The Washington herald., 1922-04-06
U. S. TO DEMAND
SHARE, If RUSSIA
PAYS HER DEBTS
Will Not Allow Allies to
Ignore America in Such
Plans\at Genoa.
CLAIMS $31O,OOO,O 900
Government Will Keep Close
Watch on Developments
Of Farley in Italy.

II any plans are worked out by
the allies at the Genoa conference
for funding of the Russian external
debt. the United States expects to
participate in them on an equal
footing with the other powers.
That the United States would in
sist upon such participation was
disclosed in an official quarter here
yesterday. Notwithstanding :he
fact that this government & not
officially represented at the Genoa
conference it was stated. no ar
rangement for relieving the cred
itors of Russia can be effected at
the conference which deliberately
excludes the interests Of the United
States.
Child to Re At Genoa
Although the administration Is
not particularly optimistic over the
prospect Of receiving immediate
payments on the Russian debt,
felt, as in the case of the American
claims for reimbursement OF the
army of occupation costs, that thia
government cannot permit tte al
lies to disregard legitimate obli-
cations held by the United States
in whatever plans they may under
take to enforce payment OF their
own claims.
This government is to keep close
watch of the Genoa developments.
No special observer has been sent.
but Richard washburn Child, Amer
ican ambassador to Italy. will be
on the ground at the outset. He
has received very definite instruc-
tions, it is understood, to keep
washington informed of all EFFORTS
of the allied ministers for European
rejuvenation and these instructions
are said to be particularly definite
with respect to all that concerns
allied Indebtedness to the United
States.
s3IO,OO0, 900 Due in America.
THE United States will be paid
by Russia just as soon as any OF
the European governments are
paid" was the declaration of an ad-
ministration official who discussed
the subject yesterday.
The claim of this government
against Russia is a very definite and
unmistakable obligation. 1t was as
SeTIeu. anu I1uAOptoi
cannot afford to ignore the United
states in any plans for Russian re-
construction that may be feasible.
Proposed schemes for exploitation
of Russia, il was explained, would
be vigorously opposed by this gov
ernment. 1t so regards schemes
suggested under the leadership of
Hugo SHINES which are held to be
measures involving special provi-
sions for Germany. both political
and economic
Due from Russia to both the
United States Government and
American banking interests is ap-
proximately s310.ooo.0oo-
Private Interests Hit.
Private banking interests also are
holding the bag" to the extent OF
approximately SS6,000,0OO. ]. p.
Morgan and Company and the Ma
tional City Bank of New York ex-
tended credits of S50.00o.000 and
s25. 100000 on two separate occa-
sions, while the National City Bank
individually granted an additional
loan of S11,000,00O. Interest on this
amount likewise must be taken into
consideration.
In addition American private con-
Germs have considerable interests in
Russia. all Of which will be the sub
ject of claims in case the present
Russian Government gets to a point
where il can resume relations with
the world on a legitimate basis.
Among these are the International
Harvester Company, the singer
Sewing Machine Company, the Ma
tional City Bank of New York and
the WESTINGHOUSE Electric Com
pany. The property of these corpo-
rations has for the most part been
taken over by the Soviet authorities
and there has been no remuneration
whatsoever to the American inter-
ests.