The log cabin Democrat., 1920-06-29
ENTENTE TO MEET
 GERMANS JULY }
FIXREPARATION AMOUNTS
No U. S. Official to Participate in Meeting-Also Say Treaty
 Being Infringed.
By Charles McCann.

Limited Press Staff Correspondent
 London, June 29.-(By Mail )- Spa, where entente and German dele gates will meet for the first time on basis of equality, probably will be the list inter-allied conclave of major proportions, dealing with the Versail- les peace treaty The tentative date set was July 5.
 International developments, since the San Reno conference, have been such that Premier Lloyd George is extremely anxious that Spa shall wind up bargaining" insofar as the Ger man treaty in concerned. Since the Italian cabinet crisis and the Frank fort occupation it has become evi- dent that cooperative action among the allies is scheduled to be more and more difficult Economic and commercial rivalry between the Euro pean countries, regardless of past affiliations, will again develop. h. dividual action, except in the case of Turkey and Hungary, with whom treaties have yet to be concluded, will enable each country to mend it's own fences"
 While, according to officials close to Lloyd George, the German delegation at Spa will be met as equals and will be permitted to present their own case in their own way, they come with the distinct understanding that the peace treaty is not to be modified in any way.
 The German delegates, according to well-informed officials, will be re- quested to make the first overtures. Millerand and Lloyd George, it is be- lieved, have already decided upon maximum and minimum demands. Should the German estimate of their ability to pay fall within these limits, the conference will rapidly come to a close. On the other hand, if Ger many's offer is below the estimate of the entente, her delegates will be giv- en an opportunity to advance argu- ments and proofs in favor of their claims.
 The general concensus among fin ancial authorities at the present writ ing is that Germany will repeat the proposition made at Paris last fall by Brockford-Rantzau, namely, 5,000,000,- 900 pounds (nominally $15,000,000,- 000), with reservations bringing this sum down to approximately $7,500,- 100000. Any such offer will be sum- marily dismissed.
 Various estimates of what the al- lied reparation demands will be have been made. The most often men, toned in the British press is 5,0OO,- OOO,OOO, while the French experts place it at $30,000,0O0 ,000. Original demands made by France at the Yer sailles conference amounted to s5O.- oo0,OO0,OO0, while Keynes appraisal of Germany's liabilities scarcely exceed ed SlO,0OO, 100000. Lloyd George, it IS understood, has been greatly in- tIuenced by Keynes deductions.
 Intrlngements of the treaty, varied and many, will also be subject for dis cussion at Spa. This excepts the dis armament clauses, which the allies decided at San Reno and the Hythe conference should not be allowed to lag. Any questions concerning dis armament not already under consid- eratlon will, of course, be perman- ently disposed of
 Failure of the United States to par tlclpate at Spa will be a great set back for the entente. The French hope of immediate payment" is based upon the possibility of capitalizing Germany's reparation promises and dsposing of the German bonds in the United States and Britain. Consid- erable wealth is in private hands in France, but French investors. after their experience with Russian war bonds, are loath to sink any consid- erable amount in German promises tc ! pay.
 According to American official, here, it is extremely unlikely that the United States will participate. Al least, neither Ambassador Davis no,
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