Every evening, Wilmington daily commercial. (Wilmington, Del.) 1878-1928, 1922-12-16

nection with the efforts of this gov
eminent to help straighten out the
European tangle.
1t h being said that an appeal has
been or will he made 10 Woodrow Will
son TO Use his great influence with
Democratic Senators and Representa-
tives TO stand by President Harding,
IL he sees a way to be of help which
will require some Congressional sane
ton. The story along this line could
not be confirmed through Democratic
Senators. although some Of them ad-
mitted that the report might not be
without foundation.
To Find what Germany Can Pay.
In Informed quarters the impress
sion was gathered that the main diff
ficulty which confronted those con-
cerned in the adjustment OF the Euro
pean situation through an interna-
tionSl loan 10 Germany is found in
getting the German government to
indicate the amount OF PREPARATIONS that
country is able 10 pay. The United
States Government. IL IL said, is
sounding Germany in tina, direction.
but so far there has been no definite
a1wer from Berlin.
The German hesitation appears 10
be based on the fear that IL she fixes
the amount she can pay To the Allies
France will insist that this IL a mini
mum amount and should be increased
In approaching Germany on the mat
ter the United States liz following a
consistent attitude. for after the
Harding Administration began the
German Government was informed
in response to overtures made 10
Washington, that the United States
held that Germany was pledged to pay
repara,ions to the limit of her ability
What this limit is the Washington
Government appears to be trying "a
ascertain.
Germany is anxious. that an inter
national loan shall provide not onl,
enough to meet the PREPARATIONS pay.
ments but also enough TO stabilize tn,
mark. The Reichsbank has about ! =.
oo0,o0o000 gold marks in it's reserve
or a value of about $3.50. 900 600. Il
would be urwise from the German
point OF view to use this entire amour
for sterilization purposes. but Their,
seems 10 be n willingness on the par
OF Germany TO apply half. The paper
mark is now down TO about 5000 {,
the dollar. IL is figured that Il $3.50,
100000, half obtained from the Reichs
bank and the rest through al
international loan. were applied 10 tn,
purpose. the value OF the mark coul,
be stabilized at about 1000 TO the dol
lar.
Some Of the things which came I,
light today dovetailed with the visit o
j. II. Morgan 20 Secretary Hughes o,
"Wednesday. Mr.. Morgan has Just re
turned from an extensive tour o
Europe.
Allied Debts TO Us Matter Apart.
l.. The understanding is that the gov
eminent has not REACHED any conclu
sion as 10 the full part Il will play Il
; The intensive effort that Is being mad
10 save Europe from Threatened de
mora!ization. for that is regarded n
the trend OF existing DEVELOPMENT,
mat representations have been mad
= by the United States in behalf OF IN
European nations chiefly concerned
seem certain. hut there Is nothing We
TO show that the proposal Of an inter
national loan 10 Germany has receive
official cognizancc from the Hardin
: Administration. The exchanges sal
70 be taking place are supposed 10 b
INFORMAL. II Is not intended that mi
loan shall be a government AFFAIR hu
shall be financed by bankers of severa
, countries. including the CnlteA State,
, what is taking place in the inter
/. national situation. as far as II in
wolves the United States. has no con
necton with the allied war debts :
his country. That phase OF inter
= national finance is apart from m
effort 20 effect a PREPARATIONS settle
ment which Will give Germany
chance 20 progress and relieve Enron
OF the tension OF constant threatenin
: gestures by France. based on &c,
many's failure 20 indemnify her vi,
= torious enemies.
The Administration canno. and N
: Congress Will not consent 10 doh, car
collation. or even modification. W.
: me way a Senator visualized the de,
;. situation today. His view is in a,
cord with the general understandin
: here.