Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-08-17
FRENCH DELEGATES DEFEND
THEIR POSITION AT FARLEY
London Papers Declare Eu-
rope Has Lost Her Great
est Opportunity to Set Fl
nanCiaI Affairs in Order

PARIS, Aug. 15.-(By the Asso-
ciated Press).-The French delega.
ton to the allied conference in
Havas agency, defines it's position
at the breakup of the meeting, af-
firms that the delegation showed
patience and moderation through
out, and declares that Germany is
persevering in a policy calculated
to make Europe believe she is in
a state of bankruptcy.
Germany's plan Of action, said
the statement, explained the sys-
tematic depreciation Of her cur
rency. She was certain to ruin her
own credit in the operation, but
counted on the allies being forced
to favor an international loan, and
thus restore her credit. She hoped
that the first credit operation for
her would be made possible with
out coercion and pledges, and If
the operation produced twenty bill
lion marks for Preparations she
would consider she had paid enough.
Her situation then would be bet
ter than that of the victorious al
lies, since she would have only d
small foreign debt and her indus
try would be in full activity. Thus
she would resume in Europe and
the world, at the expense of the
allies, the economic advantages
wrested from her. The French dele
cation wishes to oppose an equi-
table and rational program to this
German scheme.
'tUnder the circumstances" 1t
adds, I'M. Poincare refused to as
sociate himself with any decision of
the conference, even for referring
the problem to the PREPARATIONS COM
mission, and announced that the
French government would deliber
ate on the situation and that in
any case it would reserve it's free
dom of action"
1t has been said lately that If
France resumed her freedom of
action it would be rupture and a
definite rupture of the entente, but
dhe French premier made point
of declaring to the conference that
he refused to believe it and would
do everything to prevent such a
MISUNDERSTANDING except sac
rifice the essential interests of
France.
He added that none was more
attached to the France British
friendship, and ventured to believe
that he had personally contributed
to tighten it.
A rupture between England and
France, he asserted, would be a
great misfortune, but there would
be something graver than a mo-
mentary official disagreement be-
tween the two governments.
M. Poincare closed by expressing
the conviction that, if an agree
ment cannot be reached on this
question in which France, in COM
mon justice, ought to have the pre-
ponderating voice, since her claim
represents more than half the total
in any case, it would be admitted
it was only natural she seek to
safeguard her finances and save
herself from ruin.
Premier Poincare, at tomorrow s
cabinet meeting. will propose the
summoning of special session of
parliament, probably to begin next
week, according to the morning
newspapers.
LONDON NEWSPAPER
COMMENT ON FARLEY
LONDON, Aug. 15.-(By the Asso'
| ciated Press.) -Europe was unable
to rise to what might have been a
great opportunity to put her feet
on the road to recovery. This is the
consensus of the press comment re-
| garding the failure Of the London
conference, but as to what was re-
| sponsibie for the failure depends
upon whether one accepts the
| French or British viewpoint.
The procurement editorials ex
I press the hope that France Will take
| the counsel Of reason and sObriety
| and not continue to act against her
| own best interests. while those OF
| the opposition press, such as the
| Daily Mail, say the British people
| will not allow any administration
! to quarrel with their friend ard ally
| for the benefit and satisfaction OF
| the Germans.
| Says The Times:
''The initial cause of the Down
ing street failu-a was the Balfour
note, and that dangerously petty
and short-sighted spirit which in
spired it betrays a startlingly made
quate conception of British dignity
! and true British interests"
The Daily Telegraph thinks the
| failure may prove the most dis
quieting news since the armistice
but assures the French that the
| British are as determined to make
| Germany pay as they are the off
| ference in views being merely oSe