The New York herald., 1922-04-10
RUSSIA BIG ISSUE
No Surprises Unless
Soviet and Berlin
ENJOYS Force 4
Them.
FOR THRIFTY GERMANY
Britain for Trade Freedom,
While Poincare Urges
Supervision.
VAST LOAN SUGGESTED
Some View 1t as Surest Way
to Insure Sterilization
of Europe.

Special Cable to THE NEW YORK HxRALD
Copyright. 1899, by THE New YoRK HERALp.
GENOA, April 9.--No surprises are
expected at to-morrow's opening ses-
sion OF the Worlds Economic Con-
gress. All the addresses of welcome
by the Allies, it was authoritatively
stated to-day, will be kept clear Of
the problems on which the Allies
themselves have not agreed, and un-
less Germany and Russia inject such
issues and force them on the assem-
bly, the conference promies to start
with purely economic character.
The idea of Premier Lloyd George
is to restore the concert of Europe.
The idea of Premier Poincare is to
avoid isolation. Both ideas have a
clear right of way for hard work by
the financial and economic commits
sions before any Of the several deli
cate political problems are tackled.
The Russian question probably will
be postponed until the final sessions
and in the meantime Europe will be
furnished with the spectacle OF full
representative congress busy with
the study OF the problems which u
has beepg tpld are the root OF the
busfResS depression. How long the
economic discussions viii require IS
being estimated at from six to eight
weeks. with the conference probably
lasting up to three months.
The British view is that the real
issue before Europe is the problem OF
debts, and that this must be dealt
with as whole. Indications arc
that the British delegates are follow
ing up the plan OF Sir Robert Horne,
Chancellor OF the Exchequer, that
Britain cancel the French debt ana
that reparations be proportionately
diminished. The English insist,
however, that the reparations ques-
tion is only one element, and not the
most vital element in the debt ques'
ton, and do not see how In the
natural course OF study IL can bs
avoided. They will not handle IL
purely as a reparations question, bur
will label 1t debt" along with the
other national and interallied debts.
French scheme Similar.
France has her own scheme, IN
some respects similar to that Of Sir
Robert Horne and TO the same end
that loan can be foated through
which Europe will be financially
stabilized. The major difference be-
tween the two schemes is the nature
OF tie guarantees. Mr.. Lloyd Georgs
regards a thrifty. free and productive
Germany as the only guaranty which
the business world, especially as rep
resented in London and in New York.
will regard as suitable.
The French thesis Is that the oniJ
real guaranty in Germany's case is
administrative supervision and cor-
troll OF German customs and siniila-
measures This fundamental differ
ence is likely to provide the most in
teresting struggles of tie entire con-
ference. The French policy Is frmlv
pledged to the doctrine OF exactin-
guarantees just az Mr.. Lloyd Georg
ia firmly convinced that a prosperous
Germany Is the only allurement whic,
will satisfy the bankers OF the worli.
Mig Developments Pending.
In British circles the word has gor~
out that big developments are pendinr
and that the entire weight of British
power will be used here 10 bring about
n consolidation OF European finances.
When this rs accomplished the British
hope the European concert will be auto
matlcally restored and that European
questions in the future can be dealt
with by gll OF Europe instead Of being
confined to the Supreme Council.
The British expect ten years truce
10 be one OF Mr. LLOYD Georges chief
proposals. This proposal already has
been broached and stlpulates that all
European countries pledge themselves
10 accept the geographical limitations ct
the peace treaties for n decade. This
il Mr.. Lloyd Georges version Of Amer
ica's plan to limit armaments, for he
argues that with the frontiers guarar-
teed a reduction IN armaments r. bound
70 follow. hrs appeal IN this direction
will be made principally to central and
eastern Europe, possibly with the al.
mission that " may be regarded a. q
hardship for Germany 10 put up with
the Upper Sileslan- Polish frontier. Hur.
gary to accept the exclusion or thousands
or nationals and for Russia to recognise
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