The New York herald., 1922-12-15

IDD1n1gNf.
New York Herald Bureau.
Paris. Dec, Ia.
Reports OF Il change in American
policy toward European affairs ~espe-
cially reparations, may RESTRAIN Fre-
misr poincare in his intention 10
occupy Ruhr points and control Ger.
manv's industrial center. This is ap-
parent, on the eve OF the Premiers
appearance before the Chamber Oh
Deputies.
"T will make a short declaration, TO
,h;ch will refuse to add anything
until the Paris conference OF the rre-
miers is over,' the Premier announced
tonight This statement. it, is sup
nosed will refer 10 the London con-
ference OF Premiers and tell what mas
been accomplished toward recemeht-
ing British sentiment toward une
French in reopening the interailied
debt.
Cautioned Against Extreme Action
In parliamentary circles it is admitted
tbat The prepier is being cautioned
against an extreme policy when highe
diminish the new Anglo American CON
cilistory attitude, memb ers OF 'he
national bloc, as we'll as Clemenceau
followers. declaring that this is more
innortant than obtaining immaculate
German gold. 49,,
with another fortnight before the
Premiers conference resumes nope ~
expressed that the United states WIZ
give more information as to wha' res
dent Harding meant by dfciar ara.ioiis
that he does not intend TO remain aioo';
n This means that the United states WI
fo,loyv The British lead should the latter
accept German c bonds in payment OF
war debts Il Is admit d that the prop
lem is materially changed.
officials Of the Reparations Commis-
sion showed great interest 'o-day III ).
p Norgan's visit with Secretary Hughes
IN Washington, believing that as pre-
ur,inarv step Mr. Morgan and other
American bankers may induce Washing.
ton TO participate i'll an INTERNATIONAL
4 loan once Prime Minister Bonar Law
\ admits the principle OF canceiins
bonds against Franco British depts'
/ This wo,,ld be virtually c'itt'nG down
H. rennrations. which the international
( bankers committee last summer declared
necessary before the world would nave
/ any confidence In Germany.
Many Back Clemenceau views.
Although French papers are calling on
/ the Premier to carry out the Ruhr seiz-
ure many French bankers are supporting
! Clemenceau's view that this would prove
more costly than profitable. They are
proposing that If the United states m
! tends TO participate in European settle
ments, contingent upon Mr.. Bonar Law
project OF accepting bonds, NJ Pom
4 care must accept compromise along the
line suggested in London by Mussolini--
namely, the exploitation OF forests,
1 mines. railways and other public utilities
I'm the Rhineland, with eventual exten-
I sion of this principle to Ahe Ruhr IL Ger
many still refuses to pay.
| 1t is reported that the persuasions OF
/ the other Premiers had at least the cl-
\ feet OF making any decision by the KEEP
! aratiors Commission as TO Germany
payments for 1929 improbable until after
! the Premiers meet in Paris. The only
/ flaw Is that the failure OF the comnis-
I sion 70 fix payments before December ~
I brings the old schedule of payments Into
I PLAY which would enable NJ. Poincare 10
I order the seizure Of productive guaran-
/ ties as a matter OF precaution.