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Show 1A THE SALT LAKE TRIBUNE, SATURDAY MORNING, JUNE Envoys of Seven Nations Sign . Report Ending Debts - Problem ftS graph of making dear to the government represented on the reparations 8, 1920.' C--. WEST POINT PICKS commission hoW the agreement was reached. The text, In which there were change up to the tost minute, appears to have been studiously pre- HONOR GRADUATE pared linking reparations Wadnrf tna Vsss.Om.) the report would be signed- - Rs theft with war debt.' "Where the treditofs'' JOINT, N. Y.,. June $ (FV to Germans called the the upon sign payments," meaning their pay- Horace F. Sykes, Jr tan of Lieuemphasized thsl each country, in French text first The second sigma' "out H. F. Sykes, stationed Colonel tenant account war abroad on of to reach an accord, had given tqres on that copy were those of the ments come Into question they are at Fort Omaha, Neb.', was designated l order .debts, .yriiy Up eomethfnf wtilctTH would rather French detttfati. iemoved nM uffe report aniif jfiacefc aCtfutan snstestorcdAhe UnKti r"vy- A have retained, but that the cum of The English text waa signed first In special documents. The section of the report referring those sacrifice had made a whole by, the Belgians, with the other delewhich everybody concerned could ap- gations following.. In alphabetical to division of annuities Into part for orderprove. reparations end part for "out pay ' M. Moreau viewed the long weeks The ceremony recalled on a email msnta" is called "a special memoranof Mr. Young's patient efforts and scale 'the seen at the signing of the dum of the principal, creditor powsaid that when the conference began treaty of Versailles. Every Inch of ers." It give a list of sums beginno one realised the number and size space hi the room waa occupied and ning with 548,000,000 marks, running of the difficulties that would have many spectators stood outside in the up to 1,7031)00.000 marks in the fifty-fifto be overcome, in paying tribute to hotel court watching the ceremony year, and then descending to the chairmans unfailing devotion to through the window. The crowd 857.000.- 000 marks, which are referred the cause of reconciliation, he aaid: and the light projec- to as "the following amounts are "Mr. Young, you have been tors used by the movie men brought required to cover out payments." This throughout animated by a lofty con- perspiration to the brow of every document to outside of the report and science and a lore for the welfare of person in the tea room of the hotel, was not signed by the American exhumanity. It must be at least partial the apartment which has been the perts. satisfaction to you to know that y Beside the figures attributed to headquarters for the oommltte lino have the unqualified affection of yo "out payments. It contains a proviits first meeting. When the tost expert had append- sion to the effect that in event of colleagues and the gratitude of the world at large. ed his signature to the numerous modification In these out payments, documents that make up the report. Germany will benefit to the extent of Hard --beaded Financiers and the war debtor to Chairman Young,, without rising d. Apptoad Tribute te Yeung. from his seat, addressed hit col' the extent of The financier, who leagues as follows: Da America Balance Fall have aat so many weeks around the "Gentlemen of the committee of conference table, rarely have allowed experts I congratulate yon upon the la First 17 Annuities. themselves to become demonstrative. successful completion of your work, Account was taken in the report But M. Moreau1 tribute to the U has been an arduous task. of the Washington agreement to deAmerican who presided over the ne"The plan is not one made In se- duction of 10 per cent in amounts gotiations brought hearty applause cret by mere technicians, but Is rath- dus United States for the costs of its from every expert er one which has taken account of army of occupation. The balance due The actual signing was preceded public factors affecting a final set- the American treasury on that acW. Lam of Thomas what ant the tlement. That to the way wise busi- count will be liquidated In the first 37 by United States, facetiously dubbed ness functions, and aa business men annuities Payments on mixed claims, the Inevitable dally crisis." A pow- we have taken that method here. however, will run on after the close erful light placed near the window "We may fairly claim for the plan of that period and will be completed for movie camera purposes set fire that It reflects our best Judgment In 83 year. to a curtain. The blare ran up the and a settlement ought to be arrived The section or annuities recomdrapery rapidly, but the curtain was at, with the advice, not of govern- mends that Germany' reparations wrenched from its place before the ments, but of peoples functioning debt be paid as follows: 87 annuities woodwork could catch fire. The fi- through a press which modern com- averaging 1,548,000,000 marks, plus nancial experts sat