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Show ALLIES UNABLE 10 FA! THFIH DhBTO REPORTED MORATORIUM OF ALLIED LOANS OWED AMERICA PLANNED BY FRANCE. Un.t'-d States to be Informed That Allies Are Unable to Meet American Ameri-can Loan When DuL, and Renewal Re-newal Will be Requested. New York. A cible f r-..ni a special coir, poi.d. hi ;.t I'uris of a New Vork - -spupiT ile.-liii-.-H ih.,1 a week's hi -M-i bin;,' Inijiiiry has revealed the f.,r that not a .singlo member of the French diploma I ie corps Is abb; lo deny that there are thorough 'oin plum afoot for a "moiatoriiim" of Lho allied debts owed to the Fulled Stales. Needless to say, extreme reticence re-ticence Is being observed In official Quarters here toward all efforts lo obtain ob-tain a flat confirmation of the plan. IIS promolr, It is believed, prefer to launch It as a bombshell at the forthcoming forth-coming Inlprallled conference at Urus-fccls. Urus-fccls. Allies Unable to Pay. The Fnlted States will only bo unofficially un-officially represented at that conference. con-ference. While It Is not bellaved that actual repudiation of the entire total of $ 10,000,000,000 owed the United Stales Is contemplaled at present, It Is learned from the highest sources that the Interallied economic commission now In session is devising a plan tinder which It Is Intended to urge the Brussels conference to Inform the Fnlted Slates In the plainest possible language that the allies are unable to pay thu American loan when it is due, in October, and to "request" the Washington government to renew the Issue, probably for two years. ty that time, It Is Imped sufficient funds will have been collected from (lermanj by way of reparation Installments to settle set-tle the debt to America. Passive Resistance Planned. Should the Fnlted States again refuse re-fuse to listen to such a proposal, it. is understood the allies will adopt a policy of "passive resistance," simply taking their own time In repaying whatever they owe America. In diplomatic diplo-matic circles the theory Is advanced however, that the United States will be obliged to accept the proposal because, be-cause, they argue, it would not hi practicable for America to enforct payment. |
