The New York herald., 1922-08-15


vaults, and would not disastrously af-
Mr. Lloyd George refused to accept this.
insisting that Germany must have an
immediate moratorium.
Lloyd George's Plan.
The Mr.. Lloyd Georges plan was put
forward by S!xnor Bchanser. II was In
effect that Great Britain would grant
q moratorium to France and other allied
nations on war debts In return for their
granting a moratorium to Germany II
was proposed to leave the moratorium to
tho Rcpnratlons Commissions decision.
hold conference later In the year, and
enforce the guarantees ALREADY proposed
by the committee Of guarantees Of the
Preparations Commission as accepted by
the German Government. NJ. Poincare
replied that those guarantees were in
sufficient and he could not accept
Here NJ. Poincare added the threat
that IL the conference decided upon a
moratorium he would have to disasso-
ciate France from action by her Allies.
| Then he launched into an encomium or
| the Entente and his own part In advo-
eating a pro-Brtish policy for thirty
Ave years. But he declared it would be
of the entire French people IL they be-
lieved that Great Britain. under these
circumstances, was seeking to impose
her will, and he preferred to state his
mind frankly rather than sign the proto-
col Of an accord which was not real.
Near Open Rupture.
That is as as the Entente came
TO an open rupture to-day. How near 1t
will come tomorrow or the next day
viii be revealed only by developments
in the French Cabinet AN the Repara-
tlons Commission.
One report credits NJ. Poncare with
i the intention Of summoning the Cham
| ber of Deputies. but that is denied in
| quarters close to him. There is no
reason to believe the French Cabinet
! will modify it's attitude. The Repara-
tions Commission remains a mystery.
# Belgium sides with France and the
French president of the commission.
NJ. Dubois. is permitted to make the
casting vote it will mean carrying the
! French program and declaring Ger
many voluntary defaulter. with the
/ probable formal occupation of the
Rbine's left bank and the Ruhr valley.
The breakup to-day showed much
Ango-French personal bitterness. The
French feel that Mr.. Lloyd George. by
| his refusal to accept Signor Schanzer' s
proposal on behalf of M. Poincare, really
was responsible for the termination of
the conference. They feel that he preju-
diced the situation in declaring before
the conference that Germany should
have moratorium and should be elected
to the League of Nations. They feel
that the British Prime Minister shaved
into nothingness every proposal the
French Premier made and offered moth
! ing in return. They feel that while
Britain concurs in the French opinion
that Germany is responsible for her own
bankruptcy, Britain will not go so far
as to aid France in getting Germany
declared voluntary defaulter under the
treaty.
They regard the conference On the
whole as absolutely sterile, as no French
demands were granted, nor was there
any recognition OF the fact that France
was the very cockpit of the war-a sub
ject as necessary TO allied as German
consideration. Hence her devastation
was entitled to priority in any delibera-
tions.
a Funda mental Difference.
Mr. Lloyd George. on the other hand.
Is extremely bitter over the treatment
press. To-day he took occasion to make
a formal issue with the French press
OF its criticism of his Sunday spent at
/ Checquers Court. He declared that he
went into the country with the full
knowledge and consent of the other par
t,cipants in the conference. because of
strong opposition IN England to pressing
public work on Sunday and because he
wanted to give the experts longer time
at their task.
British accounts say that all but VI.
Poincare wanted to accept Mr.. Lloyd
Georges ,ast proposal promising not to
press the Allies for debts while the
| nt ratorium lasted. The Prime Minister
/ feels that Frances lnsistence upon pro-
1 ductive guarantees defeated the real
purpose of the moratorium and that a
fundamental difference remains: France
thinks Germany can pay; England
/ knows she can't.
| Mr.. Lloyd George formally denied
L