New Britain herald., 1925-10-01
Offer Rejected Alter Conference With Cool idge - Caillaux To Report On American Suggestions This Aft ern00n.
Five Year Agreement at 20 Millions a Year, Then New Conference, Is One Alternative Arrange ment.

Washington, Oct. 1 R,-France's proposals to date for settlement of her war debt to the United States have been found unacceptable. and today, the last day of the scheduled stay in the United States of the French financial mission, feverish efforts were put forth In an effort to find common ground for agree ment.
 The width of the gap separating the offers of French Finance Min ister Calllaux and proposals of the American debt commission is mat ter of pure conjecture. The two missions were called into joint ses- sion today to once more go over the situation.
 Prior to this meeing, however, members of the American commis-
 sion went to the White House and
 laid the whole situation before
 President Coolidge. Secretary Mel
 lon then issued statement declar-
 ing all French propositions had proved unacceptable, but not indi eating whether any American pro posal had found favor with the
 French. & Secretary Mellon's statement said: l Text of Statement 1. "The representation in the press . on the supposed authority Of mem l, Iber of the French commission that
 agreement has been reached and V purporting 10 give the terms is en- l tirely incorrect. Such statement = obviously did not come from Nj, '. Caillaux, because before the adjourn - ment of the subcommittees last eve V ming the French members were in
 formed by the American members
 that their proposals were not likely
 to be accepted,
 U. S. Commission United n There have been no differences ] or opinion whatever amongst the
 American commission. The visit to
 the president this morning was 10 F inform him of the position of ne-
 gotiations. No proposal has been
 acceptable to the American commis-
 sion and none has been submitted to
 the president for his approval or 8. disapproval."
 m Several Alternate Plans al It was indicated that the Ameri- 1e cans had in their possession several . alternate plans with which to coun- a ter the French propositions and the 90 hope of the settlement hinged large. n ly on the acceptabiity of one of ed these.
 he The American commissioners held os q meeting after leaving the White CT House. and their talk with the
 French mission lasted perhaps IL in minutes, after which the latter re. he turned to their hotel.
 ry It was indicated that the Frencl he took with them tho suggestions . from the Americans concerning CT changes in proposed payments. 'c- It was accepted generally that tn ,al Americans still regarded the initia IS payments of the French as too low Finance Minister Cailsux informet 1st Chairman Mellon of the America Tor group that he would return about ds p. m. with the French views. t. Five Year Period
 One of the suggestions made fror
 the American commission was ths
 a temporary arrangement might b 20 made, covering payments by Franc ,or for five years after which snothe ,I- meeting of the missions would | law held to work out R permanent al ca, rangement. figure of s4o,Ooo,oo ,n a year for these five years, was sus the gested in one quarter as possih avs solution.
 There was some objection with ing tbe French mission to temporar ord arrangement, which would necess She tate reopening the whole uuestic nal, at later date,
 ing While the American views we con being digested. M. CaillauX Jcin' one Secretary Mellon at luncheon in |
 effort 10 bridge by personal contra . the differences between the V
 groups.
 A plan which has been conGder'
 would call for an annual avera fS payment of about s9S, ,ooo, oon spre' AS over a period of s2 years. beEinnii
 with comparatively small fgur' ,m. and running well above sioe,oo' , of 900.
 red. . pre- EiaiiS f'r bt p"I