The New York herald., 1922-05-30
liant ANGLO-FRENCH.
(EACE GUARANTEE
FORAGERMAN LOAN
forld Bankers Insist Sta
Utilization of Europe Must
Precede Flotation.
DORSEMENT NEEDED
ermany's Promise to Pay
Not Sufficiently
Attract Investors.
ORGAN URGES PLEDGE
is and London Resume Ne
Eotiations to Formulate an
Understanding.
ORGAN URGES PLEDGE

New York Herald Bureau.
Paris, May 90.
pf immeasurably greater Importance
n merely finding $1,000.000, 900
oughout the world for stabilizing
-many's financial condition and en-
ling her to meet reparations obliga-
as during the moratorium period is
real task being undertaken by j.
Morgan and the other bankers now
vened here under the auspices OF
Reparations Commission. The sue
IS Of the efforts of these interna-
al financiers depends wholly upon
restoration of American conf
bee in Europe, by removing the
stacles in the way OF the closest
t of Franco-British entente, which,
is already realized. is the greatest
tor in the rehabilitation of Europe.
a an interview granted THE New
X HERALD correspondent this after
p one of the highest reparations
critics, conversant with every
iase of the preliminary conversations
the bankers meeting, declared:
NITnless the Franco British entente
be made so effective that it's influ-
E will be appreciated by investors
he United States and neutral coun-
S the project of an international
b might just as well be dropped,
Morgan, Vissering and their col
cues pack their baggage and re-
h home without wasting time, for
hout France and Great Britain
king harmoniously at every point
will be impossible to float any kind
loan destined to rebuild Europe.
r ,nco-British Guarantee.
Tho same authority added that h.
bted whether more than an incon-
rable sum could be obtained in the
tel States merely on Germany
nse to pay; whereas II that pledge
e indorsed by the Franco-British En-
Q there was much hope for sue
full flotation. 1t is understood hat
Mr.. Morgan and Mr.. Vissering TIL.
ch banker. stressed this argument inn
ssively before the committee, Wit.
result that the French Government
downing Street are Immediately re-
& active negotiations toward the
lation of a Franco-Brit.sh under
ing, believing that as Berlin has
pted the moratorium conditions It
l. of1 20 ,,,f he
er working basis than has been pos
since the peace treaty was signed.
unfortunately" said THE NEW YORK
AIDS informant, some writer's per-
I'm trying to make the United States
I've that France and England are
luently on the point OF war. or al
i that temporary coldness during
greement on minor issues prefaces
e serious diplomatic ruptures. We
convinced that this is not true, and
France and England are ready to
k together for Europe's benefit as
as their own. Mr.. Morgan and his
Pciates. however, are hampered ir
y efforts TO find an international
[incial formula until the public can
assured officially by definit.
ntente agreement that there is n,
nger to be pickering. influenced by in
rior political interests, whenever in
ynificant differences of opinion seem
mar the European horizon.
'In insisting that the stage be cleared
r real European collaboration by
oviding clearer Franco British un-
standing as its basis the American
kers here have emphasized the at
le taken ny the biggest New York
ling and bond houses.
ist Have Harmony for Loan.
conversations on both s.des OF the
ptic. official and otherwise, they
shown clearly that there Is not the
test chance OF getting a $1,000. .000,-
Yloan for Germany alone, notwith-
ding the loudly professeI sympathy
he midwestern States, for Germany's
ht
But they are willing and ready g.
kverything possible for Europe's well
IL they believe the money they in
will carry with IL the prospect that
nce and England will maintain the
\prochement which developed during
war. and which, despite the calamity
ers. the Preparations Commission
been assured, lalks only finishing
Ehes to make II the harbnger OF
hre European peace"
n we'll informed quarters to-day t.
! asserted that Mr.. visserlng's visit
Berlin was made imperative by the
|covery OF the attitude OF American
)kers. The Reparations Commission
ieves that much OF the occasional dis
on both sides OF the Channel has
lauscd by the fact that n e Ger
Ian frequently has been TO seek an
Anglo-German entente to counter
ench claims, and II Is realized
Ter such conditions the loan idea
? chance OF success. Mr.. Wiser
expected to impress on German
L, ans the necessity of placing al
is face upward on tho table IL they
ly want the neutrals. as well as the
ted States, TO release their gold re-
e for the benefit OF Europe
entricai and Hotel and Restaurants.
rffsfnc will be found on Pare a. d..