Democratic messenger. [volume] (Snow Hill, Md.) 1869-1973, 1922-05-13
TERMS FROWNED
UPON BY RUSSIANS
Absence of Recognition and
Government Loan Resented
FRANCE IS WITH BELGIUM
Finances Taken Up-AlI Leaders Ex-
press Satisfaction At Plenary
Session OF Genoa Con-
ference.

Genoa.-The Russians are mot de-
lighted" with the project of the Pow
ers for the reconstruction of Russia.
Such is the brief summary emanating
from Soviet sources of the Bolshevik
views on the memorandum on which
Europes statesmen have worked so
laboriously
The fact that the document does not
mention recognition of the Soviet Gov.
eminent and ignores the suggestion OF
governmental loans is saidto displease
the Communist leaders. who are now
comforting with Moscow
Belgium has not signed the memo
randum and word was received here
that France had determined 10 stand
by Belgium, but as yet there is no off.
cial announcement in Genoa OF
Frances action. II is believed that
the conversations between Premier
Poincare and NJ. Barthou. however.
will have an importan; general effect
on the Conference.
All the leaders expressed satisfac-
ton. believing that II embodied the in
auguration of far-reaching efforts to
improve the finances OF Europe. The
financial code at Genoa has been writ.
ten. declared Sir Laming Worthington-
Evans, chairman of the Financial Com
mission and he believed il would
prove as important as the historic JUS
tinian Civil code. the basis OF world
Jurisprudence.
The essential points are limitation
OF the issue OF paper money. fixing
parity with gold. economizing in the
use OF gold and coordination OF gold.
The United States. said the chairman.
with almost half the worlds gold could
join In the future study OF the prob
lens without involving itself in polit.
ical difficulties and could help Europe
as well as herself
The other speakers at the session
were Signor Schanzer, OF Italy. NJ.
Schulthess. OF Switzerland. NJ. Picard.
of France: NJ. Tchitcherin. OF Russia.
and DR. Rathenau. OF Germany. NJ
Tchitcherin alluded to the rights OF
communism and declared that II
was impossible for the Russian Gov.
eminent 10 renounce its control over
exchange operations. despite the fact
that the financial report characterized
this control as mischievous.
The financial report like the memo.
randum of the Powers to the Russians.
emphasizes that assistance ia disnr-
ganized countries should take the form
of private. not governmental credits
NJ. Tchitcherin insisted on Government
loans. and in this indorsed the views
ot NJ Rakovsky. who had publicly de.
clared that the Soviet as the Russian
Government expected q loan from the
Powers.
In conclusion NJ Tchitcherin voiced
the conviction that II was only BY eco.
nomic collaboration OF two worlds
whose policy is ha ed on different eco.
omic systems that mankind could
move towards reconstruction and
/ peace.
Dr.. Rathenau declared that from the
/ Genoa Conference I've world not only
expected tseees and theories. but
/ hoped that the representatives. Of the
/ great nations would give evidence OF
energetic efiicacious and immediate co.
operation with resaect to economic
and social needs Of great urgency. He
voiced warning that 10.000 600 PEG.
/ 7ie were without work and something
must be done for them