Show MERICA AWAITS I HARVEY REPORT ON SETTLEMENT Debt Commission Prepared I to Meet for Action Upon British Acceptance When Details Are F Forthcoming g GEDDES TO CONDUCT FURTHER DEALINGS Changes in Law Broadening Powers of Commission Favored by Mellon and Smoot Action D Desired WASHINGTON Feb 1 Secretary l.-Secretary Secretary Mellon chairman of the American debt Funding commission today called a meeting of tho commission for late in inthe inthe II the afternoon to make plans for presenting presenting presenting pre pre- to congress the Ameri American American- an- an British agreement accepted In London yesterday WASHINGTON F Feb b. b 1 Whether I.-Whether the American debt commission would meet later today to act on the British acceptance of the American American debt fundIng funding funding fund- fund Ing suggestions suggestion was as said to depend on the expected receipt from front Ambassador Harvey in London of further details following his report that the acceptance acceptance acceptance accept accept- ance had been in principle The commission was prepared to meet either eith r today or tomorrow it was said depending on when the ambassadors ambassador's report was receive and nd could be decoded decoded de decoded de- de coded and transmitted to its mem mem- bers Meanwhile with the belief gene gener aly held in official that the major suggestions as as to interest rates ind nd the plan for amortization had been c- c by the British without chan change chane e members of the commission today w Tre re proceeding with pr para for th the te tentative e to congress GEDDES TO ACT Any further furth r negotiations ne on possible minor changes in the plan to be proposed by the British government government government govern govern- ment will be conducted with Sir Auckland Auckland Auckland Auck Auck- land Geddes the British ambassador dor dory acting for his government It was wasi i believed these would involve no material material ma ma- I delay in getting the matter before before be be- fore congress I As s to what procedure should he be hein followed in submitting the question of ratification of the agreement to congress congress congress con con- gress there appeared today to be a division of opinion among members of the commission Immediate changes in inthe inthe inthe the law broadening g the powers of the commission so that it could complete the settlement most of ot the provisions of which are outside the present debt funding act was represented as the course favored by some sone of ot the members members members mem mem- bers including Secretary Mellon is chairman chaiman and Senator Smoot Rep Utah and Representative Burton Rep Ohio HARDING ASKS RESOLUTION President H Harding is u understood al already already already al- al ready to have communicated to members members mem mern- bers of ot the commission the view that congress should act on the settlement by resolution so as to permit a vote on the straight Issue of its acceptance accept accept- an ance e or rejection Many Democratic leaders in the senate senate senate sen sen- ate have indicated privately that they would not oppose acceptance of the British settlement but would oppose changes in itt the law at this time Any divergence in official views on this point ids expected to be quickly adjusted adjusted adjusted ad ad- when the commission meets |