The New York herald., 1921-11-30
FRENCH CONCERNED
AT FALLING VALUES
Would Welcome American Eff
fort to Stabilize Foreign
Exchange.
CONFERENCE PROPOSED
Participation Of U. S. Bankers
in Stemming Financial
Collapse Urged.
CONFERENCE PROPOSED
ny RALPH COURTNEY.

| Special Despatch to THE NEW YoRK HERALD.
Sew York Herald Bureau,
Washington, ID. g., Nov. 20.
U In order to prevent the early financial
collapse of Germany and the continued
downward movement of European ex-
changes. the French arc prepared to
greet with enthusiasm any financial con-
ference in which American participation
may be obtained. 1t is stated that the
Federal Reserve Board Will send an uns
official observer TO such n conference.
1t is estimated that Germany will just
be able to meet her reparations obhga-
tions falling due next January and Feb
ruary, but that these payments viii In
all probability result in the final col
lapse of German monetary values.
The French express great concern that
this should be prevented. In View OF
Germany's impending monetary ruin, the
reparations committee recently sent out
word urging immediate financial advice
as to what course Should be pursued.
The reported visit OF Herr RathenRu
and DR.. Walter Simons to London IL
doubtless regarded as connected with
the next rGperations payments and
doubtless 0nEncie. matters will be con-
sidcred at Tie next meeting OF the
Supreme Council. Lieyd George Is re-
ported to 1avc suggested Supreme
Council reetinp: at an early date. thus
adding ore rncrc reason why no may
not be nbie to come TO America at
present.
Many Europcan statesmen believe an
attempt TO check tho collapse OF Euro
pean exchanges is even more pressing
than sa.Jje or the discussions in Wash
ingtcn.
NJ Louis Louche1r. French financier
and Minister of the Devastated Re-
sions. told friends before the present
parey that an international financial
conference 70 follow the arms confer
ence was almost inevitable.
At tho lae- International conference
on financial matters in BRUSSELS tho de-
STABILITY was brought out of holding
Il subsequent meeting TO deal with fall
ing exchanges ard other financial ques-
tions. AZ th3t time, however. and ever
since Arna,Hcc So reid aloof from those
problems snd l. Was thought useless to
ioress for other meetiDgE. NOW. in the
face o: n possible early col'apse of Ger
many and tho probable effects on other
countries IL becomes Imperative that
action be taken at an carly date.
1t is also said that American finan-
c,ers Join IN the demand for action and
that IN the highest American quarters
America IS spoken OF as n possible par
ticipant In such conference.
The French. who are prepared TO bring
forward their viewpoint, feel no doubt
that England also has scheme to,pro-
pose. The English previously suggested
u great international loan TO cover Ger
many's reparations, but that scheme is
impossible without American represen-
tation.
The fact that leading American finan-
ciers now realize the danger OF the Eu-
ropean monetary chaos leads to ths be.
lief that America will now join in
council to put the world on a sound
economic basis.
1t is assumed such a financial confer
ence would meet in Europe some time
next spring soon after the Washington
conference has adjourned. '