The New York herald., 1922-05-12
concrete grounds. however it may diff
Ter in the abstract

concrete grounds. however it may diff
fer in the abstract. n
The final paragraph reads:
THE Russian delegation takes note
that the great obstacle in the confer
ence so far is this; namely, that the
idea of reciprocity called attention to
above has not yet been sufficiently
recognized by all the Powers. The
Russian delegation cannot refrain
from pointing out that the preliminary
conversations already held have opened
the way TO a closer understanding be-
tween Soviet Russia and the foreign
Powers. The Russian delegation is OF
the opinion that the differences which
have appeared in the course of the
solution of financial difficulties be-
tween itself and the foreign Powers
ought not to prove an obstacle to the
possibility Of a necessary solution here.
at Genoa of other problems interest
ing all countries alike; and. i'll the
first place, those problems touching
The economic reconstruction of Europe
and the consolidation for peace. Rus
sia came to the conference with con-
ciliatory intentions. and stili hopes
that efforts in this direction will be
crowned with success
This paragraph, It is reported, was
dictated By Signor Schanzer yesterday
IN order to save the bellge-ent aspects
OF some of the previous parts OF the re-
ply. Whatever the result may be, II Is
stated that all the Allies regard the si.-
uation as extremely dangerous Wn1e
lie Italians and the British ieel una.
they ought to go on and he~Frenen ana
the Belgians are laughing cynically, II
i~ certain that never since the confer
ance began have all four nations telt II
more necessary to hang together.
Lloyd George Assailed.
'rhe Russians begin with stating the
cries aS tosRussian reconstruction, point-
ing out that there has already been
rash of concessionists into Russia. con-
ficent In tie future of Russia. while the
rast Of the world hangs back, THINKING
OF Russia's past.
the reply charges Mr.. Lloyd George
with direct failure to live up 10 tne
agreement reached in the Villa de Al
bertis in April. that a direct credit
should be granted the Russian Govern
ment in return for the assumption OF
these obligations, which she was not
compelled in the law. to assume.
II practically refuses an arbitral tri-
h,nal TO settle wa. debts, as composed
ne four non-Russians and one Russian.
saving that the same prevalence OF Tor
eigners makes impossible the appllca-
ton OF Article VII through mixed
arbitral tribunal Article VII, incl
dentally. is characterized as an oppor-
unity. for the first time in history, TO
present two theories OF properly rlgnts
side by side.
The note then makes this ceci1ration;
Russia is still ready. in order TO as
sure the success of an agreement, 10
consent TO important concessions to for
eign Powers, but upon the absolute con,
'dtion that concessions equivalent ara
CORRESPONDING be made in favor of the
Russian people by the other contracting
'Oarties. The great mass OF the Russian
people could not accept an agreement
under which the concessions were not
balanced by real corresponding advan-
tages.'
This is regarded as the opening wedge
for a loan to the Sovist Government,
which even Mr.. Lloyd George says -
impossible; but the reply suggests that
the whole agreement be RENTED to
mixed expert commission to meet at
some future date. That may yet be the
course adopted, though Mr.. Lloyd
George was, reported late tonight as
being determined to Eight ii out on ths
Genoa line II 1t takes all summer" and
was said TO mean it literally. - -.-.--.---