The New York herald., 1922-01-15
ECONOMIC PARLEY
OR WAR IN EAST
Berlin Sees Genoa Farley
as Only Alternative of
European Conflict.
NO ALARM AT FRANCE
English Influence Counted
On to Prevent Occupa-
tion of the Ruhr.
RUSSIA DOMINANT ISSUE
America Expected to Support
Lloyd Georges Plan Of
Reconstruction.
RUSSIA DOMINANT ISSUE

Spee'oI Ccefc 20 THE NEw YORK HERALD.
Copyright, 1889, bv THE New YORK HERALD.
New York Herald Bureau.
Berlin. Jan. IL.
war in Eastern Europe this year Is
tho alternative to successful economic
conference In Genoa, according to opin-
ion in circles here which are in close
touch with Russian developments. In
these circle. more concern is expressed
oyer what effect the political victory by
Raymond Poincare in Paris will have OIL
Russian affairs than on German.
Tho influence upon Germany OF a
more vigorous policy in Paris is re-
Sarded as ultimate rather than iurne-
date. So long as France Is not isolated
Engiand's influence is expected to de-
feat occupation OF the Ruhr region or
steps aimed at reducing Germanys
productive power.
Only II M. Poincare prefers temper
ary isolation and defes English desires
Is any considerable harm anticipated.
This attitude explains the failure of
SPECTATORS on the Berlin Boerse 70 cause
a panic this week and also accounts for
the steady nerves which are found in
political circles here.
Look to America.
The Germans believe that Russia has
become the dominant issue In Europe,
and they win watch the developments
next week with greatest attention. II
Is expected here that America will be
ready to support the reconstruction plan
OF the British Prime Minister, Mr..
Lloyd George. The American appro-
prlation Of s20,ooo.o00 for Russian re-
lief is felt here to be on indication that
President Harding Is getting ready TO
trade with Russia, and many reports
. are current here that the Morgan and
the Kuhn-Loeb. 'terests are competing
with each othe:. FER the German field
preparatory to an economic invasion OF
Russia.
Also II Is assumed here that America
is opposed TO intervention by any OF
the allied Powers in Germany. But II
NJ. Poincare decides TO play lone hand
Intervention under French Inspiration ID
thought highly probable. 80
Respect Poincare's Ability.
German political observers have re-
W.
guesses about the life Of his Ministry
vary from six months to a year. They
all give him time enough TO carry out
his policies. 1t is held that he will not
shrink from isolating France IL he feels
confident he can maintain France for
a time and win such concrete results rs
the destruction of German trade or q
division of the German Empire.
The most common attitude In Berlin
10 that VI. Poincare's Premiership IS
essential to the ultimate pacification OF
Europe. One German leader went so
far as TO hall his appointment by
President Millerand as assuring the
rebirth OF Europe.
France never will thoroughly trust
Germany or permit Russia to be rebuilt
until precisely Poincare himself has
failed to enforce the Versailles treaty.
this German leader declared. "Once his
failure is proved France will soon join
the other nations on sounder economic
premises. The only question IS how
much the experiment will COST
BERLIN. Jan. II (Associated Press) -
The Berlin press to-day expressed gen.
eral relief at the provisional delay In
German reparat!ons payments accorded
by the Cannes meeting OF the allied Su-
prone Council. Vorpaerts says Il Gre
ates an important precedent.
The LokoI-An=ei0cr emphasizes the
advantage to Germany by the fact that
she can submit her own plan OF reforms
and guarantees to the Entente instead
OF having them dictated to her.
The Aiioeme'ne zeugno figures tina,
Germany gets breathing space until
February 81. and says IL Is an impor-
tant recognition that Germany has not
fallen into arrears and that there Is no
delinquency on her part that would
justify compulsion.