Show ALL ALLIES ES UNABLE TO PAY flYTH THEIR B DEBTS REPORTED MORATORIUM OF ALLIED LOANS OWED AMERICA PLANNED BY FRANCE I 1 I United States to be Informed That I Allies Are Unable to Meet American American Ameri- Ameri Amen Ameri can Loan When Due and Re newal Will be be Requested New York A A cable from a special correspondent at Paris of a New ew York newspaper declares that a weeks week's searching Inquiry has revealed the fact that not a single member of the French diplomatic corps Is able to deny that there are thorough-going thorough plans afoot for a moratorium of the allied debts owed to tho the United States Needless to say extreme reticence reticence reticence re re- re- re Is being observed In official quarters here toward all efforts to obtain obtain ob ob- ob- ob tam tain a n flat fiat confirmation of the plan Its promoters It Is believed prefer to launch haunch It as a bombshell at the forthcoming forthcoming forthcoming forth forth- coming conference at Brus Brus- sels Allies Unable to Pay The United States will only be unofficially un un- officially represented at that con con- ference While it Is not believed that actual repudiation of the entire total of owed the United States Is contemplated at present It is learned from the hl highest hest sources sourcE'S that the economic commission now In session is devising a plan pian under tinder which 1 J. J it Is J Intended te d to ur urge e ethe the Drus Brussels els conference to Inform the United States in th this plainest possible l language e th t ilie the all allies lc ar are u unable pay the American loan when It is Is due in hi October and to request the Washington government to renew the Issue pr probably bably for two years ears By that time it Is hoped sufficient funds will wilt have bave been collected from Germany by byway byway byway way of reparation Installments to settie settle settle set set- tle tie the debt to America Passive Resistance Planned Should the United States again refuse refuse refuse re re- re- re fuse to listen to such a n proposal it is understood the allies will adopt a policy of ot passive resistance simply taking their own time in repaying whatever they owe America In diplomatic diplomatic diplo diplo- matic circles the theory Is advanced however that the United States will willbe willbe willbe be obliged to accept the proposal because because because be be- cause they argue It would not be practicable for America to enforce pa payment |