St. Louis Post-Dispatch
June 11, 1922

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NE TH NEWS eect! FIFTH NEWS SECTIO SIXTH NEWS SECTION. §& PAGES. ‘REAL OTATE SECTION 13 P bes Heh SECTION Pion SUNDAY MAGAZINE, 16 PAGES. COMIC SECTION, 6 PAGES. PRICE 5 CENTS BANKERS END | DISCUSSIONS =| OF A LOAN TO GERMANY ‘Report Names Three Essen- tial Conditions as Lack- ing: Complete Agreement Among Allies on Repara- tions, a Solvent Germany and Settlement of Full COMMITTEE READY TO SERVE AGAIN Findings Point Out Danger of Collapse of German C lit if N ti ti for Settlement Are Delayed Too Long. Cy the Associated Presa. PARIS, June 10.—Complete agree- ment among the allies on repara- tions, a solvent Germany and settie- “ment once ana for all of the full reparations debt, the International | Bankers’ Committee find in their re- | port to the Reparations Commission, /are essential to the success of an in- | ternational loan to Germany. | In view of the fact that these con- ditions are lacking and because of the objections of France to a revie sion of the total reparations due ‘from Germany, the committee hag decided to suspend ite study of the question, though confident that «6 sutetantial loan to Germany could be floated if these conditions were ful- filled, and the members hold them- selves ready to resume consideration 22, by HL C. Fisher S. Patent Office) — 9T.LOUIS POST-DISPATCH PART ONE ST. LOUIS, SUNDAY MORNING, JUNE 11, 1922. AMUNDSEN PLANS LONG AIR SKY {S THE LIMIT WHISKY REPORTED NMIP ACROSS POLAR REGIONS fp prpuBIICAN SEIZED ON Samrat oe brcpeee owe! CAMPAICN GIFTS. SHIP: CREW HELD Flight Is From Point Barrow to Spitzbergen | or Grant Land. 1000 Quarts of Liquor Are Said to Have Been Found in Cargo of the Transport Sirius. Pages i—4. Allied Agreement on Reparations Must Precede Any Loan, Says Morgan By the Associated Press. PARIS, June 10. A FTER the adjournment of the international committee of bankers following its discussions of a loan to Germany, J. P. Morgan, who participated as the unofficial representative of United States bankers, issued the following statement: § with the importance of the sub- ject under consideration, rather than report immediately that no loan was posisble under the terms of the reference, asked the Reparations Commission to define exactly the terms of ref- erence. The answer, which was only supported by three of the four members of the Repara- tions Commission, the -French member dissenting, was to the effect that the committee should discuss all questions which might have a bearing on the general re-establishment of Gérmany’s extersal credit. “In the meantime, official statements had been made in Paris to the effect that the Bankers Committee was at- tempting to decrease the amount of the German obligations to the Reparations Commission and that this could not be tolerated by the French Government The committee had never thought, and in this I agreed completely, that it had any power to pass upon the sums owing by the German Govern- ment, but merely that it had been requested to advise the Reparations Commission as to a basis upon which Germany could raise a loan. There had been no discussion of the capital amounts of reparations, but only of a possibie agreemnt of the annual payments. These an- nual payments, efther in cash or in kind, are the only method whereby Germany can effect payment of its just debts. “TI do not need to enlarge upon In Removing $1000 Maxi- mum Fixed by Hays, Party Leaders Make No Restrictions. | aviator, and Lieut. Oscar Omdal of the Norwegian army. | The plane will carry gasoline suf- | ficient for a 26-hour trip and the| aviators will have for supplies only | sandwiches, a few ounces of con-.