The daily banner. (Cambridge, Md.) 1897-2008, 1922-05-20
GENOA FARLEY
FINALLY ENDS
Lloyd George Calls Conference
Peace Landmark.
GATHERED FINE CROPS
British Prime Minister Advises Rus
STA to Abandon Doctrine of Repudi-
alton of Debts if 1t Wishes to Bor-
row Money.

row money.
Genoa. NaN on-'Ehe economic CON
ference. one of The greatest poiliicai
gatherings in Europe> history. which
brought here The representatives OF
thirty-fOur nations, adjourned after six
weeks of momenrOn> dcliberalion It's
lahorS will he begun anew at The
Hague on June L..
The conference adopted ;..e report
of The economic commission. which
contains constructive "Hromnrn'ia-
tionS for The economic rrnr@anizali ION
Of Europe: adopted HE arrangements
fear Tile conference al the Hague. and
pracla ined Prime Minister Lilo! q
Georges famous aggre>>inn pact.
which though pruNi>:ol.rl in lis nature.
il i !iu,,rd To follow with Il pcrman-
enl i.nr"'r;n peace I',:'r.
The kcNnuie ot all The remarks al
Vie fina! ,cS>:.rn was "n4 nf friendship
and o. :rn">t desire Ia help RUSSIA,
bur tir Lloyd George i"inled "ul /"
HE Russian soviet representatives !he
uni"rt innate effect the" famous menn-
randuin Had had on ,hp world and
warned them rhaI if they wished for
success at The Hague they had heiter
abandon their eloquent presentation of
the doctrine of Reputation of debts.
'Such Il course is unwi>e when one
wants 10 borrow money" the British
Urine minister remark I'll.
Y. Chitcherin protested against thr
exclusion Of the Russians from the la
Dor committee. He said The real cause
of the failure /" obtain 4 settlement
Of Tie Russian question was Ihat the
footing Of equality between Russia and
tie other powers had nor been main
tanned. He ais" protested against The
economic report. saving The attitude
toward labor was narrow.
Mr.. Lloyd George in his Naledicto-
ry speech said the conference hati
gathered fine crops" and called it
The Hr.t remarkable conference in
the history of the world" He said ii
will forever be an inspiring landmarl;
in the pathway Of peace"
He declared The Russian tornado
had not. uprooled the basic laws of
HE worlds business and liar while
Europe was anxious 10 help Russia.
the latter must accept Europe's cen
turie>-od code Of honor--;he payment
of debts. He warned Russia thai Eu-
rope is filling up The gap left by Rus
sia-s decline
NJ. thitcherin. rc>pOndin. to Mr.
Lloyd Georges remarks regarding the
Russian memorandum. and rhe appeal
to the Russians to modify their eco
homie views, said: Even Mr.. Lloyd
Georges brilliant eioquence cannot
convert the Russian people, who have
other preiudices For instance, if
ones neighbor burns down ones house.
he should pa for the damage. The
Russians. however. will continue their
efforts for peace"
The economic commissions report
urged organized and co-Ordnated eff
forts for the distribution of the worlds
labor 10 improve the present Industrial
conditions. AS many of the unenploy-
ed as possible. ii was stated. should
be diverted TO agricultural pursuits,
and useful public works should he de-
seloped 10 provide employment for
others. The report recommended that
all The narious ratity the convention
relating 10 unemployment adopted by
the International labor conference in
Washington
DR.. Walter Rathenau. discussing the
report, declared 1t would be impossible
TO reconstruct Europe without the aid
of The United States.
Foreign Minister Schanzer submit
ted the project for The Hague meet
ing and the text of the aggression
agreement. The torch of his confer
ence musr not be ex,inguished," he de-
clared. Genoa passes il on 10 The
Hag que"
The nations I, presented, except Ger
many, We're called upon 10 accept the
truce, and the heads Of the delegations
announced their approval. Several na-
tions accepted with reservations. eS-
pecially rhe states on the Russian bor-
ber.