The New York herald., 1922-05-01
mour propre and injure the cause Of

amour propre and injure the cause of
peace.
Lloyd George is supported silently by
most OF the European industriailsts.
Irany of whose representatives are here
telling dismal tales OF Idle factories ana
s~eing in the Lloyd George policy pos
itive constructive effort which possibly
win ease the situation, while the French
policy is interpreted as negative o.
fer.ng.
IL was announced this afternoon that
NJ Barthou had postponed his departure
TO Paris to see Premier Poineare.
The second round in the duel oc-
CURED at o'clock before the subcom-
mission during a discussion or Article
of the English memorandum regarding
war debts. Barthou wanted fun pay
ment though debts were English. Lloyd
George and the Italians wanted imme-
date reduction OF the debts by per-
centage fixed by arbitrators. Barthou
said he was not bound by the letter OF
April Is 10 Tchitcherin because RakoV-
sky interpreted the phrase, writing
down" as ''wiping out the debts" Lloyd
Georges letter of April 10 was formal
obligation which the British could not
treat as a scrap of paper 60 be torn
ZIP. Carlo Schanzer agreed whh Lloyd
George. but subsequently he tried to
prove there was no difference between
the French and English views.
The Japanese Ambassador, Baron
Hayashi, said he was not present at the
conversations at Lloyd Georges villa,
and therefore was not bound by the
letter OF April IS and not committed to
reduction.
A small committee of RussIa's cred
ftors, including France, England. Italy.
Tapan ad Belgium, was formed to
study her war debts and her present
production. The committee viii report
AZ III o'clock tomorrow.
C.sNoA. April so (Assoclated Press)
rho Pope's letter has created great in
terest and has seemed already To in
spre all 10 renewed efforts to malice the
Genoa conference Of lasting good TO the
world.
The f,leals of the Pope are being
nreached here by Don Luigi Sturzo. head
er of the Italian Catholic party, vino Is
attaining "a unique position in an unof-
Acial capach.y at the conference. There
seems to be- a remarkable identity of
vie,ys concerning international coopera-
ton and international brotherhood pro-
clained by 81 urzo with those Lloyd
George has recantly been urging in con-
nection with tfAs necessity or making
some cooperative arrangement with all
the peoples of Ealrope, including espe-
cially Russia and Germany.
Officially. the economic conference saw
little activity to-day. The jurists who
are striving to compose the differing
Sfess or France ana Great Britain on the
settlement of the Russian war debts, met
this afternoon and ma.'e considerable
progress. Their report wnl be submitted
to the conference, as will also the plan 20
dispose of the vexing problem of private
property in Russia which was confiscated
by the Soviet Government and nation
allied. France wants it restored, III 1t
cam be located, but Britain will be con-
tent with enjoying the use of 1t.
The jurists appear to have discovered
some formula. which, according to
rumor. mentions neither naturalization,
ownership or private property nor capi-
talism in a way to offend the Soviet fol-
lowers of nationalism or the supporters
of capitalism in other countries.