| densed food and a vacuum bottle | filled with tea. $500,000 FUND FOR NATIONAL COMMITTEE “When I was invited by the Reparations Commission to serve on the Bankers’ Commit- tee, I had some hesitation in ac- cepting, as it appedred that un- der the terms of the reference I could accomplish little more by coming to Paris than by cabling advice from New York. Upon further consideration, however, I felt that the matter was of such enormous importance to Europe and also to the United States because of their com- mercial relations with Europe, I could not well refuse. There- fore, in the hope that something constructive be arrived at, I came purely as a private citizen, holding no authority from my Government, to discuss ih any way matters under their control, but as a banker engaged in the distribution of securities in the investment markets of the United States and only repre- senting those markets insofar as their condition might permit. “TI explained at the first meet- ing of the committee that there is no interest in the United States in a loan to Germany per se. There is, however, in my opinion, a growing appreciation in the United States of the fact that its own prosperity is to a degree dependent upon the pros- perity of the allied nations and that the prosperity of the latter is, in a large degree, dependent upon the rehabilitation of Ger- man credit. Two Conditions. “I consequently believe that ODOR LEADS TO RAID BY MARINES - = A ee ee = ———3 ‘Copyright, 1929 (Copyright, 1932) Senatorial Committee and Shipment, Valued at $10,-. OSK ALIKE Congressional Committee) 000, Declared to Have to Take What They Can’ Been Taken On in West Get, Over That Amount. | Indies. Poy aay me ree - ¥ . per . a al i a al Tal til i eee, ee i ee ee inti a i ee ee ee ee ee ee Cle eer ———— — By the Associated Press. NORFOLK, Va., June 10.—Ap- | proximately 1000 quarts of liquor, | valued at more than $10.000, were | efid to have been seized by marine | guards of the Bavy yard today in a raid on the naval transport Sirius | urder orders of Rear Admira) Ralph Andrews, commandant of the Norfolk navy yard. Officers and men of the ship are confined to their ship under guard. The commanding officer of the S:rius, according to Admiral An- drews, was detached from the vesse! tcday and ordered to the receiving barracks at the naval base. and meanwhile a board of .investigation has been convened. Until its report is submitted it is understood no ac- tion will be taken toward preferring charges against officers or members of the crew. bon Information was received by Ad- ‘they sav. hadn’t “slipped over” the. miral Andrews, it was said, that the idea on Candidate Harding when/°d0r of whisky was discgfnible in they were not looking, the party the cargo being unloaded from the Sirius to barges for shipment to the ‘would not have finished the 1920 | campaign with a deficit of $1.500.- naval supply station at the naval 000. of which $500,000 is still to be paid Now that Hays has trans- When the barges had beer loaded a search of the shipment was ferred his moral censorship to the movies, the lid goes. off. ordered and then the transport itself Modest War Chest. OG RRR SE CN td eps, ha Pregery ‘individual campaign If any good -Republican eg@me to the aid of his beleaguered party with a cheek, say, for $5000, he need not hesitate through fear of being shown the door. The sky, in fact, is the limit. Most of the practical politicians of the party, of whom the present na- tional chairman, John T. Adams, of is one, never did think much Hays’ plan. They consented under compulsion If Hays, . wants to ook “a ew Iowa. iof the TS. (Copyright, 1922.) _ ws Ones hase. was searched by the marine guard. | Guards were immediately thrown | Aa \\ ¥ \\ . \S ‘ \ S \\ NY \ } : a | ® Genstor Says Opponent Has i _* |By the Associated Press. Te Tiree Cellars, Including LONDON, June 10.—Capt. Roald . @ : ; Amundsen, the explorer who is about @ OCne in His “34-Room ‘© begin a five-year expedition in 4 2 |\Arctic regions, says in a message to r @ Mansion” at Washington. (the Times that the plan was for his Beate iship Maud, which sailed from Seat- "7 ; tle, Washington, recently for Nome, = . ‘to drift across the Polar Ocean, while 7500 PERSONS HEAR ‘short reconnoissance trips would be' Plans contemplated by Capt. 4 'made in small planes. Amundsen here two months ago! SPEECH AT MEXICO. Developments, however. had call for a stop at the North Pole if 4 caused considerable change in the the ice is smooth and weather con- q iflying plans and shéuld conditions Citions favorable. Hammer said. Refers to Hoover as “The Re- | aliow he would start with Lieu:t-| Otherwise they will attempt to pass F Omdal, his pilot, fro6m