New Britain herald., 1925-09-25
Details Are Shrouded In Secrecy But Un- derstanding Is That Caillaux's Terms May Be Basis of Negotiat- ing.
This Afternoons Meeting Is Brief But Unusual Progress Is Reported as Having Been Made.

Washington, Sept, 25 LP - The American viewpoint was given to the French debt mission today in . meeting at the treasury between tho negotiators of the two nations seek ing d basis for settlement of the French war debt of s4,000, 1000, ,000. Hardly more than 10 minutes were required for the second joint confer ence between the debt missions which was described as having made progress unusual in such negotia- tions."
 The Americans talked to the French today" was the description given at the treasury of the meeting.
 There are always proposals and counter proposals in such negotia- | tions," under-Secretary Winston of the treasury, secretary Of the Amer ican debt commission. said. It was indicated that the Ameri- can commissioners had pointed out to the French points on which the original French offer could be made more acceptable. This was In line with the apparent feeling that the exchanges would devolve into trading proposition.
 Immediately after the joint ses- sion was adjourned, the American commission went into separate ses- sion, and the French mission will meet later In the day to go over the suggestions it received. , Another joint session probably will be held tomorrow but the French wishes In this regard will be re- spectsd.
 Are Unacceptable. Having placed what he regarded as a definite proposal before the American debt commissioners yes- terday, Joseph Cailaux. French finance minister and head Of the French mission, entered the confer ence room with the knowledge, al least unofficially. that his plan was not acceptable to some of the Amer leans as first drawn.
 Separate Meeting.
 
 after the president had met with hh cabinet in the regular Friday con, " ference. Before the French ant II American delegates gathered around " the conference table, separate meet
 ings Were held by the two groups {,
 arrange for the exchanges whicl - were to take place. IS The separate meetings were hel, a in the same section of the treasur AT building, only one room dividing tn nt two missions, While these meeting
 were In progress, experts and advi st sers of the two groups were ker % 1 busy running back and forth be ,n tween them.
 IT, Notwithstanding the reaction yes st terday 10 the first French offer, 25 was evident that some of the Amer q can commissioners were willing { st use 1t as a basis for further dlscu, as sion.
 ot Details Not Published. .st Beyond saying that he wrote
 himself coming over on the boat ar or that his colleagues on the missic
 
 ,t- were "rnity on it," NJ. Caillaux d, .as clined 10 add 10 his characteristic ,n of the French offer as "defini he proposal"
 Members of both the Americs
 and French commission put asi,
 their task last night 10 attend
 White House dinner as guests of il <el president. Present also were mer J" bers of the cabinet, ranking membe a of the senate and house foreign COT ak mittees, and, among others. ofticis to of the state department and [ mt, French embassy. lay Possible Offer. CT E Is assumed that the French pr of posal contained an offer of paymer 'ew on the principal immediately, begi
 ming with one-halt ot i per cent,
 about s20.OOo, 900, and gradually
 creasing to s F per cent with sm
 concurrent interest payments q
 substantial demands for lenier or durtngthe initial payments of int JE, est.