The New York herald., 1922-08-28
Bradbury Tells Repara-
tions Board Plan He Dis
clssed With Wirth.
DECISION rs WITHHELD
Germany to Have Final Chance
to Make Proposals on
Next Wednesday.
ny LAURENCE HILLS.

ny LAURENCE HILLS.
Specioi Cable to THE NEW York HERALD.
Copyright, 1929, By THE NEW YORK HERALD.
New York Herald Bureau,
Paris, Aug. "a.
The investigation and control Of
German finances by American finan
ciers acting under the authority Of
the Preparations Commission is the
latest solution proposed to avert inde
pendent action by France in the rep
arations question. Representatives OF
versations they had with Sir John
Bradbury, British member Of the Rep
arations Commission, are understood
to have agreed in return for mora
torium to allow a complete control OF
their finances to be assumed by COM
mission acting in the name of the
Allies, provided however. that this
body is composed of representatives of
parties outside Of the present discus
sion, preferably American financiers.
The Germans have asked for three
years moratorium.
| A recent dispatch to THE New YORK
HERALD from It's London Bureau said
that J. p. Morgan, who represented
American bankers at the recent in
ternational conference of bankers in
Paris to discuss a loan to Germany,
was still In Scotland and was prepared
to resume conferences II develop
| y,,opto mnrra utad
The suggestion Is that this commits
sion have full control. even to the
extent of governing Gern,any's entire
expenditures and the measures to be
taken to stabilize the mark. 1t was
made by Sir John Bradbury to the
Preparations Commission at its session
this morning. and is known to have
been prompted as result of the per-
sonal conversations which Sir John
had with Chancellor wirth and others
in Berlin.
Ready for Recefvership.
The German leaders expressed their
| willingness as debtors to undergo a vir-
tual receivership. but only on the condi-
| tion that the receivership be conducted
| by impartial hands. No control wherein
| France would have dominating voice
| could be tolerated. the Germans main
tained, and 1t was In this connection
that American financiers, including
| Frank A. Vanderlip, were suggested.
Whether or not this suggestion will be
accepted by the French. 1t seems GER
tain that some definite decision will be
taken next Thursday, the Reparations
Commission having indicated this In to-
| days communique. Germany, as a re-
suit of to-day's meeting, at which Col
James A. Logan sat as American OBJ
server, will be given one more hearing
| next Wednesday before a decision re-
gardng moratorium Is taken. A tele-
gram to this effect was sent to Berlin
this afternoon.
The outlook seems brighter" Sir John
said this afternoon. This is indicated
by to-day's postponement, and I am
| hoping that the suggestion I made in
formally and which / consider the best
solution will be accepted by France and
by the other delegations"
Following the meeting NJ Dubois.
president of the Reparations Commission.
saw President Milerand and Is un-
derstood to have discussed Sir Johns
suggestion with the head OF the re-
public.
French Opinion Changing.
The collapse OF the mark and other
| grave reports from Germany have con-
vinccd large mass OF French opinion
that nothing Is to be expected from Ger
many In the immediate future. and that
she Is financially demorallzed and threat
ening to all Europe All the liberal
press In France now is urging the Gov
ernment not to take independent action,
while Premier Poincare himself. by the
suspension OF the Lorraine re-
prisals. is showing that he is begin
ming to bow TO this opinion. These facts
encourage the British representatives TO
think they still may succeed in getting
a moratorium accepted by the Repara-
tions Commission on Thursday.
Germany. according to Sir John Brad
bury. has indicated her willingness 10
waive complete sovereignty concerning
financial affairs as an eleventh hour
concession II assured or the impartialty
OF those who will control her financial
dcstinies This Is the point upon which
Wednesdays meeting with the Germans
may turn. Remarks made at to-day's
meeting are understood to have shown
that Sir Johns suggestion was not
wholly unacceptable TO the French.