances in which Belgium became involved in the war and the attitude of this country to- ward Belgium. it was felt that the United States mighmt we'll agree to make the same agreement respecting nre-arn istice loans tO Belgium as England and France offered to do.
 Advances made by the treasury tC the Belgium government from the he ginning of the war to the armistice