The Washington herald., 1922-01-15
WORLD PEACE
ASSOCIATIONS
BELIEVED NEAR
Success of Arms Confer
ence May Materialize
Plan of President
BRITISH PREMIER,S
WORDS SIGNIFICANT
League of Nations Fails
Economic Crisis Genoa
May Settle, he Says.

Success Of the present arms iiml-
tation conference. now believed as
sured. viii absolutely make posi-
bic an associations of nations
which has been In the MIND OF
President Warren G. Harding Tor
many month"; This was the inter
probation placed in conference
circles last night on the statement
by Premier Lloyd George OF the
British Empire that Developments
at Cannes had made IL certain that
the league OF nations cannot deal
with the existing world economic
crisis
Conference circles during yester-
days respite discussed with av1dity
the possibilities that such an as
ISOLATION would come from the pro-
posed economic conference at Genoa.
While the new French ministry n
openly pnoclsiming that II cannot
participate In any conference with
Russia until the existing govern
ment there acknowledge az a valid
obligation an Of the past RussIan<
Indebtedness, and the Centra
Powers announce that they "
accept completely all Of tho
treaty imposed indemnities, IN
talk Is agreed here to be intende
chiefly for home consumption"
Crisis In France.
As a matter OF fact the economic
crisis Is more apparent in France
today than anywhere else, accord
ing to experts who are in attend
ance on the conference here. The
French people have been fed up,"
IL 10 claimed. on declarations that
their debt viii be taken care Of BY
the indemnity and Russia But to-
day the practical side OF the sitna-
tion is declared 20 be very material
In the viewpoint Of the French
statesmen.
BRAND resigned because he felt
that this WAS the only way that the
attention Of France could be cor
centrated on the necessity for max
Ing eoncessions- Poincare, his sue
cessor. 10 q bitter ender- who has
insisted that the French must stand
out for their pound OF flesh" but
when faced with all OF the facts IL
is believed here that he will .advo-
cate going through with the pro
posed Genoa program.
That the United States will par
tcipsts In the conference is gen
orally assumed Conference circles
very frankly declare that its sue
cess IL entirely out Of the question
unless the American government be-
comes q real factor in its delIber-
atoms.
Suggestion Of Hoover.
From every delegation the sus-
gestion IL heard that should the
President finally decide to take part
In the conference and then desiR-
nate Secretary OF the Interior Her
bert Hoover as chairman OF the
American delegation Il will be pos
sible 20 evolve a plan that will keen
certain nations from announcing
they are internationally Bankrupt.
Credit after all Is the mainspring
OF the world. All that the members
OF the conference delegations shave
agreed on n that II the United
states shall endorse the Develop
ments' OF the Genoa conference. irs
success win be assured.
Meanwhile the conference here is
In recess The members are waiting
word from thir home governreuts
All that IL being discussed Il shan
tung on which subject material pro-
gress was made again yesterday.
However.A every tentative declsion
agreed upon IL subject 70 a com
plete agreernE nj on the railway sft-
uation and therefore its present i'm
portsnce 70 negligible.