The Washington times., 1920-11-18
america EXPECTED
IO.ST At GENEVA
Conference Acts on Assumption
Uncle Sam Will Become
Member Soon.
CONTINUED from First Page)

ebSf
lieu OF such central organization OF
the worlds available money, quicker
I remedies are available to nstions
represented at Geneva by readyust-
ment of Internal tax systems and the
application of brakes TO reckless ex-
'penditures.
Checking wasteful expenditures by
! some OF the iesding powers abroad
officials said. might prove disappoint-
ing to commercial and financial ad-
: venturers, but II would serve great
Ily to remedy some existing evils In
exchange.
FAVOR INTERNATIONAL PLAN'
At Geneva. the advlces said great
stress will be laid by the conferees
, upon plans for an international sys-
! tenn guaranteeing credits for exports
/ as a corrective for some credit ar
, ficulties. Officials are hopeful that
this idea, II developed along safe
| lines, may prove OF benefit to Amer
fcan exporters.
, The basis OF the plan Is to make
: raw materials serve as security Tor
( advances either by the banker or ex-
. porter, the proceeds of the manufar-
tured products being employed TO re-
/ pay credits extended. Officials de-
Y clared today that q serious obstacle
to this plan Is the fact that some
countries, by failing to enact legis'
lation protecting the exporter during
the stages OF import, manufacture.
and sale, may find 1t impossible to
commit their governments definitely.
RAY OF HOPE FOR u. 8.
A ray of hope for the United States
was conveyed by today's messages
stating that the Geneva conferees
handling financial problems realize
that restoration of order In puplc
finances is imperative and must pre-
cede expectation of American support
upon any of the many suggestions de-
signed to bring about Europe's eco
nomic recovery.
The financial group at Geneva viii
deal with the following among the
many principal questions brousrt
; by various representatives: -
The delegates will be urged to sur
port the plea for establishment OF az
international bank, the object OF
which will be to issue interest-bear-
ing gold bonds in exchange Tor
genuine securities. The guarantee"
under this plan would involve in GER
tain cases n direct control over the
yield obtained from the securities.
An important suggestion in this pro-
posal showing the Leagues domi-
nance of world commercial matters,
provides that the international bank
would be managed by committee
consisting Of delegates to be chosea
byI Ithe League.
RESUMPTION OF TRADE.
Another proposal yet to be worked
out deals with resumption of trade
upon large scale between the coun-
tries of the Central Powers and the
outside world. Suggestions thus fa.
are for the projection of a gigantic
syndicate, with the world powers par
titipating. to organize and control
such transactions.
An important proviso OF such
plans is designed TO re-establish trade
upon pre-war basis as far as pos
; siblc with old creditors. 1t also Is
suggested that the proposed syndi-
cate would be empowered to refuse
:or accept any proposed new business
developed from the Central powers.
OTHER PROPOSALS.
other proposals will deal with the
, various schemes for international
| control and organization of ex-
change, and guaranteed international
I loans. The latter plan contemplates
: the obtaining of raw material on per-
! sonal credits, under arrangements by
{ which assets or revenues may be seq
, regated, and against which various
/ governments may issue bonds. This
! is predicted upon the idea that n CEN
I tral commission to be created by the
i League Of Nations might exercise the
l. power of approval or rejection upon