The Bismarck tribune., 1931-07-21

M'Donald and Foreign Secre-
tary Plan Trip as Demon
stration Of Confidence
London, July 21.-(R-secretary OF
State stinson said Tuesday after the
seven-power conference had ad-
journed for luncheon that he was
satisfied with the start which had
been made.
THE lines Of the conference are
shaping themselves" he said, "the is
sues are being clarified and there are
better prospects than ever for sue
cessful solution"
Prime Minister Ramsay MacDon-
aid and Foreign Secretary Arthur
Henderson probably will go to Berlin
with Chancellor Bruening and For
eign Minister Curtius when the con-
terence ends, it was learned today.
Mr.. Macdonald, who has insisted
throughout the recent negotiations
that establishment of confidence
AL 1CA ul0A4y IL t4AC ~ A4AAO A@VVA VI VA0
moment, wants to make q public dem
ostration of Great Britain's conf
dence, 1t was said, and incidentally
to return the visit the German states
men paid to Chequers recently.
Americas position in the economic
crisis which has enveloped Germany
was presented Tuesday morning by
Secretary of State Stimson to the
conference for alienation of Ger
many's financial distress.
Methods Considered
A communique issued after the
session adjourned said the conferees
had considered methods Of interna-
tional cooperation whereby conf
dence In Germany's economic stabil-
ity may be restored in the immediate
future"
It was said in well-informed quar-
ters the conference has been encoun-
tering severe and disturbing difficult
ties, attributed by some to the insist
ence of France that Germany pay for
outside aid with political concessions.
At the same time 1t was said the
United States and Great Britain are
agreed Germany must have help and
are prepared to see she gets it wheth-
er France participates or not.
It is understood the American and
British views are In complete accord,
that they regard immediate relief as
imperative, but they do not approve
of a long term loan at this time.
Rather. it was said. they favor
short-term credits. In q long talk
Just before the session adjourned
Stimson told the meeting the larger
American banks on which the gov
ernment has been able to keep tab,
have not withdrawn credits from
Germany in this time Of her distress.
u. s. Capital Increased
On the contrary. he said, there
have been some increases OF Amert-
can capital in Germany. He assured
the conference the American banks
will cooperate in relief, provided aid
comes from other countries also.
q It was learned no concrete pro-
4 posals have yet been advanced for
mally and the conversations thus far
have been along general lines. pro-
viding an opportunity for exposition
iof the positions Of the participating
powers.
It is understood France Is rather
inclined to protracted discussions but
the United States and Great Britain
maintain speed Is essential.
In support Of this contention 1t was
said Chancellor Bruening does not
4 know from one moment to the next
4 how long his government will last and
Y there are many who assert Germany
has been menaced with revolution for
4 some time.
It is understood Chancellor Bruen-
I ing ought to return to Berlin Wednes-
a day night and that the Americans
l and British at least feel It necessary
\ that he take back with him definite
I gspromises Of help.
s Those who uphold this course assert
that II the chancellor should go back
4 amply handed 1t might mean the end
B |of his government at the hands OF q
81 Speople laboring under nervous ten
Sion which has long been near the
hreaking point.
Plan Second Session
The finance ministers Of the coun-
|9sxries represented with DR.. Bruening
IND Prime Minister MacD Donald, will
SSSmeet this afternoon to continue ex-
~ omination OF the questions raised. a
At the meeting Of finance ministers
Skhe discussions are likely to come
= Iown to matters Of dollars and cents,
X nd ct q full conference later decision
~ robably will be taken as to whether
NJ Seasures suggested by the financial
kperts actually can be put into force.
Il Is understood the American dele
ation. II It puts forward proposals OF
. own. would do 50 more with the
idea OF getting things started than
because the United States has any
program on which she Is prepared to
4 Insist.
4 The information has become gen.
eral that the Germans have recon-
sidered their request for an immedi-
Ate long-term credit Of $376 .O00, 900 In
n favor Of q request for immediate
short-term credits large enough to
4 tide them over the present crisis, IN
n the expectation that by autumn con-
h fidence In Germany will have been
restored to such IN extent that the
/ CONTINUED on page two)
: = VI u s 4