The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1929-06-07
GERMAN PREPARATION
PAYMENTS SETTLED
BY SIGNING REPORT
Long Controversial Problem
Troubling Peace OF Europe
Is Finally Solved
REDUCES GERMAN BURDEN
Takes Question Out Of Politics
Puts It Into Orderly 6usi.
ness Organization

Paris, June 7.-tP)-The experts re-
port. liquidating the long controversial
reparations problem that has troubled
the peace of Europe for the past 10
years, was signed at the Hotel George
v, today.
The signatures to the historic docu-
ment, which fixes the payments that
Germany must make the allied cred-
itors for the next 50 years. we're af-
fixed at $50 p. m. so a. m. east
ern standard time).
It had been planned to sign the
report at S p. n1., Paris time I'll q. M.
eastern standard time), but as 1t was
almost that hour when the last min
ute polishing had been completed. tho
signing did not take place until
$50 p. m.
Decreases German Burden
The report dwells upon the follow
ing advantages:
Decreasing the burden for Ger
many.
Taking of the reparations question
out Of politics.
Putting 1t into an organization Of
OIOCIly UOSlIlCSS.
The elimination Of outside organ
izations that exercise a control in
Germany and the early mobilization
of considerable part of the first 81
annuities to give the creditor powers
important sums available for their
own interior indebtedness.
With the long four months negOti-
otinS,c tho$ f}eanAc thr0o fns,nA -
break down, now definitely settled,
the next step was up to the govern
mcnts involved, ratification of the
experts recommendations being nee
cssary as we'll as complete plans for
working out the details.
Approve Young Annuities
BY the settlement. the German cx-
pcrtS gave their approval to the an
lluitics suggested by Owen D. Young,
American financial expert. whose un-
ceasing labors to find some sort Of
an agreement at length 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
Feb. II, when tho conference to settle
the reparations problem began its
long labors.
The sounds as we'll as the sight Of
today's eliminating ceremony were
recorded, microplloncs being present
as we'll as cameras and flashlights.
Four Financicrs Missing
Four noted financiers who sat in
that. first session almost four months
ago were missing. when the final
scene was enacted. Lord RevelStoke.
noted British financicr, died in the
midst Of negotiations when the con-
ference seemed on the rocks. Worn
out by his exertions, he collapsed
from the strain and died Of heart
disease. Or. Albert voegler. German
delegate, resigned rather than make
any further concessions to the allied
demands. ]. p. Morgan Of the United
States. went home as soon as he was
sure an agreement 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. followed Mr.. Morgan's
example. he went to sea to rccuperate.
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
lunches today. Almost to the very
moment Of signing their names to
the report, they were busy putting
the finishing touches upon 1t.
Annuities Are Divisible
The annuities are divisiblc into
postponable and non-postponable
parts, there is no distinction in the
report between the part of the an
CONTINUED on page eleven)