Show OPE IS GETTING WN TN TO BUSINESS SAYS OFFICIALDOM r genes ence of United States I Ii Tin i w World o ld C Coun Councils Is i ir 7 r Called Loss I II I ut By iBy B David Dav Lawrence 1920 1120 bY bJ The be Silt Lake herald ashington May aY 19 Europe 19 Europe is set get Ket-I Ket down to brass tacks tacks tacks-or or rather is overcoming the sen- sen sense Comic the allied which has kept lid ntA recognizIng that until the theof ther from ld Id r of ot the German indemnity was wasn n nd ways Nays were discovered of ns aa- aa I Germany to pay PRY the same re- re In leg would d be held back Inde- Inde ely d hit blot t Is I. the Interpretation which our I the latest confer confer- lell ill put upon es i between the allied premiers prior priore I Ie conference with tho Germans at e But rut It must b be said Bald at the out out- that whatever views are expressed out out-I the treasury department where the Her ter made several inquiries today the momentous decisions be- be ma mad 6 in the European Europen conferences i based entirely upon a R- reading reading- of ot I i morning newspapers ne' Significantly 1 indeed r regrettably the United tee tei government doesn't know a ang ant I nt nl about what is going coine on In those Ilm Important f financial n n lat conferences cos which Indirectly relate elat to the tho whole economic future of ot the United States the value of ot its bonds and securities Recur and the op opportunities for foreign n trade Treasury officials said it was waR nn an unfortunate unfortunate un un- un- un fortunate confirmation of what they had been beon ln In saying right along namely name that Europe was waa being beiner compelled to settle Bettle the worlds world's financial affairs without having having- the benefit of AmerIcas Americas Americas Ameri cas ca's a. a advice or suggestions X ec cl l Ni Not t Accept Settlement S nt While It is true said Bald one of oC the tho I treasury officials that the United States need need not accept the settlement when whon it Is 18 made we will hardly be able to raise much of oC a n. clamor when Indeed we wo rejected the opportunity that was was was' offered us to become a member of the league of of nations and be represented in these Important co conferences To bo ho sure sur our officials take with Ith witha a a. grain of ot salt Bait some Borne of ot the cablegrams cablegrams' which Imply that a n. new principle of payment of war debts Is to tobe tobe be introduced J For or instance one ono press dispatch declares that France will not be obliged to pay England what she owes the latter until the Germans Germans' make their payments on the war In In- In This might conceivably be extended to apply apPI to American indebtedness Indebtedness edness thus making the United States wait alt for tor German payments before England England Eng Eng- land or France pay us But treasury treasur officials sa say this Is ab ab- ab surd The They declare that there is absolutely absolutely no relationship between reparation reparation rep r tion and war Indebtedness The They recognize recognize recognize rec rec- that payments of German Gorman reparation reparation reparation mono money might the payment pay pay- payment ment of ot debts and insist that the tho reparation mone money was never nover Intended to pa pay th the bills of ot the war It itself olt but rather to rehabilitate France Belgium and England and as assist assist as- as in the tho domestic situation of each to the tho extent therefore that Germanys Germany's money mono helps France Franc Internally It will Improve provo the the- whole hole world situation though gh it is feared here there thoro will not be much improvement In respect of oC Franco France until t o latter ceases issuing so much paper money mone and begins to tomake tomake I make maleo her budget balance Incidentally some of the tho talk taik of ot having Ame American l a I Investors absorb German 1 indemnity bonds bondi which aro are to bo issued with the reparation money mon oa as Is 18 pronounced pronounced pronounced pro pro- Impractical I here hero America It ItIs ItIs Is Id asserted cannot absorb an any such bonds bonde as she shoo hasn't the tho money mone CJ R Jed Attitude I Ia Felt Bro Broadly speaking there is the ut utmost utmost utmost ut- ut most satisfaction hero that the tho allies lUles are arc end endeavoring to a agree ree among among- themselves themselves them them- selves before tho thoy tho approach the Germans Germans Germane Ger Ger- mans mane at the Spa conference conference It Il Is felt that the tho allied premiers enter tho the con conference con con- ference with witha a changed attitude toward G Germany Full Fully a a. year has haG had to pass unfortunately IY before tho the allies have have been brought around to a 0 realization realization tion of the correctness correctness of thet the tho tho view viewpoint point t expressed b by President Wilson and his financial advisers at nt the Paris Parla peace conference o namely that tho the sooner a definite sum Bum was ns fixed for forthe forthe forthe the Germans to p pay and tho the sooner arrangements wore made mado to h help lp Germany Germany Ger Ger- mon many earn darn the money hone to pt pas par her debts the quicker tho the word world would woul get gat back backon on Its feet teet Three factors have havo prevented Europe Europe Europe Eu Eu- rope from doing twelve months ago ngo what she is accomplishing toda today First Prime Minister r Lloyd George had made madean an election promise to the general ef effect effect ef- ef teet that Germany Gorman would repay England England England Eng Eng- land for her whole war cost This raised high hopes In England and kept Lloyd Llo-d George in power This election promise Is probably tho the mo moat t t. famous in all ll history and and was was vaguely vaguel y referred toby to tob toby b by President Wilson in his conference with the Senate foreign relations com- com The publication of ot tho sensational sensational sensational sensa sensa- book b by J J. J M. M Keynes British financial adviser r who revealed the BO so- so creta of the Paris conference has had hada a n. tremendous effect on English public opinion which realizes 8 now that the indefiniteness of ot the Indemnity question question ques ques- tion has hai kept and would keep Germany from beginning to earn the mone money to pay her bills The allies know they must acc accept pt a a. much smaller indemnity than the they the they would collect col col- lect Second Franco France was another barrier or rather Premier Clen Clem nc nu who shared shand the view of a a multitude of Frenchmen that th Germany should promptly y rehabilitate France before any money should go g go Clem- Clem Ignorance of economics is spoken of ot by American officials as ns one ono of ot tho the lamentable obstacles to ton an n cart earlier ear car lier r agreement on the indemnity ques- ques t IOn Third tho the United States got tan tangled waited led up In party part politIcs and Europe waited hopefully for tho the ratification of tho the peace peace treaty treat and ancl Americas America's entrance Into the league learue o of nations All An factors ha have han n now w been beon removed except one England is Is read ready to agree tota to toa a fixed sum for the Germans to topa pay payana an ana a method of financing the the Germans Ger Ger- mans France and Italy aro are in accord with tho the British viewpoint The United States State alone is outside the conference chamber and this country country country coun coun- try holds of European I obligations But Europe has decided I that she can wait walt no no longer If It Amen Ameri America ca CEl suffers as a r result of the tho settlement settlement settle settle- ment that is her lookout Europe has hils had enough of election promises and tangles in tho caso case of ot England She Sho doesn't expect ft n. definite policy from America until after our pres presidential election certainly not till next March Unquestionably Bh she eho will advise the tho United States of what is done done but but thus far nr not a a. syllable of ot official information information tion has has- conic for tor the good reason that America has on the inside of ot the conference and until tho peace tr treaty nt is ratified the tho United States government government gov gov- will continue to be on the out opt side aide |