Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-06-07
DEBT PACT SIGNED,
LEAVING NEXT STEP
TO GOVERNMENTS
Ratification by Signatory
Nations of Experts Re-
port Necessary.
DETAILS OF PROGRAM
YET TO BE DECIDED
War to Be Liquidated by 1889
Under Terms of Agreement, Made
Possible Through Americans.

B. the Associated Press.
PARIS. June THE experts report
liquidating the long controversial repa
rations problem that has troubled th'
peace Of Europe for the past 10 years
was signed at the Hotel George today
The signatures to the historic docu-
ment. which fixes the payments that
Germany must make to the alliec
creditors for the next SO years, were
affixed at $50 pm. Ql:5o am. Eastern
standard time).
Next Move Up TO Powers.
It had been planned to sign the re-
port at 5 pm, Paris time N1 am. East
ern standard time), but as it was almost
that hour when the last-minute polish
ing had been completed the signing did
not take place until $50 pm.
With the long four months negoti-
ations. that at times threatened to
break down, now definitely settled. the
next step is up to the governments
involved. ratification of the experts
recommendations being necessary as
we'll as complete plans for working out
the details.
BY the settlement the German ex-
perts gave their approval to the an
nuities suggested by Owen D. Young,
American financial expert, whose un-
.ceasing labors to find some sort of an
agreement at last had been crowned
with success.
The delegates placed their names
upon the report in the japanese tea
room Of the George v Hotel, which
had been closed to the public since
4 February IL, when the conference to
settle the reparations problem began its
long labors.
Microphones Record Sounds.
The sounds as well as the sight of
today's eliminating ceremony were re-
corded, n1icrophones being present as
well as cameras and flashlights.
Four noted hnanciers who sat in on
that first session almost four months
ago were missing when the final scens
was enacted Lord Revelstoke, noted
British financier, died in the midst of
negotiations, when the conference
seemed on the rocks. Worn out By
his exertions, he collapsed from the
strain and died of heart disease. Dr..
Albert Voegler, German delegate, re-
signed rather than make any further
concessions to the allied demands. j.
P. Morgan of the United States went
home as soon as he was sure an agree
nnent had been reached, while Sir
JOSIAH Stamp. who bore the brunt of
all the work in the British delegation
after the death of Lord Revelstoke, fol-
lowed Mr.. Morgan's example He went
to sea to recuperate his almost ex-
hausted forces and now is making 0
cruise on his private yacht
Working During Night.
In order to finish their work today
all the experts, their secretaries and
other helpers worked night and day
during the past week. They worked
late last night and went without lunch
today Almost to the very moment of
signing their names to the report, they
were busy putting the finishing touches
upon it.
The delegates of the six creditor ma
tions and their debtor, Germany, aflxed
their signatures while cameras clicked
to the fare of calcium in the hotel
tearoom and sound recording instru-
ments caught the very scratching of
the pens.
The document which they signed,
after long arduous labors, was designed
10 liquidate the World War by the end
of the year 1889 Just rs years after it
began.
Sign in Alphabet Order.
From now until 1889 Germany. by
the terms of today's agreement, must
hand over to her creditors in money
and goods almost 100 900 900 900 marks,
or nearly s24 100000 900.
The plan, signed this afternoon, will
bear the name of Owen D. Young. 1t
will replace the Dawes plan. 1t was
signed by financiers from the United
States, Great Britain, France, Belgium
Italy, Japan and Germany.
The delegates signed in alphabetical
order Germany (Allemagne) was the
first to sign the French text and Bel
GUM the first to sign the English text.
At 5:45 pm. 1l:45 am Eastern
standard tirne) 100 journalists were
ushered into the tearoom and the sign
ing began almost Immediately there
after. When the signing had ended
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