The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1925-09-28
STATEFRENCH
POSITION IN
DEBT PARLEY
CaillauX Argues in Support of
Original Funding
Offer
Obs ECTIONS FILED
Finance Minister Outlines
Frances Capacity
TO Pay
FILED

Washington, Sept. 2S.-LE)--
Notwithstanding the optimism q.
Secretary Mellon, there was
disposition in some Americah
commission quarters to regard
tho latest French proposal az
substantially u repetition OF the
first French offer. Among these
members optimism was not re.
Elected
When the missions met at the
treasury there was u tendency
among some Of the French dele
gates to show. on the surface at
least. degree Of discourage.
narnt. hut later this cloud appar-
ently had lifted somewhat and
they were more cheerful.
The delegates felt that much
depended upon the conversations
for the next day or two.
American commissioners who
chose TO take the more pessin,is-
that VI. CaillauN's latest move
did not improve over the first
one sufficiently to warrant great
h'pcs. although others hold that
the two commissions really got
to the point Of actually talking
terms.
Washington, Sept. 2S.- P)--A new
method Of approach was laid out to-
day at the third joint session Of the
American French debt missions
which are trying to find common
ground for settlement Of the French
war debt.
Joseph Caillaux. French finance
made new suggestions re-
lating to the French capacity to pay
and presented defense Of the prin-
ciplcs Of his first offer, which was
This required less than 50 minutes,
and at separate meeting of the Amer
lean commissioners it was decided
that Secretary Mellon should have Il
reply ready to be presented to the
French at another joint session at
4 o'clock this afternoon.
state Position
The statement by NJ. CailauX was
declared to have been 4 blunt repre-
scntation Of the French fiscal posi-
tion, and to have elucidatcd the min
ister's declaration last night that his
original proposal was considered by
him and his colleagues to be the best
they felt they should make.
NJ. CaillauX in the meantime will
meet with his own associates to give
further study to calculations made
by the French experts relative to the
effect the suggestions made Friday
by Mr.. Mellon would have on the
French fiscal position.
Both sides we're reticent today and
when NJ. CallauX left the joint meet
ing he said as II general reply to in
quirers that Mr.. Mellon had re-
quested him to say nothing Of dis
cussion which went on in the morn
ing session.
Mellon Hopeful
Mr.. Mellon declared he continued
hopeful. He will meet again with
his colleagues two hours before the
scheduled joint session to go over
with them the reply to the French
suggestions which were understood
to represent, in measure, an i'm
provement over the original French
proposal.
The French position in regard to
her 81, 200, 100000 debt to the United
States was argued again today by fl
nance minister Joseph Caillaux in
the third meeting of the French and
debt commissions.
Meeting at the treasury shortly
after 10 O'Clock, the two missions
went into joint session. and less than
30 minutes was required to COM
plete the business on hand.
1t was apparent that most Of the
session was taken up by the French
delegation in defense of its offer.
When NJ. Caillaux and his colleagues
left the treasury building they de-
clined to discuss the progress of the
negotiations in any way,