The Birmingham age-herald., 1924-07-24
MELLON INVITED TO LEND HIS AID IN RUHR FARLEY Secretary Confers With MacD Donald And Lon.
 don Bankers FRENCH WILLING
 TO COMPROMISE Delegates, However, Hint Resentment At Finan-
 ciers' InterventiOn
lRy Associated Press. ]

LONDON, July 23.-With the French maintaining the sanctity of the Versailles treaty and the inter- national bankers equally firm in their demands for definite guaran- tees to satisfy investors in America and elsewhere who will be asked to support a German loan necessary to launch the Dawes plan, the inter- allied conference has resolved it- self into a delicate waiting game.
 The question of Germany's pres ence at the conference table was discussed and was virtually the only advance made at the second plenary session held in the foreign office this afternoon. The committees ap- pointed a week ago have withheld their reports because it is lmpos- sible to make any real progress until the existing differences be- tween the bankers and the French are ironed out.
 Both Are Unyieldins
 Both are unyield.ng but the British, Belgian and American delegates are SLIlVluK lO a ~OAhPAS-s--A-g good offices of Secretary of the Treas ury Mellon even having been invoked at the Downing street breakfast this morning when he was the guest of Premier Macdonald. Later Mir. Mellon conferred with Mir. Mcdonald, Thomas Lamont. Sir Montague Norman and Sir Robert Kindersley. It is stated tonight that Mir. Mellon, in an unoffi- V. - .s fs. s .s,.s, ,sfSSfkSd a nu00nafiAu wEiieh was likely tu bS of great assist ance ia finding way out of the pres eLt deadlock.
 The French delegates take the view that the bankers are interlopers in the London conference, which should be of a wholly political nature. But the bankers maintain that they are merely Interpreting their investing mar. kets so that the needed loan will be readily subscribed when the German government asks for it.
 It was anthoritatively stat. tonight that the French have verbally indicated their willingness to pursue a policy with regard to defaults and sanctions under the Dawes plan, that the bankers could whole-heartedly recommend the investors. The problem is to reduce the verbal pledges to Sn acceptable written formula which would satisfy the bankers and at the same lime keep Premier Herriot's flag flying in the French parliament.
 It was to this end that Ambassador Kellogg and Premier Theunis assumed the role of mediators yesterday.
 Trust HerriOt
 It is report d that NJ. He- 'iott him self made what was tAntamOunt to a pledge against separate action on Frances part, to which an American replied: M. HerFiOt, if you could meet the millions of Americans who are potential investors in the loan and talk to them, face to face, they would believe you and would be willing to tako a chance. However, as agents only, the bankers must insist upon a written form and a written formula"
 The British hosts are calmly watch ing the inter-allied conference proceed ings and doing everything possible to lift the negotiations out of the maze of technicalities. They compare the pledges necessary to the glfa antee of a German loan to ablebodied workmen, pledging themselves to give one shilling
 
 resources, they believe, are such as to make the service of a loan trivial.
 If the judicial committee established today decides that Germany shall be called into the conference, the Berlin representatives are expected to be in London by Monday. M. Herriot is not going to Paris, as reported, but intends to remain in London for another ten days, which time 1t is expected will be needed to wind up the conference work.
 Speaking at the lawyers banquet at the Guild Hall tonight, Ambassador Kellogg referred to the inter-allied con ference as "a gathering to settle the great economic and social problems of the war"
 T have confidence in the statesmen of the allied nations in their high pa triotism and desire for peace and res toration of prosperity in Europe" he continued, "that they will, that they can. that they must settle this great problem"