New Britain herald., 1925-09-24
Caillaux Says Nation
Has Not Forgotten
Aid Given By U. S.
Kellogg Promises
Fair, Practical And
Workable Terms.
Both U. S. and Foreign
Commissioners Express
Hope That an Agreement
VIII Be Reached in Short
Time.

Washington, Sept. "a Up -- The
French and American debt commits
sioners, meeting here today 10 ef-
feet a settlement OF Frances $4,000
100000 war debt, pledged them
selves to face the issue as practical
men, recognizing the problems OF
each other, and desirous OF reaching
Il quick agreement.
France Hasn't Forgotten
Frances position stated by joseph
Caillaux, her minister of finance was
that his country has not forgotten
what we owe TO America for her
splendid work TO end VIGOROUSLY the
war and of the generous help our
people received from the citizens of
the United States"
Kellogg Replies
Secretary Kellogg, head OF the
American debt commission, declared
he recognized the influence the pres
ent conference may have on the
peace of the world, and described
the American desire and duty as
one in the direction of a settlement
that would be fair to all and, in the
practical test OF time, workable"
NJ. CaillauX spoke very briefly, ex-
planning that the hope of the French
was to reach settlement that would
not only be practicable insofar as
material interests are concerned but
one that would be worthy of the
past of the two great nations" He
said the discussions between The Two
commissions should go forward in
such way as TO fortify peace and
help the economic stabiiization OF
the world"
To Meet Obligations.
Il have come from France" said
NJ. CaillauN, Entrusted by my gov
ernment to meet the obligations of
my country towards the United
States.
Highly appreciater members Of
our parliament, belonging to all par
ties, chairmen or reporters of tbs
financial and trade commissions Of
the upper and lower house, have
been SO kind as TO accompany me.
Like myself, these gentlemen havs
the greatest desire to reach a settle
ment
1--WE do not forget and no one In
our country will ever forget what We
owe to American for splendid work
TO end VIGOROUSLY the war and for
the generous help our people re-
ceived from citizens Of the United
States in time Of need. We neither
/, forget and We feel sure that nobody
, on this side Of the Atlantic forgets
the ties knotting these two countries
together since the eighteenth CEN
, tury.
Now, II you wish. we'l 90 tc
work as practical men, deSirous to
come to settlement satisfactory fol-
all material interests, worthy of tbs
past OF the two great nations, com,
bined In such a way as to FORTH,
peace and help the economic stabili
zation in the world"
r Mellon Makes Reply.
Replying to the French minister
Secretary Mellon said:
One by one the world Is over
= coming the effects of the war whicl
u so long after its termination linge
1t with us. The Dawes plan Is a for
ward step towards economic stahllit,
" in Europe. The reconstruction o
Ut devastated areas approaches conclu
= sion; governmental expenditures ar
: becoming more regular. more Ger
) tain OF estimation and more possibl
III OF being met through taxation; an
budgets approaching equilibrium
'e There still remains, however. loos
y ends to be gathered in. War an
is postwar governmental debts /
nc many cases remain un5ettled.
TO establish the binding charat
tor of an International promise ar
to protect Its own citizens, the cred
tor nation must seek adjustment. 7
" keep good its word and go give 4
n self time to recover its prosperit
OF the debtor nation must determine I
&C. future liabilities. No concern ca
Sc successfully be reorganized in Il
u.s. face OF an urfunded demand ohligI
Of ton. So we meet here In count
sis as business men TO conclude Il
matter which Is In controversy b
Ter tween our two countries.
he I'VE were glad TO receive the he
ir- which France extended to us witt
we were fighting fer our indepe
gn dence. and we were eager to NAL
er- some return In Frances own gre
ce. need. The war is over, but We m,
gal imize neither the burdens France h
re- borne, nor the difficulties whi
menace her future. Through {
necessity OF recreating her destroy
productivity, through postponeme
lrd Of reimbursement from destroy
lm her present fiscal situation has be
for permitted to become impaired. Y
ore should make allowances for q
no condition. France now faces h.
sels ever, all Of the facts under strI
red leadership and with the coers
Ind which withstood the assaults
by verdun. The condition IL I
the lpermanent. France will emerge s'