The New York herald., 1922-05-25
four PLANS OFFERED
FOR EUROPEAN loan
American, British, French and
Dutch Bankers Present
Projects in Paris.
CALL THEM SOLUTIONS
Committee Will Devote Next
Week to Study of Germany's
Condition.
CALL THEM SOLUTIONS

PARIS, May "a (Associated Press).-
Four tentative solutions of the inter-
national loan problem for the settle
ment Of the economic situation in Eu-
rope, with particular reference to Ger
many, were presented to-day at tie
meeting of the bankers committee, OF
which ]. P. Morgan Is the American
representative. The spirit of the meet
ing was described by some OF those
who took part as indicating that some
thing can be done. 1t was even said
that probably an announcement OF a
definite nature could be made in a
relatively short time.
The solutions were submitted re-
spectively by Mr.. Morgan, who offered
what he termed "the American PLAN:
Sir Robert Kindersley. one Of the gov
ernors Of the Bank Of England;
Charles Sergent. former French Un-
der Secretary of Finance and presi-
dent of the Banque de L'Union
Parisienne, and DR.. G.. vissering
president of the Netherlands Bank.
No hint was given as to what these
plans are, but the committee conveyed
an idea of optimism and definiteness
when they called them Solutions"
Devote Week to Germany.
The committee also decided to spend
the next week in An exhaustive study
Of Germany's condition, which strength
ems the belief that the bankers. in be.
ginning their work. see chance to ac.
complish something tangible. When the
committee had these four suggested
remedies before II. Herr Bergman. the
German expert, was called upon and he
outlined the negotiations which are still
proceeding between the German delega-
tion and the Reparations Commission
and explained the state. of the German
budget and the changes to be made
in 1t.
The two sessions of the committee
to-day, which were attended by seven
financiers Of commanding personalities
in the neutral. allied and German money
markets. discussed the possibility oil
Strengthening out the confused economic
conditions In Europe by a widely dis
triouted loan to enable the Allies tc
receive reparations and the Germans tc
pay them. Some effort was made
among the members Of the entourags
of the committee to estimate the stupen.
dous resources represented by that body
and their efforts ended close to trillior
figures. measured in francs.
I'VE have come together" said M
Delacroix. who is head of the Belgian
State Bank. "as bankers and not a.
statesmen"
In addition to those already men.
toned. Signor D'Amelio. representing
Italy, was present, while the eighth
member. NJ. Sekiba Of Japan. has not yei
arrived. One of the first suggestions
was that the proceedings should be al
together secret until something definite
could properly be announced.
First Impressions Not Sure.
The view as brought out In the dis
cussion was that first impressions ar,
not likely to be final. tnat great transac
tions. according to the experience o
those taking part in such meetings, ar,
usually the result Of a compromise. anc
that an opinion reached to-day might b.
greatly modified later. And also tina
II would be embarrassing to the work o.
the committee IL the individual member,
gave to their reportorial friends piece.
meal accounts which would form the
basis OF public discussion and which, In
fat, would be misleading. IL was also de
sired to avoid, as far az possible. havnl
the work of the committee affect thu
stock markets.
The committee decided to meet twics
day and not to suspend its sessions
tomorrow, which Is legal holiday In
France.
There was extraordinary public in
terest shown In Mr.. Morgan. II wal
observed to-day that while the othel
members of the committee came and
departed in handsome automobiles the
American representative used a taxicab
driven by one Of the veterans of the
Marine, that looked as though II might
fall TO pieces.
Mr. Morgan was given the seat oi
honor at the right OF Chairman Della
croix when the meeting opened. George
whitney of Paris was the only other
American present besides Mr.. Morgan.
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