Impassively In munications have made Instantly ef- an amount for Interest on the Dawes their places while this wss going on. fective in every Interested country In loan that bring the total to The incident coupled with the cor- the world." marks (about 1483,000.000); rections in the text that were made 31 annuities averaging 1,700,000,000 hi the tost hour, delayed the actual run Text of Report Contains marks (about $408t000,000;, and a ceremony about 45 minutes beyond No FrUls la Speech. final annuity of 500,000,000 marks the time scheduled for it When the A summary of the report was Is- (sbout 8214,000,000). room had been cleared of smoke, the sued Immediately after the signature The annuities actually begin at L-door were opened and newspaper- ceremony. The full text, which will 675.000.- 000 marks, which means a men and photographer were admit- be released for publication Sunday saving to Germany of 750,000,000 ted. marks the first year as compared morning. Is a plain, straightforward Chairman Young announced that document, written without frills and with the Dawes plan. They never everybody was in agreement and that with the object evident In every para rise to the levels of the Dawes an- - States Military academy today by Major General William R. Smith, He entered West superintendent. Point In 1934, as a result of a competitive examination for a presidential vacancy. Sykes made 280191 points out of a possible tots of 2589 for the four-yecourse. He stood st the head of his class In 1927 and 1628 and during his plebe year was sixth. Other distinguished graduates In the order of their standing are R, L. DRESSES' ar th high-power- ed . Another Sensational Gourp of - Hill, Chico. Calif.; F. L. Blue, Jr Fairmont. H. C.; O. A Lincoln, Harbor Beach, Mich.; K. D. Nichols, Cleveland. Ohio. Hill, who entered the military academy from the regular army, where he served with the third engineers st Hawaii, Vs less than three points behind Sykes. two-thir- t i one-thir- hard-head- ed 2.050,-000,0- 00 nultles and after the thirty-seven- th ear they drop 800,000,000 marks bt-- w the Dawes standard annuity. Ths unconditional part of the annuities; that is, the amount that Germany must pay without any safe- or protective transfer clause, Suard i at 560,000,000 marks, and of this sum It to considered that will be susceptible of commercialization through ths Issue of bonds to that amount to be placed on the world markets or utilised In their own countries by the reparations creditors. Franc Can Realize 42,004,004,505 FlrancS From Balk. The bulk of airauitler wuseeptlble of commercialization is attributed to France, which It Is thought may realize from them a round sum of something like 42,000,000,000 franca. Marketing of these bonds In the world markets will be by concerted action of the central banks of the various countries after careful deliberation, but any creditor will have the right of use Inside its own country for purposes of refunding the Interior debt, thereby cutting at least 2,000,000,000 francs off the Interest charge In each ' 00 Hundreds of lovely New Dresses for all occasions fashioned from silks in the most fashionable Smarts prints -- . feature of the experts' report Is the nonpolitical organization which It recommends to replace the general agent of the reparations commission In handling reparations payment. , The experts propose organization of a "bank for International payments" for this purpose. They suggest It be situated In some neutral A mewt nevel 10 TO 20 -- ky on one-thi- rd A Special Offering two-thir- ds of Hart ScKaffner & Marx Suits Veil Pleased $39 S' These suits come just in time to make the values in this store even more outstanding than before. Naturally, they include the latest models for men arid ypung men; the newest patterns the choicest fabrics. a The quality is sq, much higher than youd expect for the money that it will pay you to pro, vide now for your needs for months to come. - t f, Arthur Frank 20-21- 0 South Main Street - WASHINGTON, Jims 7 (FJ. American government officials expressed satisfaction today upon the signing of the experts agreement on the German reparation payment, but declined to comment on the terms of the new settlement pending receipt of offeial advices. The United 8tates financially was only slightly affected by the experts revisions, as American Interest centers principally on allotments for the costs of ths American army occupation In Germany after the war and on allowances for the claim of American citizens for damages incurred during the war. The alotment for the army occupation corps aggregates sbout 8200,000,000, and recently, at a White House conference. President Hoover, cabinet officials and congressional leaders reached an agreement to have that amount scaled down 10 per cent on a pro rata basis with the claim of the silled nations The damage claims of American citizens have been practically adjusted with exception of a few cases estimated to amount to only a few million dollars. One of the chief points of Interest In the reparations agreement to the American officials was what action would be required by this government to ratify ltr. Without knowing the terms of the agreement, they declined to predict what would be necessary. At the same time, however, they recalled that when the "Dawes agreement was approved In 1924, all that was required was Former President Coolldge's approval cannErs plan session. .Directors o! the Utah Canners as- sociation wltt meet Monday In the offices of the Utah Taxpayers association in the Kearns building. It was announced Friday. Dr. M. H. Harris, statistician of the association, will speak on functions of the association, at the request of the directors. Turkish Towels 17x34 A Winner.. . Straws .. 