Evening star., 1925-11-14
ITALIAN DEBT PACT
FORMALLY SIGNED;
CONCRESSO.K. SEEN
Coolidge. Mellon and VoIpi
Atfix Signatures to Brief
Document.
FOREIGN MISSION PLANS
TO LEAVE CITY TODAY
Experts Silent on Rumored Move
Immediately to Seek Private
Loans in America.

The agreement for funding ltaly's
debt to the United States was signed
this morning by Finance Minister OF
Italy Count Eolpi, head of the Italian
Debt Commission; Secretary of the
Treasury Mellon. chairman Of the
American Debt Commission, and Presi
dent Coolidge. It now awaits ratitica
tion by the Italian Parliament and the
American Congress. Indications are
that the accord will be ratified. al
though some objection is expected in
Congress.
Ceremonies incident TO the afTixing
of signatures were simple and unpre-
tentious. They took place in the
stately room on the south side of the
Treasury Buildings second floor,
where all negotiations for funding
the great war debts to this country
have taken place
High Officials Present.
The entire Italian commission and
IT'S members secretaries were pres
ent. while the American Government
was represented by Secretary Mellon
Secretary of State Kellogg. Repre-
sentative Burton of the American
commission. Undersecretary of the
Treasury Winston, who is secretary
of the American commission, and
#. G. Blair, American expert on the
Treasury war loan staff. The doCu-
i1ent signed is a small printed leaf1et
OF four sheets, in size somewhat
smaller than the average sheet of
letter paper. The agreement, In
print. covers about six and one-half
pages of the pamphlet.
Count Eolpi for Italy was the first
10 sign and was followed by Secre
tary Mellon. The usual photographs
we're taken. and the noise of explod
ing flash-light power doomed through
the Treasury corridors as II In cele
hration.
As soon as the agreement was sign.
ed by the heads Of the debt commits.
sion it was dispatched Immediately to
the White House for the signature OF
the President.
Official statements were to be issued
on behalf of both governments this
afternoon, Count Folpi announcing a
conference with the press at the May.
flower Hotel at o'clock. and Secre.
tary Mellon announcing a formal
statement would be issued later IN the
day for the Americans.
Loan Steps Uncertain.
Whether members of the debt com
mission will take steps toward obtain
ing further credit for Italy from pri
vate interests in this country before
their departure was not known.
II was explained that any announce
,nent concerning this would come from
Count Volpi himself. 1t has been an
rounced, however, both from Rome and
New York, that. following tho agree
ment here for funding the debt. sub
Stantial loans will be asked by Italy
and advanced by private interests In
This country.
Count Volpi, Countess Volpi. Under
secretary of State Grandi and Sacre
tary Vitetti of the Italian embassy
will leave Washington this evening
for Buffalo for a sightseeing trip &c
Ma CARA Falls. The remainder of the
commission, with their experts and
secretaries. Will leave at O'Clock for
New York City.
The first group TO sail for Italy viii
he the experts and secretaries, who
Will leave on the Berengaria on No
"ember is. They will be followed by
members Of the commission on the
Mauretania on November "a.
Dino Grandi, underseCretary OF
state will stop In London, where he
will sign for Italy the recently nego
fiated Locarno security pact Mr.
Grandi was one OF the delegates from
Rome to Locarno.
Runanians Next.
With the Italian settlement signed
The American commission now turns
is attention more completely to the
negotiations with Rumanians who
informally resumed conversations
Continued on Page ., Column 81