The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1919-02-12
UNITED STATES
OPPOSING PLAN
TO POOL DEBTS
America Willing to Supply
Credit But That's ALL
nly The AssoeIalod rrs.l

n'y The Associated Pten)
PARIS, Feb. IL Meetings afe go
ing IN today A. they have almost
continuously during the last few days
between men who have come 10 Paris
at the call OF President Wilson and
the prcmes to deal with great fl
nlncial problems arising out OF the
war Every delegation admits the
gravity ~ the problems presented
and the absolute necessity for their
settlement II the world i, 10 be saved
from universal bankruptcy In no
place is It regarded as 80 evident that
there must be the fullest and most
cordial cooperation between the ma
tons now represented at the confer
ruce than in the effort 10 restore the
stability Of currency, reduce prices 10
reasonable level, get rid OF super
iluous issues OF war paper. prevent
I ,hcr excessive iluc,uations OF ex.
change and regulate the rates Of in
,cred ON, and the amount Of bonds
10 be issued
Debt Pool Opposed.
Alreacdy initial steps have been
taken 10 commit the peace conference
~ the adoption OF a great intefna-
ilonal pooling system OF debts which
shall include all neutral nations
whether they wish 10 or not This
will meet with the most determined
resistance from the American dele
gates who feel that America did her
iull share 10 the allies by furnishing
troops and almost unlimited supplies
of money and material. They are
understood IN be quite willing 10 re-
lleve France of the nightmare OF
German power by extending further
credits 10 enable France to rehabili.
tate her industries and 20 enabl-
France and Belgium, as well, 10 hold
their own IN the worlds market, but
they thoroughly appreciate the fact
that il is beyond their power TO com
NIT their country 10 participation IN
any monetary credi, system with
European powers. They also feel
that some cf these oountrie, have
been derelct in no, imposing, as the
United States and Great Britain did,
additional taxes upon their own pso-
pic during the war n meet. at least
in part, their obligations, instead OF
calculating upon reimbursement from
iudcmnltlcS TO he collected from the
enemy,
Old Ideas Persist
The revival of the spirit OF the old
Paris economic conference which
planned boycotis and af,er-ihe war
determinations. is sometimes in ovi-
dcnce during discussions. II made
its appearance in the desire Of one
country TO impose discriminatory
dutie, on enemy commerce during the
nsideration of the plan 10 make all
International waterways open for all
nations on even terms. This was re-
garded as violation Of one Of the
fourteen points" bu, the commission
dealing with the subject Is having
some difficulty in passing this point
However, the general acceptance OF
the principal Of international control
over such waterways to the extent at
least OF prescribing rules which
shall govern navigation and defining
the riparian rights Of abutting ma
tions, is said to have paved the way
for ultimate agreement in the COM
mission upon report which will
probably he received with approval
Ivy the peace conference or its lega-
tee. the society OF nations.
Many Problems Sidetracked.
While President Wilson and the
allied prcmicrs and generals arc
deeply engrossed in perfecting th-
plan for the creation OF . society OF
nations and arranging the new terms
20 be imposed upon Germany for 4
renewal OF the armistice, expiring
next Monday. other subjects Of the
greatest Importance are being pre-
pared for the consideration OF the
peace conference. II 10 expected that
the conference will spend little time
discussing them. however, and will
pass most OF them on to the society
Of nations when the latter has been
created and ready 10 function.
Foremost OH this secondary pro-
gram are the recommendations OF the
commission on International labor
legislation. The commission is one
Of the few having an American at its
head, and Samuel Gompers. the chair
man, has been pushing work along a,
a great rate. so that Il Is EXPECTED he
will have a report ready for the con-
ference as soon as il Is ready TO re-
oeive il.
Contrary Currents.
There have been difficulties in
reconciling the divergent views OF
British and American interests as
each i, radical in some respects and
yet conservative in others, In the
opinion of some labor leaders II is
said tl,e difficulty in getting together
has risen from the fact that there is
no coincidence between their plans
The British are radicals where Amer
leans are cautious. while the Amer
leans throw conservatism 10 the winds
when considering matters on whicl,
the pritish are careful