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Show News Review of Current Events the World Over Congress, Eager to Adjourn, Passes Relief Bill Designed to Suit President Meaning of Lausanne Agreement Agree-ment New Franco-British Accord. By EDWARD W. PICKARD SPEAKER GARNER, having established estab-lished his pet campaign issue of government loans to lnaividuals. was content to let stand President Hoover's yeto of the Wagner- ST'' ?"-"! , 3 Garner relief hill contra con-tra a&vvvrv n f 'a'D'nS that feature. i3 attemp was made V- in either house or sen- x sVtj' ate t0 pass tne meas" L ure over tne vet0 an,j ' I? D0"1 chambers speed- ily prepared and sriirj passed new hills de-'JwVl de-'JwVl signed to conform in ijJ-'J 'he main tc the Pres-k.iiiOfJSMa Pres-k.iiiOfJSMa ldent's wishes. Mr. Sen. Wagner Garner, assuming "that most of you gentlemen would like to go home," fixed things so the two bills were sent to immediate conference so the differences dif-ferences could be Ironed out and congress con-gress could adjourn. In the senate the remaking of the measure was managed largely by Sen ator Wagner of New York. One amendment adopted at the instance of Senator Glass would permit federal reserve hanks for a two-year period by vote of the federal reserve board and in "unusual and exigent circumstances" circum-stances" to make loans to any individual indi-vidual or corporation unable to secure credit from other banking institutions. This at first was repugnant to the President but he changed his mind over night and Informed Senator Glass would not object to its inclusion in the measure. In other respects, save for minor variations, the meausre Is much the same as the one Mr. Hoover vetoed, with the Garner loan clause omitted. GREAT BRITAIN and France announced an-nounced a new understanding, known as a "confidence" accord, which the French regard as a renewal of the entente cordiale. Thej agree to work together for the restoration of Europe and to keep each other mutually mu-tually Informed of questions coming to their notice similar to that "now so happily settled at Lausanne." Sir John Simon, telling parliament of the accord, said flatly It has nothing noth-ing to do with the war debts due the United States from Britain and France, adding: "If the French people peo-ple believe such Is the case they will be quickly undeceived." On the other hand, when Premier Herriot announced the agreement In Paris he declared that Great Britain cannot now undertake under-take to negotiate a new debt settlement settle-ment with America without first consulting con-sulting France. Simon said the pact was not Intended to be exclusive and that Germany, Italy and Belgium had been Invited to associate In Its pro-Tislons pro-Tislons with France and Britain. EUROPE Is saved again, subject to ratification of the Lausanne agreement, as Wintson Churchill declared- In the British house of commons. com-mons. And ratification ratifica-tion is subject to can- fC?8?! cellatlon or heavy re- jf v B" ductlon of the war - . J debts the European ' A nations owe the Unit- ? rf vJ.v ed States. No Euro- j i&y fv pean power has dl- - ' - rectly proposed to the - j United States a re- X v j vision of those debts; -.J but such action Is vJ hoped for and even 1 expected by states- Winston men of the former al- Churchill lied nations of Europe. Eu-rope. The sentiment In Washington Is absolutely against cancellation. That, In a nutshell. Is the status concerning the pact signed at Lausanne Lau-sanne by the European powers whereby where-by Germany Is to be relieved of all obligations In the way of reparations on payment of a lump sum of 3.000,-000.000 3.000,-000.000 gold marks about S714.0O0,-000. S714.0O0,-000. At the same time that they Initialed this agreement the representatives repre-sentatives of Germany's chief creditors cred-itors signed a secret "gentlemen's pact" that their respective parliaments parlia-ments would not ratify the treaty until un-til the United States had reconsidered reconsid-ered the question of reducing the debts due her from Europe. And If America's decision Is adverse to such reduction, the Lausanne treaty becomes be-comes of no effect and the reparations repara-tions situation reverts to its former status under the Young settlement. The German government declared Germany had nothing whatever to do with the gentlemen's agreement. Churchill vigorously attacked the whole proceedings at Lausanne. He said that, from bis knowledge of public pub-lic opinion In America, he believed "no more unfortunate approach toward to-ward debt cancellation could have been made." Prime Minister MncDonald and Chancellor of the Exchequer Chamberlain Cham-berlain both replied to the attacks of Churchill and others. The latter said : "We are still ready to cancel all debts due us. If the United States should decide to cancel all debts due her our offer Is still open. If America still feels she must ask us to pay more than