Evening journal., 1922-12-15
EUROPE MAY
GET ECONOMIC
AID FROM i. S.
CONTINUED Ffom PAGE One.)


Harvey's visit is regarded as the
climax of the long discussions of
this government with its Ambassa-
doris abroad in an effort 10 find a
way TO aid Europe. Confronted with
almost frantic appeals from the
European powers to Intervene and
with a strong demand in this coun-
try for some action. the L. S. is
nearing its decision.
Regarding reports that a loan Of
s1,50o.0O0,O00 to Germany was un-
der contemplation it was otficilly
stated today that a government loan
is out of the question. J. 2. Nor
gan and other big International
bankers have informed this govern
ment that they are ready to extend
loans 20 Europe only after a settle
ment OF the repart.ons question as
sures economic progress in the old
world. A big loan under present con-
ditions is impossible, Morgan is said
TO have told this government.
Talk OF a big loan TO Germany by
private interests, Andrew Bonar
Laws dark picture OF the European
situation and his statement that
Great Britain cannot pay the debt
10 the United States until she re-
ceives money from Germany and
other debtors. the threatened in
vasion OF the rich Ruhr Valley by
France. the coming OF the British
debt commission 10 discuss refund
ing OF the war debt-Clemeneeau
.food f,r To- t1,a. o.v-t-.- ., ,ot,,-r
10 Europe-all these have served 10
bring the situation to a climax
That Harvey's return to Wash
ington involves the highest possible
questions of this governments
foreign policy was plainly indicated
by the fact that the instructions from
his trip to Washington did not pass
through the routine channels OF the
State Department and officials gem
orally had no knowledge OF his COM
ing. The orders came directly from
President Harding and Secretary
Hughes.
Hughes today would not comment /
on the purposes OF the American |
Ambassadors return to Washington. |
Within the last few days. the /
British and German Ambassadors
have laid before Secretary OF State |
the situation involved in
the conference OF Premiers and
Germany's close proximity to a
complete collapse. made more Sc
rious by the French threat 10 in
wade the Ruhr.
Just exactly what the details are
Of the action that seems imminent
from this country cannot be reveal
I'd at the present time. Diplomatic
quarters here that are ordinarily
closely informed on all important
developments believe that an econo-
mic conference in washingto is a
Whether this expected
action will be purely a governmental
measure or will involve some ges-
ture from private interests in the |
United States has not been learned /
as yet. II may be the calling OF an
economic conferences In Washington,
L may be announcement of the con-
ditions under which American bank
FRS will advance a loan TO Germany,
t may be participation OF the Unit
ID States in the conference OF Pre-
niers TO reassemble in Paris Jan
lary 2, the laying Of a plan OF ac-
ion before this meeting by Wash
ngton, or some other form of world
gesture showing how seriously the
United States regards the need for
a settlement Of the European prob
lem.
Whatever comes, however these
will be the policies that will form
the basis for action by the United
States:
/. The Germad reparations prob
lem must be settled. and settled i'm
mediately for this is the root Of the
trouble in Europe today.
2. Germany must be made TO pay
TO the utmost Of her ability, but the
Indemnity figure must not be fixed
beyond her capacity to pay and the
present reparations sum that Ger
many has been ordered to pay 1872
OOO,OOO,OOO gold marks or more than
30 ,O00,0O0,000 American gold marks
lis too much.
Drastic actions OF coercion.
such as march by the French army
INTO the Ruhr Valley would only de-
feat their own purposes, retard re-
and throw Europe again
INTO a turmoil.
4. While the present reparations
igure must be reduced TO a point
consistent with Germany's capacity
o pay, the figure also must be deA-
litely fixed before Germany can re-
urn to work and help offered such
Is in the form Of an international
oan.
O. Accompanying a definite settle
nent OF the German Preparations
problem, there must be a willingness
IN the part Of the European nations
mostly concerned to reduce their
Lrmies.
LONDON, Dec. 15.-CUnitea
'ress) Ambassador Harvey re-
urns to washington. Dec. % 10
idVise and confer with President
aarding regarding American inter-
'ention in Europe.
This was the understanding in
london today following Harvey's
announcement that he had been
allied to Washington.
The American Ambassador will
all on the Berengaria a week from