The New York herald., 1922-06-04
POINCARE In NOTE
ON HAGUE POLICY
Continued from Preceding Page.

tion says. the certainty that the profits
of their efforts shall be assured them.
1T must not be permitted that after
having recovered his estate the ex-
proprietor be forced at the end of sew
eral months to abandon his exploita-
tion because the conditions under which
he must operate are such that he can
not remain a resident Of Russia. Spe-
cial individual guarantees must be taken
on this subject. they must be precise
also for the welfare of Russia, as she
will benefit more than any other by
the return OF the former owners.
Finally, the Hague commission will
have to study the question of credits.
The restoration of Russia depends very
largely upon the assistance the country
will obtain from foreign capital. the
experts conference in London already
sSvsDR recognized this in declaring that.
without great Transformation in actual
conditions affecting especially commerce
and industry, foreigners would refuse
either to resume their former businesses
or to create new ones. So long as these
conditions have not been modified along
the lines which have been indicated no
collaboration will be possible and no
foreign capital can be invested in
Russia
Investments in Russia.
Investments of new capital in Russia
might be made in various ways once the
necessary guarantees and securities are
obtained:
First. Foreigners who wish to re-
sumo their commerce or industry would
be able to do so at once.
Second. Various countries are said to
be ready 10 lend the necessary capital
to certain Russian organizations for the
purchase of merchandise.
Third. New enterprises may be created
in Russia If they receive capital; notably
those connected with the development of
agriculture.
1T is certain that the restoration of
Russia must commence by the restora-
tion of her agriculture, for while so
great country before the war ex-
ported normally 100000 tons of cereals
yearly. it is now not producing even half
that necessary for its own consumption,
and from this comes not only the Inn
poverishment of the country, but ter
rible famine which is decimating the
population.
THE Genoa Soviet delegation pretend
ed to have plans for the restoration Of
Russia, but it never produced them, and
every time the question of the economic
rehabilitation of Russia approached, the
Soviet delegation replied that it required
oiiy SiCultS IIOfu the States, ana tndt
the remainder was of little Importance.
Therefore 1t is evident that nothing can
be done in Russia so long as the atti-
tude of the Soviet Government, as indi-
Gated in the memorandum of May IL
remains unchanged and as long as that
Government processes to demand credits
only for itself, or practically to disin-
terest itself in the reconstruction Of Rus
sia. the other Powers cannot lake any
Tan tz f,.tA -
who have suffered so. and yet who are
so worthy of attention.
Essential for Russia.
IAN essential condition to the restora-
ton of Russia is the restoration of her
production. This production in cereals,
petrol and raw materials of ali sorts
cannot come but from Russia itself that
is to say, from the labor of the Russian
peasant. The reestablishment of the la
Dor of the land is at the very base of
Russian existence, and nothing can be
done without the Russian peasant. Fur
nish him with agricultural material
the grain of which he lacks as long as
he does not return to work He cannot
begin to work effectively until he is
able to enjoy the product of his estate
ana can find In exchange for his har-
vest the rssgchandise of which he is
now In defa,nt
1T is for the Soviet regime in Rus
sia and this regime only to modify the
present situation along these lines.
Jnese questions were not treated at
Genoa. If they are not treated at The
Hague nothing useful will DE accom-
pisned 1t is Indispensable that for the
various interested countries the exact
economic situation of Russia and the
remedies appropriate for this work must
be largely the work of The Hague com.
mission. Experts, Allied and neutral
must study all documents placed at
their disposal and consult If necessary
RUSSIAN experts In order to make pro-
found study of the Russian situation
They should be able to proceed 70
make Investigations on the scene itself
IN al countries experts are making ia
vestigations of various kinds. instructine
themselves for their own account or on
account OF their citizens II the Pus-
sian Government refuses to lend itself
10 these expert inquiries it remains on
the ground where it has placed itself in
the memorandum of May II and 1t will
be definitely shown that 1t is impossible
to deal with It.
I'm short, the work which is to be ac-
complished at The Hague must incIud
the establishment of general plan. very
clear and very conn ate, of the conditions
which Russia must accept before anv-
thing else. and every one must be in
accord with this plan before II is nre-
sented to the Russian Government. n
is also necessary at the same time "a
study profoundly the economic condi-
tons In Russia
Instead OF sending to the Russia ~
delegation. as was done at Genoa. a YER,
vague and schematic plan of what might
&c done for Russia, all the Governnants =
should reach an understanding on n per-
erai plan for the restoration of Rueeja
with each step clearly marked and the
various roles distributed both from the
Niewpoint or reconstruction and credits
Inc establishment of~this plan. like
the fixing of conditions to be accented
by Russia, demands more time than ;s
allowed the representatives at The
Hague between the 18th and Goth OF
June to exchange their views. What
could not be done at Genoa In six weeks
cannot be done at The Hague In five
days. The solution OF the Russian
problem is grave enough to warrant
II being given the necessary time. and
u Is only because. until now we bave
been satisfied with too nasty studies
and unconcerted attention we have NOT
been able to succeed
I'VE must work methodlcalIv and
without abandoning any generous ide.a
must look realities squarely in the
face"
NJ Poincare's talk of studying Ru.-
sian conditions alone would defer the