we have received, we must consider what we are going to do. Before we know what America will propose to do In the matter It would be unreasonable for us to consent con-sent to cancel the debts of our European Euro-pean allies." Though the Lausanne agreement reduces Germany's liabilities in the way of reparations to about one per cent, it dues not remove from Germany Ger-many the stigma of having been solely sole-ly to blame for the World war. Therefore There-fore It Is rejected by Hitler's Nazis and Is distasteful to the Nationalists. Hitler declared that the new treaty "will not he worth three marks within six months." The German cabinet approved Chancellor Von Papen's action ac-tion in signing the treaty. A G REE ME NT with the govern- nients of the Dominion of Canada Can-ada and Ontario on the St. Lawrence seaways project was on the verge of being completed, but l:,ifl presumably would : not be In time for ac- , '.. . tion by the senate at this session. Premier .c,.; Henry of Ontario '0'f. said it would he lWti:'f'M signed "within a j'fev:S:-i3 iV(l'k or so." Presi-k Presi-k dent Hoover had di- :''!; rected the efforts to : ;: -';:S; ;v: bring the matter to ' a speedy conclusion, Hanford and Hanford Mac-MacNider Mac-MacNider N I d e r, minister to Canada, was In Washington Wash-ington assisting the State department In the negotiations, in which Secretary Secre-tary Stimson, Canadian Minister Her-ridge, Her-ridge, James Grafton Rogers, assistant assist-ant secretary of state In charge of the St. Lawrence plan, and John Hlcker-son, Hlcker-son, the deparement's expert on Canadian Can-adian affairs, were especially active. An Interesting incident was the offer of-fer of Gov. Franklin D. Roosevelt to go to Washington and help President Hoover in expediting the negotiations. The President Immediately and politely po-litely refused the offer, advising the governor to go ahead with his vacation va-cation cruise because "international treaties fall under the Jurisdiction of the federal government." GOVERNOR ROOSEVELT did proceed pro-ceed with his cruise, sailing with his three sons up the New England coast and bearing a figurative olive branch at the masthead, for he was In Al Smith waters. His 38-foot yawl. Myth H, put In for the first night at Morris cove near New Haven, and proceeded thence to Stonington, Conn. There he met J. Harold McGrath, Rhode Island state chairman, and others from that state, to whom he said: "I not only fully understand but greatly appreciate Rhode Island's standing by our old friend Governor Smith In the convention, and 1 know now 1 am going to receive the same display of loyalty." His visitors assured him he would carry Rhode Island, and In further conversation Roosevelt made It plain that he was glad to forget past dissensions. dis-sensions. The governor's next stop was at Wood's Hole In Massachusetts, and there, too he made a bid for support from Smith's strong friends. Continuing Contin-uing along up the coast in leisurely fashion, he was due" to reach Hampton Beach, New Hampshire, on Sunday, and there fire the opening gun of his campaign. u IMMEDIATE" does not mean now In the lexicon of the Democrats In the senate. Twice they were given the opportunity to vote for immediate legalization of beer, in accordance with their national party platform, and twice they refused. Their intention, now achieved, was to put off the test until after the November election. Their excuse was that they should not be called on to vote on the proposition until an authoritative definition of an Intoxicant could be obtained. Senator Sena-tor Bingham's beer bill was burled In committee, and later Senator Shep-pard Shep-pard of Texas prevented consideration of a resolution offered by Bingham Instructing In-structing the surgeon general of the United States to poll leading physicians phy-sicians and physiologists as to their opinion of what constituted an Intoxicating Intoxi-cating beverage. Ashurst of Arizona then took a hand. "The senator from Connecticut," he chided, "has been attempting to do what he called test the sincerity of the Democratic senators.' Never did he apply a true test. Let me tell him how. Let him Introduce a Joint resolution reso-lution proposing to amend the Constitution Consti-tution by abolishing the Eighteenth amendment and let the roll be called. There will be no attempt on the part of the Democratic senators to avoid their platform." Whereupon the wily Bingham Immediately Imme-diately produced Just such a resolution resolu-tion and asked unanimous consent to call it up for action Senators Robin son and Watson, minority and majority ma-jority leaders, agreed this was not the proper occasion for such a measure, so the resolution remained on the table. ON MOTION of Senator Couzens of Michigan, the senate appointed a committee of five senators to investigate investi-gate loans by the Reconstruction Finance Fi-nance corporation. The inquiry will be conducted in