Evening Star Newspaper, October 2, 1925, Page 5

S FRANC FALLS, GLOOM APPARENT IN PARIS OVER DEBT IMPASSE Caillaux Felt to Have Gone Limit and Doubt Is Voiced That Chamber Will O. K. U. S. Proposal. Paper Unafraid of Economic Pressure. By the Assoctated Press. PARIS, October 2. | for his failure. he first tan- | torially: Eible effect here of the temporary | cesapal 1o debt settlement offer in Washington | tion. than if he had suc was to send the dollar from 21.10| ducing America to sign.” francs at the opening of the Bourse| 1e Journal, which is to 21.30 at 1 pm. Industrial concession A pessimistic view of the events| tion more loomi in Washington was manifest in of-| throw the blame ficial circles, where opinion prev that the temporary arrangement L'Ouevre says wix has been which is known for it nking and TRIES STUDENTS’ SOCIAL ABILITIES views the It appe for M “Everybody Delieved that the Pre: annual pa s 3 °F | dent, encour: tary Hoover| annual vr:ex:“r?\‘-?\'3;r\x-pi;:.?:1“~r:“" T Would be jmiliarize themselves with the faces complicate the whole debt «iiuation. fAvorable 1o SRR ey Sl i I o et ne OIS el Wituntion? | e e analy ' \ere (move, chan @ score of men. including had taken would make it cxtremely | Ul linked towether in our favor for|HI€ 10 OURIAIY, Shown, twere Stown difficult for Par e -pt the | this occasion, were compelled to e e "1‘0"1'""' provisional : because of | Wa¥ to low noliti ire lo reach | inally. shown' and. designate the {he uncertainty involved and the he- | nowevér, imust motde- | SEEREY, SAoWDtantliceriETa e e ief that the termination of the five- i | r ability year period would find France faced wavised M. Caillaux not | Next S o | with the same or perhaps more to sizht at all until we were economi- ous problems than she eet better oft. Ameris not do now. much St us, We at Ameriean bankers. We are undoubt- are with M. Caillaux in Washin Teseroedl theix Ghinlon. ;| edly confronted with hardships in case || or arug e that the finance minis; of an economic conflict withithe Unit- children; unable to adjust to would meet them immediately ed States, but these hardships will sition of responsibility; a moron.” his return and lay the entire situa- | Onlv temnc until we have re-|™ m, ogt recognition of mental states | 1-"“7_1)")". oz I’I‘n-( committee ; e Pk o "“.‘:"“““‘ rom photograpk number of like- | wwever, that the minister, “Commerciallywe feel more the | 158508, B, Fmons, AR CEISERAL d gone to the consequences of an eventnal e e | e & pa 5 to Ametica anaith conttict with Amekica. 1t is lkely that | ¥Ore, shown o Studenis were opinion would not sup- | the United States will try to bar all | javeq. " Theodore Roberts, for ex. a »1.}1’," had he raised his bid P\l‘(_n‘-'l-'::‘:"{"*2::;(’_“:\‘ & S et | ample, was shown registering one of further. [0, iBuchi : . his characteristic close-ups in the role t the ministry of and ance the two points in M. Caillaux < | trade will be hit, in the end it will | 1 regarded as most essential ar .| prove a saltary ‘measure because it | {hY Kind and the freshmen hed to that France's capacity for pay { will force us to live on our own re-| el S b is the basis for settlement of the debt | sources. But what a bad preparztion “aggravation,” mi‘b,,nev;,. problem, and second, that nothing is | for the establishment of the economic s left for the finance minister to do but_to transmit the American counter propositions to his_government. The American and French declara- tions are taken as showing an equal desire to continue the negotiations in | peace W believs indispnsable for world peace (Copyright, by Chicago Daily News.) Italians Pessimistic. By Radio to The Star and Chi ue he |1y from the soclal test, covered “in- the future. The finance ministry 3, October v T e T foels there s @ possibility that ~some the \Washington ne el irtovve e e T A i 14;‘“'{u(j‘1x s \X:]:;’x\;mml;fl‘l;‘.; "\»\.m‘:' » bren hle: i J:‘.“ e t | terpretation.’” They were similar to i B LESUlS | has been fe along - the O'Rourke tests used in the Army, itained at the conference as foliows the French would make Italian | p) - yjoc g H France recognizes her debt. but!giiiire almost certain, since it would : obtains diminution in th manded. France's 10 be based on amount de- | e installments are pacity for payments sible for Ttaly to offer ction of what France offered. Mus: imp than a fi Popolo Diror without entaili exterior control, | qroun, said in an editc yrinted be- and the political debts are to be|fyre tie French failure became known: merged with the commerical “We view with melancholia nostal- | e S e gia all the principles of international TRADE WAR NOT FEARED. | {5 (e ina equity. The umoun TS | ready offered by M. llaux are for French Paper Urges Caillaux to Let | Italy hvperbolic. The French which is & that of Italy Settlement Wait. |aent, s truly founded on the principles By Cable to The Star and Chicago Daily absolute equity. What could Ameri PARIS, October 2.