Article Text
impossible for the railways to balance their budget of 1932 even though the unconditional payments, which the Young plan places upon them. should be turned back to them now through the Hoover plan. This was accepted as the first official indication that the experts' final report would contain for moratorium on conditional payments rather than for By EDWARD STANLEY London, Dec. 17.-(Copyright, 1931, Normaley Awaited. by the Associated world "As soon as Germany gets back to normal," the subcommittee report is standing on the threshold of the said, "the railways may be expected greatest prosperity It ever has experito attain net earnings comparable to enced-if only the necessary steps are those of the railways in other coun tries." taken-Sir George Paish, noted British An official committee said the comeconomist and member of the British mission had reported: official mission to the United States in First, that from 1925 to the railways were able to pay 660,000,000 1914, said today in an exclusive interin reparations imposed by the view with the Associated Press. Young plan, inasmuch as the net reThree of the chief recommendations were that the 1930 profits dropped to 000 marks, the basis of individual debtor's crease of 13 per cent, and that by capacity December, 1931, receipts had fallen by Even If the conference is limited to 28 per cent, and thus the company the question of German short forced to draw on its credits, official American participawhich included the benefits it derived tioin appeared uncertain due to atfrom the Hoover moratorium. tacks by Congress on alleged pracParleys. tices of political leaders and internaDec. tional bankers. and France began preliminary exchange of views today on the international debts and reparations con- Assets of Defunct Dayton ference to follow the Young plan adBank Listed at $685,171 visory committee sessions under way The committee is investigating Asets and liabilities of the closed Ameri"capacity to pay. The conference folcan National bank, Dayton, were lowing will consider revision. receiver. Thursday by The United States probably will be The receiver issued statement of the by "an observer" since nancial the Washington considers reparations vember the date on which the bank susbusiness purely n. European problem and is The follows: willing to discuss war debts only on hand, assets than bills on and cash hand, $209,616.78. Toon "COMFORTABLE unsecured, $456,VISION" deposits secured by pledge collateral, assets the bank aggregating $240.37 secured by sets of the bank aggregating $65,044.46 specialize in giving eyes bills payable secured by of assets the bank Whether you wear glasses Total, as $45,000. not, you may have me