The New York herald., 1922-12-23
Will Defer Exercise Of
Force Until He Learns Lon
dOn's Full Demands.
FOR MILD RUHR CONTROL
But if Not Enough, He May
Seize Proceeds Of All Ger
man Exports.

Special Cable TO THE NEW Yonx HERALD.
Copyright, 1879, By THE New York HERALD
New York Herald Bureau.
Paris. Dec. e2.
Two facts stand out to-day with re-
spect to the forthcoming conference
on reparations and interallied debts.
According to information from reliable
sources these are;
First. Premier Poincare will en-
deavor to get in writing some agree
ment with England as 10 the use OF
German c bonds for meeting Frances
Indebtedness to Great Britain. This
he hopes to have as the first item On
the conference agenda.
Second. The exact degree of the
pressure upon Germany which France
will seek TO impose will not be deter
mined until the first aim has been ac-
complished. thus leaving tho way open
for a considerable modification Of the
French Prcmler's original plans II. as
the French seem TO believe, American
influence will be used in London In
the meantime to induce Premier
Bonar Law to come out openly for
some sort of a cancellation scheme.
NJ. Poincare's reference before the
Senate yesterday that he had not yet
given any intimation as to what guar
antics he would demand. Is taken here
as indicating that the French do not
want to insist on extreme measures
until they are certain Great Britain
viii demand payment Of the war debt
in full. although II is realized that this
will be difficult until some assurance
comes that Washington will find itself
In a position to take the G bonds off
England.s hands in part payment OF
her indebtedness.
Repeated declara tons that there is no
no need for any military occupation. ex-
ccpt such as that used to protect M.
Poincare's economic guardianship" OF
Germany are causing numerous reports
as 10 the details of Premier Poincare's
intentions. ebut the Quail dOrsay Is
silent. .N
A canvass Of five big banking houses
bv THE NEW YORK HERALD correspond
ent showed that they have no faith IT
any sensational operations In the Ruhr
four Of them believing that Poincart
would try to obtain money by the ex'
ploitation of the Rhineland railroads
forests, and industries by means OF
special customs barrier which has Ions
been the dream of a certain section o.
the Foreign office economic division. IL
order to make this effective absolute
control Of the coal in the Ruhr Is essen
tial, and the majority Of the high OF
ficials believe that this can be obtained
by minor police operations.
That NJ. Poincare will go farther Il
considered highly improbable. Neverthe
less the rumor persists that the French
Premier. II he does not get what his con
yersations with Bonar Law in Londor
led him TO expect, intends TO bring uI
the question OF q closer control OF Ger
many's exports. which under the Lon
don schedule OF payments is supposed e
yield &c per cent. ad valorem to the rep
arations Golfers. Up to the present thi
has yielded virtually nothing.
Even II a customs barrier is place.
on the Rhineland this would not give tn
French more than few additional dol
lars per year. The only control likel.
TO yield the immense sums which Frcncl
financiers are hoping to obtain woul'
be tantamount to a seizure OF the pro
ceeds OF all Cermany's exports through
her ports such as Hamburg. Bremen ant
POSSIBLY Danzg, and not allowing tn
Transportation OF goods until the repa
rations percentage has been paid to
French supervisor.