Evening star., 1925-11-02
ITALIANS REOPEN
WAR DEBT PARLEY
Negotiations for Settlement
of S2,138,OOO, 900 Due U. S.
Get Under Way.

Nlth comprehensive preparation III
| readiness. negotiations for funding the
Italian debt OF S2,13S. .000.0 900 TO the
United States today got under way.
Calls Of courtesy were made by the
three ranking delegates of the Italia n
debt commission, headed by Finance
Minister Count Nolpi upon Secretary
Of State Kellogg and Secretary of the
treasury Mellon. and the first furtna
Joint session between the Italian and
American commissions was set for 4
o'clock this afternoon.
Whether the visiting delegation
planned TO lay its first offer on the
table this afternoon was not known.
but the most reliable indications
pointed to session of formality, with
opening statements from both sides.
and the usual photograph inevitable
at the first session.
Earnest Spirit Appsrant.
a spirit of earnestness seemed 10 be
apparent this morning on the part of
members of boths commissions as the
negotiations are recognized by both
as being an approach TO a difficult
problem.
Italy has sent to the United States
outstanding men of her government.
prepared to make settlement OF her
debt TO the United States, if at all
possible within the capacity uf the
country to pay as recognized by the
home government
The American Debt Commission
will approach the problem, as 1t has
approached all other funding necotia
tons, II was learned. looking toward
settlement, if po ssible based on
Italy 9 capacity to pay
Both governments have outlined
what each believes to be that caDacity
and already the American commission
has been furnished with elaborate doc.
umentary evidence Of the Italian posi-.
ton.
Returned For Data.
The preliminary negotiations las
summer We're conducted in the form
of conversations between DR.. Mario
Alberti, and Amba ssador de Martina
for the italian government with See.
retary of the Treasury Mellon and In.
dersecretary Winston, chairman and
secretary respectively of the Amer
lean Debt Commission. DR.. Albert
returned to Rome for further data
which he compiled in conference vii h
his government and forwarded some
time ago. through the Italian emba ssy
mere, to the Treasury Department.
No time has been set for the return
OF the Italian commission to Rome. al
though there were some unofficial in.
dtcations today tending to show that
the visitors expect their STAY to be
snort. 1t has been intimated how
ever, that they will remain as long
as necessary to go over the entire
range OF possibilities looking toward
Il settlement.
There were evidences Of confidence
on the part OF both commissions to-
day. Failure of the French commits
sion recently headed by the now
fallen Finance Minister Caillaux to
reach settlement with the American
commission over the French debt to
the United States has added n tinse
of seriousness to the visit of the ItaI.
ians. There have even been express
sions from Rome that the fail of
Caillaux and closing of American
credit to France should be taken as a
warning by the Italian commission
Nothing official on this question. how
ever, has been forthcoming.
Coolidge to Entertain.
Tomorrow night President Coolidge
will entertain at the White House in
honor of the visiting Italian commits
sion. The guest list has not been
made public, but it is understood to
follow the general lines of a similar
dinner given for the French debt
commission. There will probably be
representatives from both commits
sions, the foreign relations commit.
tee Of the Senate and foreign affairs
committee of the House Much sig
nificance is always attached to such
social engagements at the White
House, as the opportunity thus offer
ed for exchange of social amenities
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