The New York herald., 1922-01-10

lqtcly mute to the French Premiers
cautious suggestion on the subject.
1.-The determining factor in bringing
/ about the British change of attitude
hsss been the Washington conference,
uqst- war clouds is only Just now be-
T-.iing evident. One only needs to
a. in Cannes TO see that the confer
e}lce called by President Harding az
one of the most critical periods in his
tpry has had repercussion on this
Continent that is about to change the
flee of all Europe. dispelling for al!
time illusions born at the peace con-
ference in Paris that the United States
Would enter into European politica!
oompacts, and throwing the Euro
r,eans back on themselves. Tie re.
suit is an Anglo-French compact
which is a child of the Washington
conference and whose advent was as
sured when the British delegates
fund American sentiment in favor OF
il and reported to Downing Street
chat it was likely to bring American
economic aid to Europe quicker than
any other peace assurance Europe
could give.
Underlying the British decision to give
ehis guaranty to France was also the
French attitude in Washington on naval
Questions, emphasizing to them and TO
Americans Europe's instability for lack
OF denite compact between its two
most powerful nations
iiWhat the European statesmen gath
cred here hope Is that America will now
raspond to the assurance that Wash
3igton really inspired by coming to the
European economic conference and Of
fering some economic aid to their re-
construction plans.
For this reason the reply of the
tSnited States to the invitation to attend
fhe conference at Genoa is eagerly
awaited here. unofficial reports that
President Harding would accept 1t being
hailed with greatest satisfaction.
CANNES. Jan. 9 (Associated Press) -
The speed with which the Russians have
replied to the announcement that they
were to be invited to take part in the
Genoa conference was construed to mean
that they are keenly desirous OF joining
with the nations on almost any terms
acceptable to the. Allies The subcom-
nittee, which VIII meet tomorrow to
frafne the text of the invitations for the
gathering at Genoa, was confronted to-
night by the nice diplomatic question or
whether it should send out an invitation
ii country which already has signi-
fled it's intention to be present.
The reparations experts and the COM
nittee dealing with the proposed inter-
national financial corporation to-day
outlined their program, which comprises
afvast effort for European reconstruc-
tfon The reparation experts decided
that Germany should be asked to pay
1z0. 100000 gold marks in 1922, and at
least an equal sum annually afterward.
Such payments 1t Is considered VIII be
Sufficient to meet the interest on a
zsf.ies of German bonds of 10000. .0O0.0Oo
gSld marks, which thus will become
negotiable.
fThe Economic Committee decided upon
an international corporation with a
capita! Of $4,000. 600. with it's seat in
Lpaeon and with board OF directors
nominated by affiliated companies IN
each interested country. These coun-
tiles including the United States, will
organize corporations for promotion
only, with a combined capital equiv
alent to EGO. 10000 These corpora
tlons will servo as mediums for credit
transactions and facilitating the activ-
ities OF private enterprises in all, coun-
tries where the business iield Is now
obstructed by lack of credits and dis
organized finances. This plan presup-
poses the organization of affiliated COM
phnies in Germany as well as In the
United States. NJ @e M
There remains to be settled theques-
ton what shall be the French share IN
the German reparation payments. Nj
BRAND, the French Premier. to-day
ask 4 the Supreme Council to give him
time to consult with the Finance Com
mission of the French Chamber OF
u=-at--=, and probably will give his
flnai answer tomorrow President Mil
lsrand also probably will be consulted
before the French finally accept the new
sTheme, only a few details of which
have been given out.
An exchange of views concerning Asia
Minor is going on in private conversa-
tions between NJ. BRAND, Marquis Cur
zcn. the British Foreign Secretary, and
the Marquis Della Torretta, the Italian
Minister Of Foreign Affairs There are
indications that this question may be set
>tlcd more easily than had been antici-
plted,. he British showing less opposition
TO dealing with the followers OF Mus
tapha Kemal Pasha, the Turkish Ma
tionalist leader. In well informed sources
II is said the settlement may be in the
nature of an extension of the Franco
Turkish accord to Great Britain anc