Evening star., 1931-06-27
GERMAN LEADERS
LOOK TO HOOVER
Attitude on French Reply
Based on Reports From
Washington and Paris.
BY the Associated Press.

BY the Associated Press.
BERLIN, June 27.-The feeling in
German government circles today was,
I'VE must leave it to Hoover-he will
come out on top in the end"
That attitude toward the French
reply to President Hoover's war debt
proposal was based on reports received
from the German embassies In WASH
ington and Paris.
It was because of this confidence
that Chancellor Bruening refrained
from even mentioning the French an
Swer in his speech today before the
German Federation of Bankers.
Members of the cabinet directly con-
cerned with reparations, especially Herr
Bruening Foreign Minister Curtius and
Finance Minister Dietrich conferred
throughout the morning at the chan
cellors Office Foreign ONCE experts
were called In to assist them.
Government circles fully understand
the difficulties of Premier Lavals cab
met with French Nationalists and due
allowance Is made for phraseology
which on the face seems to the Ger
mans to be dash of cold water on
efforts to bring about Franco-German
understanding.
For Home Consumption.
In other words, the French govern
ment'S reply Is interpreted as primarily
intended for home consumption. 1t is
believed here also that President Hoo
yer, Secretary of State Stimson and
Secretary of the Treasury Mellcn will
interpret it that way.
While the chancellor avoided mention
of the French reply in his speech today
before the Bankers Federation, In
political circles the address was seen
as an attempt to strengthen President
Hoover's hand. His solemn assurance
that Germany was continuing a course
of rigorous II not cruel economy was
regarded as calculated to offset French
fears that Germany might use her
respite to increase her ornaments.
It was said here such a charge came
with particular Ill grace from France,
which has just voted billions to
strengthen her belt of fortresSes on the
Franco-German frontier, although Ger
many has no fortif1cationS whatever.
The chancellor pointed out there was
hope for a new upward movement in
the Hoover proposal so far as Ger
manys economic life is concerned, and
he warned against short-term credits.
Germany, he declared, must settle
down to the utmost thrift and economy.
I'VE are happy to note that in the
Hoover plan there Is voiced confidence
that Germany will make judicious use
Of the relief afforded by the plan" he
said. This relief must, however, lead
to the internal strengthening of Ger
many's economic life. Such strengthen
ing must be based upon a sane financial
policy on the part Of all public bodies"
Extreme Thrift, Guide.
A sane social policy, Herr Bruening
declared, was possible only on the safe
basis Of stabilized economy and finance
80 long as foreign countries can cause
disturbance by the withdrawal of
monies all measures of social and po-
litical nature must lack the necessary
security.
Extreme thrift must remain the
guiding line for public and private
economy" he added.
In this connection the chancellor
lauded the United States where, he said,
leaders of private industry admitted the
mistakes they had made and, together
with the government, sought for reme-
dies.
I'VE must refrain as much as possible
from negotiating short-term credits"
Herr Bruening declared. AT least they
must not swell beyond an amount which
can be maintained by our own in
dustries."
Industry Must Assist.
The state alone, he said. cannot solve
Germany's difficulties. but private in
dustries must use all their energies to
assist. He pleaded for cooperation be-
tween the government and private
business. and appealed for IAN ethical
feeling of responsibility for the common
veal"
Hans Luther. Reichsbank president,
who spoke after the chancellor, de-
clared the Reichsbank proved its stabil-
ity during the sensational withdrawal
OF foreign exchanges which started
June IL.
1T was able under all circumstances
to safeguard German exchange" he
said. ITO talk about new imitation is
idle twaddle."