550 E 1/23: Telegram
The Ambassador in Italy (Child) to the Secretary of State
[Received 7:27 p.m.]
19. I am informed that the Italian Government, though evidently anxious to have the United States participate if Genoa Conference [Page 390] proceeds, has cooled toward Conference itself, as it is becoming clearer daily that the economic agenda may and probably will be overshadowed by political interests. I feel safe in stating that any enthusiasm for this Conference is waning rapidly in Italy and in Europe. The presence of Bolshevik representatives and a possible reawakening of social disorder in Italy is now viewed with alarm by many Italian leaders. It is recognized that new French Ministry being embarrassed to decline after Briand’s acceptance can make farcical the participation of France. It is felt that the time is not yet ripe to discuss political problems which will immediately arise in connection with German finance and reparations and the degrees of recognition to be accorded the Bolshevik Government. The political effect of the proposals made in the United States that certain nations conserve and disarm before request for financial favors has been profound. It is thought that if time passes these suggestions from the United States will have effect, whereas participation at this time will render them inert or else will lead to a situation where the United States will have to take a stand too definite and unpopular. The Minister for Foreign Affairs is evidently not enthusiastic for the participation of Russia and is not pleased at political aspect overshadowing proposed economic discussion.
Many foreign heads of mission have stated to me the belief that Genoa Conference will be farcical and have indicated the hope that United States would not permit international financial middlemen to force us into insincere and premature conclave.