Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-12-01
GERMAN MISSION COMING.
ITO u. S. SEEKING CREDITS
New York Bankers See No
Probability Of Float
ing Loan.
BRITISH ATTITUDE is PRAISED
American Finsnciers Believe Lcnicnt
Policy Is Only Way to Bolster Up
Tottcring European Financial Sys-
fem and Save 1t from Crash.
ny sidney Il. M'htppIe.

United News Stan Correspondent
NEW YORK; Nov. .3O.-The pro-
posed visit OF German financial mis-
sion to the United states will serve
to clear mp the economic differences
between the .ro countries arising out
OF the war. New York bankers be-
lieve, but il can have little effect upon
the economic situation in Europe te-
cause that problem is interviewer
with political issues which Europe
alone must solve.
The purpose of the mission. 1t is be-
lievcd. will be first to settle the qucs-
tions arising out of the conhscation
of German property by the alien GUS
todian under the various war claims
held by the United States. After that
the German financicrs may seek
either big national loan or an
arrangement for short-term credits to
enable them to buy American prod
ucts.
Can't Float German Loan Here.
AS far an American loan for
Germany is concerned. economists
agree that II would be next TO i'm
possible to float one under present
conditions. in view OF reports brought
back from Europe by bankers who
have been studying the situation.
The decision of Great Britain To nc-
ccpt moratorium on the German
PREPARATIONS debt Is viewed as the only
sensible action under the circuin-
stances
Germany cannot pay because she
hasn't the money TO pay" said
Francis H. Sisson. vice president OF
tho Guaranty Trust. In an interview
with the United News. Great Brit
ain recognizes this as an incontro-
vertible fact. and also recognizes that
the only way to bolster up the tot
tering European economic system is
to adopt a lcnient policy towards Ger
many. She is working on sound eco
Monies and tx not blinded by. senti-
ment"
France IIamperinE Factor.
In Wall street. France is regarded
as stumbling block in the way of
financial rehabilitation OF Europa
The opinion was expressed freely
that the issue has developed into a
question of whether the pract.cR
and "helpfal' policy OF Grea, Britain
will dominate the sijaation. .
whether France-eyen to The pcint o
breaking up the entcnte--will insis
on her policy OF destroying Germ
any" 1t les not believed that the
French leaders will 30 so far. but
that after voicinE stiff opposition 10
the English plans they will rec"ds
gradually.- from their present posi-
ton
The trouble is that the leaders
OF Europe today are statesmen" and
not economists" said one banker
"RriRnd. for example, is forced to
ically inclined public or he will lose
his job. He Is himself socialist.
out OF sympathy with capital. and
poorly grounded in economic funda =
mcn;als, LLOYD George. who al
though an Opportunist is more apt
10 let common sense govern him
rather than sentiment. is not an
economist. In this Instance he. ia we'll
advised"
u. =. to Give Easy Terms.
The average Wall Street banker Le-
short time, make arrangements for
the settlement of the foreign debts
10 This country. The basis of settle
mcnt. IL is believed, will be. first,
acknowledG cment OF the entire debt.
second. the working out OF a system
OF easy term payments, and third.
the waving OF All interest for sew
eral years. -