The herald and news. [volume] (Newberry S.C.) 1903-1937, 1922-05-05
TAFT MAY
NAME CHAIRMAN
TO CONTROL DEBTS OWED BY
RUSSIA
Will Be Asked to Appoint Head OF
Mixed Tribunal-Plan Arranged
at Genoa Conference

of the United States supreme court
will be asked to name the chairman
of the mixed arbitral committee to be
established for controlling the debts
owed by the Russian government to
foerign bondholders, according to the
plan arranged today. The other mem
bers of this commission will represent
all the bondholders and the Russian
government, respectively. The COM
mission will have power to remit in
terest and decide all questions affect
ing foreign bondholders and Russia S
ability to meet her obligations; time
limit will be fixed in which bondhold-
ers may make their own arrangements
with the Russian government, if they
desire
Mixed arbitral tribunals, one for
every interested nation, will be set
up to deal with the question Of the
property of foreigners which has been
nationalized; the chairman of each
will be named by the chairman of the
mixed arbitral commission. In the
plan adopted practically everything
which savored of capitulations or in
fringement on Russia's sovereignty
was waived The French suggestion
that provisional administration,
pending Russia's establishment OF
courts on the basis desired by wes-
tern Europe, was not approved.
Labor day was real labor day for
the Genoa conference The subcom-
mission on Russian affairs rushed its
consideration of the Russian recon-
struction plans and came through late
tonight with approval of the draft of
the proposals. These will be consid-
cred again tomorrow for the purpose
of final editing and;9wfll probably be
sent Immediately to the Russian del
egation.
Belgium alone held out on the sec
ton relating to the treatment to be
given to the property of foreigners
nationalized by the Soviet govern
ment. This is vital point in the
proposals and has been stu9bornly
contested. France finally subscribed
to! the project proposed by Great Bri-
tain, whereby the use of the property
will be restored wherever possible
and in other cases compensation will
be arranged through mixed arbitra
tribunals. tiws - ~
Belgium stood firmly for the prin-
ciple of restitution and went on rec
ord as protesting, declaring that the
vested interests of Blegians in prop
erty in Russia amounts to 100000
600 pounds and that Belgians will
never again invest in Russia unless
restitution is made.
In the discussion relating to the
treatmet of foreigners, the admins
tartion of justice and the general lib
erty of foreigners TO travel and en-
gage in enterprises in Russia, it was
decided to abandon these sections of
the London experts report which re-
ferred to certain measures whereby
the immediate restoration of Russia
would be facilitated Among the pro-
visions in this report thus given up
was that requiring the consul of a
foreign country to ratify the decision
in a criminal case effecting the citi-
zen of the consul's country before
such decision would be carried out.
The delegates agreed today that such
a measure would be distinct viola
ton of Russia's sovereignty.
Similarly it was agreed that the
suggestion to insist upon exceptional
treatment and protection for foreign
workmen in Russia and Russian work
men employed by foreign companies
would be unjust in it's operation and
harmful to the liberty of the trades
union movement not only in Russia
but throughout the world.
Concerning the general question Of
the treatment of foreigners para
graph was inserted setting forth that
inasmuch as proper restitution of
Russia depends upon the reestablish-
ment of freedom of movement and
honest and equitable administration
of justice the Russian government
promises to undertake the establish.
ment of these conditions immediate
ly.
Washington, May 1.-The Ameri
can government stands unshaken If
its determination that Russia must pu
bor oyvn bouse in order before ShS