Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-28
G|LBERT'S future
CAUSES QUANDARY
interest Shown in Plans of
Preparations Agent at End
of Dawes Plan.
nv WILLIAM RUFUS SCOTT.

What action will be taken by s.
Parker Gilbert. agent general for rep
aration payments. In view Of the delay
of the powers in agreeing on the Young
plan at The Hague conference, is a
subject of keen interest in washington
and New York as we'll as In Europe.
MIR. Gilbert's personal plans may be
upset by the turn OF events.
When the committee Of experts
adopted the Young plan in Paris on
June Z Mr.. Gilbert began preparing in
Berlin TO wind up the work OF the rep
aration organization under the Dawes
plan with the intention OF turning over
its functions. to the proposcd new
Bank of International Settlements"
which. under the Young plan, was TO
receive and distribute German war debt
payments.
At that time. 1t seemed that Mr.. Oil
bert and the IA other Americans on the
reparation staff in Berlin could be back
in the United States by Christmas.
Now the complete putting into erect
OF ,ne Young plan by September as
originally contemplated. Is Impossible,
while the delay may be much longer
ference at The Hague. In tn Situa-
ton what is Mr.. Gilbert likely to do?
Must Revise Plans.
That MIR. Gilbert considers the
Dawes plan remains in full force and
therefore that his organization must re-
wise its expectations of diSbanding. ana
the American personnel returning nome,
is shown in the report issued by Mr..
Gilbert in July on the fifth annuity
80 no V,1o n |
THE new plan recommended by the
experts" stated MIR. Gilbert. lis now In
TIE hands of the governments and
awaits the necessary action on tnoir
mart to nut II into effect. Until then
the experts' plan Of 1924 Dawes plan'
remains in force. and It's provisions
continue to govern reparation payments
and transfers"
Since Mr.. Gilbert Is not oelleVeo 10
have planned to return before me emo
of the YEAR his direction OF the dawes
pan may be expected 70 con'.nne 70.
least until that date. Thereafter ms
course is still to be defined officlahv.
whether he had tempting offers from
American financial institutions on inc
ass,,mption that the Young plan "outn
become operative and theeby set Nun
free is one of the lines OF speculation
here and in New York. 49,
There is. however. one post IN tne
nroposed 500. 900 900 internatlona! nsnA
that might interest Mr.. Gilbert II IL
offered to him, but that oner cahhos
be made oficially until the oahA i ne
heen established. The directors OF the
hank are empowered to appoint lts
chief executive officer" This executive
would he the kew man III the BANK JUST
as Mr.. Gilbert has been the Key man
in the Dawes plan. The salary preSum-
ahlv would be large one and the posi-
ton conspicuous one in view OF nc
new experiment in international nnance.
Logical Selection.
s;rce NO one in Europe or America
hos The grasp Of the reparaion PROB.
lem nossessed bv Mr.. Gilbert natural
assumption might be that the lntereS.ea
nowers would consider Mr.. Gilbert the
iopical man to take charge OF the DanH
ond effect the transition from the
Dawes TO the Young plan.
However. an offer of this position
r,ust await the organization OF the
board of directors. who are 10 De naneu
from the seven nations which Grew up
the Young plan. u IS possible, y.
course that some unofficial intimatinos
have heen given to Mr.. Gilbert about
the position that might be interesting
In him. but the jealousies among the
movers over the International BANK
leave many undisclosed factors that
make prophecy unsafe. Mr.. Gilbert
could be named director OF the bank
and thereby give whomever is mace me
executive officer the benefit OF MS ex-
perience. oa ,r
When Mr.. Gilbert was named IN
1924 to manage the reparation once IN
Berlin he attracted attention py ms
vouthfulness. then marked only by the
record he had made in the United
states Treasury. Within short time
nevertheless. he fully justified Secre-
tary Melons confidence in him. and IN
A position which required supreme tact
as well as great financial abilities ne
has won the esteem not only OF the
Allies but of Germany as well.