The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1922-01-10
ACCEPTS INVITATION
TO SEND DELETATE
TO THE CONFERENCE
German Delegation, Headed by
DIR. Walter Rathaneu,
Will Go to Cannes.
TO DISCUSS PREPARATIONS
WITH SUPREME COUNCIL
Program Outlined Which Com
prises Vast Effort for Euro
pean Reconstruction.


CANNES. Jan. ss-SovIet Russia
accepted the invitation to attend the
coming economic conference at Genoa.
A telegram from Foreign Minister
Chitcherin announcing the soviet ac-
ceptance was received here this even
ing.
tomorrow to frame the text OF the in
vitations for the gathering at Genoa
was confronted tonight by the nice
diplomatic question of whether 1t
should send out an Invitation to a
country which already has signified
its intention to be present.
simultaneously with the making
public OF Russia's intention to have
representation at Genoa, it became
known that the German delegation,
headed by DR.. Walter Rathaneu, will
arrive In Cannes wednesday to discuss
tho question of reparations with the
supreme council.
The repara ton experts and the COM
mittee dealing with the proposed i'm
ternationai financial corporation today
outlined their program. which COM
prises vast effort for European re-
construction. The reparation experts
decided that Germany should be asked
to pay 100000 gold marks in 1922 and
at least an equal sum annually af-
terwards. Such payments. it is consid-
cred. will be sufficient to meet the in
terest on a series OF German bonds OF
twenty billion gold marks. which thus
win becorne negotiable-
The economic commission decided
upon an international financial COR
poration with a capital OF 20.o0o,000
pounds sterling, with it's seat in Lon
don, and with a board OF directors
nominated by affiliated companies in
each interested country. These coun-
tries, including the United States, will
organize corporations for promotions
only, with a combined capital equal to
20 100000 pounds sterling.
These corporations will serve as
mediums for credit transactions and
facilitating the activities of private
enterprises of all countries where the
business field Is now obstructed. by
lack OF credits and organized finances.
This plan pre- -supposes the organi-
zation OF affiliated companies In Ger
many as well as In the United States.
There remains to be settled the ques-
tion what shall be the French share
In the German reparations payments.
W. BRAND, the French premier, today
asked the supreme council TO give him
time to consult with the finance COM
mission OF the French chamber OF dep
uties, and probably will give his final
-. a. n
also probably will be consulted before
the French finally accept the new
scheme. only a few details OF whicn
have been given out.
NEW YORK. Jan. 1.-TWO Russian
anti-bolshevist's leaders now In this
country as representatives OF the ex-
ecutive committee of the Russian
constituent assembly tonight issued a
statement termins the invitation ex-
tended TO Russia to attend the eco
nomic conference at Genoa. as moth
ing but an agreement with the tyranny
now ruling Russia for the benefit OIL
foreign investors at the expense ofI
the Russian people"
The two anti -bolshevist leaders
signing the statements were Professor
Paul N. Miliukov. former minister off
foreign affairs in the Kerensky gov
ernment. and Nicholas NJ Avzentiew, |
former minister OF the interior. They
both asserted that the plan proposed
By the allied supreme council at
Canes tends to degrade Russia to the !
state OF colony. open TO foreign ex-l
ploitation. and the Russian people are
sure to resent their experiment as al
new slavery for them"
BERLIN, Jan. 9.--Writing In the
Tageblatte, today. regarding the de-
liberations Of the allies mt Cannes on
the reparations question, DR.. Bern
hardt Dernburg declared none OF the I
entente nations would be able to pay 4
Germary's debt. and that brief post
ponement would not solve the prob
lens. which will be settled only when
the time is sufficiently extended TO
allow Germany actually to raise thei
necessary cash without the use az arti-
fetal means.
Not one or the victorious nations
could stand up under Germanys bur
den" he said.
BERLIN. Jan. s.--The German dell
egation. which has been asked Is hold
itself in readiness for Consultation
With tho allied supreme council At
Canes on the reparations question. left
Berlin for Paris az ? o'clock this ar
ternoon.