Evening journal., 1922-12-16
j. 5. MAY BE
LENIENT AS To
WAR DEBTS
tContinued Ffom Page ons.)

| 1Conunued From rage Ono.)
ence with Ambassador George Har-
vey the President will seek the ad.
vice OF leading Senators including tn,
irreconcilables who fought the, va
rious efforts OF the administration to
bring about a settlement.
Not since the dramatic days that
developed the great disarmament
conference here. has Washington
been so tensed 10 an anticipated
move by the government. 1t is be-
lieved that the present contemplated
action may even surpass the disarm-
sment conference in world import
ance.
The impression continued to pre-
vail in official circles that another
international conference would be
called but II was believed a final
decision would not be reached un-
I'll after the consultations here with
Harvey about January l.
The coming move by the United
States In effect calls for a shown
down in Europe. 1t will require an
answer from the European nations
concerned whether thsy are ready
in a broad way to approach eolu-
tlon OF the world problem that has
developed abroad consistent with In
ternational peace and reconstruc-
ton; or whether they prefer 10 oon-
tlnue on the road that is dragging
Europe into a PIT Of disaster
Three great weapons that the
United States has 20 aid II in bring
ing about a settlement OF the Euro
pean crisis were seen here today by
observers:
1. The readiness OF American
bankers TO float loan for Germany
up 10 any figure necessary-estimat-
ed from $780, 600 to $4,000, 100000
to enable that country 20 get back
on her feet. provided an agreement
Is reached on reparations and
France absndons such policies as
those calling for seizure OF tho
Ruhr Valley,
2. More len!ency in the collection /
1f the Allied war debt Of $1,000 /
700, 900 to this country. including re-
iuctions in Interest rates. provisions
'or reloaning TO debtor nations and
extension OF the present
period OF 20 years for payment Of the
principal.
3. The m moral influence Of the
United States throughout the world
which President Harding has indi-
,sted he believes Is one of the great
st factors in the situation.
However, in any economic confer
nee in Washington or IN whatever
move Is made in the U. s. those
hree things will be offered on the
PROVISION that the European nations
eclprocate in the following way:
Finally settle the German repa-
ations problem. the root of the
rOuble in Europe. Reduce the pres
mt reparations figure Of more than
80, 900, 900. .000-regarded in the
rnited States as imposslble-and
definitely fix the repsrstions at a
'olnt consistent with Germany's ca
'scity to pay.
Give assurances that France will
Tot occupy the Ruhr Valley. or take
'ther such drastic steps OF coercion
hat would again bring turmoil in
Europe and tend to PROSTATE Ger
many permanently.
Frances fear OF Germany has
gain >rought into discussion here
he possibility of an agreement in
urope modelled after the four power
'aclhc treaty. Such an European
act for non-aggression including for
lstance, Great Britain. France, Ger
lany and Italy. might give France
he necessary guarantees against q
lture attack from Germany and
How her to relent in her present
olicies of repression against the
liter country. More may be heard
{ this idea in the negotiations to
ONE, although 1t Is not certain
neither the United States would
ecessarily be a party TO an agree I
rent OF that character. e