—Reports th | do to ublize us to pay? At the most, it | Franco-American debt parley has fail- | could refuse further credi Very ed caused consternation in Krench|yell. It would not be a great evil to| political and financial cire spe- | have 10 g0 w an money.” cially & all ne\\\]sapew \\hl(‘h have News ) o Daily (CopyTight. spect announced ‘Thursday ev nature of a debt-fundir giving full information about pay- ments, rates of interest and other de- | tails. | Most _of the morning admit that they sh Opinion Split. " 0 Daily News LONDON, October 2.—Some British newspapers | observers fecl that Monte Carlo and were mistaken when | Deauville never saw a greater gambler they announced that an fgreement |than Caillaiix, but that he met his het- had been reached. All readi fhamCotie nounce “Vile Borah” as the main cul- prit for the negative result. So far, no responsible member of the | « equally well informed ob think Caillaux was far from bested, that he won ‘“the bhattie opinion as to how the American pro-| of Washington ‘posal asking France to v $40.000.- | France with new feathe 009 a year for a period of five years, hig cap. This apparent contradiction representing 1 per cent of the princi- | of views is in tive of the general | pal owed to the United States, will be | uncertainty which exists here as to received in Parls. Everybody | precise course ing M. Caillaux’s return with complete | ference, s of developments at Washington whereby a provisional agree- ment was reached after all hope ap- arently had been given up. The British do not conceal the that Americans will -eventually de- mand the same terms from she demanded from England, feel that whatever ax of the morning paper: senting the views of all poli seem to think the proposition is | Practically all the So- als congratulate Ca vet edi- | more suc- missing his financial opera- sedefiinddng INTELLIGENCE TEST itua- rs to Caillaux’'s lack of success on President Coolidge. although at first our hich the League of Nations ago Dails News. more | lini's personal | rsu- | a | and will 1 o s shining in | almost of events in the con-| hope l THE EVENING STAR, WASHINGTON, D. ¢, straighten out the tangled finances of the world. English comment hinges on the ex- traordinary stories of a French officlal statement, vouched for by M. Caillaux, which asserted that the whole debts question was settled, and which later was denied point blank by the Ameri cans. If true, the British are inclined 'w this “feat” as another example illaux’s unparalleled audacity to risk everything in one dramatic grab at the stakes. Observers point out that he attempted a similar ruse in London regarding the alleged British mora- torium for France, but that time he was not so successful. (Copyright, 1925, by Chicago Dally News Co.) of C ain social situations was tested. One of the problems presented follows: ‘A Harvard graduate is holding a po- aretaker of a small play- |ground. Check the one of the follow, ing answers which you would expect most to correspond with Members of the finance committes | Plance In our favor and are ma of the Chamber of Deputies, in the ©f the movements of France. We do absence of some of their num n 1 the credits offered us by of e asperated father or something of i Other phases tested knowledge of a | wide variety of every-day conditions, from the realm of art, sclence and literature to politics and sports. The “abstract” tests, differing great- To test the students’ sense of rea. | for instance, following oninz, a problem ruch was presented: v per cent of the senlors will iuate without honor. 1f there are 30 honor senfors, how many senlors | are there2 !| A typical problem under the head s{of “interpretation” follows: “Who fills his mind with matters small, for great things has no room at all. Check which of the following the pas- £s condemns: (1) Prejudice, (2) idle- | ness, (3) triviality, (4) ambition, () In- | difference.” Dr. Moss indicated that the new izl test will be used in industry nd vocations in which ability to deal | with people in their, work is requisite. ACClDENTS ON INCREASE Corresponde: TOKIO, » of the Assoclated Press. August 31.