Evening star., 1925-11-09
ITALIAN DEBT BODY
DELAYS DEPARTURE
Postpones Tentative Date of
November 18-Rumania
Opens Farley.

Postponement of a tentative sailing
date, set for November IS. by the
Italian Debt Commission and opening
of negotiations between the Rumanian
and American Debt Commissions
marked the twofold activity of the
American Government today looking
toward funding of war debts.
The Italians, who have been here
for a week, were understood this morn
ing to be prepared now. with their
sailing postponed. to meet the Amer
lean commission in negotiations which
may lead either to a sudden break or
protracted discussion. Although the
1talian-American parley is understood
TO be In a serious stage, with the two
parties far apart. every effort will be
made, beginning at a joint meeting of
subcommittee scheduled this after
noon, 10 compose the differences.
Rumanians Open Farley.
The Rumanians opened formal con
versations at the Treasury this morn
ing on the funding of their SAG, 900 900
debt to the United States. Opening
statements were made by Chairman
Mellon of the American commission.
who welcomed the visitors. and by
Nicholas Titulesco, president of the
Rumanian delegation.
Secretary of the Trea sury Mellon
according to an official statement aft
erward, welcomed the Rumanians and
expressed the belief of the American
commission that an amicable settle.
'ment would be reached, fair to both
nations
The president of the Ruman anian del
egation replied as follows:
"On coming in touch with the
United States World War Foreign
Debt Commission the first task of the
Rumanian delegation is to express
our deep gratitude for the help re-.
ceived from the United States in the
difficult years we had to pass during
the great war.
Intend to Pay.
The second task of the Ruma nian
delegation is TO tell you that we have
come here in the firm intention of
reaching a settlement which will al
low Rumania to pay her debt TO the
United States Government on terms
to be agreed upon between US, which
Will take into account, among other
factors OF the problem our present
possibilities and their future develop
ment, so that both countries will be
mutually satisfied.
Il wish to end by assuring the hon
orable commission that you will find
in us, delegates animated not only by
the consciousness of our obligations
and eXigencies of justice, but also me-
gOtiators of a practical turn Of mind
who will endeavor to remain all the
time on the solid ground of reality
which, in our opinion. is an essential
condition for the successful outcome
of our mission
The Rumani commission prior to
its opening meeting with the Ameri.
cans made official calls of courtesy
upon Secretary of State kellogg and
Secretary Mellon.
Session Prolonged.
At the conclusion of the Joint meet
ing the American commission con.
tinued in session for some time to
consider. 1t was understood both the
Rumanian and the Italian nepotia
t1ons. No time has been set for the
next meeting with the Rumanians. II
was announced
Inese Italian negotiations, it was
admitted on both sides, are ma ssinr
through critical time. Some hone
is being expressed on both sides that
an agreement may be reached. ON
the other hand, there are close oh
servers among both Americans and
1tailans who feel that prospects for
an accord are slight. The of1cial
silence, which since the beginning has
shrouded all details of the neeotia
tlons continued today.
The action Of the Italian in cance,l
ing their passage for November 1s
was regarded as significant of their
desire to reach an agreement II ar
all possible, even to the extent Of nro.
longing sessions indefinitely. II was
learned. however, that the Itaiisn
commission feels that it has gone a
far as 1t can go in it's offer to settle
the $4,000, 100000 debt and that anv
further concessions must come from
the Americans. How far the Ameri
cans would go was not forthcon,ins
from any American quarter today.
Hope for Concessions.
The hope which has been persist
emily expressed by some members
of the American delegation and by
President Coolidge in the face of a
known wide divergence of opinion
between the two national viewpoints
has been reflected to some extent
Continued on Rsge 2. Column q