Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-07-29
FARLEY DEADLOCK
UNBROKEN, ENJOYS
LAUNCH NEW PLAN

LONDON, July 26.-(By the AS
ISOLATED Press. Most OF the allleo
plenipotentiaries and experts, includ'
ing the American officials and unoI-
ficials observers and advisers anu
the visiting bankers today left the
problems of the interallied confer
ence to the soothing Influence OF
England's leisurely weekend while
they themselves sought relaxation
from the reparations parties away
from the British capital.
Most of the delegates were on
board the guest ships which follow
ed in the wake of the royal yacht
from which the king reviewed the
British fleet this afternoon.
Informal conversations took place
among the few experts remaining
here, with whom Col. James "A. Lo-
gan, Jr., will continue throughout
the recess, but tonight it was stated
in British official quarters that the
position between the conference ex-
perts and the bankers remained un-
changed. The opinion was ex-
presse dthat little could be done to
reconcile the differences until after
the plenary session at o'clock Mon
day AFTERNOON.
Letters to Papers
The conference deadlock has
reached the stage where letters 4
about it were being written to thee
editor of The Times but as yet MOI
settlement that will be satisfactory
has been suggested.
One proposed way out of the diff.
ficulty caused by the bankers re-
IoI e.
the German loan is to- have the al.
lied governments and the United
States government guarantee the
loan.
Should the United States fail to
agree to this, it is suggested that
the allied government should back
a bond issue on behalf of Germany
on the basis Of the Spa reparation
percentages.
Such a plan is not given much
encouragement at Downing street,
where the stand of the British gov.
eminent is that Britain is not pre-
pared to guarantee loans on behalf
of governments. The refusal to
guarantee the loan for soviet Rus
STA is. cited as a recent precedent.
Although the conference officials
admit, they have not found a formu-
la which will satisfy both the bank.
ers and the French, they do not
admit their despair, maintaining that
theoretical plans for launching the
Dawes scheme is complete and that
the happy phrases likely to pacify
the Quai dOrsay, Wall Street and
Lombard street may be hit upon
at any moment.
The great amount Of technical
work which the conference has COM
pleted and formulated into reports
for presentation at Mondays plenary
session is cited as sufficient basis
for the confidence optimism which
all delegates insist on maintaining in
the face Of seemingly unsolvable
problem of satisfying the investors
and agents that whatever money is
loaned to Germany for applying the
Dawes plan will be safe
Delegates Hopeful
The delegates say they have the
right to be happy over completing
the technical details associated with
such problems as the fiscal and eco
nomic unity of Germany for it was
upon these very questions that the
previous conferences had been
wrecked. 1t is explained that the
delegates cannot think of despairing
over the one issue which remains
for settlement for the public opinion
of the world will insist the Dawes
plan be given a fair trial. For this
reason the delegates will resume
their conference work on Monday
determined to complete the full pro-
gram necessary to make the scheme
effective before they leave London.