Evening star., 1922-07-01
International Loan Deferred,
Hague Conference May Re-
move Obstacles.

With the opening Of the conference
try seem disposed to hold post
mortem on the recent bankers meet
ing in Taris For the most part they
seem convinced that the plan for an
international loan to stabilize ex-
change, which fell through because
the financiers could not reach an
agreement on suggestions for neces-
sary security. merely has been de-
ferred, and not killed. With the views
of the bankers known to the world,
it is believed that new negotiations
to meet their views will be part of
the conference now in progress at
The Hague.
many to help the world in general.
the Indianapolis News believes. but
it is not willing to give money to
Germany for Germanys advantage
alone. If Germany is helped it should
be helped into a condition where II
can pay it's debts. Again 1t comes
The various conflicting positions
and claims make it impossible for
the United States to loan money to
Germany, in the opinion of the Mo-
bile Register, which insists that. in
order to prepare even groundWork
for such a move. the allies owe it to
themselves to make their financial
program more definite and Germany
owes it to herself to revise her cur
rency and render her assets more
orderly" Americans as people,
while not concerned officially in the
Do q r
willing, the Terre Haute Star be-
lieves, to give assistance to the ex-
tent that helpfulness is justified. Eu-
rope knows exactly what is our
proposition in regard to a loan. and 1t
is sound one. They can take 1T or
leave it"
Tf Germany expects to receive
substantial aid and to climb back
into the international band wagon"
the Cincinnati Enquirer is convinced,
"she must come clean with repara-
tions and do some vigorous financial
housecleaning at home" The atti-
tude of the French government
toward the loan, however. is re-
sponsible for it's failure, the Canton
News points out, as banking is
strictly business proposition" and
the bankers would like to improve
security for a loan to Germany by
getting some relief from the mort
treaty. The French government stands
in the way of this desire of the
bankers" A similar view is enter
tanned by the Winnepeg Tribune.
which suggests that 'it Is just upon
the point of the translation OF the
sphere to the realm of finance, that
the proposition for foreign loan
has failed for the time being, and
again it is france that blocks the
way to her own loss and the con-
tinued distraction Of Europe" 70
European nations must make 91n-
cessions, the Oakland Tribune be-
lieves, pointing out that ut Is plain
that the allied nations do not view
floating of the proposed loan as I'M
portant as their political interests
tions. That being the case. we should
feel no regret that the loan prooect
has been dropped. When the severai
nations involved are willing 70 yielo
a little here and there IN their po-
litical aspirations in order TO solve
economic and financial quesslons' 'no .be ~
will be time to talk OF a loan tne
major part of which must De noateo
in the United States.
Evidence seems to be increasing,
| In the opinion OF the Salt Lake Clty
Desert News, that the nations OF OF
l the WOIlQ NAI6 lOSth6 Inc ~
natience. The world is struggling to
put OF crises in the hope that the
future viii reveal some opportunity
to evade them." And the preyailing
| American attitude. the Manchester
Union says, is mot one expressive
Of eagerness to intrude, to dictate,
| to force ourselves upon Europe, but
one OF willingness to assist II, ano
when, assistance is asked and Is
practically possible" But the Cleye.
land Plain Dealer is convinced tnat
"the certainty that there will be no
loan is discouraging. 1t now seems
to be up to Germany to devise her
own means Of payment. France be-
lieves that what 10 most lacking II
q German inclination to pay.
That . loan eventually VIII be
devised with all OF the European
powers agreeing to conditions ts the
conviction Of the Worcester Tele-
gram. which points out that j.
], Morgan has anncrnced his WI Ting
I ness to resume n .c1tiaticnS and ads