The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-07-09
STATESMEN initial
PACT Which SOLVES
DIFFICULT QUESTION
Gent|emen's Agreement Makes
Deal Contingent Upon U.
S. War Debt Rebate
WILL SEEK AMERICAN AID
Germans Happy and DeIuge
Chancellor With congrat.
ulatory Messages
WILL SEEK AMERICAN AID

HousoIllc, CWlGAeIldnQ, July S-P
The Lausanne conference on wa,
debts and reparations was Officially
declared closed at 1925 a. m. Satur-
day after representatives of the prin-
cipal powers had formally initiated
the agreement to scale Germany's
reparations bill down from the orig
inal s64,000,000,0OO to approximately
$7l2,500,000, about one cent on the
$712,50o,000.
Germany claims to have paid more
than $4,000, 100000 in reparations.
France asserts the Allies have receiv-
ed only $4,000, 100000.
The initiating took place at an i'm
pressive ceremony in the Beau Rivage
hotel, where the conference sessions
have been held. Prime Minister RAM
say Macdonald of Great Britain,
whose tenacity is credited with bring
ing about the agreement, presided.
The six nations whose representa-
tives approved the agreement were
Great Britain, France. Germany,
Italy, Belgium and Japan.
The convention does not go into
effect, however, until it is ratified by
the parliaments of the initiating
countries which, by an unwritten
agreement, will not take place until
after the U. S. reconsiders the ques-
ton of scaling down the war debts
due her from Europe.
The next step was expected to be
o request from these powers to the
U. 8. to join In parley to revise war
debts. r,stt'-'' :, -'>
Won Papen Congratulated
In the meantime, Chancellor Won
Papen was swamped with kilograms
OF congratulations from Germany.
"Bravo!" said one signed by DR.. HAL
mar Schacht, former head of the
Reichsbank and one of the most
prominent German opponents of can
collation. of the postwar obligations.
Several Of them came from war
veterans who hailed 1.-The end of re-
parations."
The greatest financial problem in
the history of the world solved, the
hope was for peace and economic re-
construction.
On all sides tribute was paid to
the tenacity of Prime Minister RAM
say Macdonald of Great Britain. In
some quarters it was described as the
greatest triumph Of the British
premier's career.
The agreement, which was reached
by the six principal powers following
the break OF the Franco American
deadlock Friday, contains a preamble
detailing the conferences efforts for
peace and five resolutions outlining
the terms of the settlement.
1.-THE powers that have signed this
treaty." the preamble said in part,
do not claim that the accomplish
ment at Lausanne, which will COM
pletely put an end to reparations,
can by itself assure that era of peace
which all nations DESIRE"
The five resolutions were. briefly.
% an agreement regarding repara-
lions between Germany and the for
mer allies; co conditional measures
extending a moratorium on inter-
governmental debts; 60 an agree
ment to assist Austria and the
Danubian states which are in fl I
nancial difficulties; 90 creation of a
committee to study the grain prob
lem IN the Danubian states, which
are embarrassed by huge grain sur
plus; and 80 creation of machinery
for an economic conference under the
auspices of the League of Nations.
Nothing on Guilt Clause
There was nothing about gentle
mems agreement" linking reparations
with war debts nor was there any
reference to the war guilt" clause
of the Versailles treaty.
Shortly after the agreement was
announced a statement came from
Washington saying the U. S. was now
ready to consider any proposals its
european debtors might care to make
Tor the reconsideration of war debts
settlements.
The announcement created pro-
round impression on the European
delegates and was greeted with ex-
CONTINUED on mage tUol