The Bridgeport times and evening farmer., 1922-10-12
By GEORGE R. HOLMES

By NEOiIGE K. HOLMES.
 Washington, Oct. 12-I N. S.) . -President Harding is willing to call an international economic
 conference any time tASat world
 conditions appear to be favorable
 to the success of such a gather
 ing.
 But absolutely no steps toward launching such a project will be President and his advisers are con Viuced that conditions are such that the worlds economic problems W ' yield to peaceful settlement around the conference table as did the world S naval problems at the arms confer ence last winter.
 This was the explanation put for ward in official quarters today for re- newed reports in foreign capitals that the United States would shortly in augurate a second Washington con ference-to deal this time with the vextng economic problems that have brought Europe to the verge of an other war. So circumstantia1 were the reports that from Tokio cam e anese government as anticipating such an invitation and willing to ac- cept it.
 Conditions Now UnfavorabIe.
 While entirely willing to undertake such a project in the same spirit that actuated the calling Of the arn1a- ment conference-it is nevertheless the unanimous opinion of the Presr-
  world conditions are not now favora- ble to the success of any international conference whether tnaugurated by America ur some other nation.
 And until conditions abroad become more settled, it was said enphatically today, the United States will pursue it's present policy of aiding Europe's rehabilitation wherever possible and in such ways as to bring no involve nent in European bickerings and pol itics.
 Severe pressure has been brought to bear upon the administration to Edip in'' abroad. It has come nor only from abroad, but also from American bankers who believe that without American participation Tn European councils. Europe Is doomed
 With the growing seriousness of af- fairs in Europe, the pressure on the President has increased proportion ately. Scarcely a week now passes but what some prominent American n financier calls at the White House to impress upon the President the need for American help abroad. Tester day it was Jules Bashe, New ork banker. He told MT. Harding that without Americas leadership Burope's rehabilitation is impossible and he frankly urged the calling ol an international ecomnomtc confer ence.
 The agitation to have the United States inaugurate an economic barley began when the armament conference was successfully terminated. BflLlSn statesmen were fnsistent that the United States, having led the work to peaceful settlement of armament prob lens could promote an economic con- ference assured of success.
 President Harding and Secretary of State Hughes were unconVinced. They ! pointed out that here in Washington France had adopted reca1citrant attitude, had refused to consider land had blocked submarine and auxiliary ship limitation and had | shown no willingness to balance her budgets or reduce her governmental | expenditures. Without these, they l argued, such a conference was out of | the question for they were the very | couses of European distress.
 The upshot of 1t was, as now re- | vealed, the British and French, Japa- nese and Italian delegates returned to | their homes with the word that the | United States was not willing to un- dertake such a conference at that | time, but might do so later. The Brit | ish were impatient of delay and pro- noted the ill-fated Genoa conference l on their own responsibility. The fail | ure to accomplish anything-except l perhaps increased bitterness between Britain and France-is recent story.
 Administration off1cials-from Pres dent Harding down-take the view that evens in Europe in recent months have conclusively proved the wisdom of the Am nerican policy of ab- sention from Europe until Europe | takes steps to help herself.
 It is the attitude of administration that the reasons impelled the l lnited States to refrain from ca Hing 1