Show BLUES ALLIES UNABLE TO PM PAY THEIR DEBTS nE REPORTED PORTED moratorium OF ALLIED LOANS OWED AMERICA PLANNED BY FRANCE united states to be informed that allies are unable to meet amerl can loan when due and re newal will be requested sted now new york A cable from froin a special correspondent tit nt paris of a new york newspaper declares that lint a weaks searching inquiry tins lins revealed the fact that not it single member of I 1 thu lie french diplomatic corps Is able to icily deny that there are thoroughgoing thorough going plans afoot for A moratorium of tho billed allied debts owed to tile the united states needless to say extreme reticence Is belne being observed in official quarters hero toward nil all efforts to obtain tain n flat confirmation of tile the plan its promoters it la Is believed prefer to launch it as a bombshell at tho the forth coming conference at brussels ailles unable to pay the united states will only be unofficially represented nt at that lint conference while it la is not believed that actual repudiation of tile the entire total of owed the united states Is ili contemplated at present it Is learned from the highest ahli birst sources that tho the economic commission now in session la ili devising a plan under which it Is Intent intended led to urge the brussels confer conference enco to inform the united states in the plainest possible language that the allies lire are unable to pay tile the american loan iona when it Is 19 due in october and to io request tile the washington govern government ovorn ment went to renow the ho issue probably for two years yeara by that time it Is hoped sufficient funds will have been collected from germany by way of reparation installments to settle tile tha debt to america passive resistance remittance planned should the united states again refuse to listen to such euch a proposal it Is 11 understood the allies will adopt a P policy of passive resistance simply taking their own time in r repaying pitying e W whatever they owe ow america in diplomatic circles the theory la Is advanced however that the united states will bo be obliged to accept tho the proposal bo be cause they argue it would not bo be practicable for america to enforce payment |