Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-19
GERMANY GETS NEWS,
Bankers Plan Received with Apprehen-
sion As to Attitude of France.

Bankers Plan Received With Apprehen-
sion As to Attitude of France.
BERLIN. August 10 tP,.-News from
Basel that the Wiggin Committee had
recommended immediate revision of
reparations was received TODAY with in
tense interest. but with apprehension
as to the attitude OF France
Memories of the JOY and disillusion-
ment which followed the announcement
of the Hoover moratorium plan two
months ago tended to dampen argy
tendency toward everoptimism. al
though the committees declarations
were welcomed as confederation of the
viewpoint long stressed by the German
government and its economists that po-
Htical debts are enemies of interna-
tional financial stability.
Particularly effective as a brake on
enthusiasm were the recent remarks of
Finance Minister Flandin of France on
reparations payments from the stand
point OF the restoration of war time
devastation and damage.
These were widely interpreted here
as a warning that France would not al
low payments 70 her to be considered in
the same category as other political
debts.
The news arrived too late for COM
tA#SAAN ~ A3AS dAlGAt1lA EdPNA0t
Important Document.
The first afternoon paper of the
press, the Democratic Berliner Zeitung.
devoted its front page to a summary of
the report with an Introductory editorial
characterizing ii as the most impor-
tant document on the German eco
non1ic situation since the experts report
that led to the Dawes plan"
all recognized the creditworthiness OF
Germany and established that her pres
ent credit difficulties are due primarily
to political causes. II defines the Ger
man situation so clearly" the paper
said, and addresses such unmistakable
demands toward the governments Of the
nations that Il cannot remain without
decisive consequences for Germanys
economic policy and that Of Europe
ard the world
The reaction i'm financial circles
was net particularly optimistic The
achievement Of six-month extension
Of short-tern credits is considerably
less immediate relief than had been ex-
pccted from the Basel negotiations The
promise Of more Eistant relief was re-
garded as being heavily conditioned on
further conferences which would be IN
likely 10 make rapid progress.
Cabinet Members Silent.
A digest eli the Wiggln report was
GA every cabinet members desk this
morning. bat no responsible minister
was willing TO comment officially
Informally high officials already had
revealed that Germany Is satisfied with
the report as representing the best
which may be obtained under the cir
cunlstanens There is considerable salts
faction at the references to the neces-
sity for immediate revision Of repara-
tions
IN the words of one prominent flnan-
etal expert il Ii unlikely that there viii
be ary statement from members Of the
cabinet. at least until the American
attitude toward the international dis
cllssion Of the report Is made known
| This official was anxious that the Ger
man attitude be not nlisinfeYpreted in
such q way AS 10 indicate that Germany
does not appreciate 70 the fslll The year
Of respite under the Hoover moratorium
Another responsible official summed
up the Wiggin report thus
In general II Is good. the facts are
| reasonable although ii Is SO technical
| that careful analysis viii be necessary
The demands upon Gernaany are some
what painful from the viaa*pu4laf Of ma
tional prestige, but when 6nf considers
! h0w had conditions are In the creditor
countries this Must pe pAseFl0oknr