YOUNG URGES PARTICIPATION BY US IN THE WORLD BANK; EXPERTS REPORT TO HOOVER; CONGRESS HOSTILITY LIKELY But Its Approval May Not Be Necessary on Payments to Us. NEW REICH ACCORD NEEDED President Will Ask Congress to Abrogate Old System for a Separate Plan. SETTLEMENT AN AID TO US Experts See Benefits Exceeding Those of Farm Bill--Morgan Lamont, Perkins Present. Bank Working Questioned. Long Talk With Stimson. Paris Background Explained. Plan Seen Aiding All. Pact With Reich Discussed. Hoover to Consult Congress. Army Costs Reduced. Silent on Allied Debts. To Ignore Plan Annex. Stimson Stresses Privacy.
Attends Hoover's war debt conf, Wash
