Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-08-05
ENGLAND RESTS
EASY ON j. 6.
DEBT POLICIES
European Conference Is
Expected to Lead to a
Settlement in Europe.
British Labor Man Says
America May Wake
Up to Sense of Fairness

London, Aug. 4-(By The Associat-
lPress.)-The attitude of the United
States treasury department toward the
allied debt question, indicated by Wash
ington dispatches saying the Balfour
note would not affect the American
policy toward the payment of war
debts, has attracted universal attention
here. This, together with the en-
phatic statement by the chancellor of
the excheQuer in the house of com
mons that Great Britain has no inten-
ton of suggesting any alteration of
financial obligations to the United
States. gave a somewhat new direction
TO Friday mornings newspaper com
ment on the question of interallied
debts.
There was. in the whole. a less anx-
ed Press. THE attitude of the United
pect of next weeks conference now
ious note to the editorials. The pros
and hope is eagerly expressed that it
Will lead to some arrangement between
the European allies which will avert
the ugly menace hanging over the con-
tlnent through the Preparations and cog
mite questions.
Further hope is ventured that the
meetings will prepare the way for a
wider conference III which the United
States can participate.
The supposed division of opinion in
the cabinet regarding the British policy
toward the debt problem seems re-
sponsble for a revival of the report
that Prime Minister Lloyd George
contemplates an early election. 1t is
stated that, if next weeks conference
yields nothing of value and conditions
drift from bad to worse, the premier
is likely to resort TO the dissolution
OF parliament. with an election in the
autumn.
Will Britain Pay2
The Star. advanced liberal news
paper. Thursday asked editoriallv
whether the critics of the arguments
set forth by the Earl of BaIfour in his
note thought that the British were 90
ing to work % years to repay the
United States. while the other allies |
repaid nothing. The newspaper warns
Its readers that those who answer this
question a~ffirmatively are living in q
paradise and are likely 70 be
rudely awakened by the advent of a
LABOR government. which will act with
courage TO obtain fair play for the
men who risked their lives against
those who only risked their money. and
get the country out Of this web of or
rapacity."
The intended inference is apparently
nat a labor government would insti-
ute tne conflscatlon of or n levy upon
for the purpose of paving the
1ebt.
Another incident which is taken 90 q
indicating the change in the no
Itlcal wind was an important nrivata
meeting of unionists under the nres;-
iency of Austen Chamberlain. held Inst
TO consider the growing desire
or the independence of the unionist
party. Inc meeting, according TO the
Oally Mail, decided to press energet-
cally for the premier's acceptance of
| more pronounced conservative nolicv
The labor party has given its official
to the Earl of Ralfour's
lote. This was done through Arthur
secretary OF tbe nartr
in a speech at Haywood Tbnrs,
lay night. said:
Approved by Labor Nan
The only satisfactory method for
eiieving Europe from an intolerabjo
urden and removing and sterilizipr tho
due to financial embarrass-
nents IS to arrange an aIl-around can
citation of mutual indebtedness We
therefore, the note issued br
,ord Balfour. 1t is a great step for,
'ard in the right direction and ind
ates, | believe, a sincere effort bv tho
overnment to solve the difficulties in
'hich Europe finds herself"
Mr.. Henderson added that the gov
policy, however. was condi-
onal on what the United States might
r might not do. 1t was his opinion
hat the question of Great britain
ding the right and wise thing ought
OF to be conditioned on America also
Ding the right thing. Better trust
lie good sense of the American people
follow our generous example in their
good time" the speaker added.