Show FRENCH WilL WilLBE WILLBE BE FORCED TO YIELD CLAIM Bitter Pill But All AU Eu Eu- Europe Europe Europe rope Will Benefit From Surrender By WILLIAM 1 BIRD IRD Special European ot of The Standard Copyright 1924 by Thu Consoli Consoli- Consolidated Consolidated Consolidated dated Press Association PARIS July It 26 26 It Is the tai tai- twi twilight light ot of o the treaty 01 ot and th the end of reparations reparation Soc Soc- Sec Secretary rotary Hughes ha has hns mod plain to the allied premiers In London this week thit Americas America's price for ro- ro restoring re restoring storing war shattered Europe lathe Is the abandonment of ot claims which however Justified legally under tho VersAilles treaty are arc 1 hold bold old by fI- fI fi financiers I- I to constitute a menace menaco to peace and therefore to Amer Anler- America's America's ica's Investment In the peace set set- settlement set settlement Secretary hughes has haH not put It so crudely but e oien cien en in III his phrases are arc admitted to mean this when stripped ot of o their po- po polite polIte po polite lite veneer And the Interesting pitt Is that Franco Is 1 to acceptance ot of Am i Am-i lefts leas condi condl conditions conditions so clearly does reAl reAl- reAlIze real real-Izo izo Ize that even at this pike pure pi Ice Ameri Amen American American can aid is 18 Indispensable TO bT b T FRANCE All that the London conference has to accomplish In the coming eek Is the ot of o some formula which will awu Frances France s feelings without Impairing the tho substance of ot what Mr loll Hughes and Prime Minister Macdonald Macdon and American and finan finan- financiers finan- finan financiers ciers regard as necessary safe safe- safeguards safe safeguards guards against another such ad- ad adventure ad od adventure venture as I the Ruhr occupation hen When this formula is Ii found found- found It will vIli be bo no easy molt matter mater tel but It ItIs itis ItIs Is not Premier Impossible Impossible Premier Her Her- Herriot Herriot riot Her riot will return to Pan Pari Paris and lay It before the French parliament which though undoubtedly dis- dis disappointed disappointed dis disappointed appointed will wili have little choice but to ratify it Edonard ili have fulfilled the ungrateful mission of ot administering the bit bit- bitter bitter bit bitter ter pill of oC o defeat to Frances France's pOlicy ot of the last five years yeaTS and he III aili then thon make his exit from the stage of oC world politics TRAGIC FOR OR FRAI CE That Is how sober critics hero here view the tho situation It Is tragic for tor France but Inevitable France will be left lett with Ith tremendous war debts both Internal and e eternal and little prospect of ct German po ments for tor no matter how well the Da Danes Dawes e plan may work nor how large the reparations bank bankIt It will be Impossible to transfer large largo amounts amount across the frontier without again upsetting GermAn exchange which Is pi plo plo- pio 0 what shat hat the bankers will not tolerate One consoling compensation Is laseen seen namely that the name acme nat nat- natural natural nat natural ural law laws which prevent nt from getting payments from Irom Ger Ger- Ger- Ger Germany Germany Germany many will also aiM prevent pro ent the United States and England from tram getting war debt payments from France France has hae hence honce fOI tn a ready answer to Saxon Anglo-Saxon govern govern- governments ments when they demand debt pa ments All she will need to say Is Please send the Dawes committee over o to decide how these payments pa ments can be trans traits transferred But even supposing foreign debts aro are admitted to be Franco will alit hav have a tear fear fearful tearful ful tul bur burden len of oC Internal debt to discharge as bet beet she abe may A large part of at war expenses as well as all 1111 reparations costs and most of oC the tho pension costs during the tho thelast thelast lat last five years have been coy coy- covered cov covered ered by International loans at high Interest based on the ex- ex expectation ex expectation that Germiny would eventually pay WILL VILL HELP A ALLOn ALL ALLOn Ir On the optimistic bide side there I are many Frenchmen chiefly among the big industrial Interests ho ho believe bellevo the sooner the tho reo re- reparations re reparations question Is la 1 wiped l cd oft off the calendar the better It will be botor for Franco France as well ell eli aa as the rest ot of Europe Settlement ct If f the in- in incessant In Incessant wrangling between beten bet en France and Germany and bet bets between eOn een France and England gland and abandonment of oC false Calse hopes of ot Geiman GOlmar payments will enable all Europe Europa they hold to get down to work en n the tho heals ot of present realities Instead of Chimerical future futuro prospects Notably Franco France and Germany will willbe willbe be enabled to operate co-operate In a man man- manner mannor manner ner nor they never have been heen able tol tOI do before and the result It ItIs Iti Itla Is i confidently eXp expected ted tod will be bo un- un unprecedented Unprecedented un unprecedented prosperity for Cor both The Tho Influence of ot m men n who hold these slows will be bo a largo large factor In securing a 0 majority In the French parliament for tor or the agree I ment willbe ment which In all ahi will wUl be signed In London before tile the end of ot next net week eek |