Evening star., 1924-07-26
COMPROMISE HOPE
GROWSATLONDON
Delegates Believe Agreement
on Reparations May Be
Obtained Before Monday.
ACCEPTABLE PLAN FOUND
Would Uphold French Rights Un.
der Versailles Pact and Provide
Safeguard for Investors.
By the Associated Press.

By the Associa ted Press
LONDON, July 26.-Renewed efforts
were being made today to effect a
compromise between the apparently
irreconcilable attitude of the French
delegates to the interallied confer
ence and the stand of the interna-
tional financiers on guarantees for
the proposed f40,00o.00O loan to Ger
many. which will launch the Dawes
plan on reparation.
Notwithstanding the week end holi-
day, the leading representatives of
the allied governments here did not
relax their endeavors to break the
deadlock. which has assumed such
serious proportions.
An acceptable compromise. il is said,
would still permit the French to
maintain their rights under the Yer
sailles treaty and at the same time
provide such guarantees that the
financiers could offer the German
bonds to investors with assurances
of perfect safety.
Believe Agreement Near.
Despite the delays which have oc-
CURED, the atmosphere of the confer
ence negotiations is not altogether of
a pessimistic character. A British
official said the technical work of the
conference has been completed and that
the confereeS were ready for their next
plenary session Monday afternoon at 4
o'clock. This is taken by many to in
dicate that an agreement between the
delegates from France and the inter-
national bankers is impending.
Only three problems remain to be
dealt with. The first is the al-impor-
tant one of reconciling the bankers to
the conference experts proposed meth
DDS of dealing with German violations
OF the Dawes plan. The second is a
minor plan of railroad control in the
Ruhr, and the third the question of
German representations at the confer
ence. 1t is expected that Berlin will
be requested Immediately to send dele
gates to London.
IL is increasingly evident that the
British and French premiers do NOT
intend to give way entirely to the de-
mands of the financiers who would
float the German loan.
1t is believed that it would he no.
litically suicidal for either nrerie-
10 do SO. The French bankers are
SAID to be hurrying to London to
strengthen Premier Herriot's hands
on the loan guarantees matter Tb.
summoning of these financiers sup-
gests that in launching a comnar,
lively small loan under the D.ues
pian reliance need not be placed ex-
clusively on any one internationa
banking group.
Seek Protection Only,
In the meantime considerable in
terest was expressed here over the
announcement that Mr.. J. P. Morgan is
sailing for Europe. Notwithstanding
the statement given out by the finan-
cier in New York that he was s.;1in,
Tor his annual holiday and that his
trip had nothing to do with the Lon
don conference. many were inclined
to believe that his appearance here
might have considerable effect on con-
ference negotiations.
The Anglo-American bankers re-
sent the imputation that they are
seeking to dictate to the conference
the terms of guarantees for the pro-
posed German loan. They insist that
their only interest in the matter is to
premulgate a loan which they can
honestly recommend to their clients
as a safe investment.
FRENCH ARE PESSIMISTIC.