—The number of traflic accidents in the busy streets of | Tckio are rapidly increasing, accord- ing to the metropolitan police records. During the past 12 months, ended in March, there were 6, motor car cidents in which 81 persons were killed and 3,496 injured. There were 1s many bicycle and wagon | ace : ar accidents 76 i Yodveturne LStudehaker fradeforonetodoy | THE BOYS S ON THE SECOND FLOOR OF THE P- HOP B STORE The P-B Four-Pie is the Suit for School 15 Whether you're cheering on the side lines for Central or flaunt the colors of Junior High you will find the Parker- Bridget Four-Piece Suit in high favor. This Fall it comes in a wide variety of patterns and styles —four pieces—coat, vest and two pairs of knickers. All sizes, $15. Official Headquarters for Boy Scout Equipment A Barber Bill Shop Where Kiddies Enjoy a Haircut The Avenue at Ninth ! $4.025,000,000. Pposal American offer “We wish to point out that | an examination of the existing settle- | ments tween France and England disclos an entire difference. clared, “that the principles of these arr: ments, it applied to the debt of the | Unit. a larger | obligation upon the part to the United States than that con- tained in our proposal below. stance, in its treatment with England France has considered fts indebted- ness for surplus war stocks and the ce Suit DEBT PARLEY’S END IN IMPASSE LEAVES HOPE FOR SUCCESS (Continued from First Page.) figure out the offer of the other ac- cording to its own favorite method of calculation. In the documents made public last night there were revealed the terms of the major proposal and the final tentative offer of the Americans, the figures, but not the statements ac- companying them, of two French offers, and the final statements of the American commission and the French finance minister. In explaining the major American offer representatives of this Govern- ment took occasion to explain how, in the minds of the American commis- sion, their proposition was more lenlent to the French than the tenta- tive understanding already arrived at between the British and French over the French debt to that empire. The major American proposal, as revealed in the documents, dated the various parts of France's indebtedness into one total sum, as of June 15, with a curtailed rate of in-| terest, which would bring the prin-| cipal down from $4,227,000,000 to a concession of over $200,000,000 in accrued interest. 2-Year Period Offered. This principal, it was proposed, should be paid over a period of 62 years, in all past agreements signed by the American commission. explained, would require at the first year the sum of $20,000,000 on account of the principal, creasing_ gradually the same amortization time This, it was with payments in- Interest was placed by the Ameri cans at the rate of onehalf of 1 per cent for the first year, increasing at | the rate of one-quarter of 1 per cent | each rate up to 33; per cent at the thir teenth year, where it would remain for the balance of the period. year, which would bring This proposal was explained as based primarily on the terms of the Belglan post-armistice debt as funded. The first French offer, it was ex- plained, had been $25,000,000 annually for the first b years, $30,000,000 an- nuallg—for the following five years, $60,000,000 annually for the following 10 years, and $90,000,000 arnuaily for the last 42 years. Difference Pointed Out. In rejecting this first French pro- and _explaining the major the Americans de- and tentative agreement be- “We find,” said ths Americans, nge- States, would imply of France For in- consoli- | American commis: ment should pa after for 42 the | said by commission, demand for a would provide for reopening the que. tion should ¥ her payments. agreements with and 19 others v ation at presen some delay overseas. FRIDAY, indebtedness from the Bank of France to the Bank of England for exchange purposes as ordinary com- mercial debts repayable in full at full current rates of interest, Already payment is being made of these two categories of obligations. On _the British-French war debt proper there appears to be contemplated a settle ment by the payment of an annuity of 12,600,000 pounds for “The = $407,000,000 representing France's indebtedness to the United States for surplus war stocks, is, of course, of the same character as the similar _indebtedness to England. While there has been no separation into categorles In the general debt of France to the United States, there are in the purposes to- which the money loaned by the United States was devoted many which are similar to those involved in the creation of the Bank of France-Bank of England debt. Some $682,000,000 of the Amer- fean advances represent exchange transactions, meeting of maturing commercial debt obligations and ad- | vances to the Bank of Fran In order that the two creditor nations be treated on a parity, this sum would also have to he settled on the same basis as the Bank of France-Bank of England debt; this is, as any com- mercial obligation.” Terms Shown to Be Lighter. Summarizing the results of its sur- vey of the French debt settlement with Great Britaln as compared to the Franco-American situation, the ion said if the prin- of the Franco-British settle- were applied here “France the