Show i The Chief Obstacle j pREMIERS and politicians of Europe beV beginning be be- V ginning ginning- work on ott the Dawes re readjustments adjustments in Germany and Euro in genera general gen gen- era eral received d quite a setback when ThomasW Thomas W. W Lamont Lament one of Americas America's foremost bankers bank bank- ers who is ls representing American banking interests interests interests in in- at the conference came out point pointblank pointblank pointblank blank and rand said that that our bankers wouldn't touch any of the proposed loan to o G Germany rm ny without much better gu guarantees than had so far been suggested It was very very much different from the times when the American government was passing out billions to European nations for an I. I O. O U. U Of course that money was raised through the th sale of Liberty bonds to the American people e at large and may account tt to some sone extent for the generosity of th the loans Now an American banker and not a politician or statesman must be dealt with by the EUropean European European Euro EUro- governments and nd bankers are not in the habit of loaning millions without adequate assurance assurance as as- that it li t will will be pa back at the time I due 1 I V Among guarantees guarante Mr r Lamont insisted upon was one that Ul the Ruhr must be V VV V The ministers ministers' received ed this ultimatum I with keen disappointment and some feeling a London paper st states tes Also American bankers bank bank- bank I ers objected to loop loopholes otes' otes where the French for or political reasons reasons could occupy further territory outside of loan considerations In other words Mr Lamont wanted wanted assurance as- as s urance that Germany would be given industrial industrial indus- indus trial rial freedom to to recuperate and be able abre through the benefits of the loan to expand and recover to such an extent that the country could repay the loans This is not noto notto notto to o Frances France's s liking France realizes that a aGerman aGerman aGerman German nation industrially recovered would be another menace at her door It is Frances France's fear ear of a German war of revenge that is holding up the peace of Europe V |