The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1920-09-15

| N
today
| Such a balance of power contem-
plated by Britain, however, is i'm
possible of achievement, according to
French political observers who claim
that the United States would be sure
to join the French combine. Thus
would be constituted the most pow
erful military coalition In the world,
ready to throw 25,000,000 troops
against Russia should Russo Ger
man alliance ever materlalize. An
Premier Millerand's decision to
sidestep the Spa agreement, which
calls for the Geneva conference at
which the question of reparations
was scheduled, to be definitely set
tied, was arrived at since the nego-
tiations with New York bankers last
week of the French loan, the terms
of which are considered here to be
so severe as almost to verge on hui
initiation to France.
Under the circumstances there is
full realization of the impossibility
of the success of "the international
loan," which would be destined to
monetize Immediately the German
long term notes which thu Berlin
government according to the Spa
agreement, was supposed tC issue
after the Geneva conference covering
the entire war debt of Germany to
the allies.
AS such an international loan GER
tainly would find no takers in Europe
the hope was entertained that
American investors would fully sub
'e it, thus substituting America
in the position of Europe as creditor
toward Germany for the next forty
eight years. 1t was this view of mat
tiers which induced France to agree
to reduce by more than half her pre-
vious claim on Germany, but since
the impossibility of cashing in i'm
mediately has reduced the claim the
French government feels that 1t is
altogether useless to reduce the
amount of her original claim
This fresh departure in French
diplomacy means that the Spa agree
ment arrived at only after the most
bitter chickering's with the German
delegates, has been scrapped and
that the entire financial problem of
Europe is again in chaotic state.
M The reparations commission will
be reinvested with full authority to
deal with Germany and to admins
trate the credit involving Germany's
economic slavery for several future
generations.
Incidentally, the new arrangement
will foster militarism, because 1t is
out of the question that seventy mil
lion Germans will submit willingly
to indefinite bondage.
The German delegates in Paris to-
day told me that the Berlin govern
ment, under the present circum-
stances, cannot impose any views
and must be ready to accept what
ever decision France takes regarding
the general conference, the amount
Of reparation, etc.
Should France demand three
hundred billions from Germany, Ger
many would be obliged to sign an
agreement to pay it but the payment
could not be assured L was told.
1--WE will go to Geneva or we will
not go, according to Frances wishes.
I'm the latter case,' Franco
German conference without Britain
and Italy is sure to be called in Paris
soon at which the terms Of repara-
ton would be settled without the
participation of the allies.
Should the Geneva conference
not take place, the Brussels confer
ence called by the league of nations
to assemble the worlds leading f.
nance experts to strike an equitable
level of International exchange
would be nothing but loss Of time.
I'm other words, the financial
chaos Of Europe will be indefinitely
prolonged by the split among the al
lies.''
' ~