Evening star., 1931-06-21
Debt PLAN ST|RS
WORLDCONF|DENCE
Announcement by President
Is Eagerly Awaited by
Nations.
BY the Associated Press.

BY the Associated Press.
The United States proposal for. .
wears suspension Of inter government
nayrients went forth last night to 4
world already made joyful by the pros
peet Of q tonic for itA economic ALL
fnents from this side OF the Atlantic.
Ever since word Friday that President
Hoover was conferring with prominent
Republicans and Democratic In Con-
Kress on the delicate situation OF In
ternAtional finance, the announcement
Of his plan had been awaited eagerly.
After the first surge. Of enthusiasm,
n was soon apparent that q new con-
fidence was threading Its way into
the festlessfiess which Of late has been
q disturbing factor In international
affairs. -.
Not for many 4 day has there been
kiieh A distinct change in the diplo-
ftfatic and financial atmosphere over
night. Where early yesterday the
doubts and questions that had seeming
" become taken for granted persisted,
i fresh hope now Is dbcernible.
FulI Erect Uncertain.
There Is vet no telling, of course, As
In the full effect Of the Presidents
forthcoming plan for helping Germany
especially. But already 1t Is being
heralded as promising a means by
which German buying power VIII be
bulwafked, thereby benefiting world
Reports from abroad evidenced the
eagerness with which the peoples and
their leaders had been waiting for q
palliative move from the United States.
The encouragement drawn from Mr..
Hoover's activity was renected not only
In upswings Of the exchange markets
here and In Europe, but In optimistic
press quarters as well.
The word in Berlin was that the
cabinet, with q happy spirit that had
been missing for weeks, spent todays
session discussing the Hoover statement
Of intention to help-af1d nothing else.
press dispatches from there, possibly
rejecting the views of the foreign Of
nee, expressed gratiflcation that a
change Of opinion has come in WASH
ington" as to Germanys situation.
Information From Abroad.
While welding his plan into shape in
the next few days through conferences
with key men In both the Republican
and Democratic ranks Of Congress,
President Hoover doubtless .will have
the benefit of up-to-the-minute infor-
nation from Europe. Advices are
reaching the State Department con-
stantly.
T'he Importance attached in foreign
capitals TO Secretary Melons confer
ences with leaders In Great Britain's
government and financial affairs has
not escaped notice here.
There was an assumption in London
that he cabled Mr. Hoover what Prime
Minister Mac Donald and others told
him of the European financial situa-
ton becoming increasingly acute. This
was not denied in washington.
There was a coincidence between an
unoiilcial statement in London as to
one plan Of help that might be followed
and Information available in Washing
ton Under 1t, interallied war debt pay
inents to this country would be post
pofed for time, leading to cor
responding suspension OF repafations
payments to the allies by Germany.
Significance In France.
French oficialdofn also showed the
signifieanee 1t placed on the American
move. The contention again was voiced
there about reparatiohs and war debts
being linked. which position continues
to be stoutly opposed by the washington
Government.
The question was raised in Paris
circles whether such a relationship
should be acknowledged in binding
form. There seems little likelihood of
that. however, unless what President
Hoover has in mind goes very much
further than indications have pointed.
1t is definite that he does not propose
revision Of the war debts.