Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-26
TANGIBLE RESULTS
OBTAINED IN TALKS
Path Is Cleared for Action
on Preparations and
War Debts.
BY CONSTANTINE BROWN.

The Hoover-Laval conversations have
given q tangible, positive result 30 far
as the economic matters which have
been under discussion are concerned.
These results are:
The Young plan will be enforced as
soon as the Hoover intergovernmental
holiday finishes, on June 30, 1892.
A demand for a new moratorium on
the part Of Germany is considered in
made under the provisions Of The
Hague agreement Of 1929, Of which the
United States Is no party.
Should Germany request q mora
forum, q committee OF experts to ex-
anime Germany's capacity to pay will
be appointed by the central banks rep
resented at the Bank Of international
Settlements at Basic.
Sacrifices 10 Govern Decision.
After the German situation has been
duly considered and q decision regard
ing the moratorium has been taken, the
European countries which owe money
to the United States will be In q posi-
ton to submit their individual case to
the Congress of the United States.
which will decide what reductions Of
debts each nation Is entitled to. The
decision OF Congress Is expected TO be
made In accordance with the sacrifices
each individual nation is making In re-
gard to reparations. This Is a recogni-
ton that the debt revision Is exclusively
q congressional matter.
Mr., Hoover and Mr.. Laval, as well as
their experts are Of the opinion that
both countries, France and the United
states, must maintain the gold stand
ard. Either would be seriously affected
II the other were to abandon the gold
standard
Both statesmen are of the opinion
that the countries which have been
compelled to abandon the gold standard
must be given support 70 stabilize their
currencies.
Bankers Reach Agreement.
Parallel with the discussions in
washington, Mr. Hartman and NJ.
Lacour Gayet in New York have
reached an agreement TO end the al
legged raid on the dollar. The president
Of the Banque de France has given n
understanding whereby the French
bank OF issue would not for the time
being withdraw any more gold deposited
in the United States. Should the
Banque de France be compelled TO call
on her deposits in New York she would
do 80 in a manner not to embarrass
the Federal Reserve Bank. This under
standing Is outside the Hoover-Laval
agreement and has to ali intents and
purposes nothing to do. with the Wash
ington conversations. But, 1t Il gener-
ally conceded that the Harriman-La-
cour Gayet agreement was greatly IA
cilitated by the friendly tone of the
discussions between President Hoover
and Premier Laval.
It Il emphasized that the object Of
the Laval visit was twofold-to en-
deAvor to reach an agreement of some
sort on economic problems and to ex-
plore and survey the political situation.
Most of the political questions which
were discussed by the two leaders were
brought up by Nhe French premier. Our
general attitude was that Etirope's prob
lens are her own-our interest lies main
ly IN the fact that we realize good deal
OF the present chaotic economic and po-
litical situation Is due to frictioFA between
the nations Of that continent and we
would be very happy II the dissensions
could be settled peacefully. The adj
mtnistration has only q platonic inter-
est IN Europe's political troubles ana q
not willing to get entangled In situa-
tons which may have fAr-reaehing con.
sequences. The discussions on those
subjects were very frank and outspoken.
The French premier exposed very
clearly the case Of France.
The country had suffered three in
vasions within q century; for the first
=