INTERNATIONAL
Young Plan Protested
Business must sometimes subordinate itself to Politics. Seven weeks ago John Pierpont Morgan and other international big tycoons finished drafting at Paris the so-called Young Plan, embodying their potent recommendations as to how German Reparations may best be paid through an International Bank of Settle-ment (TIME, March 25, et seq.). Politicians representing Germany and the Creditor Powers must now accept or reject the tycoons' advice. Last week, after a month of spirited bickering among European chancellories, it was decided to hold a "Political Reparations Conference" in mid-August at...
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