The New York herald., 1922-08-26
LLOYD GEORGES FIRM
REP PARATIONS STAND
British Premier Will Make
/ No More Suggestions to
Paris or Berlin.
TO LET EVENTS RULE
Invites Financiers to Meet
Col. L. NJ. House and EX-
Governor Cox.
+. A. VANDERLIP'S FEARS
Secs No Prospect Of Avoiding
Ruin and Starvation in
Germany.
+. A. yANDERLlP'S FEARS


tight and await developments in the
rcparations deadlock. Following the
return OF Premier Lloyd George from
Criccieth in Wales to-day. THE New
YoRK sHERALp correspondent learned
from an authoritative source that
there is no intention on the part of
the Prime Minister to submit further
suggestions either TO France or Ger
many. He stands ready to go to con-
ference at Brussels or elsewhere, but
he is reported to feel that the initia-
tive must come from elsewhere.
In other authoritative quarters it
was stated that Mr.. Lloyd George
might even tear up the Balfour note
If that is the price of restoring Euro
pcan tranquility. but he will not do So
qud for such a quo in its disposition
from France and others, to dispel the
war atmosphere and turn toward re-
construction on the basis of present
day realities.
Disappointment over The failure of Sir
Preparations Commission, to accomplish
anything m Berlin by his discussions
with French and German experts is dis
counted in official circles here where it
Is not believed that there ever was
any more chance Of reconciling the
Anglo French German attitude than
there was at the London conference
Some are disposed to believe. however.
that logic and the course Of events will
sllave an effect or France and that Poin-
tcare will not take independent steps
without making another attempt to reach
ian understanding with Frances old
ally
In the meantime 1t is understood that
Instructions have been sent to Sir John
bradbury to vote against declaring Ger
many a voluntary defauiter.
Lloyd George to Sec j. VI. Cox.
After that decision Premier Lloyd
George Will await developments from
Paris Meantime the Premier is 60
tanning all the information possible from
America. Tomorrow he will have as
street Col. T. NJ House and former
Coy. James NJ. Cox OF oaio. II is under.
stood that number Of leading BRITISH,
fnanciers have been invited TO mees
them. although the only member OF the
Cabinet - town is sir Lexington Worth
ington Evans.
Secretary Melons statement on the
war time loans OF America to the Allies
~ generally accepted here as accurate
but authoritative British sources point
out that had it not neen necessary for
Britain to have granted British credit
TO France, Italy, Russia and others
then Britain herself would have been
able 70 pay cash for what she bought
in the United states and 1t would not
have been necessary for her to have
borrowed from America.
Pressure Is being exerted on the
Government from influential sources to
make some sort OF spectacular endeavor
10 prevent the further collapse OF the
mark. but it Is tho premier's reported
Judgment that the time is not yet ripe
and that the logic OF events should be
allowed furher play on the French ma
tional mind before another rift i'm the
Entente should be rislSed on British
Initiative.
Political circles arc unable to UNDER
stand the temporary rally of the mark
to-day except on the theory that the
city heard n rumor that Chancellor
Wirth's counter proposals on reparations
seemed acceptable and that Sir John
Bradbury was continuing the negotia-
tions. IL was the immediate efforts on
the part Of those who are deeply COM
mitted TO the mark gamble to bolster up
the price and their efforts were tenn
pOrariy successful But the departure
OF Sir John from Berlin after the close
OF tho market Is expected to have a
catastrophe effect at the opening to-
morrow. an effect which will be more
heavily reflected than hitherto on both
the French and Italian exchange.
No Avoiding Collapse.
Frank A. Nardorlip to-day gave out
pcssimistic Interview. asserting that
there was no prospect of avoiding a
collapse IN Germany. which would IN
yolve ruin and starvation for more than
70.000,000 people.
Mr.. vanderlip says that tho French
and italian financial situations likewise
are extremely critical. He is even pes
smlstlc about the future of Great
Britain because OF the impossibility OF
developing European markets and the
fact that there are no others available
20 keep her industrial organization going
and growing. without which she cannot
live. Mr.. vanderlip concluded by saying
"rhc problem al the doors OF Europe
IS almost beyond remedy on an ordinary
plane. I would Hike to emphasize that
this great question Of the condition OF
Europe is vital ~ the whole world and
that within a comparatively short time
there must be uncxampled happenings
which viii have TO be met by uncX-
amplcd policy and action.
~ fear that European communities
do not sufficiently realize what the col.
lapse Of Germany means 70 herself and
60 themselves and nothing has come
from the various conferences and cor.
responsiveness % tho last four and a halt
years which helps"
MIR vanderlip says that the people OF
Europe are beginning to realize the sit
uation more keeniy than the politicians
and particularly charges that the
ffcndh Cabinet and Chamber are not
rtprcsenting real French opinion.