New-York tribune., 1922-03-19
Senate Backing Of Rhine
Demand and Expected
Note on VI ar Debt Kill
Allie d Expectations
Eventual Benefit
Seen i'm Situation
Continental Loan, Stabil-
lied Exchange and Cut
in Reparations Sought

By Wilbur F orrest
gpee.el ca5.e q rhe rr.5..r.

1
sgeotel Cable 10 The Tr.b,.~.
(copyright. 1892. New York Tribune Ina)
PARIS, March 18.-The demands
made in the Senate by Senators
Lodge, Underwood and Borah that
the United States insist upon pay
ments for upkeep Of the Rhine army
and the belief here that President
Harding is preparing TO serve new
notices on the Allies regarding their
debts to the United States are hav-
ing an effect in Allied countries
which is going to leave its mark on
Europe's future.
Pressure Of the American claims,
together with the recent refusal Of
Washington to be represented at the
Genoa economic conference. is ac-
cepted as final proof that Europe
can expect nothing from the United
States for q long time to come.
Service for Europe
Underneath the diplomatic ex-
terror which is characteristic here,
the Tribune correspondent IS able
to find 4 gradually growing convic-
tion that the attitude Of the United
States actually will do Europe
great service in that it will awaken
this continent to realization that
heaven helps those who help them
selves
The results Of the American stand
already may be tabuiated thus:
The latest American "blow,8 as it
IS called here, has greatly acceler-
ated the work OF European recon-
structon
Political division between Euro-
pean nations las been overcome as
is evidenced by the virtual conciu-
sion Of an Anglo-French alliance
at Boulogne for the economic and
financial aid Of Europe.
The Genoa conference has as
suned new Importance because
pan-European agreement is msds
more necessary by the absten.ion e 4
the United States. And in TINS con-
nection the League OF Nations, which
IS assigned TO administer the decis-
ions reached al Genoa. assumes 3
larger Importance than had been ell
visaged heretofore The prediction
is confidently made in many quarters
that both Germany and Hungary
viii be admitted TO membership u
the League at the autumn meeting
OF The assembly.
Reparations May Be Cut
Allied public opinion. and particu-
iarly French opinion, has ceased to
be horrifed by the word "conces-
sions.' and Premier Poincare Ut least
is not going to have much difficulty
politically in assuming responsibility
for radical moratorium on German
war bill payments and 4 reduction Of
tAo 7o92 i-stallments that the Rep
sration Commission is expected 70
suggest Monday.
The Reparation Commission i also
sfudyino means Of launching great
international loan based on guarantees
Of payments from Germany. Its find
ngs will be transmitted to the Allied
experts who meet in London on March
q to decide on an Allied policy al
Genoa. There is now considerable as
surance that this loan will be ore o.
the principal questions of the Genoa
conference, a,;noug~ the first thing 10
be taken up will be the stabilization OF
exchange rates. This viii involve q
great international money pool sub
scribed TO by all nations Of the Cont
nent and backed by guarantees not
only from Germany out also from the
Allies ara perhaps Russia as well!
Exactly what form the international
financial confederation viii take cannot
be forecast, although most favorable
mention is given TO the plan for cen
Lr-- -
chief power, that will control the issues
OF nationnl banks in the different coun-
tries. Although the financial sover-
eighty Of some nations would be re-
duced by this system, it is pointed out
that all Europe would be thrown into
! partnership in any move TO stabilize
/ EXCHANGE rates, and as this would i'm
prove commerce everybody would ben
eht.
German Participation Sure
That Germany would take promi-
nent place in any scheme of this kind
is assured and there is every reason
to believe that Russia will join. De-
spite Frances demand that neither
Germany nor Russia insist upon bring
ing up the German reparation or treaty
matters at Genoa, il IS virtually ad-
mitted that Russian reparations will
enter into the scheme OF things, and
there is nothing TO exclude discussions
Of Russian frontiers SO long as the
decisions Of Versailles are not brought
up.
Preparation for such discussion is to
be made at the conference on March
% suggested in note to-day from
Moscow TO the Baltic States and Po-
land. These states already have
common Genoa policy by agreement
with Rumania Czech Slovakia and
Jugo-Slava. That France and Eng
land are cognizant of these prelimi-
nary agreements and are guiding all
policies toward the continental fedora
tion here outlined seems beyond doubt.
Outside of Cabinet circles here the
attitude of the United States is given
full credit for starting this idea OF
community Of European nations. even
to the extent of bringing Germany into
the League of Nations. When BRAND