4 . A Womens Hats, straws, straw binations, feltsand crochets. days Bpecial ' comTo- V I' 2.95 . A Kiddies DresH Straw Hats, in blues, tans, greens. Todays special : Turkish Towels, todays special, 2 for 17x35, all-whi- te ' ' 25c -- ' .' 36-In- values. Turkish Bath Mats special value. Todays Bpecial 49c , Womens todays special .... Regular 1.50 value,! HA v todays special.'... Regular 1.75 value, 1 OK todays special . . . the Pair Burlington Nevermend Silk Hose Guaranteed All spring shades.. a pair Today, , loo i d r e na Half . fancy pat- Socka, Todays cial, a pair h Plain Colored Sateens, a wide range of value. Todays special ; 20c - 1 colors;-regula- r 50c 29c Fancy Cretonnes, all fast eolors, modernistic . signs ; regular 50c value. Todaya special 36-inc- h 29c They usually refer to fine quality fabric, styling and above all, perfect fit All of these essentials are to be found in Z. C. M. L Down Stairs Store Mens Department. For example, in our excel-- .' lent line of Mens Suits there Is not a style detail, not a popular fabric, pattern or color omitted and the tailoring is such as to lend an air of distinction and prosperity to the wearer. Sport and Business Suits . spe- Todaya 29c 36-inc- 3 pairs is box for 2.75 Childrens reversible Hose, look better, wear longer; convertible turn euff for knee length ; colors, eamel, beige and black. Sizes 5 to 9 VS- - Regular 25c value. For todays spe" cial, a pair T 1 regular 50c value. de- . Good Clothes 4,85 terns. Printed Dimities, h About Tan Kid and Calf Skk; pike, euban and military heels ; pumps, straps, ties and oxfords. Todays m 85c When Men Talk . Patent Leather Ch Witchery Crepes, all fast colors; regular Todays special Regular 22x42 plain colored Tot ela, fine Turkish' weave; 65c h 29c 36-inc- 85o value, CQ ... special, todays Regular 1.00 value, 70 Todays specia- l- 29c 36-inc- 59c- - 25c V Indian Head Prints ch all-whi- special regular Our extra large,' extra Turkish heavy, Bath Sheet, regular 1.00 value. Todays special - v75c T4T Regular 45c a yard. 22x44 large double thread Turkish Bath Towels, with colored borders ; regular 45o value. Todays " Germany & leading airllnecompahy expects to carry 11,000 passengers this . . I UtoRJJI year. vivid New Summer Todays Special 00 Capital Heads in shades attractive crepe or georgette dresses in pastel-higshades - or. navy blue and black. . There are styles to suit everyone and there are sizes to fit the most difficult at this sensational value-givin- g price. years budget country, be managed by a directorate chosen from Germany, the creditor countries and the United States and that It act as trustee for all money received from Germany on the reparation account and disburse them among the creditors. This change has the advantage of removing reparations payments from wartime machinery and separating them from political Issues, and, as the experts have said, ''substituting for political machinery ths orderly methods of business." Altogether, the report shows that Germany gets satisfaction cm nearly all conditions she made when she accepted the Young annuities. She gets a moratorium for two years, eventually on half of the unprotected annuities. she gets the Dawes lien lifted from German Industries and the lien on railroads to to modified as to enable her to negotiate bonds to finance them. She gets special provisions for payment of the tost 21 annuities, which to any event will relieve her of of them. Germany Gets Premise ef Redaction When Nations Fay Debts, She also gets the premise that If the United States ever reduces the war debts due her from France and Great Britain, of the amounts remitted will be credited to Germany on the tost 21 annuities. Great Britain, which opposed continued deliveries In kind on reparations, because of the supposed harmful effect on British trade, gets partial satisfaction. The report recommends that they continue for only ten years, starting at a maximum of 400.000,000 marks and gradually decreasing to 300 000,-0marks, after which they disappear. Organization ol bank arrangements or commercialization of of the reparations debt to left part to the governments, but the general outline of what they think the bank to be Is furnished organisation ought far the guidance of the governments. shades. 19c For Young Men and Those Who Want to LookrYoung" t. Y, |
