The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1925-08-27
SCHEME TO Get
u. S. into TALK
ON WAR DEBTS
Finds Favor at London
Anglo-French Meeting
Continued from page u

whole discussions here into a circle
whether France should settle with
England before Caillaux approaches
the United States or whether the
United States should first disclose her
own terms of settlement to France.
To get out of this circle, therefore,
1t is but natural that Churchill and
Caillaux should ask each other
whether way cannot be found to
widen the discussions so as to in
clude the counsels of the United
States.
At the conclusion of his conference
with Churchill, Caillaux hurried away
In waiting automobile to keep his
luncheon agreement at the French en-
bassy. He said merely that he would
resume his conversations with the
chancellor of the British exchequer
after the luncheon.
Get Houghton to Lunch.
Always there is the important part
which the social amenities play in
these gatherings of the political lead
et the French embassy today at which
the ambassador, M. De Fleuriau had
as his guests not only Caillaux and
Churchill, but American Ambassador
Houghton as we'll
One only needs to recall the i'm
portance which Houghton's mere
presence at similar official luncheon
assumed a fortnight ago when the
Briand-Chamberlain conversation over
the German security pact were in pro-
gress, to understand the opportunity
which today's gathering will afford
for the sounding out of Houghton by
Churchill and Caillaux.
British Are Willing.
At the foreign office it was said
Britain would welcome a three power
debt conference along the lines which
British and French leaders are dis
cussing here altho doubt was frankly
expressed whether the United States
would come into such negotiations.
Before Churchill and Caillaux re-
sumed their conversations today Call
laux had conference at the French
embassy with Montago Norman, gov
ernor Of the Bank of England. There
for twenty minutes the French finan-
c1al wizard and the head of Britain's
great banking institution discussed the
possibility of extending English credit
for the sterilization Of the French
franc. This was in reality, the dis
cussion in more definite terms, Of a
subject talked about last night when
Caillaux and Norman sat side by side
at dinner in the French embassy.
caiIIaux confers With McKenna
French Finance Minister Caillaux
went to the financial district this after
noon where he had a conference with
Reginald McKenna, former chancellor
of the exchequer, and chairman of the
Midland bank, the biggest banking
combination in England. He also con-
ferred again with Montagu Norman,
governor of the Bank of England and
other banks, broaching to both fnan-
ciers the desiarbility of a tri-partite
debt conference which would include
the United States.
While Downing street is in favor of
such a conference, the foreign office
has let it be known that Britain would
desire that the initiative be taken by
either Paris or Washington.
Thinks Meeting Significant.
The London Star commenting on
the presence of the American am
bassador at the luncheon at the
French embassy along with Caillaux
and Chamberlain, the British minister,
said this evening: "It is impossible to
avoid the significance in this associa-
ton OF the three greatest powers in
the world gathering around the
luncheon table at the height of crit
ical international negotiations"
When the Franco-English negotia-
tons started yesterday it was under
stood Churchill would ask Caillaux to
pay 20,000,O00 pounds year; and Gail
laux was prepared to counter with an
offer Of 100000 pounds annually.
British For Concessions.
AOuoy ~ Wob lCpOIbOu lldL OuuTCAllll
was willing to scale down the British
demands to 100000 pounds, and
that Cailleaux would meet this pro-
posal with an offer of 12,000,0 900
pounds.
AS basis of compromise seemed
possible on the total of annual pay
ments on the French debt to Britain,
a new snag was seen over the ques-
ton OF how much of that sum could
be satisfied out of Frances share of
receipts from Germany under the
Dawes plan.
Caillaux was said to have suggested
that two-thirds OF the annual pay
ments come from the Dawes receipts,
while Churchill was not willing to ac-
cept more than one-third. This situa-
ton, however, was generally expected
to be solved by "fifty-hfty" COM