Disappointment at French Pro-
Posals: Conference to Influence World's Peace Washington, Sept. 25.
The Franco-American debt-fund-
Ing. negotiations formally opened with a speech by M. Caillaux hoping they would reach a settlement not only of a practicable nature, but worthy of th of two great nations. He paid tribute America's efforts during the war.
Mr. Mellon, replying, declared that 'America' would not minimise the burdens that France had borne, nor the difficulties menacing her fature. But this condition, he said, was not permanent and France would emerge successfully. He knew that the present conference might greatly influence the peace of the world, and felt, therefore, that there was a great responsibil: ity, resting on hi "It in our duty," he added, "to reach a conclusion which, in' the estimation of both our peoples, is and, in the practical test of time, workable."
Mr, Caillaux has already tabled off which, he says, he unacceptable to some of the Amer-fan commissioners, but it appea that the majority are willing to use them as the starting point of further negotiations.—Reuter's Amer-can Service.
Text read from the printed page and cleaned; old type leaves the occasional error.