The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-05-19
GENOA ECONOMIC
ference: ENDS
THIS AT FTERN00N. |:
Financial Farley, in Session
Thirty-Four Days, Dis
appointing to All.

GENOA. May 1s.-(By The -Asso-
ciated Press 8 Prime Minister
Lloyd George Of Great Britain, in
his speech to the Genoa conference
today said the conference had
gathered fine crops, namely the
meeting to be held at the Hague,
the non-aggression pact. and the re-
ports of the finance, transport and
economic commissions. which he
said alone justified the holding OF
the conference.
These results must be inco-porat-
ed into living practice. however,
the premier added, in order to a:d
in restoring European vigor and
prosperity.
we are now at the end OF the
most remarkable conference ever
held in the history OF the world, he
said The Genoa conferen ce Will
forever be an inspiring land mark
in the pathway OF peace.
Lloyd George called attention t.
the bad effect Of the Russian mem
orandum had on the world. and he
warned the Russians that If they
desired to win success at the
Hague it would be better for them
not to: enter eloquent presentations
ofs3;theS doctrine Of reputation of
debts. Sucll4Sa. course is unHise
When4one wanted to oi>bprrpW more
money, ti1e remarked y 81 " s5.s-
@ Europe. he said, was anxious to
help Russiag but Russia must ac-
cept the code of honor W tn Eu-
rope.
81 Russia Warned.
rr1 - pd
Russia that Europe was gradual
" filing the gap left by Russia's
decline, but was sad to see mil
lions Of Russians in despair and
starving. .
When man sells goods. -declar-
edeGMr Lloyd George. he expects
the. buyer to pay for them when
a. man lends money he expects the
borrower to repay. and when a
man asks a second loan he must
repay the first one. He argued
that "the Russian tornado" had
not %uprooted these basic laws of
thesworld's business, and declared
the Russians must accept them if
they wished the worlds co-opera-
tion.
Session SoIemniy Closed
The labors Of the conference will
be begun anew at the Hague on
June Is.
The conference adopted the re
port OF the economic commission.
adopted the arrangements for the
conference at the Hague and pro
claimed Prime Minister Lloyd
Georges famous non-aggression.
pact. Premier Facta of Italy, as
president of the conference, sol
,emnly closed its sessions by bid:
ding farewell to all the delegations
on behalf of the king, the govern
ment and the people of Italy, by
thanking them for their valuable
work and by expressing best
wishes for the future prosperity
or all nations.
The Dutch minister, on behalf of
Holland. voiced the assurance that
everything possible would be done
by. the Netherlands to facilitate the
work Of the forthcoming conference
Of. experts, with the Dutch govern
ment and people contributing all
they could to the success of the
meeting at the Hague.
The keynote of all the remarks
at the final session was: one of
1I1eQQSAlpF duo Col ASSe g. oSS1t 2 -
help Russia
Foreign Minister Tchitcerin Of
Russ1a's last word at the confer
ence was that the real cause OF
the failure to obtain settlement OF
the Russin question was that the
footing of equality between Russia
and. other, powers had not been
maintained. a%s
In Session Thirty Days.
The economic conference end
ed today with a meeting in San
Giorgio palace after thirty-four
days Of efforts to solve Europe's
manifold problems.
The period since the convenlns
OF. the congress on April 10 has
been one of disappointment in
many ways for Lloyd George and
other supporters of the conference
who hoped when they came here
to find that the, Soviet govern
ment had altered it's economic
policy Efficiently. to make possible
an agreement for the reconstruc-
:tion Of Russia which would meet
with the approval: OF France and
the United States.
Lloyd George went to the pal
ace today full OF optimism for the
outcome of the meeting today He
cannot announce a ten year truce
for Europe. as had been hoped
but there is the eight months non.
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