Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-07-29
McC|LLICUDDY SEES SMALL
ADVANTAGE FOR DEMOCRATS
IN maine REPUBLICAN SPLIT
ATTITUDE OF US.
SERVES To PAClFY
LONDON CONFEREES

London, July 2S-(By A. PIN
ter -allied conference circles tonight
are crediting American Intervention
ernoon with having saved the con-
ference from what threatened to de-
yelop into n crisis that possibly would
have wrecked the parleys and seri-
Dawes plan to Europe's economic
ills.
During the meeting of the experts
prior to the plenary session. the de-
bate between the French and Brit
ish representatives on the issue which
has been deadlocked in the confer
ence for week had reached very
dangerous stage when Colonel James
A. Logan, the American official OBJ
server, seized the opportunity to Of
fer compromise suggestions which
lessened the tension OF the meeting.
AS soon as Colonel Logan had fin
iShed his statement, which covered
important points regarding Ameri-
can participation in the working of
the Dawes plan, the French represen-
tative announced that he believed
within "a hours the French delega-
ton could submit a formula which
they believed would satisfy both the
British EXPERTS and the Anglo-Amer
lean bankers in its provisions ior Sc
curity for the international loan
which Germany must float before the
Dawes plan can be made effective.
Consequently the experts meet
ing adjourned until tomorrow morn
ing when the French proposals will
be heard.
The inability to reach settlement
today, however, disrupted the pro-
gramme of the conference and the in
vitation which it generally had been
expected would be dispatched to Ber-
lin tonight requesting the attendance
of German representatives has been
delayed Indefinitely, but it is hoped
it will be sent forward wednesday Or
Thursday.
Disappointment over the prospects
of an extension of the negotiations
was somewhat relieved by another
announcement Colonel Logan made
to the experts. This was to the effect
that the United States would not
have any objections to the cooper
alton of an American on the roper
alton commission for the purpose of
voting with the other members on
August Is to decide whether Ger
many has passed the necessary legis-
lation to make the Dawes plan
operative and also whether the
agent general for reparations under
the Dawes plan has taken up his
duties.
This announcement, coming at a
moment of seeming despair, produc-
ed buoyant atmosphere even
among the allied representatives
who realized they still were tightly
deadlocked on reconciling the bank
ers on the question of the security
to be provided for the Germany loan.
The feeling among the delegates was
that the United States through her
official observers was not overlook
ing any opportunity to be helpful in
smoothing out the difficulties among
the allies.
Colonel Logan was careful to
point out. as he was in making a
similar announcements on the open
ing day of the conference with re-
gard to the American attitude to-
ward the appointment of an Ameri
can citizen as agent-general of rep
arations, that any appointee should
be considered merely as an Ameri-
can citizen without influence or dir
ections from Washington.
The opportunity which Colonel
Logan took for explaining his gov
ernment's attitude toward a United
States citizen on the PREPARATION
commission also provided him with
an opening to express his views on
the differences between the bankers
and the conference on the security
for the German loan.
Colonel Logan said II was his
opinion too much emphasis had been
placed on the'reported views of the
American bankers. He was perfect
ly satisfied that the only interest the
bankers had was to find security for
possible investors in a German loan,
and that no political issues had been
raised by the American financiers.