New-York tribune., 1922-04-24
New All-'Esound
Deal Expected
lnl)el,t L l.tldine
c
British Settlement Expect
ed TO Silence Political
Agitaiors and Let L. s.
Apply Business Sense
Generous Terms Likely
Presidents Advisers Hope
Economic Pressure VIII
Reduce E1rope's Armies
By Carter Field

WASHINGTON. April 28-Fund;ng
Of tho British debt to the United
States, to be followed by new deal
all around on the whole foreign debt
situation, is the expectancy Of soma
OF the Presidents closest advisers. it
was learned here to-day.
This funding of the British debt. it
is believed, viii remove most Of the
political difficulties which have so
hampercd all efforts TO bring about a
solution, With the elimination Of anti
British sentiment from all cousidera-
tion of the question, it is thought the
Administration, Congress and the Debt
Commission will be free to study the
case coldly and with no thought but
to do the wisest and sanest thing.
Incidentally, new legislation will be
asked of Congress so as to permit
debt commission with some real power.
The view Of the Administration is that
all the present one can do, boxed up
as it is by the enabling act recently
passed by Congress, is to make an in
yestigetion and report
Feared Nilification
The Administration Is known TO be
lieVe that a considerable factor in
bringing about all these restrictions
imposed by Congress was fear by
considerable number of Senators and
members of the House Of anti British
sentiment in their states and districts
and the certainty that if they voted
Cor bill which could possibly be con-
!
some Of the newspapers would resort
to viliflcation, regardless Of the eco
nomic intelligence Of the bill.
The present debt commission, con-
ssting of Secretaries Mellon, Hughes
aud hoover, Senator Smoot and Repre-
sentative Burton, shortly will get in
touch with representa- tives Of the va
rious European governments which
owe this country money. All that is
actually expected OF it, however, is TO
get general idea, so far SIS the coun-
tries other than England are con-
cerned, and then TO make report
Generous Position Likely
Meanwhile the arrangements with
the British government about their
debt Will be completed. after which new
Legislation granting real power will be
asked of Congress.
lHciC - "I ltaNl ING p OUdDlllly, once
the vexatious political element involved
in the British debt is got out of the
way, that this government may be very
generous in the matter Of debts to it,
especially in the case Of France and
belgium. There is a strong element
among the Presidents advisers, how
ever, who are anxious that when the
negotiations over this start this eoun-
! try should not neglect this oportunity
to put pressure on the countries in
volved with view to getting them 70
cooperate in the efforts TO bring back
economic normalcy.
Some of those close to MIR. Harding
think that this opportunity would be
used to force the cutting down of the
huge standing armies still being main
/ tanned in Europe. There is no ques-
ton, however, that hopes for this have
faded considerably since France dem
onstrated again at Genoa that her face
is strongly set against any reduction of
her army, even if done in conjunction
with all the other nations Of Europe.
There is a growing feeling in Ad-
ministration circles that France will
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