The New York herald., 1922-12-18
EUROPE PESSIMNSTIC
ON us. LOAN SCHEME
London Times Warns That
Too Much Should Not
Be Expected.
FRENCH SEE GERMAN GAIN
Temps Says Plan Looks as if
Drafted by Berlin Bel
gian Protests.

.LoNpoN, Dec. Is (Monday) (Associ-
ated Press) The Times editorially
much fsorn the numerous reports Of
possible American intervention in the
European economic situation. II
points out that there is only slender
chance for the coming Paris confer
ence os Premiers to arrive at definite
limits for the German debt. and that
until such fnality Is attained the sug-
gested international loan on behalf OF
Germany Is entirely inpracticable. and
the American Administration certainly
realizes this fact.
PARIS, Dec. II (Associated press).-
The reported plans OF the United States
for the rehabilitation OF Europe seem
conceived exclusively In the interest OF
Germany" says the Temps. This re-
fleets the viewpoint OF majority OF the
French newspapers. Skept!cisra and re-
sentiment predominace IN these second
day reflections on tho situation, bat
there are few words OF welcome for
the proposition. al in the case OF the
opposition Newspaper L'oe~cro, which
expresses pleasure cvor TIE interest OF
the United States. even II It has no
immediate practical resurcs."
The Tempo says the plan looks ss II
It had been drafted by the Germans
rather than the Americans and suggests
that tho Germans. after celebrating an
agreement with American bankers. make
a proposition to the Allres for the pay
nent OF reparat.ons and then the Allies
Will see II they can make tho conces-
sions that are asked.
NJ. Bainviile. IN Lo L@oerte, is the
most severe critic OF the reported
project He says: "If the United States
seriously wished TO save France from
financial chaos their first care should
be to annul the clalnie they have
against the Allies" He sees In what he
cails Wsshlngton's move. simply an ef-
FORT to prevent occupation OF the Ruhr
by France. and asks: rs this the only
resul. OF Clemenceau'o tour?"
The writer adds that the money the
Americans would lend will be asked
for some day, Just as they already de-
rnand the billions they advanced the
Allies for a common war;"
"PertInax," In the Bcho de Pdr>5,
says the conditions made by America
"are eIsctly the reverse of What Ia
necsessry 70 prevent Germany from
employing the new strength she would
ret TO avoid paying reparAtions." He
.uurests that the Americana could rem
der great aid by allowing France 70
seize German capital IN America, which,
ne declares, Is sufficient 20 pay repara-
tiono for two years, thereby avoiding
a moratorium"
Many Of the leading newspapers. like
the Matsn, the Pete Pev<s<en and the
Journal dea Dcbats. refrain from edi-
toriai comment, simply publishing Amer
lean dispatches 20 the London news
papers and referring 20 the reserved
altitude" OF London bainkers-
7puss.Ls. Doc IL (Associstea Presa)
Reports OF contemplated action in the
limited Statcs looking to the recon-
str,,ction OF Europe have bean received
with much adverse criticism by the
leia,sn newspapers. The Nafson Beige
saws Il would be Belgium and France
who would bear the burden. as they
would have to abandon their liens On
Germany.
tn. v,notie-,e steele considers the
n,an as a feeler and expresses astonish-
rnent that America should show con-
adence In Gerrany's Intentions 10 pay
reparations.
LAUSANNE, Dec. II tAssoeisted Press
Delegates here accord to the American
plans for the economic assistance OF Eu-
rop. overwhelming Importance as an In
ternat!onal event. All the delegations
have been optiniisticary affected and
seem TO feel It double duty 10 make
the conference a success and thus hasten
the work OF European reconstruction and
European peace.
BERLIN, Dec 17.-The American AM
basador, Annson Il. Houshton. who has
been IN London conferring with Amoas-
sadors Harvey and Fletcher. returned 20
Berlin to-day.