Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-07
Technical Study
May Wait for
BastilleDay.
FLANDIN LAUDS
HOOVER PLAN
Mellon and Edge
Praise France in
Reaching Accord.
~ the Associated Press.

~ the Associated Press.
PARIS, July with the ink
hardly dry on the documents eS
tabliShing President Hoover's one
year debt suspension as an inter
national fact, negotiations already
are under way for a meeting of
experts to work out the technical
issues involved in the Franco
American protocol accepting the
Hoover plan.
Such conference may be held
at the end Of this week, but it is
more likely that it will go over
into next week, because of the
French national holiday on July
IA. 1t is not expected that Chan
cellor Bruening and Foreign Min
lister CurtiuS of Germany will
come here for a meeting with
French statesmen before the end
of this month.
Surprised French
In the view of official France, Germany
must repatriate the capital which has
left that country as the first step
toward restoration of confidence and
assurance of success of the Hoover
plan.
Pierre Flandin, minister of finance
said today that one immensely sig
nificant feature of the agreement
signed last night is the evidence it
provides that the United States cannot
isolate herself from the rest CT the
world, even should she wish to do SO.
The Hoover proposal, he said, came
as surprise to the French people,
who did not realize the extreme gravity
Of Germany's financial situation.
The French government" said he,
"has adhered to the Hoover initiative
designed to prevent a financial col
lapse in Germany, which would have
had far-reaching and disastrous con-
sequences and would have proved par
ticularly bad for continuous payment
OF reparations to France.
Supplemental negotiations will be-
gin as soon as may be in the same
spirit which marked the conversations
between France and the United Stat s.
"Raestablishment of international
confidence has as great an Importance
to resumption of business now as had
restoration of confidence in the value of
the French franc in 1926"
The protocol of the accord was mi
tialeu in the red drawing room of the
ministry of the interior by Secretary Of
the Treasury Andrew w. M Hon and
Ambassador Walter E. Edge, represent
ing the United States, and by Premier
Pierre Laval, Foreign Minister AriStide
BRAND, Finance Minister Flandin, and
other officials representing France.
AS Mr.. Mellon started to affiX his mi
tials the pen broke at "A. W" and
Premier Laval smilingly handed him an
other When all was done M. Laval
grasped Mr.. Edges hand with emotion
and Mr.. Edge replied with "Merci
beaucoup." Glasses Of champagne end
orangeada graced the conference table
Statement of Americans.
Mr., Mellon and Mr.. Edge elaborated
on statement at the end of the nego-
tiations
The American negotiators express to
the American public their happiness on
this occasion" they said. and their APP
probation of the generous efforts of the
French government to reach an agree
ment destined to rehabilitate the finan-
cial structure of the world"
Most of the newspapers hailed the
agreement as the most momentous
chapter in history since the signing of
the Treaty of Versailles.
Without abandoning anything, the
French government found itself in &C
cord with the firm, friendly negotiators,
Mellon and Edge said LIE Matin.
In spite of the difficult situation
created by Mr. Hoover'S sudden initia-
tive, the French negotiators succeeded
in maintaining integrally the principles
of the Young plan and thus leaving
Continued on Page 3, Column g.