The Washington herald., 1922-01-26
FAVORS PACTS
TO END STRIFE.
ON CONTINENT
Italian Statesman Lays
Down Basis of Genoa
Farley.
WILL ASK RUSSIA
FOR GUARANTEES"
Intimates u. S. Aid is
Needed to Remedy
Economic Ills.

ONDO4Ns Jan. zo.-fOr Ine uTSI
time since Lloyd George presented
his plan for the hoIdingfof of a gen.
eral European conference at Genoa,
to discuss means of restoring finan-
cial equilibrium on the continent, a
detailed outline of the program the
allies intend to pursue at that con-
ference has been given by one Of
the leaders of the European politi-
cal group fostering the movement
Francisco Giannini. head of the
italian conference mission now in
London, and collaborating with the
British government in the Official
preparations for the conference. in
an interview has shown the lines
upon which the allied statesmen
plan to work.
Giannini lays down as the basis
of European econSmic' restoration
the establishment 81 peace through
out the continent. Therefore. he
suggested. one of the first efforts
at Genoa probably will be the
drafting of a series of peace trea-
ties or guarantees" between the
various conflicting groups.
Aim to Preserve Integrity.
Russia and the boundary states.
for example. under the Genoa plan
will be asked to agree to respect
each others integrity. and the Bal.
kan states will be requested to sign
similar treaties
There will be another pact re-
Earding Western Europe. similar
to the agreement now being nego-
n
Belgium.
The Genoa idea had its first
origin in the Washington confer
ence." Giannini declared Second
", it was an outgrowth of Europe's
financial and economic crisis. Wash
inEton afforded the first great eN-'
ample of how it was possible to
establish peace in one part of tho
world-the Pacific. Now we must
turn to Europe.
THE present economic crisiF
proves that the establishment
peace in Europe on a solid basis
cannot longer be postponed ANY
economic Improvement in Europe
depends upon peace. That is why
the first part of the agenda at
Genoa will be purely political.
Seeks Russian Agreement.
AS a means of arriving at Eu-
ropean peace it is suggested thu
pacts or guarantees among the vari-
Gus groups of countries be formu-
lated. A striking example of wha'
We desire is such an agreement be-
tween Russia and her neighborinr
states"
Ry inference. Giannini strongly
urged the participation of America
in the conference.
The industrial crisis" he de-
clared, has shown that every coun-
try is dependent upon every othN
country The Importance of su y
countries as Russia to the world
economic welfare was never so
clearly recognized as when thes'
countries are overcome by economi"
cfaos.
The Genoa conference. therefore
is not European. 1t is international
iust as the Washington conference
was. There is no big American or
European phase Of business
isn't touched by the world situa-
ton"
wide Scope In Agenda.
Giannini pointed that the agenda
thus far is meaEer because every
government represented could IN
troduce under the various general
items mentioned in agenda thosa
concrete questions affecting them
peculiarly"
The Italian statesman emphasized
the liberal step taken by the west
ern nations of Europe in inviting
Russia and their former enemies
to the conference.
1T was a great effort" he said.
Nobody can go back now. Nobody
can slow down the progress rep
resented by the Genoa gathering,
with the success that it promises"
Giannini's declaration concerning
the various general items men,
toned in the agenda" is taken in
some quarters to mean that any
financial or economic question any
of the participants desires TO m
ject into the discussion may come
before the conference. In that event
the Genoa meeting would lend it,
self. in spite of denials of other
officials, to the hearing of>the 1ues-
tion of inter-allied debts and Eu-
ropean debts to the United States,
which. il is understood. the Ameri-
can government does not care to
discuss.