It is announced that the French proposals. for funding the French debt to the United States have been rejected, Later.
A temporary settlement has been reached in the debt negotiations providing for the payment of $40,000,- 000 annually.
The arrangement covers a period of five years, M. Caillaux to-morrow will take] back the American proposal, enabling continuance of the discussions with 1 view to permanent settlement at] any time within that period.
Later.
Announcement that an agreement} ad been reached came at the conclusion of a day. full of conflicting rumours, during which all concerned laboured unceasingly to reach an exit from the impasse created early this morning when the American commissioners announced that the French proposals were unacceptable.
The opinion is generally expressed that President - Coolidge, while
anxious to] influenced prevent M. Caillaux from returning without an agreement—Reuter's American Service.
New York, Oct. 2
All morning newspapers regret that a full settlement of the French debt has not been accomplished.
The "Herald-Tribune" hopes that tical manoeuvring of BIN.
aux will be permitted to cloud in the French mind the fact that the American proposal was fair and generous—Reuter.
Paris, Oct. 2
The press is disappointed at the Result of the Washington negotiations. "L'Homme Libre" is of the opinion that the final result of the American proposals willie a. United States mandate over France.
—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.