Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-08-10
SURVIVORS OF HEROIC OLD
THIRD maine GATHER ONCE
AGAIN TO RECOUNT DAYS 81
ALLIES FAR FROM UNITED
ON STAND TO TAKE REGARDING
FINANCIAL SITUATION GERMANY

London, Aug. 9-(By A. P.)-The
allied premiers will not meet tomor-
row to discuss German reparatons.
I They will gather again on Friday, but
whether only to adjourn formally and
arrange for a further meeting else
where, or to consider an entirely new
plan for settlement Of the financial
situation in Germany, probably will
depend on the outcome of a gathering
of the British cabinet tomorrow and
whatever new suggestions France
may have to offer.
NJ. Poincare'S plan submitted on
Monday, which was referred to the
experts to determine whether it would
result in productive guarantees"
has been rejected by the finance
ministers, who agreed with the ex-
ception of the French minister, that
it would not be productive of hard
cash"
I The report Of the experts commit
zee opposed all the French proposals
by a majority of four TO one. The
RelGians. however, supported the
French plan of allied control Of state
owned mines in the Ruhr region. A
majority of the experts branded this
proposal as useless. except as sane
ton The suggested establishment
of customs lines between the occupied
Of 4
around the Ruhr region was rejected
as undesirable. AS recounted by the
British spokesman. the majority of
the experts held that no real mora =
! forum would he afforded by remit
ting the present forms of payment if
equally onerous obligations were
placed upon Germany.
The view Of all except the French
delegate was that if any guarantees
would be simpler to take over the
present customs arrangement at the
German frontiers than to divide Ger
many by fresh customs barriers. The
proposal to seize so per cent. interest
! in factories, especially the dye works
! on the left bank of the Rhine. also
. was declined on the ground that this
| could be done only by compelling the
German government to buy out the
! volve an issue Of more paper money
ana further aegravation of the
| German monetary situation.
ON this, tho third day. the confer
enCe seemed 10 be on the shoals. The
prevalent belief was that it was not
! likely to survive the present week.
! The apparently irreconcilable views
! on the proposals, which have been
made. mainly by the French, for CON
stdcratiOn by the experts committee,
| has led most of those connected with
! the conference to admit that situa-
ton Of extreme gravity has arisen.
So serious is this situation that Mr..
Lloyd George was impellod to call a
i meeting of his cabinet for tomorrow
J afternoon, although the bringing to-
Sether of the ministers will prove of
considerable inconvenience to them.
| Owing to the parliamentary vacation,
they are widely dispersed. NJ. Poin-
care also was busy today consulting
, by telephone and telegraph his min
listers in Paris and President Miller
, and.
! Neither in the work of the confer
cnCe itself nor in the many Informal
conversations among the principal
delegates outside, has there been any
approach to an agreement. Although
the Belgian delegates have been tire
less in trying to reconcile the con-
| hlCtinG views between the British
and the French statesmen. there ap-
pears to he fundamental difference
between the British and French con-
, Ceptions of the principle of con
troll to be applied to German fin
ances. while the British. by no
means insist on an unconditional
moratorium, TO Germany. it is point
Cd out on behalf Of the British dele
safes that the idea OF stopping pay
nents here in order that payments
may begin in Germany fails to fulfill
the British definition of mora
torium.