The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1931-07-23
POWERS AGREE ON
MEASURES NEEDED
TO AID SITUATION
German Representatives Are
Grave, However, as Future
Problems Are UnsoIved
SPEECHES CLOSE Meeting
Appreciation of Spirit Of Friend
illness Pervades Talk at
Final Ceremony

London, July 23.-(AP)-Renewal
Of short term credits maturing in the
next few weeks and measures to
establish confidence in Germany SO
eventual long-term credits will be
possible were approved by the seven
power conference on Germany's sit
uation at the conclusion of it's work
Thursday afternoon.
The meeting was adjourned with
a round Of speeches in which the
heads of the various delegations ex-
pressed appreciation of the spirit
of friendliness pervading the con-
ference. Later there was an Of
ficial communique saying "the gov
ernments are ready to cooperate so
far as lies within their power to re-
store confidence"
There was, however, nc Disgusting
the gravity of the German repre-
sentatives as they left the confer
ence room.
Chancellor Bruening declined to
make any statement and while for
eign minister Curtius was officially
hopeful, other members Of the dele
cation remarked privately the con-
ference had only tided Germany over
the immediate future and the con-
tingencies of the next few days may
renew the crisis.
Three Phases Of Report
Besides the resolution extending
for three months the 500, 900, 900
Central Bank Credit which natures
August 16, and another recommend
ing that concerted measures" be
taken to maintain the volume Of
credits already in Germany, there
are two other phases of the meet
ing's final report.
The first Of these is the recon-
mendation the World Bank at Basel,
be invited to set up Immediately a
committee of representatives Of the
Central Banks to inquire into the
immediate further needs of Germany
and to study the possibilities of con-
vel tlIIk R04C Vi Vic liz NASA
it's into 'long-term credits.
The second phase is an expression
of commentator for the guarantee
recently placed at the disposal of the
German gold discount bank by the
leaders Of German industry and fl
nance.
"The conference considers that if
these measures are carried through"
says the official communique, "they
will form a basis for ore perrran-
ent action to follow"
The resolutions fell short OF what
Germany hoped to get when Chan
Grandi, the Italian foreign minister,
Curtius came to London Monday
night for the conference.
Their hope then was that they
would leave with a long-term credit
of about $375, 000, 1000 to bolster their
economic system, and with a renewal
of existing short-term credits.
Persuaded by Macdonald
But, at a dinner conference with
Prime Minister Macdonald and For
eign Secretary Henderson, they were
persuaded that such q loan was i'm
POSS4O4C 0AlACA k1VoCA4U NOAAAACASA4o IA
withdrew their request.
1T looks pretty bad" one Of the fl
nancial experts with the German del
egation said. Help in the form Of
cash is not forthcoming and the
chancelor's position will be very dir
ficult when he returns to Berlin. I
wonder If Mr.. Stimson will see things
in q different light when he gets to
Germany"
Stimson told a correspondent that
he was thoroughly satisfied" Dino
Grand, the italian forein minister,
said, II am very happy over the re-
suit"
The British foreign office said that
the committee of Young plan experts
assembled to adjust that instrument
to the Hoover moratorium would pro-
coed with elaboration Of detailed
measures to give effect to President
Hoover's proposal for a one-year sus-
pension of intergovernmental debts. :
simultaneously 1t was announced
that Secretary of State Stimson will
20 to Berlin shortly after the German
delegation.
Foreign Secretary Arthur Hender-
son of Great Britain will go by train,
probably Sunday, and Prime Minister
Macdonald will fly yer on Monday.
EXTRA SESSION OF
REICHSTAG REJECTED
Berlin. July 23.-R-The Reichstag
council Of elders Thursday voted
down q motion for the convocation OF
the Reichstag and thereby gave the
Bruening government another brief
breathing spell in which to Negotiate
definite assistance for distressed Ger
many.
The motion was offered by the
Communists, Nationalist and Ma
tional Socialist. They were able
to muster only 243 Of the necessary
267 votes, but the council seemed BY
nc means so strongly pro-government
as it wal last week when there was
CONTINUED IN na1A thrAel