Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-18
GERMANS IN PARIS
FOR DEBT FARLEY
Bruening and Curtius Meet
Laval and BRAND to
Open Negotiations.
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CONTINUED From First Page.1
cause we know perfectly that without
this cola boration the well being OF Eu-
rope and the prosperity Of the world
will not be assured
I'VE hope that If both nations are
animated by reciprocal respect and con-
fdence and unite their best forces to
settle the problems, they will be able TO
find satisfying solutions"
May Hold EuroPe's Fate.
The arrival Of the heads of the Ger
man government for the flrst time since
the end OF the World War was marked
with the belief that the financial fate
of Germany, if not all Europe, hangs
on their meeting with French states
men.
Should they fail to agree on the con-
ditions for credit assistance as lad
down IN the French salvage plan, the
negotiations would be protracted. 1t was
believed, and might result in the cam
collation. Of Mondays seven-power con-
ference in London.
Bruening and Curtis comforting with
Laval and BRAND, heard directly for
the first time the guarantees which
France imposes on her participation
in what is understood to be $780,
100000 loan from the Reserve Banks
Of France, England and the United
States.
Secretary of State Stimson and Sec
rotary Of the Treasury Mellon, together
with Foreign Secretary Arthur Hender-
son of Great Britain, are expected to
join in four-power parley later in the
day after the Franco-German CONVEX
sations are concluded. A decision as to
whether a London conference will be
necessary may be made at that time
In q brief talk with Premier Laval
earlier today Secretary Stimson was
given an optimistic impression of the
prospects for a successful outcome of
negotiations with Bruening and CurtiuS
1t was learned the United States has
formally notified France the American
Government as such cannot in any way
guarantee an international loan to Ger
many and that American participation
can be only through private banking
interests.
Will Get Plan Tomorrow.
Mr.. Stimson has not yet received the
text of the French plan for extending
aid to Germany, although heels familiar
with it's major points. Discussion of
the plan will take place tomorrow at
general conference after meeting be-
tween French and German statesmen.
Secretary Mellon probably will sit in
on that meeting. He reached here this
morning from the French Riviera,
where he interrupted vacation at Mr..
Stimson's summons.
Foreign Secretary Henderson, who
has been participating in discussions
of the past few days, notified the pre-
mier today that he is going back to
London tomorrow morning to confer
with Prime Minister Ramsay Mac
Donald prior to the seven-power con-
ference scheduled for London on Men
day evening.
While the French proposals have
never been announced, they are believed
to entail the backing of the loan by
German customs receipts and an inter-
national controlling committee to SUI
peryise German expenditures, somewhat
in the manner of the defunct Dawes
plan. The plan is said to have the
approval of the American and British
delegates.
The $5O0.00 900 would be advanced
to the Reichsbank in the same manner
as the 100000, 900 loaned and extended
recently by the Bank for international
Settlements. Both loans would be re-
paid as soon as possible by the proceeds
Of a ten-year credit guaranteed by the
United States. France. England. Italy
and Belgium. Nature Of the conditions
was regarded by the press as more n
nancial than political. but as essential
to French security and not unreasonable
for German pride.