this afternoon. Tn this connection the
Italian view of the general situation is
j ""u'^the Carlton Hotel the Italians
said the whole financial world and
Inot Europe alone is concerned oser
llhe two questions?reparations and
war debts. These two question are
so linked that they are practically in
divisible. The creditors of Germany
are debtors of the allied and associated
Towers, said Dr. Giannini. head of the
Italian financial mission. ?ho has been
attached tx> the peace conference sine j
1M'The real solution to the question " j
he said, "la to d? found in 'Lords
Prayer.' As a matter of fact. Oer
many is only a*ked to pay according
I to her capacity in making reparations. |
I But the Allies are requeued to pa.
their war debts in full without re
sard to their capacity. This is not as
U -hould be. It -hould be a question
of capacity all around. Under pr<>
| ent condtttonS the position of the
i world is disastrous. as the world is go
in* through an enormous Industrial
. crisis and an exp*>aalon of this crisis !
in to be found in the state of foreign
exchanges.
| -In order to put this right t.ie worm
I needs some financial *v*au??mentwlilch
: will be not only a financial help but
So a moral aid. The United Stat- ,
really has the key to the whole situation
lln her hands. The Ideal method.of ;
i course, would be a mutual caTKiellatlon
of debts. Italy is not asking th.s to
day but sh? does hope that some ar
ntngement may be quickly made which j
will ease the situation Of'course it is
not known, but it may be that Mr. Har
ding will h*ve something to say in hi.
