The evening world., 1920-05-19
j. S. ENVOY TO AID
IN NAMING TOTAL
GERMAN WAR BILL
Continued From First Page.)

published the Presidents letter and
took no further action.
1t would not be surprising TO find
the President adverting to this in
cident ,Rgain when he returns the
Treaty Of Versailles to the Senate
for action. Cablegrams from abroad
within the last week have told of the
various plans and schemes which
are being concocted abroad to cancel
or postpone the. payment OF the AL
lied debt TO the United States, None
OF these plans has the slightest
chance OF being accepted either by
the executive branch Of the Govern
ment or Congress, which body must
approve any change in the existing
status Of our foreign debt.
v. s. COULD SAVE THE ALLIES
MUCH TIME.
But, IL is pointed out. the United
States could save the Allies consider
able time and trouble and many mis-
understandings would be avoided II
the United States could sit down at
a table with the Allies and the Ger
mans and assist in the economic re-
construction OF the world.
Delay on the treaty has prevented
this thus far.
THE Allies must get around to the
American point of view expressed at
the peace conference" said Bernard
NJ. Baruch, head of the American
financial mission to-day. "They must
tiX a definite and reasonable sum for
Germany to pay. And when this is
liked you Will see revival OF eX,
changes and revival OF prediction
throughout the world"
Practically the same view was
given the writer by Norman Davis,
another financial expert who went to
Paris for the United states Govern
ment and who Is Assistant Secretary
OF the Treasury in charge OF foreign
loans.
THE only way an apprcciabIe
amount can be collected from Ger
many" said Mr. Davis, "is to fix n
definite and reasonable sum and cap
ttalize II by issuing obligations"
or course Europe need not expect
America to accept these obligations,
however useful they may be in the
rehnanclng OF their own debts. For,
as far az the United States Is con-
cerncd, she looks to France and Eng
land alone 10 pay the money owed us
and Is not at all disturbed by the
absurd suggestions that the United
states should accept Germany repa-
ration bonds In exchange for the Sig
natures and guarantees OF the Brit
iSh Empire and France.
ALLIES ADVISED TO FIX
AMOUNT QUICKLY.
Another thing, the vlewpoint ex-
pressed IN Treasury quarters here In
that the Allies had better Ak a reason
able sum for Germany TO pay and do Il
quickly lest the amount tho Germans
finally are able to pay dwindles by roa-
son OF the very vaEueness ana unccr-
talnty Of Allied policy. Reports TO our
Government from Germany show a
striking apathy. The Germans say:
| whats the use--we must keep on
paying the rest OF our lives-and we
can't pay
In other words, a reasonable indom-
nifty must be fixed that will give tho
Germans incentive to produce and sell.
Otherwise tho Allies viii not collect tho
I money they expect But the British
and French are being converted To that
viewpoint, ana the purpose OF the pre-
lIminary conferences has been TO ar
range a programme TO put before the
Germans at spa.
Shall the United States stay out OF
the Spa conference or shall she az an
associate i'm the war and "A big creditor
Of European Governments, take her
seat and express herself and lend her
influence 10 the stabilzation Of the
finance OF tho world? President VIII
son was snubbed by the senate once