Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-12
MORGAN IN LONDON
TO HELP MEDIATE
DEBT DIFFICULTIES
Report Confirmed That U. S.
CAPITALIST Is in British
Banking Office.
SNOWDEN ASKS PARLEY
DELAY UNTIL WEDNESDAY
Macdonald Gives Chancellor Back
ing in Demand for Plans
Revision.
Nv th. Associated Press.

LONDON, August 12.-J. P. Nor
gan was authoritatively stated to be
in the Offices of his London banking
house this morning. The Associated
Press learned this after investi-
eating reports he was at or en-
route to The Hague to mediate In
the deadlock between the British
and other allied delegations at the
reparations conference.
THE HAGUE, Netherlands, August II
R).-A crisis in the reparations con-
ference was averted today by adjourn
ment of the financial committee meet
ing until Wednesday and rumors were
rife that the delay was intended to give
J. p. Morgan, American banker, an op-
portunity to exercise mediating in.
duence.
Louis Loucheur, French delegate, had
been listed to speak at today's meeting
of the financial committee, which was
to have taken Up the proposal Of Philip
Snowden, chancellor of the exchequel
Of Great Britain, looking toward re-
vision of the Young plan.
Chancellor Snowden, after several
minor speeches had been made on the
question of payments In kind, suggested
that the meeting be adjourned until
Wednesday. This was rather surprise
in view of the desire he had expressed
Saturday to leave The Hague as soon
as possible.
Gives Morgan Time.
Reparations circles were alive with
rumors that Chancellor Snowden's pro-
posal was intended to give Mr.. Morgan
who was one of the American represent
atives at the Paris experts conference
which framed the Youong plan, time to
exercise mediating influence.
It was even reported that the Amer
lean banker already was at The Hague
or had been here in consultation with
the delegates secretly.
Thus far this afternoon no delegate
could be found who would confirm the
reports, while Edwin G. Wilson, first
secretary of the American embassy In
Paris, and American observer at the
present conference, stated that he was
unaware of Mr.. Morgan's whereabouts
or intentions.
Chancellor Snowden today made pub
lie the text of a cablegram received by
him from Ramsay Macdonald, British
prime minister, indorsing his stand at
the reparations conference.
.MacDonald's Message.
The cablegram said:
THE financial committee of the rep
arations conference will make most
serious mistake and may wreck imme-
diate prospects of settlement unless
they understand quite finally that the
experts report Chat adopted at Paris
embodying the Young plan) requires
readjustment to meet the just claims of
this country.
Irrespective of party or section, the
country supports the case you have
made. Every newspaper as far as ]
have seen backs you. All parties in the
House of Commons stand by you.
Hope most sincerely your colleagues
on the financial commission will see
that they have to face position when
the most elementary consideration OF
fair play as between country and coun-
try compel reconsideration of some of
the recommendation of the experts re-
port.
Our action hitherto in promoting
settlement of Europe on basis of good
will is proof we wish this conference to
succeed both on its political and its
financial sides, but we have reached the
limits Of inequitable burden bearing"
Tension Lessened.
Although outwardly there was today q
slight lessening of tension between Brit
ain on the one hand and the delegations
of France, Italy and Belgium on the
other, particularly France, in the light
of developments few believed the crisis
in the affairs of the conference, averted
Saturday, could be long postponed.
There was little doubt Mr.. Snowden
would demand immediate consideration
Of his resolution seeking revision of the
Young plan once general discussion OF
that plan was completed by the flnan-
cial committee of the conference. The
discussion, continuing today, was ex-
pected to be terminated within a few
hours.
Inevitable rejection faced the resolu-
tion, after which few could see how the
British delegation could remain at the
conference. Mr. Snowden has remarked
he wished to know promptly what the
nations intended doing about 1t, since
he did not intend to spend the rest Of
his days at The Hague.
Outwardly i'll feeling aroused by -Ar
Snowden's use Saturday Of the English
words '.grotesque" and ridiculous" with
reference to summation Of Britain.
position by Henri Cheron, French financt
minister, has been allayed with taci
apologies by the British chancellor.
The political committee OF the repara.
tions conference today began discus
sion of possible date for the begin.