Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-22
FARLEY REQUESTS
CREDIT RENEWAL
Finance Ministers Study Rec
concentrations for Tech
nicaI Phases.
tcontinued From First Page.)

It was said authoritatively that he
Aemrican plan for German relic =
tails of which were announc II
Washington yesterday, had not
presented formally to the conference
Secretary Of State StimSon, however
is taking an important part IN tne
proceedings.
These meetings resemble the pro-
ceedings of a group of creditor bankers
attempting to stave off the bankruptcy
of a valued colleague. Chancellor
Bruening and Foreign Minister Curtius
have answered the questions put 70
them and the project OF snoring UP
German finances is evolving slowly.
Germans Plan Dinner.
Chancellor Bruening and Foreign
Minister Curtius will be hosts at the
German embassy tomorrow to Premier
Laval Aristide BRAND and the otner
French delegates to the conference.
This public demonstration OF gooo
will is intended to reassure the worlo
that although political differences have
not vet been adjusted to the point
where France is willing to lend Ger
many money without political strings
vet the relations between the two gov
ernments are improving rapidly.
In talk with German cores
pondents who came here with him
DR.. Curtius expressed himself as wei
pleased with the way things are going
particularly with developments at TO-
The discussion has gone beyond i'm
mediate relief tor Germany, he said
and the delegates are ready Ito face
the future frankly"
For a time there was tendency to
discuss the causes Of Germanys con-
dition. he said. but Secretary Stimson
brought the debate back to matters OF
immediate necessity, suggesting Ger.
manys present needs should not be for
gotten in discussions of her future
however important those discussions
might be.
Curtius Cites Progress.
DR.. Curtius emphasized that the mere
fact the delegates discussed matters
which a few days ago seemed taboo for
a general conference was a sign real
progress has been made along the lines
mapped out by President Hoover.
Besides entertaining the French rep
resentatives tomorrow, Chancellor
Bruening was scheduled for visit with
Aristide BRAND this afternoon. 1t also
was disclosed that separate informal
CONVERSATIONS dIC way "AbAA 1AAS
Belgians who are hit hardest, relatively
by the Hoover debt plans.
AS the Germans see 1t, the conference
shapes up thus:
All the powers represented will CO.
operate in carrying out the American
suggestions, and short-term credits to
Germany will be maintained and con-
solidated. There probably will be some
redistribution of these credits so the
United States will not be obliged tc
carry about go per cent, as she now
does.
The rediscount credit Of 500, 900 00(
from the central banks, which expired
July Is and was extended to August l6
will be continued beyond that time.
Stimson Studies Guarantee.
Mr.. Stimson is after further informa
ton as to the nature of the SIPS .000, 00(
guaranteed by 900 leading banking anc
view to determining whether the United
States and Great Britain jointly car
advance a new loan with this industrial
backing as security.
Mr.. Curtius announced the German
delegation has suggested a committee
of international bankers go to Ber-
lin to discuss the situation with ReichS-
bank officials and others with a view
to learning Germany's needs at first
hand, for recommendations to be made
later. This suggestion seemed to have
met with hearty approval.
According to their present plans, the
German representatives will leave for
Berlin tomorrow night with Arthur
Henderson, the British foreign secre-
tary. Prime Minister Macdonald in
A., 20 ~ tIoy11 OF porIif1 on tri6aV
Many observers had expected today's
meeting to be the final and decisive
gathering Of the negotiators.
Although the pledge OF secrecy has
been scrupulously observed by the
members OF the Committee Of Finance
Ministers, who discussed relief meas
ures for six hours yesterday, 1t was
understood when the plenary session
Of the conference convened that the
Americans and British were posed di-
rectly against the French.
Long Term Credits Shelyed.
The matter Of long-term credits for
Germany has been practically shelveo
"a development in line with the pro-
posals of President Hoover, who sug-
gested international cooperation, in
consultation with banking interests, for
the renewal Of Germany's present
credits. -
Short-term credits and the main
tenance of existing credits In Germany
were seen as the two remaining aims
Of the conclave. It was understood
that the French disagreed strenuously
with both projects. 80,
Before the opening Of today's session
Secretary Stimson had long early
morning conference with Prime Minis
ter Macdonald at the latter'S residence
10 Downing street.
The Secretary of State and the prime
minister walked together across Down.
ing street to the foreign office for the
assemblage. They were smiling, but
who had been waiting to catch the
two Of them together. other delegates
arriving at about the same time, seemed
In dour mood.
Premier Laval and Foreign Minister
BRAND Of France, Foreign Minister
Grandi Of italy and Premier Renkin oil
Belgium almost rushed from their motor
cars up the steps Of the conference
quarters.
News Played Up. !,
Chancellor Bruening Of Germany wa
sober of face when he appeared. ir
company with Ambassador Won Neurath
his nations representative In London.
The latest American proposal to as
sist Germany by maintaining her pres
ent volume of credit was printed promi'
nently in the newspapers, but there wa
no editorial comment on it. Nor die
any one in official circles. or any on
in high financial position, discuss thu
plan.
One section of the press predicted
that the United States and Grea
Britain would act together to help Ger
many II France could not be brought
In line
Such British-American cooperation
the Herald said, would be all the easier
because Japan has declared her willing
ness to help II necessary.
TAX COLLECTORS TO BE STERN.