secret and a report will not be made until next January. Administration senators threw their support to the Couzens plan to head off a resolution by Senator Norris of Nebraska for Immediate publicity of all loans. Critical references were made during dur-ing the debate by Senators Couzens and Norris to an SSO.000,000 loan by the corporation to what was called "the Dawes bank" In Chicago. WHETHER Smith Reynolds, young heir to the great tobacco fortune, for-tune, committed suicide in his home at Winston-Salem, N. C, or was murdered mur-dered is still unset-Tyf'i. unset-Tyf'i. -1 tied. The coroner's Jsjl Jury found he came P&eslii bands of "persons un- yi S " known'" an1 so Dis :; wj(OWi the former w ' Liby Hoi man of ( fX'K - stage fame, and his ' f??' 'St chum and secretary, llillll'i? Albert Walker, were WiSMWf!::;'M set free by the police, a,-:-:,: j.j Sheriff Transou Mrs. Reynolds Scott says the case Is by no means closed, and the authorities will continue their inquiry into the suspicious circumstances circum-stances surrounding the tragedy. The case is sensational in the extreme ex-treme and the details have filled many columns In the newspapers. Mrs. Reynolds, weeping and near collapse, departed from Winston-Salem Winston-Salem with her parents for Cincinnati, Cincin-nati, their home, and was expected to go from there to some secluded place in the mountains. Leading lawyers agree that her unborn child, if born alive, will be a legitimate heir to the $15,000,000 left in trust to young Reynolds by his father, though there is a possibility that this child's chance to inherit might be eliminated eliminat-ed by a $1,000,000 settlement which Smith Reynolds gave his first child when her mother obtained a divorce. In any case It does not seem that Lib-by Lib-by Holman Is due to receive any considerable part of the big estate. PERU experienced an attempt at revolution when a lot of civilian Communists led by army officers rebelled re-belled against the government and seized the important commercial city of Trujiilo. But within a few days loyal troops had bombed them into submission and recaptured the city. Brazil was not having so easy a time with a revolutionary movement that broke out In the state of Sao Paulo with the expressed Intention of overthrowing the government of Provisional President Getullo Vargas. The city of Sao Paulo was occupied by the insurgents and it was reported that they had been joined by federal troops sent against them. OVER in Belgium the government was having a serious time with striking miners led by Communists. There were several bloody conflicts between them and the troops, especially espe-cially In the Charlerol area, and there was danger that a general walkout of workers throughout the country would ensue. Factory hands In the Flanders textile region were joining the strikers. King Albert returned re-turned from a vacation In Switzerland Switzer-land to take charge of the situation. ON JULY 21 there will open In Ottawa the economic conference of the British Empire, which give. promise of being one of the most Important Impor-tant gatherings of Its kind ever held. Al- ' 3 most one-quarter of jVv the world's population i 1 will be represented, B , and it Is the hope of x Britain that the con- '"H ference will succeea & f" f , " t In diverting about M "'y- one-third of the Ki, Af world's trade to Great A Britain and her do- ' 4" ,? minions to the disadvantage disad-vantage of the Unit- R. B. Bennett ed States, Argentina Argen-tina and other countries now holding a considerable share of the British commonwealth trade. This hope. In the opinion of competent observers, will scarcely be realized. R. B. Bennett, prime minister of Canada, is hos,t to the conference, and he has this to say of its objects and ambitions: "The Imperial Economic conference confer-ence should devote Its energies and abilities, with a common purpose and whole-hen red eal. to deepening the channels of Intra-lmperial trade by Judicious adjustments of tariffs and other measures, which will aim to create a larger volume of mutually profitable trade between the different units of the empire than now exists, and to make their unrivaled resources available in greater degree for the diffusion of a higher standard of well-being well-being among Its citizens than they now enjoy." Among the highly Interested unofficial unof-ficial observers will be those from the United States, eager to know what will be the results of the present tariff law that Is aimed largely at Canada. It Is known In Ottawa and In Washington Wash-ington that Mr. Rennett Is ready to say to the English delegates: "Give us a preference In your market and we will give yon free entry of goods not produced in the Dominion." Which would be a sad blow to the United States business man If It were nor for the fact that the English manufacturer manu-facturer wonld he handicapped by tran- vortatlon charges. (3. I9S1. Western Nspapr Cnloa.) |