Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-03
DEBT COMPROMISE
!. EFFORT CONTINUED
Failure or Partial Success of
/ Paris Farley May Come
+ Quickly.
BY the Associated Press.

6y the Associated Press.
PARIS. May 3.-Owen y. YOUNG
and DR.. Hialmar Schacht today sough,
q last-minute solution of the ponder
Gus reparations problem in closed-dool
conferences at the Hotel George v.
strictest secrecy surrounded the sub
ject OF their conversations, but it was
said they represented an attempt to
thrash out a scheme for commercial
ization of part of the PREPARATIONS
debt which would be acceptable both
to Germany and the allies.
1t is on commercialization that the
offers of Germany and the creditor
nations thus far have ultimately come
to grief; II a satisfactory commercializa-
ton arrangement could be made a
tentative settlement would be easily
possible. Few Of the experts held any
real hope such will eventuate. however.
1t was authoritatively stated DR..
Schacht brought back no new offer with
him from Berlin and that so far Mr..
Young had presented nothing new. In
stead, it was said, both are mulling
over previously discussed arrangements
seeking to find an idea which might
be fitted into another plan which
would be acceptable.
Bargaining Under Way.
It was suggested in one source that
II Germany would agree to commercial
ize q large sum the allies might agree
to moderate the size of the annuitleS
for q limited period, with the hope
that future payments could be met
with the profits from the International
Bank or greatly reduced through dis
counting Of the American debts.
Sources usually considered most ex-
celIent. however, were all agreed today
that no tangible plan was yet in sight
there was merely the prospect that
something with several attractive fea-
lures might be evolved out OF Mr..
Young's and DR.. SchachtS confer
ences.
Whatever the outcome of the ex-
perts' conference, the result apparently
will not be attributed to lack OF efforts
to reach an accord The chief experts
conferred at length with DR.. Schacht
TODAY, SO pressed were the delegates
for time that some Of them lunched at
the Hotel George v and others at
nearby restaurant, so as to be ready TO
resume afternoon work.
No Schacht Offer.
It was obvious that the heads Of the
delegations we're talking seriously about
a possible means of arriving at an
agreement, but on what basis was not
known. It was repeated positively after
the morning conferences that no one
had made any new proposals and the
experts declined to discuss speculative
reports of propositions that might be
made.
DR.. Schacht radiated some hope
among his fellow-experts that he may
have another offer to make. He has
not made one nor said in any definite
form that he would do so. Yet there Is
an impression that he might raise the
German annuity provided that he could
have assurances in advance that his
proposals would be accepted.
His difficulty is this, should his offer
be rejected, it would be used as the
starting point for subsequent negotia-
tons between the German government
and the creditor countries. The sum
would be taken as the least Germany
must pay.
1t is thought that DR.. Schacht might
add several hundred million marks to
his 1850, 100000, which he previously
had offered if he was sure that it would
be accepted, but that he would not 60
on record with such an offer without
private and confidential assurance 1t
would not be rejected.
RrpTTAS AIUATTS pvpoprS