United States an an- nual amount of $161,000,000 for the first 20 year: ,000 there- These payments ciples would be altered if the annuity of $61,000, were deferred for the first | seven added to the subsequent | | period, us discussed in London. “It seems to us,” said the American commission, “that these principles of e infeasible to Fr ion of its indebtedness to the American le its offer of terms, Americans to be lghter n the terms between repayment i ne Consequently. commission 1 the d France. These, @ rejected by France. st French offer, which was rejected yesterday by the American nually for the first 5 years, $60,000, 000 for the following 7 years and $100,000.000 annually for the next 56 | years, thus spreading payments over | 68 vears. This offer also included the security clause which ice be unable to meet Reaction Is Waited. Washington eagorly walted re: from Europe on the peculiar u tion to_ Franco-American negotiations here. In Europe there w debtors who have already signed fundin; the United R tor thovatt: expected to cause in the forming of opinion In Ame official circles can there OCTOBER 2, in| proposed $40,000,000 an-! 1925. was some reluctance to admit disap- pointment, but it was written plainly in all indications that the Americans as a whole had expected -something better than the strange situation left hanging in the air. In fact, one American official when asked recently if this Government would consider such a tentative plan in case no agreement could be reached. indicated flatly that what the Ameri- cans wanted was a definite settlement, not a continuation of the question. Yet, as a last resort, it was the Ameri- can’ commission which proposed the five-year plan. Caillaux's Place Stronger. Caillaux, it had been plainly indi- cated, will return to France in muc stronger strategic position to retain his place in the political life of his country than if he had acceded to a proposal here, and taken it back to Paris for rejection. In fact, it had been clearly intimated by the ¥French that Caillaux's rejuvenated political life itselt was at stake in these nego- tiations. When France realizes the nature of Cafllaux's wrestling with the Ameri- and what he has an commissior, brouzht back, without his signature, it w.- predicted by some observers here, he will be hailed with more en- thusiasm than if he had concluded an agrecment along the American line. His own commission, in fact, it was reliably said, whs not behind their minister in his last French proposal rejected by the Americans. Fire Chiefs to Be Guests. Special Dispatch to The Star. HARRISONBURG, Va., October 2. —Hose company No. 4, the local fire-| men's organization, will entertain the 25 fire chiefs from all parts of the they pass through here | fternoon en route to the in- | 1l fire chiefs’ convention, at Ky. The fire chlefs will fal train at Staunton through Harrisonburg en | route to one of the caverns nearby. ‘rnatiol Louisville, 4 roads and great distances have | discouraged bicycle riding in Persia. | but clerks of cities are just beginning to use the vehicles as u means of| transvortation. FOR LEASE Ground Floor Store Space | oeatle alle in rear; | P DL one large office reom. i WILKINS BUILDING 1512HSt ) Randall H. Hagner & | Company ! No. 1321 Conn. Ave. N.W. Main 9700 Travlwear Suits keep their - good looks and wear and wear and keep on - wearing Travlwear Cloth is a British fabric, unknown in this country in ready-to-wear ‘Hickey-Freeman. busy to spare their clothes. * suits ‘until introduced by A wear-resisting cloth for men too Travlwear Suits are superbly tailored by Hickey- Freeman. They look good, feel good and stand an amazing amount of hard, continuous wear. *65 MADE EXCLUSIVELY BY HICKEY-FREEMAN FOR « Jrom_the AVENUE of NINTH-® The Well Dressed Man Buys Four Pairs of Six OXFORDS For Business—Sports Wear And for Affairs After Si oe FOR NESS WEAR Illustrated—Teck Six Oxfords of tan or black calfskin, medium toe, rubber heels, $6.00. IHose— Phoenix rayon and lisle, fancy patterns. $1.00. Others, Silk and French Lisle, $2.50 and $3.50. AFTERNOON-SPORT WEAR Tllustrated—Teck Six Oxfords, tan calfskin and grain leathers, balloon-type toe, English style, $6.00. Hose—light-weight wool, fancy patterns. $1.50 to $5.00. EVENINGS INFORMAL Illustrated—Teck Six Shoe of black calfskin, French toe, rubber heels; same style in tan calf, $6.00. Hose—lisle, plain, fancy and clocked. $1.25 to $3.50; silk, 75¢ to $3.50. FORMAL EVENING WEAR Tllustrated—Teck Six Tux, a new style evening makes for Hose—pure silk toe and heel, pump, patent leather, with blunt toe: case in dancing, $6.00. $2.50. ( —for Boys See the isplays of the new styles of [ SI'LOES boys’ Teck ]Jr., pan Shoes—DP-B Sec- OXFORDS ond Floor. . The Avenue at Ninth The Avenue at Ninth KNOWN STORE* Dy