The Birmingham age-herald., 1920-05-05

1 eacE nation would receive its propor-, donate part when settlement was made. There was published a book in Great Britain a little later which
 purpoted to write a rew charter tell-l
 ing the true history of the Paris con- ference. This work gained instant at,
 tention. But in the financial district
 IL was speedily pointed out that the.
 entire work led up to the final cnap-
 ter which was nothing less than a, somewhat disguised proposition that
 the United States undertake to fi-
 nance Great Britain and Europe in such way as to relieve them of their war indebtedness.
 A GIGANTIC POOL
 little later there came to the fi-
 naEciers excellent pl cof that France,
 possibly supplemented by Great Brit
 ain. would undertake in some plausi- ble and persuasive manner to perfect
 a gigantic war debt pool At .ast came intimation that proposition of this kind would be made at the in-.
 ternational financial conference, which is to be held presumably at Brussels within a few weeks.
 Thomas w. Lamont. who was the fi- narcial adviser of our peace commis- siorers at Paris. needed no positive statement to assure aim that the prof ect of a gigantic war debt pool was uHOSF StIlOuS COnSl0FTaIlOH DN lne French statesmen. and in fact they
 would had they dared. to go so fars
 have recommended that there be con- tained in the League of Nations cove nant an agreement which would au- thorize the organizing of a pool of this kind. MT. Lamont shook his head firmly when he informed those who purported to speak for France that the United States would not consider a Nr ion, 0f thnt lyt hat an " F. Davison sailed for Europe early. in February. it was the expectation ee his friends that he would attend a conference whose members were rep resentative financiers of the various nations engaged in the European war. MT. Dawson presumably had in mind a proposition involving the pooling oH American resources in such manner
 as to make it possible to extend credits to all who were worthy of consid-
 eration of that kind m Europe. MT. Davison. however. eturned without having opportunity 70 offer a sug
 gestion of that kind since the inter-
 national conference is to be an entirely different body from the one which was
 at first suggested He. too, looked upon the proposition which involved
 the creating of a gigantic war debt pool as chimerical.
 Senator Lodge according to informa ticn brought to New York today learned upon what seemed to be gooo
 authority. that the proposition ihvplv- ing the creation of 2 war debt pool viii be the chief subject of discussion
 at the international conference, and
 that every effort will te made to bring the United States into pool league of that kind. But Senator Lodge Is
 reported to be of the opinion that so
 far as this country .s concerned, tho proposition will not avail. For. in the first place. Congress will never con- sent to the legislation which )uld he necessary and in the second place.
 the ablest financial authorities of the United States are convinced that there
 would be serious menace financial, commercial and industrial. if the United States were brought into a pool
 of that kind. Probably Europe looks upon the great resources of the United States as sufficient to meet any de- mand which may be made upon the pool