The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-07-11

meeting of the allied powers to dis
cuss the reparations situation and it
will only consent to such Il meeting
as a final step. This was made plain
in official circles today after confer
ence between President Dubois. of the
commission, and Premier Poincare.
PARIS, July ia moratorium on
Germany's cash payments for the re-
mainder of this year was thought in
circles close to the reparations COM
mission to be quite probable as a re-
suit of a conference this forenoon be-
tween DR.. Fischer, chairman Of the
German war debts commission and all,
the mem bers of the commission in a
hurriedly called informal session.
Roland w. Boyden, the United
States representative with the COM
mission took part in the conference.
Dr. Fischer told the commission the
Germans would present a formal re-
quest for moratorium at a meeting
called by the commission for tomor-
row. This request it was indicated
in commission circles, will likely be
acted upon by the commission without
waiting to refer the matter TO the
,, various governments.
! The letter asking for the morator-
| ium which DR.. Fischer and Herr
| Schroeder, under secretary for finance,
who is with the war debt commits
sioner in Paris were drafting today, is
expected to suggest the cancellation
of all the remaining payments this
year, leaving the matter of a mora
/ torium thereafter open for the time
being. Under this arrangement the
question of the further moratorium
would be decided later, upon fuller
| consideration and in view of what
may happen in Germany in the next
| few weeks.
! 1t is understood that the majority Of
the commission sees no other way out
| of the present crisis and is therefore
prepared to vote a temporary mora
/ torium, particularly because there is
general realization that no loan to
Germany is Immediately possible and
that relief for present conditions must
come quickly,
Dr. Fischer told the commission that
! Germany had succeeded in getting to-
gether sufficient foreign exchange TO
meet the payment of fifty million gold
marks due July Is but whether this
payment will be exaeted has not yet
been decided.
The exact form of the possible mora
torium would be evolved during this
afternoon. it was thought, as both DR.
Fischer and Herr Schroeder again will
have separate conversations with the
members of the commission during
the day in the effort to put their re-
quest into shape that will meet with
the commissions approval.
i LONDON, July 11-Great Britain
and France are in close communica
ton concerning Germany's financial
position and the reparations question
and Premier Poincare is said to plar
coming to London shortly for a con
ference with Prime Minister Lloyt
George. The date of his arrival, how
ever, will not be fixed until the repor
of the allied committee on guarantees
now sitting in Berlin, is received ant
considered. The report is expected
some time this week. -.....
The international financial situation
: came before the British cabinet at
meeting today. especially in its rela
J ton to the collapse of the German
. mark Among the data available t.
the ministers were special dispatche
from the British ambassador in Ber
t lin outlining conditions in Germany.
l The Times today began publication
r Of a series Of special articles discuss
[ ing the economic n1orass in which
/ the world is foundering," and ainin;
to point the road to recovery. TIL
writer says the latest collapse of tn
| mark adds an alarming symptom +
2 the other symptoms long noticeable
Great Britain alone holds the Ike,
1 to the whole position, he declares
I "The only gateway to the path o
4 safety is through firm, courageou
1 treatment of the reparations problem
K +. In order to unlock the gate
q the question of the British war II
/ debtedness to the United States frs
J, must be settled"