Evening star., 1932-12-14
Continued From First Page.)


ton"
He said, II am always hopeful" in
reply to a. question to that effect. NJ.
Caillaux. now president of the Finan-
cial Committee in the Senate, was men,
toned as a possible successor recently
to NJ Gernain- Martin, minister Of
finance.
Long Negotiations Seen.
M. Bouisson expressed the conviction
that the political situation would re
could be reached.
Its not going to be easy" he said.
President Malvy Of the Finance Com
mittee of the Chamber, arriving at the
palace said:
There are imperious reasons which
demand a prompt solution of the crisis.
1 feel there is one man who lost nothing
of his authority" When asked to name
the man, Malvy said "Herriot. Of
course.
Today's newspapers expressed some
apprehension regarding q statement by
Neville Chamberlain. British chancellor
of the exchequer. that no common front
exists between the two countries and
that England eventually may insist that
France pay the debt she owes Great
Britain.
Declaration Circulated.
Several papers published copy Of q
declaration which was circulated in the
Chamber cf Deputies with the uncon-
firmed allegation that it was a copy of
a notification by England that if France
did not pay the December inStallment
to America it would mean the end of
the Lausanne accord
There has been considerable discus
sion as to whether postponement Of the
payment by France actually means de-
fault
and was unaware of activities looking
toward reinstalling him as premier.
Some of his friends expressed doubt
whether he would accept an appoint
ment in view of the unequivocal re-
lection of his plan for payment Of the
debt instalment tomorrow
1t was said he would undoubtedly
send to Washington an explanation of
Just what happened yesterday In the
Chamber, with copy Of the resolution
adopted by Parliament for postponement
of the December payment. This was
considered to be natural function Of
the cabinet which although it has re-
signed. is empowered to carry on cur
rent business, until new ministry Is
established.
U. s. Reaction Awaited.
The premier's friends recalled that
he announced before this crisis that he
would accept neither a new premier
ship nor post in a new cabinet if his
government should be overthroWn
The impression among French news
paper men was that President Lebrun
was waiting to be informed OF America s
reaction to the decision in the Chamber
of Deputies before designating a man
to form new ministry
The indications were that official
France. which now lacks govern
ment invested with real powers, was
cropping for the light and hoping some
suggestion might emerge from Wash
ington for rescuing the debt problem
from the stage Of deadlock.
The chambers decision to defer pay
ment was regarded by the press as
voicing the will of the French people
that the debt problem must be settled
soon once and for an. and that France
cannot pay tribute" to America. as the
newspaper Action Francaise says, for
so years.
Stock Range Is Small.
The influence Of the cabinet crisis
on the stock market was confined
chiefly to French rentes, which reacted
heavily. Other French groups. registered
moderate declines without important
losses.
On the whole there was little activity
and the price range was limited.
Herriot and his cabinet resigned
after the Chamber of Deputies post
poned the payment of less than S2O,-
900 900 interest due tomorrow:
The Chamber decided to defer the
debt payment until an international
debt conference can be held An over
whelming 3SO-to-5O vote approved the
action. The premiers plan for pay
ment with reservations was defeated
shortly before by vote of 4O2 to 1e1. !.
When the HerriOt ministers HANDED
their designations to President Ledbrun
he asked them to continue to transact
current business until their successors
were appointed. 1t was announced IN
lobbies that it would be Herriots DUTY
to transmit to Washington the text OF
the Chamber resolution.
The Chambers resolution urged an
international conference having for its
purpose TO adjust all the international
obligations and to put an end to all
international transfers not having q
counterpart, q conference which would
be in liaison with the World Economic
Conference charged to make sound the
monetary situation and to restore
credit
It went on to declare the Chamber
authorized payment OF the December
IS obligation only at such a time as an
international conference on debts could
be held.
The premier's plan was that the pay
ment be made with the stipulation that
it be credited as a capital payment on
a future debt accord and not as interest
as defined by the present debt agree
ment.
Closing Hours Tense.
The closing hours of the historic
Chamber session we're among the most
thrilling in Frances long parliamentary
history.
Herriot. a master orator, fought
tenaciously for his cause.
He made much of the point that a
special situation existed in the United
States because of the interval which
comes between adjournment of the old
CONGRESS and the convening of the
new
He begged the Chamber. at the mo-
ment it seemed determined to reject his
measure to realize that the measure IN
volved the problem of credit of $780,
900 900 900 francs (more than $1,000
600 1000.
where is there French peasant
where is there citizen who would crt-
ticize deputy for rejecting before
taking a decision which is destined t6
have repercussions upon his children
and his grandchildren" asked Herriot
Turning toward the Rightist benches
he cried.
"You are going to make an enormous
mistake. Remember that on the recon-
mendation of Poincare you voted to
recognize the debts"
Difficulties for Successor.
He expressed the conviction that any