The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1931-07-16
STIMSON ATTENDS
PARIS GATHERING
REPRESENT US.
Teuton Government Hopes It
Has Averted Serious Fl.
nanciaI Emergency
SET LONDON MEET MONDAY
M'DonaId to Stay at Home in
Effort to Help Work Out
Moratorium Problem
SET LONDON MEET MONDAY
BY the Associated Press

Developments In the situation aris-
Ing from Germany's financial crisis
are succeeding n another with a
rapidity unusual in international
diplomacy.
Representatives Of the principal
world war allies, including secretary
of. state Stimson, met at Paris and
invited Chancellor Bruening to come
there as soon as he can
Prime Minister Macdonald of Eng
land cancelled q visit to Berlin which
he was to have made Friday and will
remain at London for a meeting there
Monday Of representatives Of the
principal world powers. This meet
ing may supersede that Of the Young
plan experts who were to have gath
cred to dovetail that plan with the
Hoover moratorium.
At Berlin the banks which were
closed two days ago by government
degree reopened to meet the mid
month payroll. There were no dis
orders. The cabinet remained in
session considering Chancellor Bruen-
ing's trip to Paris and London.
Hope Crisis Averted
The re-opening of the banks after
a two-day holiday and the curling of
the purchase Of foreign currencies
led the German government to hope
it had averted a dangerous financial
crisis.
At the am time alarm was felt
over the spread Of riots by Commun-
lists and jobless through a Large part
Of the Reich. At least person was
killed, a number were injured and
many were arrested.
Finance Minister Dietrich and q
government broadcaster announced
the latest measure to instill conf
dence in the economic structure of
the fatherland in a nationwide
broadcast Wednesday night, appeal
ing to the people to show "a sporting
spirit and get along somehow for a
few days more"
Hear Minister Speak
All over the land radio listeners
heard the minister say the banks were
open but not for Withdrawals Of saw
ings, that the currency had been x
panded by something less than a bill
lion marks; that the sale and pur-
chase Of foreign c%urrencies temper
arily would be a Reichsbank monop-
oily; that fines and Imprisonment
await the bootlegger OF foreign
money: and that confiscation faces
the bargain hunter who tries illegally
to trade his marks for other units.
The vigorous, admonishing voice OF
Herr Dietrich was heard warning
against wild rurnors and urging cool
ness and common sense. Even the
strongest government can't lead q
nation that has lost its nerve" he
said.
Rumors that the printing presses
once more were turning out bales Of
marks were described Is sheer false
hood. It was midnight before the adj
dress was finished and in many Sec
tions listeners were drawn away from
their loudspeakers by even more
pminous sounds-sounds Of disorder.
Police and radical elements am to
blows In Leipzig, Gelsenkircher. lsch-
werte, Munich. Breslau, Hamburg.
Altoona, Dresden and karlsruhe.
America Bars Politics
The American government has
adopted q policy that precludes po-
litical considerations in connection
with the situation.
Although the federal reserve sys-
TEN probably will extend credits to
Germany along with other important
banking interests, Acting Secretary
Castle Of the state department, made
It clear the United States would not
become involved in any political stu
etion relating to that country.
The financial assistance that might
be rendered by the federal reserve
system, he added, would be along the
lines OF that Of the Bank Of France
and similar European institutions.
Invite Bruening To. Paris
At the conclusion Of the Paris
meeting It was announced that Chan
cellor Bruening Of Germany had been
invited to stop there for q confer
euce on his way to London. The
conference lasted four hours and 1t
was said, unofficially, that the prin-
cipal effort was to reach a common
agreement as to just where Germany
stands, what she needs, and how her
needs are to be supplied.
It wa reported the conferees de-
cided aid must be provided and that
It depends principally upon the Will
ingness Of France to extend financial
assistance without political guaran.
tees. The decisions reached by the
conference win be passed upon by the
FRENCH cabinet this evening.
THOSE listed As attending were
Premier Laval, Aristide BRAND, the
French Foreign Minister: Henry l..
stinnson. American Secretary Of
etatA: Ambassador Edge. Arthur
Henderson, the British Foreign Sec
retayy, and Lord Tyren, the British
A~hneeAANP