The New York herald., 1920-12-06

sations between the French and ESitish
Premiers, the French press obscures the
real issues at stake and Is concentrating
its efforts toward convincing the public
that there finally is real accord between
the Allies on the Greek problem. Never
theless, the correspondent of THE NEW
YORK HERALD vas assured to-day by
highly placed officials that despite the
half threats and financial warnings of
Premiers Leygues and Lloyd George TO
the Greek people the situation is still as
involved as ever, with Constantine hold
ing the best cards in the game for con-
servation OF the greater Greece which
would be his heritage from the Venizelos
administration IL to-day's plebiscite goes
in his favor, as is expected.
Mr.. Lloyd Georges intimation that
Great Britain will not indulge In any
further military adventures in the Near
particularly in the direction of
Armena--is frankly considered here as
dependent upon whether the treaty Of
Sevres is revised in such a way as to
menace British rights under it, In
fact. it is even reported here that Great
Britain is willing to sacrifice Armenias
independence on condition that the
treaty provisions regarding British SUI
pervision OF Constantinople and the par-
danelles are maintained. This would
leave the Smyrna question for settle
ment by Constantine whose intention
to head personally the troops in Asia
Minor is not doubted.
On the other hand. Frances budget
cannot stand an additional military bur-
den without complete collapse. There
fore, according TO the correspondents
informant, Constantine can continue the
Smyrna campaign without danger Of
French interference. with the additional
certainty that if the forces are insult
ficient because of the Allies withholding
economic and financial assistance
France and Great Britain will be COM
PEELED to advance the funds necessary.
Neither nation can expect to hold its
interest in Asia Minor without Con-
stantine's help. In short, as long as
Constantine continues the Venizelos poll
icy regarding Turkey, allied moral and
material aid for him are inevitable un-
less France, and Great Britain decide
to return to the status quo of 1914
The Leygues-Ldoyd George note refus-
ing recognition for the last emission of
Greek currency is not meeting with
cordial reception here so far as financitl
circles are concerned. In fact, Par
liamentary Interpolation is promised on
the issue whether the Premiers are justi-
fed in interfering with Greece's internal
affairs, which would have serious re-
percussion on the French money markets.
The drachma is sliding fast and French
financiers stand to lose millions.
On the other hand Constantine's al
lance with the Rumanian royal family
and also with money interests in Ger
many provides a strong possibility of
reawakening the Pan-German idea of
Mitteleuropa, which may yet cause the
undoing of the big Powers.
Then there is the League OF Ma
tons, to which Constantine always had
recourse as Greece Is charter member,
prominent Greek official reminded the
correspondent. Neither Great Britain
nor France will care to assume re-
sponsibility for appearing before Inc
league to demand the overthrow of the
plete self-determination How can this
be reconciled with threats of starva-
ton and commercial chaos. even civil
war, which the Triple Entente Is hang
ing over our heads as punishment If
the Greek national will does not coin
eide with thesrs?'
Constantine has suddenly appeared
well supplied with funds, and has paid
UP many tradesmen who have been
clamoring for settlement of their ac-
counis for nearly year The Princess
Chritopher formerly Mrs. Leeds. is re-
ported to have been largely responsible
for the financing of Constantine's cam
paign. She is now the constant COM
nanion OF the Queen Mother. and is
hailed by the Greek people as "The
Dollar Princess who believes the
American millions are likely to induce
credit from American financiers II the
worse comes 70 the worst in financial
dealings with the nations originally
guaranteeing the Greek treasury opera
tions.