Point Bar- Over the top of the world and head former and Baby Saver” | row, the northernmost point of Alas- Straight for Spitzbergen a group of i ka, flying across unknown regions /| islands in the Arctic Ocean or Grant | Throat in Serious Con- of the Polar basin, across the North land. From the final landing place, | aes ) |Pole and thence to Cape Columbia. the three men will make their way | : | (Grant land), in the extreem north- to civilization to return to Seattle ern part of Grinnell land, Arctic | Oem — for — to Capt. _America, where a depot had al-/Amundsen’s exploration ship, The Aoki: -amintietae _Maud, which by that time will be By CHARLES G. ROSS, | ee locked in the polar ice floes far| Chief Washington Correspondent of ; Amundsen’s Representative Con- "0rth of the Alaskan coast. | the Post-Dispatch. . MEXICO, Mo., June 10.—Speak- | firms Report of Flight. If Capt. Amundsen’s plans are WASHINGTON, June 10.—Frank | tog before an audience of about; SEATTLE, Wash. June 10.—j|carried cut, the inteded flight will | @dmission was made today by offi- : see Ma Aulsain County, one | sega - Harmmer, honorary mem - take place as one of the most daring cials of the Republican Nationa! “ vig ieee te ohé State | - of the Amundsen Polar Basin efforts in the history of arctic ex- | Committee that they have taken off aryest Scientific Expedition and personal ploration. Years ago, Andre, Alon $1000 mit which Will H. Hays i) Benator Reed this afternoon called representative here of Capt. Amund- Swedish explorer, attempted to drift ‘°° eo = | upon Breckinridge Long, his op- s€n, confirmed the announcement of across the polar basin in a balloon. when national chairman, placed on r t in the primary for the Demo- the contemplated polar flight, re-| well stocked with food for a long contributions. 8% iieation for United States ceived tonight from London. journey. The effort -falied. The Be | Capt. Amundsen will be accom- Amundsen plane with only enough _ Senator, to detlare whether he was panied in his perilous journey by § gasoline to last 26 hours must make [wet or Gry, but carefully refrained only two companions, Lieut. E. G. a flight of more than 1600 miles or | fom announcing his own position. Fullerton, former Canadian army those aboard will face disaster. | He said Long was posing as a dry sacgal 79) % the country districts while at the. ‘ a : a “ sc campaign orators during September Poulevards, but chiefly for tho running east and west All places ing to committee officials, will be devoted largely to work to offset CONCERN IS FEIT FOR : Pr ipropaganda of radical publications. | One such paper that they especially | By published at Washington as the of- ‘ficial organ of the railroad unions. lican Committee statisticians with a circulation a million. Its man- congressmen of radical views—bEd- iward Keating and John M. Baer. The preachments of this and sim- flar publications, all of which are ieation of “socialictic” or “bolshe- ivistic,” are declared by Republicans in each of 25 or 30 of the larger ci- ) ee under pressure of a request from the total will be used to finance a speak- : - eet have not been installed for all and October. The balance, accord- wili be marked within two weeks. ‘what thev describe as the insidious have in mind is “Labor.” a weekly “Labor” is creditted by the Repub- jager and cartoonist are two former Plan to Fight “Propaganda.” ‘lumped together under the classifi- interested in the counter campaign machine does the translating or cod- bor. Me. is reproduced in this The photographs are translated at performed was invented by Dr. Ar- tain degree of darkness or lightness Technology. Forty minutes from the message. thet ing automatically and the, receiving morning's editions of the World. the sending end into groupe of iet- thus Korn. professor of electro-phys- and the code words formed by the re oa — . - : **s:. Daily Globe-Democrat °2* Times Combined, and Exceeds i'n. Daily Star t32 Times Combined by ap: mately Equals .:°s.. oo machine decodes back fto a picture. The process by which the feat was ters. each letter representing a cer- ies at the Berlin High School of groups are sent as in an ordinary | ee ee es culation ——— el