New Britain herald., 1922-04-22
Chancellor Wirth Says Genoa Is Step In Right Direction But U. s. Is Needed For Success
Conferees Today Begin Ac. tual Work Tending to Give Aid to Russia-No Loans Contemplated.

Genoa, April 22.--Hope that world conference with the United States participating will be held after the Genoa meeting is over. was eX- pressed by the German chancellor last night.
 The Genoa conference itself is a step forward in the reconstruction Of tho world. he said but this could not be completed without the co-opera- ton of the United States
 Help For Russia.
 Actual work on a plan for the re- construction Of Russia was started by experts representing the soviet gov crnment. Great Britain, France. Italy. Japan. Belgium, Czecho- -Slovakia and Holland.
 The heated policies surrounding the Russian problems has been cooled by M. Tchitchern's not accepting in the main the allied formula stating the terms on which the great powers are willing to resume business relations with Russia. The question is thus suddenly changed from political to economic as far as the Genoa confcr- cnce is concerned and there seem to be briehtp respects for a successful outcome.
 No Loans Provided
 Sir Edward Grigg. private secre- tary to the British premier. and oth- CTS prominent in the conference. have made it clear that no proposition has been put forward for government loans to Russia, nor government guar anteCS of loans.
 The idea of the financial and eco- monies experts is that when Russia, reaches a position where she can give investors assurance that there will be legal basis for undertakings in Rus sia and that foreigners will have pro- tcctions under proper courts abundant credits will be forthcoming for the de- Nolopment of Russian resources.
 The single important point of differ encc between the Russians and the all lied representatives is the unwilling ness of the former to restore the free hold title of foreigners property which has been nationalized or requis- itioned in Russia, although they are willing to restore it to the former owners for their use
 Case of Factories.
 In tho case of factories this would doubtless be on a concession basis. Factories which have hitherto stood idle because the former owners re- fused to work them unless assured that their title would be restored may be re-opened if the soviet concessions l>,, 
 The International Harvester Go. and many other prominent corporations having factories or mines in Russia, have declined to consider taking con- sessions to operate the properties they stoutly contend are theirs and not owned by the soviet government.
 Tchterin Meets King.
 George Tchiterin. the Russian so- viet foreign minister, gave the Italian socialists and communists a shock to- day by meeting King Victor Elm manuel on the kings visit here and his majesty's invitation to luncheon on board the Italian dread- naught Conte di Cavour.
 French Protest.
 The French delegation to the eco- homie d>nferenCe has submitted protest against the German repl to .he allied note in which the GeY ms stated they would refrain from ais ,ussng Russian questions settled in the Russo -Gerhan treaty. The French that the Germans under their reply may insist upon discussing other Russian questions.