Evening star., 1924-07-20
YOUNG FORMULA WINS.
American Author of Plan to Break
Farley Impasse.
BY JOHN l.. BALDERSON.
(By Cable to The Star and New York World

(By Cable to The Star and New York World.
Copyright, 1924.)
LONDON, July 19.-From a source,
not American, I learn, and repeat
under reserve, although 1 believe it
to be true, that a strongly worded
lcablegram from the State Depart
ment was received yesterday, warn
ing the American delegates not to at
tempt mediation between the quar-
reling allies. This is believed to have
been inspired by newspaper reports
of American unofficial initiative in
settling the Anglo-French dispute.
If the cablegram came. as it is
said, 1T was shown to NJ. Herriot, and
caused CONSERVATION to the French
premier. 1t came too late. American
medIation-uno official. of course. so
unofficial that it never was infected
in the shape OF written text into
the conference-hadt triumphed with
| in day after the telegram warning
against such interference is said to
have been received.
Threat of Break Averted.
The political subcommittee. thanks
to the compromise suggestions by the
Americans, reached an agreement to-
day on the, issue that threatened to
| wreck the conference. Credit for the
successful solution belongs to the
Owen Young formula, which, though
not brought forward in the confer
ence because it was American. was
aoopteo In It's essentials, also because
it was American.
The French compromise text. based
on foung's unofficial and privately
| circulated memorandum, was published
today: and this was accepted, with
one important change, after three
hours debate this afternoon. Three
1 hoJ
Journed while the experts drafted new
| texts. The only important change.
| however, was the addition, to para
graph three of the proposed amend
ments to the Versailles treaty, of a
| clause to the effect that sanctions in
the event of German default will he
invoked by the reparations commits
| sion only after consultation with m @
agent-general for reparations and the
| representation of foreign bondhoId
ers.
Given Veto Power.
These two officials will be English
and American. and Snowden's original
plan gave them veto power against
| sanctions.
The French stood firm against the
| original plan. Herriot told Macdonald
at the breakfast conference that to eo
PACK to Paris after giving up the
french right to separate sanctions
| without foreign approval would GER
tainly lead to his being thrown ant
OF ONCE by PoiHcare. Accordingly
the British have yielded and the
| French have won.
French Make Concessions.
Summing up the results of the first
| serious clash in the conference. the
| French have retained the right to act
aIone III they choose, but at the cost
OF agreeing to an unofficial American
on the reparations commission to vote
| in case default is claimed. and OF
| promising that the interests of bond
holders will not be impaired, and tina,
the first fruits of any such future
| German loan.
NJ. Hymans, Belgian foreign min
lister, after an agreement was
reached in the subcommittee, deliv-
| cred an eloquent address urging the
| allies not to quarrel about texts and
| impair the will to settlement with
which all are imbued. Other dele
| gates took these remarks to them
selves. At the close OF the con-
| ference Col. Logan expressed unoff1-
cially the pleasure of the United
| States. and assured the subcommittee
that. when news of its successful
| labors becomes known, 1t will have
an excellent effect on public opinion
| in America
Hughes Words Help.
| From a leadlns memDer OF the con-
ference learn tonight that an agree
ment is expected generally by next
week. The allied premiers would in
vite the Germans to come here then.
| but for the fears expressed by Her
| riot to the effect that this would be
disastrous politically for him, and
hence for the Dawes plan in Paris.
/ The arrival Of Secretary Hughes to-
day. and his statement that the Amer
| ican Government and public sentiment
| are strongly behind the Dawes re-
port helped and will help further the
strong forces striving for an agree
ment. There still are thorny places
to cross, but at the present moment
| the stock. Of the Dawes scheme has
| scared. Pessimism was rife in in
| formed quarters Thursday There
was doubt on Friday. That gave way
to the conviction today that the in
| genuity of disinterested and trusted
| unoficial observers will bridge the
disputes to come as they did the al
| most insuperable breach In the sub
| committee.
GERMANS DISPLEASED.