The New York herald., 1922-04-30
BRITISH AND FRENCH
RELATIONS HELPED
Bankers Had Part in Bringing
Acceptance Of the Russian
Compromise.
AID In PREPARATIONS PLAN
Picture Of Anglo-American Co.
operation Drawn as Lesson
to French Press.
AID In PREPARATIONS PLAN
ny FRANCIS M,CULLAGH.

Special Gable to The New YORK HEHALD.
Copyright, 1929, by THE NEW York HERALD.
GENOA, April 29.-Wth the agree
ment on Russia to-day. England and
France took long step to mutual
cooperation
Sir Edward Griggs, representing
Premier Lloyd George, made it plain
this afternoon that the private prop
erty compromise was real agree
ment in principle. 1t is regarded as
highly favoring ultimate concord on
reparations, even though it is still in
sisted that Poincare is not coming
and Is against meeting the Versailles
signatories here.
AS indicated In dispatches to THE
New YORK HERALD It was the British
bankers coming in to fill the financial
gap in the Russian problem, which
France could NOT f1ll, who saved the
situation.
Likewise it may be that the same
British bankers will tide over the rep
arations issue. However, with such
burdens on British loaning capacity
theAs financiers obviously are turning
their eyes from Threadneedie Street
to Wall Street.
Mr.. Lloyd George is reported to ap
preciate this fully, he.ice his eagerness
Americans will be justified in joining
the prosperity drive here.
America to Lead France.
ii is insisted in conference circles
that NJ. Barthou and the French dele
cation paid no attention to the threat
of French isolation in It's stand on the
Russian problem. But possibility of
such isolation has been conveyed in
no uncertain terms by British quar-
ters to certain French journalists here
whom Mr.. Lloyd George considers to
be in high degree responsible for
Poincare's. opinion and the popular
French ( pinion that France is being
scuppered at Genoa.
With that picture was coupled a
drawing to scale of the two great cred
itor nations. England and the United
States. going on peacefully with East
ern Europe, with France alone re-
naming aloof Speculations as to
what such an Anglo-American entente
might do or might prevent from being
done is understood to have had a
SOLDERING effect on those for whom the
lesson was intended. Hence 1t is hoped
that after the plenary session of the
economic conference Wednesday, when
attention is turned toward the Ver-
sailles meeting, French opinion will
not be found to be so recalcitrant.
Would Meet French Demand.
1t is recognized in British circles
that Frances demands for payment
are justified by her own sufferings
and every effort will be made to meet
those demands through the channels
that have been suggested. Meanwhile
Mr.. Lloyd George is toiling nightly
over TIE peace pact which he hopes
to make SO strong as to remove
Frances fears against further Ger
man aggression. He is willing TO
sacrifice much to conform to the
French views as to what strength that
pact ought to Eave, but he Is under no
misconception that the cooperation Of
the United States in any scheme
guaranteeing either present or future
boundaries In Europe is wholly inn
possible. Still he hopes that keeping
peace on land in Europe and Asia will
be worthy complement to the four
Power Pacific treaty.
Mr.. Lloyd George realizes that he
may have to give substantial guaran-
tees to France, such as those contained
in the proposed Anglo-American-
French treaty to which Mr.. Wilson
agreed Some of his advisers say that
he might even be persuaded to go that
far If he could return to the British
people with a land disarmament agree
ment which would warrant the belief
that such pledges never would have
10 be redeemed.