The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-01-03
SNOWDEN AND
TARDIEU DEBT
FIGHT LOOMS
French Uncompromising as
Young Plan Session Is
Opened at Hague.
REOCCUPATI0N limited
Germany's Failure to Pay
May Result in Troop Move
to RhineIand.
BY SAMUEL DASHIELL
United Press STAFF Correspondent

United Press STAFF Correspondent
THE HAGUE, Jan. 3.-Repre-
sentatives of every nation concerned
in the payment or receiving of wal
PREPARATIONS and in liquidation of the
vast war debts that have upset the
economic equilibrium of Europe fol
ten years were at The Hague today
for the opening of the second Hague
conference.
The main purpose Of the conven-
ton is to set up the financial ma
chinery by which the Young plar
definitely may become operative
after it has been approved by the
delegates and accepted by their re.
specttive countries.
With the arrival Of Premier An
Dire Tardieu of France, at the heaC
of the largest governmental delega-
ton that ever left Paris, it was be
lieved that France is determined tt
take a leading, if not dominant
role.
Furthermore, it Is certain thai
Frances uncompromising attitude
will be crystallized in Tardieu's in
sistence upon the enactment Of
sanctions which may include re-
occupation of German territory il
Germany fails to live up to the
terms of the PREPARATIONS agree
ment.
Remember Fireworks
The French, recalling the acerbity
of Philip Snowden, British chancel-
lor Of the exchequer, at the first
Hague conference, are prepared tc
enter any political or financial due.
that may arise, particularly over the
question of deliveries In kind ano
the problem of the functions OF the
projected international bank.
Tardieu is backed by repeated
votes of confidence from his parlia-
ment, and has assumed a virtual
dictatorship over the negotiations
Astride BRAND, foreign minister, or
the other hand, appears to have
taken second place, which is In
strange contrast to his previous
dominance at international confer
enceS.
The United States Is represented
officially by Edwin Wilson, first Sec
rotary of the Paris embassy.
While forecasts were made that
the conference would be peaceful
perhaps uneventful-some observers
were skeptical, and professed to ex-
pect fireworks from Snowden and
Tardieu.
Complete Liquidation
If the conference is successful
it will create general agreement
on all questions affecting German
and non-German reparations, anc
subsequent ratification of the Young
plan may be anticipated. The con-
ference thus provides the means
for making effective the fifty-eight-
year agreement of the Young plan
which completely should liquidatt
and terminate the central powers
indebtedness to the allies.
Many minor claims and the reg
ulation of international f1nancia
problems, however, must be SETTLED
at this meeting.
Five important committees, ap-
pointed by the first Hague confer
ence, have completed their reports
and will present them to thc confer
ence.
Settle Il Themselves
The sixth committee. which had
to do with non-German repara-
lions and was charged with the
settlement of Bulgaria's and Hun
garys annuities, failed to agree
largely because of the intransigent
attitude of both countries, and as a
result the two nations will have to
fight the matter out themselves.
One of the most important devel-
opments Of the present conference
will be the recommendation of the
banking committee on the place
and charter for the so-called Bank
Of international Settlements. The
committees report, 1t Is said, con-
siderably reduces the power origi-
nally suggested for the bank, and
that institution, which was to be
established at Basic, will continue
merely as a clearing house for
reparations and for the crediting o!
deliveries in kind. The old repara-
lions commission and the Office OF
the agent-general for PREPARATIONS
will be abolished.