Ogden Standard-Examiner | 1926-08-05 | Page 8 | Franc's Status Being Watched

FRANCS FRANC'S STATUS BEING WATCHED Secretary Mellon Meets Meet Italian Finance Minister Minis- Minis Minister ter on Tour J f PARIS Aug 5 BY 5 Dy The As- As As Press Three focal oca points held the Interest today loday o ot of observers ot of the European finan situation despite formal as- as assurance as cial rial clel that each of three dissociated from the gen ral problem tem lem They TIley were talking of ot the i with which r r r null i cue Is 18 moving alon along his program tor ter the financial rehabilitation o ot of oft t the country they were discussing visit by Andrew Mel Mellion Mel Mel- yesterdays yesterday's Ion lion American secretary ot of or ot Count Count the treasury to t the e o ot of th the tho Italian minister finance In Rome although Rome It was wU purely A said bald private ate call caU and there w was s con con- con chatting over the an- an announcement announcement an announcement from from Berlin Berlin that Dr HJalmar Schacht S hacht o ot the bank bank would confer conter shortly In Holland th h BenJamIn Strong f York federal governor of of the New Ne reserve resene bank Dam VISITS COU COUT T With regard rellard to the visit Mr Mellon paid to Count Volpi Rome advices said raid ld the two to finance seers seers- larlu who met during the Italian debt settlement negotiations n In conversed con for halt hilt l an hour principally othe ot of the W Washington conference Mr Mellon lon in talking with Ith the newe- newe newspapermen reiterated tha that his trip the to was made to of ot recreation No appoint appointment appoint appoint-a purpose ment has hall been made by Mr Ir Mel Mel- Mcl Premier Ion tor a meeting with Mussolini Reports from Berlin were to the effect that there here had been no of- of tidal notice taken of ot the Impend Impend- Impending Impend In ing meeting Dr Schacht and and Mr Ir Strong It was assumed at t the e German foreign office that the financiers would discuss mat mat- mat tars mat international International International tars hrs directly concerning banks of ot issue Issue Issue- Reports that Germany would join with other powers In aiding aiding- n the th were of the the- French franc were erl scouted In German financial quarters In Berlin MEASURES SS rSS As for tor Premier Poincare he has bc succeeded In having the tl- tl finance n 1 nanee nance nc committee committee of the chamber adopt his measures calling caJUnS for tor a sinking el fund to to retire national do- do f do-f fence nse and treasury bonds and hIs bill to she give a private company coman the tobacco monopoly He hopes bopes to have both these measures adopted by the chamber of ot det deputies to- to tonIght tonight night to-night nIght The premier has announced that It Is the tho Intention of ot the gov gov- government gov- gov government government to launch a great Internal loan the money to be used In consolidating Internal debts and stabilizing the franc iM M as yet has hu made madeno madeno no official as to his standon stand on the ratification of ot the Washington and London debt agreements The belief belle prevails however that these measures will not be passed assed through parliament until the October session