Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-12
berlin CAN'T PAY
At PRESENT RATES,
]. EXPERTS ARE TOLD
Germany's Position Present.
ed to ParIey by President
of ReichSbank.
DELEGATES TIGHT-LIPPED
FOLLOWING SESSIONS
Most of Afternoon Discussions Ex-
pected to Be Taken Up With
Bankers Exposition.
IMy the Associated Press.

10y the Associated Press.
PARIS, February 12.-The Associated
Press learned on good authority toda,
that DR.. Hjalmar Schacht, president o
the German Reichsbank, told the repa'
ration experts this morning that Ger.
many could no longer pay at the pres.
ent rate under the Dawes plan.
At this afternoons session, he con.
tinued to present Germany's position
on the problem of reparations before
the Young committee"
The delegates, punctual as usual ir
opening the afternoon session, were just
as tight-lipped as they had ben after
the morning session.
1t was expected that most of this aft
ernoon's conversations would be taken
up with DR.. Schacht's exposition.
Specific Points Discussed.
The Young committee went through
the lunch hour without a stop.
The geniality in which the proceed.
iings have opened continued to be 8
characteristic feature of the sessions
It is understood that this mornings
injecting got down to discussion of the
specific points at issue between Ger
many and the allied powers. Banking
lexperts not connected with the delega-
tons were called in for special lnfor-
nation during the conversations.
The cold weather which has been
affecting Paris was felt by the delegates
who called on the hotel manager fol-
some heat. One of the first things that
they did when they filed out of the
council chamber was to line up in front
iof the coal fire in the antechamber to
warm their hands.
japanese First to Arrive.
The Japanese members of the COM
mittee were the first to arrive this
morning, Mr.. Young himself, though
showing up fully half hour early. He
spent the intervening time in organiza-
tion of the days program.
II AlternateS sat with the delegates to-
day.
The new commission decided to hold
two meetings daily hereafter, and sent
"a telegram to Gen. Charles @. Dawes
hoping that it would be able to accom-
Dawes committee"
Although the delegates were not sup
posed to talk about what happened at
the meeting, 1t was learned that the
word debts" was not mentioned In the
exchange Of views that marked yester-
days session. There seemed to be a
complete understanding among the ex-
perts that the discussion was not to be
Ibroadened to such an extent that it
would involve the ability of France and
other debtor nations to reimburse Great
Britain and the United States If the
German reparationS totals were re-
Iduced.
One of the first decisions of the COM
mission was to do away with every pos
sible formality so as to expedite busi-
ness. The experts intend to finish their
work before April !. Tending toward
that object, they decided that no secre-
tary should be named, but that Fred
Bate, secretary to Mr.. Young, should be
called on for such services as a COM
mission secretary might render.
No Record of Discussions.
Then the committee decided that no
minutes should be taken of discussions
ana tnat no records should be made, ex-
cept of decisions.
Emile Moreau, governor of the Bank
OF France, proposed Mr.. Young for
permanent chairman, but without max
ing any extended remarks. This nou1i-
nation was approved unanimously,
M. Moreau led off with statement
on the French position. Mr.. Morgan
made short talk on the American
viewpoint and DR.. Hjalmar Schacht
president Of the Reichbank, set forth
an 10-minute speech what Germany
hopes the experts will do. Other dele
gates followed with brief summaries o1
their expectations.