New-York tribune., 1922-12-31
Britain Sees Fresh Hope
mU. S. RepaTGfiOn Policy
London Halls Hughes's Pro-
posaI as Most Helpful Utter.
ance Since Harding Regime
Nv Arthur 6 Draper
gyseial cobis 70 ne TrlbaHs

Copyright. 1879. Nsw York Tribune Inc
LONDON. Dec. 9O.- Secretary Of
state Huehes's speech az New Haven.
Conn. last night. declaring in favor
~ American participation in a world
conference on German reparations, IS
regarded here as the most hopeful ut
teranee made by a United States Cabi-
net member since President Harding
fsok Office. The Hughes suggestion is
looked ~ rs in every way preferable
10 Senator Borah's now qu!escent plan
for an international economic confer
Cncc.
In view of this concert Of opinion
between America and Britain. officials
here believe that the key 20 the re-
tupcrntion Of Europe and the restora-
ion of world order now Is held by
frence.
British Are Delighted
To say that the British are delighted
with Secretary Hughcs's plain intima-
tion Of the United States foreign pol
iey is to put 10 mildly. There is moth
ing in the speech Of the Secretary Of
State which Great Britain can fail %
auDDort Coming from such o source
Il is bound. too, TO create @ profound
impression In every European country.
The fact that Mr.. Hughes should have
offered suggestions at this time for
rfmedying the perplezed European sit
uation has greatly encouraged tho
hope to-day that 40 last . solution may
really be reached.
Within the last few days IL i9known
that Secretary Hughes has sounded out
French Official opinion through Ambas-
sad0r JUsserand, and the fact that he
elected to make the New Haven pro
nouneemsnt is interpreted ~ an indi-
cation that he has received encourage
nent from that source.
The British Foreign Office had hnd
no communication from Washington
Tor several days prior 10 delivery OF
fhs speech, but there is nothing
,trange in this. a. the State Depart
.nent 10 we'll Acquainted with the Brit
ish point Of view through Ambassador
Geddcs
That the speech Is bound 70 have
marked effect on the confeTenee OF
the Allied pTcmiers 70 Paris next
geek Is plain. More than ever now
The premiers have an incentive 20 come
10 an understanding. Should Premier
poincare still insist upon French Oc-
cupation ~ the Ruhr he will now do
20 In full knowledge Of the fact that
he II running counter 70 American as
veil as British opinion.
u. s. Action Held Assured
Whatever the outcome at Paris. how.
ever. some further action by the
e.. "a he
nomic situation now seems inevitable.
since both British and American bank
trs already have informed their gov
ernments that they regard any further
reparation discussions as useless
unless all the powers concerned are
prepared 20 take q moderate view, II
seems reasonable 90 suppose that Sec
rctary Hughes received some assur-
ances Of moderation from France be-
fore launching his proposal FOR a CONF
mission Of experts.
The feeling here tonight Is that tho
Paris conference may adjourn without
reaching on agreement, but with the
understanding that no country shall
sct In tho mean time without the sup
port of the others. IN such case France
would be enabled 20 name bankers and
experts 20 start a reparations inquiry.
POincare's Position Dificult
10 is recognized that the French gov
rrnment has been placed in an lwk-
ward position, as Premier Poincare will
have a difficult domestic political situ-
alton 90 handle n he absndous his
policy 81 cXactiug material guarantee
from Germany However the Hughes
analysis of the European situation is
considered a. cudnently fair
Great Britain Is likewise gratifed
At Prcsidcn, HfTdinE's suggestion 10
Congress that the debt funding COM
mission be loft .unfettcred. The Brit.
ifh refuse 20 read toe much into this
suggestion, but they regard it a. q
most hopeful vcsturo ia the direction
of stanley Baldwin. Chancellor OF the
kXehequef. who is about 20 arrive IN
Americs for conferences In regard q
thc debt