Show PRESIDENT MAY ARBITRATE To Prevent Bloodshed Roosevelt May Assumo Charge Washington Dec 20The developments develop-ments over night In the Venezuelan matter teem to Justify the prediction made In these dispatches that the critical criti-cal point has been passed President Roosevelt does not wish to act as arbitrator ar-bitrator In thlH dispute for as it Is felt here he would be at once Judge Jury and constable and would be under un-der the moral obligation to execute h sown s-own Judgment PRESIDENT MAT ACCEPT The President fuels that a reference to The Ilacuc tribunal would vastly I strengthen the cause of arbitration Still rather than see the present dispute dis-pute proceed to extremes It Is probable JT proba-ble that the President will assume the 1 duties of arbitrator SURE TO BRING ENMITY i It Is fully realized that any decision endeied by him In that capacity would be oure to brlncr to him the enmity of ono or the other of the parties to the controversy and tills fact was pointed I out to the President early In the weel by a leading Senator who had been called Into the consultation MAY ASSUME CHARGE Nevertheless to prevent bloodshed j and the destruction of property and Interference with the great commercial Iritcresta that woud result in loSs It I Is believed that the President would assume as-sume the charge providing his own view cannot prevail ACTION OF ALLIES An Important fact developed today h that the punitive measure about to be Instituted and In fact now In force to some degree will not be suspended > sus-pended by the allies until a definite agreement Is reached as to arbitration arbitra-tion VENEZUELA INFORMED Venezuela has also len told through Minister Bowen that the President would welcome it reference of the dispute dis-pute to The Hague trIbunal While no direct reply has been iccelved It IH I not doubled that the reply would be favorable favor-able If the other powers consented to such reference |