Evening star., 1931-06-22
World Parley Is
Declared Out
of Question.
PARIS APPROVAL
SEEN In CAPITAL
Debate MightDefeat
Economic Effect,
Secretary Feels.
BY G. GOULD LINCOLN.

While the world reacted favor
ably today to President Hoover's
proposed years suspension on in
tergovernmental debts and war
reparations, the administration
awaited the response of France to
the proposal.
Optimism was expressed that
France, with the other nations,
would agree to the plan. France,
it was pointed out, will gain ma
terially by entering into the plan
without reservation.
The need for prompt action
by all of the nations involved
was emphasized in administration
quarters today. 1t was pointed
out that the world is to benefit
from the proposed suspension and
the psychological effect which has
already manifested itself.
No World Farley Wanted.
Secretary Stimson of the State De-
partment made it clear that there is
no question of an international con-
ference on the intergovernmental debts.
might properly be held is of French
origin. The Secretary of State made
1t clear that to hold such a conference
would delay and perhaps make inef-
fective the plan, so far as the financial
situation is concerned. The hoped-for
economic effect on the world situation
might be lost entirely if an interna-
tionaI conference should be called and
result in pickering and long debate.
1t was explained that the nations
involved in the proposed moratorium
had all been notified through diplo-
matte channels of the Presidents pro-
poSa1 Secretary Stimson Is conferring
today with diplomatic representatives
in Washington Of some of the coun-
tries.
Britain Sympathetic.
Sir Ronald Lindsay, the British AM
bassador, advised Secretary StimSon
today Of the sympathetic attitude OF
his government toward the Presidents
proposal. He had conference with
the Undersecretary of State, Mr.. Castle,
who also conferred with the>MiniSter
from Austria.
Ambassador Claudel of France, who
conferred with Secretary Stimson, was
without information as to the policy
his government would follow. The con-
sensus, however among the french
diplomatic representatives, expressing
private opinions, was that France would
accept the proposal.
Minister ProchniK Of Austria said
after his call upon Mr.. Castle that he
had expressed the approval OF his gov
1F TOnyoFfS
for a years moratorium of intergovern-
mental debts.
I'VE have always felt" he said, "that
things in Europe would not take turn
for the better unless the United States
agreed to help in Europe's economical
recovery.
"Our situation is very similar to that
in Germany. We are highly gratifled at
this step of President Hoovers."
The Minister said the proposal would
affect payments on a $24,000,000 loan
to Austria in 1919, shortly after the
close of the war, for the purchase OF
wheat which the American Government
had shipped to Italian ports for use in
the war.
Ambassador de MARITIME of Italy in
formed the Secretary of State Itoday
that he did not expect reply from his
government regarding the Hoover pro-
posal until tomorrow.
Minister Radeff of Bulgaria notified
the State Department of the graft
tude" of his government for the Presi-
dents move.
Started Study June 5.
President Hoover, it was revealed at
the White House today, has been work.
ing on his proposal for a moratorium OF
the intergovernmental debts since June
5. On that date he called into confer
ence Secretary Stimson, Secretary Mel
lon of the Treasury and the Undersec-
Tetary of the Treasury, Ogden Mills.
Continued on Page 8, Column 81