The Washington herald., 1921-12-01
Suggestions From Eu.
rope. Fail to Win
Approval.
REFUSES TO ACT
AS SANTA CLAUS
Harding Will Consider
Any Offer Allies Can
Agree Upon.

There will be no economic con-
ference held in the United States
to consider the debts of the world
This was learned from official
sources last night. The various
suggestions contained in dispatches
from London, Paris, Rome, Berlin
and other centers during the last
few days have. met with no real re-
Sponse in Washington
This does not mean that the
United States is apathetic to the
existing situation. The contrary is
true. But the initiative cannot
come here. This is the creditor ma
ton of the, world. Any suggestion
that the United States should call
a conference to declare that il was
willing to be a sort of santa Claus
would be misinterpreted every
where.
England Urges RefundIng.
II Europe and this goes for all
Of the states there. has any plan to
offer it will he carefully considered
here. But thati as far as the
United states can go. officials saw.
Suggestions that England and
Germany are taking the lead in
sounding out American financiers
were declared to be based upon
sound facts. England wants some
refunding program agreed to that
Will allow her to adopt financial
program covering years. When
Lloyd George comes here next
month. as he is expected, he will
have some unofirial suggestions 70
make. He will lot. howe Ser, make
any official concrete suggestion
dealing with the British indebted
ness to the United States. or the
debts Of European countries ~
Great Britain. Spokesman Of the
British delegation made this ex-
tremely plain last night He will
unofficially talk debts with the
President and other leaders OF
American thought. But that is az
far as he will go. But there NAV
he a response here that will be
beneficial to the Old World
Germans Connive Later.
III IHt "dhc OF Ine brltlsn premier
there will come to the United States
a delegation of German economists,
bankers and sgriculturalists who will
endeavor to arrange financial connec-
tions in. this country that will make
for the immediate sterilization of
German commerce and currenCy-not
necessarily the present German coin
standard But the German commits
sion will endeavor to make arrange.
ments here so that there will be a
resumption Of German commerce with
the United States and an extension
Of financial credits that will be for
the immediate benefit of both coun-
tries.
II is generally believed here that
an economic conference that will in.
Clude all European powers will be
called In the very near future to meet
in London. All Of the Central Powers
will be asked to he represented at
this, gathering.
Harding Refuses Suggestion.
The great question will be how to
bring about a general sterilization Of
exchange II had been suggested that
such conference should hest he
called by the United States. But the
President has refused TO be drawn
into the game.
Should a call for an economic con.
ference be issued soon it is believed
that the United States will be repre-,
sented As the great creditor nation
such course would be wise. And
inasmuch as Senator Watson and
other Republican leaders have in
sisted that they plan to force a
soldiers bonus through the next ses.
sion Of Congress, payments to be
based upon interest payments from
European debts. it will be very es.
sential that the United States take a
real part in any gathering that is to
plan to prevent national bankruptcy
OF peoples who suffered in the recent
Mar