Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1920-04-27
French and British Move to
Have America Be Banker
For League Of Nations Meets
Open Opposition.
ARMENIAN MANDATE Is
UNANIMOUSLY OPPOSED
Even Senator Hitchcock Fears
international EntangIenents
That Would Involve y. S. if
Edict Is Accepted.
BY ARTHUR SEARS HENNING.
Chicago Tribune Omaha Bee Leased Wire.

BY AK ON SEAKS aENNlNO.
Chicago Tribune Omaha Bee Leased wire.
Washington, April 26.-A French
and British move to have the league
of nations fund the war loans OF
the belligerents as Joint obligations
with the United States, ii the latter
joins the league as one OF the chier
guarantors TIRED up ruction in the
senate today.
While this new aspect of the.
league of nations was being debated
on the floor the cloakrooms were
buzzing with opposition to the
United States assuming mandate
for Armenia as proposed by the
San Reno conference. The scheme
fuond no advocates. even Senator
Hitchcock fearing the international
entanglements in which it would
involve the United States. 8
League Needs Funds.
Attention was also directedto the
statement tat San Reno that the
league had been unable to function
because it had no funds. The ques-
ton raised is whether the allies ex-
pected the United States to provide
the fnuds. If so, the allies appear
to be waiting for the banker to sit
before starting the game.
Senator Lodge had read in ths
senate a dispatch from Paris quot
ing former President Poincare and
others to the effect that pooling til,
war debs would be again considered
at the Brussels meeting of the
league of nations.
During the meetings of the Paris
peace conference" said Senator
Lodge, Il heard frem a delegate that
there was great pressure to get al
agreement in the treaty or league
covenant. whereby all loans OF diff
ferent countries in the war could be
merged and all engaged in the con.
test should become jointly liable
OF course, that meant making the
United States and Great Britain
alone the guarantors for most of the
other guarantors would not have
been of great value
Reads Two Plans.
Reading again, the senator's
brought out that two plans were to
be proposed at Brussels on the
French plan for an international
bond issue to refund all war loans;
the other. the British plan drawn by
]. Maynard Keynes, which Senator
Lodge said would put "the whole
burden of srehabilitating Germany
upon us, ...
at is coming up again and either
by giving power to the league by
necessary amendment or as a sepa-
rate proposition, we shall be brought
to face it" the senator continued
"Of course. not being in the league,
we shall not be liable unless we vol
unfairly join. or join in a treaty to
pool all the debts. To my mind it is
very great danger; not that / think
we are going to accedo to it, but il
we be drawn into such a treaty it
would become serious danger to
the whole American people and
would mean a burden of taxation
which it would be difficult to esti-
mate"
Preposterous, Says Hitchcock.
Senator Hitchcock interrupted
ridiculing the idea that such a pro-
posal would be seriously considered
by the league. THE senator, OF
course, does not mean that the
league will have anything to do with
the distribution OF debts incurred
through the war" said he. "Of
course, many preposterous state
ments have been made. The sena-
tor from MASSACHUSETTS would no.
credit the statement that 20 or 90
nations in the league would have
anything to do concerning the dis
Continued on Page Two. Column Ffye.)