Monday, May. 05, 1924
More Talk
The moves made in connection with the Dawes-McKenna reports (TIME, April 21) during the past week: P: The Reparations Commission received answers from the principal Allies to its letter urging speedy adoption of the reports. France declared that she should not accept the reports until they had been put into effect. Britain and Italy accepted unconditionally and professed their readiness to take any necessary measures. Belgium contended that the Reparations Commission should frame an official plan, based upon the reports, before the Allied Governments should be required to act. P: The Reparations Committee held a series of conferences, chief of which was one with J. P. Morgan, U. S. banker. On the proposal of Colonel James A. Logan, U. S. unofficial observer of the Reparations Commission, M. Barthou, President of the Commission, and Sir John Bradbury, British member of the Commission, were appointed a committee to discuss with financiers of various countries ways and means of floating the $200,000,000 loan to Germany, recommended by the Dawes Committee. Messrs. Barthou and Bradbury were, therefore, presumed to have discussed with Mr. Morgan, details of the loan. It was reported that the great American financier had promised that New York would take half the loan, but no official confirmation was issued and Mr. Morgan himself preserved an oyster-like silence.