Show a I Moratorium of Allied Loans Loans' Owed America I. I Is Planned By France I By C. C F. F Bertelli I 4 0 I. I t V Stiff C Correspondent spon Special Cable Coble Dispatch P PARIS ARTS Juno June 27 A A weeks week's searching inquiry has bas re revealed the thc fact that not a single sint member of the French diplomatic corps is able to deny that there are ares arel thorough-going thorough plans afoot for a moratorium of the tho allied allied al al' al- al li lied debts ow owed d to the United States first reported exclusively ely i by Universal Service early last week N Needless to say extreme re reticence reticence re- re Is Is is' being observed official In-official quarters here toward all efforts to obtain a flat rIat confirmation of ot the plan It promoters It is believed prefer to launch It as a a. at tho the forthcoming forthcoming- conference conference con con- ference terenca at Brussels Unable to Pay The United Stat States s will only be unofficially represented at that conference While It Is not beHoved be- be 1 loved that actual repudiation of the entire total of or owed tho the United States Is contemPlated contemplated contemplated plated at present pres-cn pres t. t Universal Service Sen- Sen ice learns from the highest sources that the tho economic commission commission com corn mission now In session here is de devising devising de- de a plan under which It Is la intended intend d to urge the con conference ference to Inform tho the United States Statu in the plainest possible language that the allies are unable to pay tho the American loan Joan when it is due in October and to request the the- Washington government to jo renew the issue probably for tor two years rear By that time it Is hoped op d sufficient funds will have been be ri collected from Germany by way of ot reparation In In- to settle sette the debt to America Planned Should the United States a again refuse refuse- to listen to such a a proposal it is understood tho the allies will adopt a a. policy of passive resistance resistance resistance resist resist- ance simply simply- taking their own time in repaying whatever they I owe America In diplomatic circles I Ithe the theory Is advanced however howe I that the United States will Rill be FRENCH CERTAIN TAIN I OF U. U US U.S. S. S LENIENCY By ANDRE TARDIEU Who ho Wn Va One of af tile the French Pence Delegate By BJ lee Sen-lee m I Parts Pum J June Jane JuneI be 27 I. I am em absolutely absolute ly IT il certain on t the strength of ax JUl- JUl I ura er Try liy the American Americas p pence peace ee commUnion that America A I Will will UI not noi exact P payment of the thc French loan Joan I By Ily T Member ember of the thc French Finance Co Comm mm Union Paris Part June JuDe 27 Postponement nt of the French Anglo loan owed the United State 1 ii absolutely In Inevitable In- In evitable because France cannot pay until be he gets get the tile first In Installment In- In of the German DI- DI obliged to accept the proposal be be- be because because cause they arsue arg e It w would ld not be practicable le for for Ar America l to enforce payment to Meanwhile the French finance mm minister ister M. M Marshal Marshal has practically ad admitted d in the chamber chamb chamber cham cham- b ber r- r rf of f deputies during the week Just d that the the recent recent s sensa sen- sensational na- na decline of the thc dollar d was due to gov governmental Influence en e. e th the French authorities evidently being bein determined to force the tho franc up by every meo means In their power In Continued on Pago 3 L MORATORIUM SOUGHT OF U. U S. S BY FRANCE Continued From Page 1 1 1 order to fri frighten America Th The belief belet prevails prevail pre h hero ro that all al trade on a lar largo large o scale between Europe and America merica Is virtually Impossible lc until exchange values alues have hac re returned returned returned re- re turned to normal Measures 1 Already Irn In Jorr The panic on tho thio French bou bourse c cla la last April Apri it J Is 18 now admitted w was as due to the same samo governmental In Influence Influence influence In- In fluence while the recent ban on importations which importations which In reality Is no ban at all because beuse permits permits permits' arc read readily I obtained was obtained was designed Corthe for Cor forthe forthe the same samo purpose In American quarters It Is commented com corn upon as significant that thaI the French government so 50 far tar has refused to purchase dollars towards I meeting the tho debt to America ex expiring cx- cx in October of this year I IThe The hl highest financial authorities les in France admit that there Is not nota a single economic reason for or Justifying Justi just II IIa Cing the rise of or the franc an ad admission admission admission ad- ad mission which is taken to confirm I Ithe the theory that tho the downward i trend of the dollar Is 18 duo due entirely extended I to Go erm government nt pressure as a cub club to force Corce the the United States to extend the loan 10 1 I |