Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-13
Thomas Nelson Perkins of
Boston Is Appointed to Be
Their Alternate.
OFFICIAL ANNOUNCEMENT
is EXPECTED ON MONDAY
Selection of Banker Would Facili-
tate Possible Flotation of ST.
000,000, 1000 of Reparation Bonds.

j. p Morgan, head of j. p. Nor
gan &; Co., and Owen D. Young. chair
man of the General Electric Co., will
be the American representatives at the
forthcoming conference in Paris of the
allied and German financial experts
who will undertake to work out a So
luton of the German war reparations
problem.
Thomas Nelson Perkins, lawyer and
financier of Boston, and for two years
the United States citizen member of
the reparationS commission, will serve
as alternate for both Mr.. Morgan and
Mr.. Young.
Despite his preeminence as the most
powerful financial figure in America. If
not in the world, Mr.. Morgan will oc-
cupy second place in the American del
egation, leadership of which has been
intrusted to Mr.. Young. Nevertheless,
the bankers consent to associate him
self, as we'll as the international pres
tige of the House of Morgan. with the
delegation in any capacity was hailed
today in the, extremely limited circle
where Mr. Morgan's decision became
known as most auspicious augury for
the success of the pending negotiations
and for the ultimate settlement of tho
whole vexing question of German rep
arations.
Announcement of the appointment of
the American experts has not yet been
made officially, but through channels
which permit no reasonable doubt OF
the authenticity of the information 1t
is learned that the invitation was ex-
tended to Mr. Morgan by the Repara-
tions Commission, and the banker ac-
cepted, as we'll as Mr.. Young and Mr..
Perkins Official verification of this ex-
elusive information is expected Monday
from President Coolidge.
Morgan Appointment Surprising.
The news that Mr.. Morgan has con-
sented to serve ON the delegation will
come as a sharp as well as pleasant
surprise to those all over the world
who are interested in solution OF the
problem of German reparations aad
the associated question of international
ton of Mr.. Young to head the dele
cation and of Mr.. Perkins to serve in
some other connection had been tore
cast, conjecture on the identity Of the
second expert was never extended, even
among informed financial men, to in
clude the name of Mr.. Morgan.
Following his almost invariable rule
Mr.. Morgan announced In New York to-
night, when his comment on the ap-
pointment was asked, that he had moth
ing to say.
Mr.. Perkins at his home in Westwood.
Mass, also withheld comment in ad-
vance of the official announcement.
while Mr. Young, at whose conference
with President Coolidge yesterday it Is
presumed the appointments were de-
cided upon. was reported to be in upper
New York State and could not De
reached.
Aside from the inestimable value to
the coming Paris conference Of Mr. Nor
gan'S exceptional knowledge and ability
as an international f1nancier, the most
important feature of his decision to take
up the reparationS problem Is seen IN
connection with the contemplated issue
of reparations bonds.
S2.OOO,O0O,OOO Bonds Favored.
According to the plan most favorably
considered at present, issues OF German
bonds, secured by the SoundeSt material
assets of the Nation and totaling prob
ably some $4,000, 900, 900, will be floated
in every civilized country in amounts
allocated according to capital available
In each country for their purchase. The
proceeds, of course, will be devoted to
the payment of the bill lodged against
Germany by the Allies for damages in
flicted in the war
With the head of j. p. Morgan d
Co. in the post of technical adviser to
the reparations commission, the. f1ota-
ton of these bonds, especially in the
United States, where market will be
sought for approximately 100000 900
worth of them, will be greatly facilitated.
1t is assumed not only that the entire
resources of the powerful Morgan In
tereStS will be marShaled to expedite
their sale but that Mr.. Morgan'S inti-
mate connection with the transaction
will assure the best possible market for
the securities. 1t is deemed probable,
too, that the bankers active participa-
ton in the reparations settlement will
be reflected in higher prices for Ger
man bonds already held in this and
other countries.
Although Mr.. Morgan's appointment
followed Mr.. Youngs conference here
with President Coolidge and Secretary
of State Kellogg the administration re-
peatedly has made 1t clear that the
American experts assigned to the Repa-
rations Commission will in no sense
represent this Government. Both Mr.
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