The Birmingham age-herald., 1924-07-28
AMERICAl PLAN H RELIED UPON TO BREAK LOCK Alteration In German Protocol Is One Pos
 sibility WILL AVERT BLAME FROM WALL STREET English Banks Are Just As Firm For Guar
 antees
By CHARLES M. M'cANN,

(Leased Wire to Inc Age"HeraLo.l
 LONDON, July 27.-American diplomats and bankers will take the center of the stage before the allied reparations conference opens Monr day, in an attempt to remove the deadlock between France and the bankers which is holding up the conference and it's plans to install the Dawes plan on working basis.
 American influence also will be used to. prevent any faction of Europeans from attaching tn e blame for the present situation on the bankers of the United States. Many French and British news papers are uniting in accusing Wall street, declaring that the money powers from overseas have made unreasonable and even impossible demands. A m erican n observers, however, point out the well known fact that Montague Norman, head of the Bank of England, has been as adamant as any in the demand for further guarantees against an impulsive declaration of possible German default or separate French action.
 To Intervehe.
 The American plan is subject to change owing to the constantly shifting situation which confronts the confer ence, but it has been decided that un- less someone else moves to break the ileadlock--and there is no indication thus far that this is likely--the Ameri- cans will offer suggestions they have been framed which would alter some what the proposed protocol which Ger many wilisbe asked to sign.
 They then will point out that the Aperfcans haye not yet given their 0piHlu Heas rdiii ie ace ity s tho document in qsteeti0n a 6aAef words, 1t will De iittimhted that Ameri- can bankers as | whole, may not agree on previous statements to the effect that the proposed $200, 900, 900 Ger man loan is impossible under present conditions.
 There is no doubt that the American bankers, like the others, want guaran- tees that their money will be safe if they underwrite a large part of the loan which is necessary to launch the Dawes plan. But aside from the bank CTS, there is a general resentment among Americans who have been watching the conference, against the attempts to blame Wall street alone for the present condition.
 May Seek Status Quo.
 TR ALo ,,,ooov.A ,,Iau ok 4ko Az.~-sno,..S who, of course, are acting in a purely unofficial cGpacity, Is carried out, and the new American suggestions, which are purely tentative, are not approved, it is expected that they will suggest that the conferees proceed with other busi- ness, leaving the question of defaults in a status quo. This suggestion will be accompanied by a hint that it may be possible to satisfy the American bankers if the report of the conference as whole shows signs of good will.
 The conferences first committee will meet in the morning prior to the plenary session and Colonel Logan, American observer with the repara- tions, commission, probably will bring up these questions.
 Regardless of any other developments, the plenary Session, meeting in the afU- ernoon, intends to invite the Germans to London. Even if there Is no prog ress in any other part of the work, the conferees, in order to pGevent fur ther delay, want to hear the arguments of the Germans, who, they believe, will be sufficiently amenable. WelI-in- formed Americans declare there is no question that Germany will accept the Dawes plan. This is one factor which has increased the optimism of the Amer jeans. Another is the portion of the proposed protocol dealing with the eco homie evacuation of the Ruhr. It is believed that this may go far to satisfy both the bankers and the Germans, for the protocol as a whole, is said to look much more attractive than the portion la.ls.... ...sA .l.s...IL.. = v