The New York herald., 1922-02-17
Asks 100000 Holders of
Russian Securities to
Send List at Par.
MOSCOW SCHEMES FAIL
Efforts Of ENJOYS Regarded
as Attempt to Divide
the Allies.
ny LAURENCE HILLS.

ny LAC nENOG II ILLS.
Special Cable to THE NEW YORK HErALp.
Copyright, 1879, by THE NEW YosK HERALD.
New York Herald Bureau
Paris. Feb. 10.
There is no chance whatever of the
French Government undertaking pri-
vately or publicly pourparlers with
Soviet representatives on the subject
of separate arrangement between
the two countries before the Genoa
conference. This statement was made
TO THE New York HERALD correspond
ent to-day by high French official
and has been confirmed in other quar-
ters where the change in the Soviet
attitude toward France has been care
fully considered
French holders of Russian securities
numbering 100000 persons appear to
be firmly opposed to recognition of the
Soviets even to the extent of such
conversations. They have recently
been asked by the French Government
to furnish an inventory of their Sc
curities and to value them for this
purpose at the old par exchange of
2 francs and Sc centimes per ruble.
This is for the purpose Of making
claims when the proper time comes,
but neither the French Government
nor the holders of these securities
have any faith that the Soviets can
redeem them or restore their value.
Radek's Schemes Fail.
Interviews given recently by Karl
Radek and Gregory Krassine advocating
working accord between France and
the Soviets to the apparent disadvantage
OF England and even Germany. which
have excited the Germans, particularly
during the last few days. have fallen
here on entirely sterile ground.
The maneuvers of Radek and Krassine
in advance of the Genoa conference are
regarded by French diplomats and
French business men as nothing more
than an attempt to divide the Allies and
prevent them at Genoa from cxacting
the maximum guarantees such as France
considers essential Skobeleff, who has
recently come tc Paris in the guise of
a representative of the Russian coopera-
tives, and Krassine both have sought to
confer privately with the French Gov
ernment and been refused. permission
again having been denied Krassine to
come to France.
French Policy settled.
Frances policy will remain fixed until
the Genoa conference convenes, and even
there the French will refuse to meet the
Soviet representatives unless England
agrees with France to such guarantees
as would subject Russia to visitation
and inspection by an International COM
mission.
The form of such garanties which
France will suggest are now being drawn
up by experts here. France is the
largest foreign creditor of Russia" an
official of the Foreign Office told THE
NEW YORK HERALD correspondent. mo
decision on any economic plan affect
ing her could be taken at Genoa without
Frances presence and consent, else II
would be valueless. Obviously, Russis's
resources could not be pledged behind
any reconstruction plan without the con-
sideration of Frances claims.
THE Little Entente is in a similar
position. as these States have credit
claims on Russia which any agreement
to which they were not party would
endangcr. This is why there must be a
full agreement before the Genoa gather
ing as to how any possible commerce by
Russia is to be controlled and made ef-
fective. and France will not, under any
circumstances, talk separately with the
Soviet representatives in the meantime"
The French Foreign Office is fiattering
itself that one OF the reasons for Presi-
dent Harding's hesitancy regarding
Genoa. is because the policy OF the two
countries respecting the Soviets still
comedies.
But Il still is asserted that 1t Is i'm
possible for the Genoa conference to ac-
complish anything practical for Europe
in general or Russia in particular. un-
less the United States attends.
Must Get Back Gold I'm u. =.
writing In the Ere Novcrle Senator
CASTOR Doumergue, leader u the left
wing says: 'If the nations that arc GO
ing TO meet at Genoa do not find the
means of bringing back to Europe the
gold which has crossed the Atlantic 20
swell the monetary reserves OF tne great
republic, nothing can be accomplished.
To find this means of cooperation with
the United States is essential. Yet how
this can be obtained if the United states
does not take part In the Genoa con-
ference and IL the nations there cannot
make II understand that the gold retired
from world circulation must be promptly
returned II normal business is to be re-
sumed and economic and perhaps social
avoided"
Senator Doumergue is advocating the
British thesis regarding Genoa that Eu-
rope can only be rescued from it's present
plight by taking all it's nations. includ-
ing Russia, Immediately into a common
family with reservations.
The British game of silence is bring
ing France more and more to acceptance
OF the Genoa idea through the fear of
being isolated. but the recent conversa-
tions held here by Dr. Eduard Bencs
Premier OF Czccho- SlovalSia. have en-
couragcd the French to think that they
will have the support OF the little
Entente" In defeating any plan to make
the conference political. or any recon-
struction scheme involving Russia that
would endanger French interests.
The French arc anxious to have the
Little Entente" included In conferences
with the Allies technical and financial
experts. but are finding opposition in
: e~1 ~ rivinc these conversations p
c.s a- ao,,lJ virtually constitute