The New York herald., 1922-12-30


The countries that would send finan
ciers and economists TO the proposed
conference are the United States, Great
Britain, France. Germany. Belgium
and probably Italy.
z Every suggestion of this Govern
ment proceeded on the assumption
that the experts should be delegates
with a free hand 10 work out adjust
ments. These adjustments. however.
would not be binding and would leave
unaffected the sovereign rights of the
Governments concerned to accept or
reject them.
Senate Outline Correct.
In connection with the outline of
the Administrations program the Pres
ident let it be known that assurances
given in the Senate by Senator'S, in
cluding Senators Lodge, Republican
leader; Mccormick (Ill.) and Watson
1nd), gave correct picture of what
this Government is doing and has been
trying 10 do.
The President regarded as wise the
decision of Senator Borah not to press
his resolution. AS indicated in his let
ter to Senator Lodge, the President
thought it futile to expect that an
amendment to a pending piece of legis-
lation could effect a concord of Eu-
rope when those who made the pro-
posal had not taken the trouble to
ascertain what the Government was
doing to, o,help in a solution of financial
and economic crises.
Mr.. Harding frowns on any sugges-
ton that the United States should be
represented as seeking or desiring to
assume the role of umpire or mediator
in Europe. To assume such a role he
feels, would be to draw on this coun-
try the resentment of any nation not
satisfied with the deal 1t might get.
All the President guarantees is that
he viii seek out the most independent
and expert financiers in the country
and delegate them to cooperate with
delegates of similar standing appointed
by the other Powers to arrive at n
sane judgment Of what Germany can
pay and work out means whereby
France and Belgium will be assured
of payments.
Such judgment, IN the opinion of
the President, would be bound to- COM
mand respect as it would be the first
tSiA OiACi ~ pAiliS ltPdl dbiOho OQL VI
the political backwash strewn with so
many financial wreckages in the last
two years.
The Debate Verbatim.
The debate on the Borah amend
ment was resumed in the Senate at
noon to-day. THE New YORK HERALD
presents herewith a verbatim report
of that part of the debate including
the admissions of Administration SEN
ators concerning international affairs,
which caused Senator Borah to with
draw his amendment.
Mr.. Lodge: "It is always usual to
sound the other nations to find out
whether any of them will come and
who are ready to come. The general
purposes of the conferences are. of
course, then outlined in the informal
Conversations which can hardly be
dgnted with the name 'negotia-
tons"
Mr.. Pomerene: do I understand
from what the distinguished Senator
from Massachusetts has just said that
there We're any informal or other con-
ferences or negotiations or corre-
spondence relative to the four Power
pact adopted at the armament con-
ference last winter before the confer
ence was convened?"
Mr.. Lodge: 1.-The four Power pact
was simply the method of disposing
of the subjects which had been laid
before the other Powers. They were
not asked Will you adopt this treaty.?
or Will you adopt the Chinese tariff
treaty?' They were asked if they were
ready TO come into a conference and
consider questions relating to China
and the Far East"
Mr.. Pomerene: During the early
part of that conference / confess /
was with a committee of the Senate
in Haiti and Santo Domingo. and
therefore 1 cannot speak by the book,
but do remember very distinctly that
when returned home one of the con-
tentions in the newspapers was to the
effect that that four Power pact was
not in contemplation at the time that
the conference was called"
Mr.. Lodge: "All the questions re-
lating to the Far East were in con-
temptation and as a matter of fact the
question of the Anglo-Japanese al
lance had been in discussion for sew
eral months between the Powers and
il was probably better understood than
any other outstanding question which
was brought before the conference"
No Request to Withdraw.
Mr.. Borah: Before the Senator
from Indiana proceeds, may I ask
question? / understand the Senator
from Indiana to request the Senator
from Idaho to withdraw his amend
ment?"
Mr.. Watson: mo, I did not request
the Senator to do that: but / sug-
gested it would be entirely proper for
him to do So"
Mr.. Borah: 1T will be proper IL /
may have an understanding with the
Senator from Indiana. Do l under
stand the Senator to say he can now
state and does state, as he said a mo-
ment ago, that negotiations are now
in progress for the purpose Of calling
this conference?"
Mr.. Watson: mo. not negotiations.
What said was that feelers had been
put out: that foreign nations were
being sounded with view TO finding
cut whether the United States may be