Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1922-04-22
FORWARD
MADE BY GENOA
ECONOMIC MEET
Hope Is Expressed That the
Greatest Congress Euro
pean Statesmen Ever Held
Will Do Some Good.
(By The Associated Press }

Genoa, April 81 (by the Asso-
ciated Press) The economic con-
ference today made a great stride
forward. The elimination of the
Russo-German treaty from tire
controversy, and soviet Russia s
provisional acceptance of the al
lied conditions concerning foreign
debats ana confiscated property of
foreigners, produced a very defi-
mite hope that the greatest con-
gress European statesmen ever
held will accomplish something
real and tangible for the recon-
struction of Europe. including Rus
sia.
Demands Accepted.
The demands of the powers which
have been accepted include the
waiving by Russia OF her counter
claims, based on military inter-
vention; recognition of war debts
to the governments, with the un-
derstanding that they will be con-
siderably scaled down; recognition
of debts and financial obliga-
tions due to foreign nationals and
the right of foreigners to have con-
fiscated property returned to them
or to be given proper compensa'
tion for 1t.
The conciliatory nature of the
answer of the soviet government
contributed to the optimism that
the bolsheviki earnestly seek ar
arrangement with the powers by
which Russia will be permitted tC
enter into the comfy of nations
The clear and brief demands oi
the allies, which afford a concrete
basis for discussion. are compared
here by the observers to the con
crete American proposals for nava
limitation which was introduced a
the outset of the Washington con
ference and which gave the dele
gates to the washington gathering
an opportunity to concentrate dis
cussion on something tangible an(
constructive.
Foreign Financial Aid.
The insistence of the soviet or
foreign financial aid as a neces
sary condition to Russia's saliva
tion serves to turn all eyes toward
the United States, for il seems tt
be recognized that effective sue
cor for Russia is impossible with
out the participation Of American
capital. This conviction is so pro
found that the allied representa-
tives are limiting that they woult
like to see Richard Washbur1
Child. the American ambassador t
Italy, attend the discussions OF
Russian affairs.
The sentiment regarding Alneft
can financial support was summe
| up today by former Presiden
Motta of Switzerland, who SAT-
that without assistance from tn
| United States it would be very diff
ficult for Europe to win out. wv
do not believe that America viii
forget the. ties binding her to Eu
rope" hesdeclared.
| simultaneously with today's de
velopments here, prominence wa
given press dispatches from tn
United States asserting that publ
opinion there did not expect an,
assistance would be given Europ
until Europe put her house il
order and really got to work, set
tied the problem of German rep
arations and reduced her armies
Voices Hope for Success.
Signor Facta, chairman of tn
conference, tonight official.
voiced hope for the success of TIL
conference which the soviet repl.
of today is considered to justify. !
committee of seven experts. repre-
senting Great Britain. France. Bel
GUM, Italy, Japan. Holland ant
Czecho-Slovakia. will meet tn
soviet experts tomorrow to inaugu
rate a practical discussion of tn
entire situation. Rumania was as
signed a place on the board of eX
perts. but withdrew in favor o
|Czecho-Slovakia.