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Show News Review of Current Events the World Over France and Cermany Create Joint Trade Commission Young Chinese Clamor for War With Japan Hoover's Economy Plans. By EDWARD W. PICKARD BICT'I Kit In Kurope. worse In Asia, lltllo change In America. So might he summarized the political and eonomlc weather refjort of tlie week for the world, first "'."1 place among the ' " ' events In Kurope p . goes to the friendly i visit to P.erlln of jw V yZZ. Premier I. aval and , - i x Foreign Minister I I-irland of France. "Cs'-'vJ They were In the ' C rmnn capital two fev days, and out of their r;i conversation with L.J..ttiiJ ('resident Von (lin- ., donburg, Chancellor President Von ,,,., nn(, Kor. Hlndenburg. Minister Curtius grew a permanent mixed commission to pool the economic activities of the two nations. This hody will he con-millative con-millative and will Include both employers em-ployers and employees, and according to the ollicial communique its general purpose Is "to fight the economic crisis and to call for eo-oporation from other nations whenever necessary. This action ac-tion will be the first step to co-operation which has become the need of the hour am In which nil are called to participate." When one considers that France and Germany have been bitter rivals for centuries and often active enemies, this result of the Berlin visit Is remarkable. re-markable. The commercial entente that Is being forced may well make future wars hotwjen the two nations Impossible. The commission will seek to promote trade and export agreements agree-ments that will bring on a joint search for new markets. Its sponsors aver that no Increase of customs tariffs Is expected and that no third party is aimed at by the pact. The immediate object Is co-operation In finance, Industry, In-dustry, shipping and aviation. When President Von Llindenhurg was told the French statesmen were to call on him, the old warrior at first balked because his name Is still on the allied list of World war "criminals." second only to that of the ex-kaiser. Finally Bruentng and the French ambassador, Andre Francols-Poncet, persuaded him to receive the visitors, and the meeting meet-ing passed off without friction. Premier (.aval, when he comes to Washington In October, will submit the Franco-German agreement to President Presi-dent Hoover. It was Intimated In Berlin Ber-lin that Chancellor Rruenlng also may come over to see Mr. Hoover and lay before him Germany's viewpoint on war debts and reparations. TUUCE In armaments for one year, beginning November 1, Is the present pres-ent aim of the League of Nations disarmament dis-armament committee. Modifying the Itnllan proposition to meet the objections objec-tions of the majority of the league members, the committee adopted this resolution : "The assembly requests the governments govern-ments Invited to the disarmament conference con-ference (to be held In Geneva next February) to prepare for this event by means of an armaments truce and accordingly requests the council (of the league) to urge the governments convened to said conference to give proof of their earnest desire for a successful Issue of efforts to Insure and organize peace, and without prejudicing preju-dicing the decision of the conference or the programs of proposals submitted to it by each government, to refrain ' from any measure involving an Increase In-crease in their armaments. "It likewise requests the council to ask the governments to state before November 1 whether they are prepared pre-pared for a period of one year, as frou that date, to accept this truce In armaments." OUT In the Far East the dove of peace was getting hard usage. Trospects for warfare between Japan and China were little lessened by the efforts of President Hoover and the de- - 1 elded flabby doings of Nyk the League of Nations t, council Japan, through Its league del- . w, ij egate, M. K. Toshiz- ?WV sx - awa, turned down fiat- x f J ly the plan for an In- ternational commis- f,, - sion to Inquire Into the facts In the -i Manchurian row, the fcaii&w .-J . . delegates' words be-ing: be-ing: "Foreign particl- C- Wan8-pants Wan8-pants in the discussion are useless and my government does not think It necessary to call in outsiders." He asserted as-serted Japan desired to withdraw Its troops to the railway zone as soon as It was convinced Its civilian population popula-tion would be safe without their protection, pro-tection, and added that Japan did not want war with China. Neither does the Chinese government govern-ment want war, apparently, but the Chinese people, especially the students, are clamoring for hostilities and for a nation-wide boycott of Japan as a preliminary. Because they thought Foreign Minister C. T. Wang had failed In the effort to get help from the League of Nations, the students In Nanking invaded the foreign office and attacked Mr. Wang, injuring him serjrely. After this outrage the min ister carried out his long cherished desire to resign. Alfred Sze was appointed ap-pointed to succeed him. The young Chinese, gathered In big mobs, assailed Japanese civilians In various cities, the worst of these outbreaks being in Hongkong. The British garrison there was called out and charged the mobs repeatedly, killing and wounding a number of the rioters. Throughout the country the students were organizing organiz-ing and volunteering to serve at the front against Japan. Meanwhile the Canton rebel government continued Its negotiations for the union of all factions to meet the emergency. JOV coming home to the United ' States, we read that President Hoover is hard at work pruning down the cost of the federal government in the effort to meet r'' -- H the prospective treas-L treas-L tmtt j UM deficit of between f a billion and a billion p: and a half dollars. St h According to Wash- , . J mgton dispatches, his A. M program contem- ; ; plates a limited In &" crease In taxes, ri- V j goious economies In k M government expendi- tures and congres- sional appropriations oen. Hale. , . , , and continued borrowing bor-rowing at lowest interest rates In many years. The Interest rate on the public debt, It was pointed out, Is much higher than the rate that can be obtained on treasury paper at the present time. On Tuesday it was announced that Mr. Hoover had decided to eliminate the naval building program laid out for the 1933 fiscal year and. In addition, addi-tion, to cut down the destroyer program, pro-gram, already appropriated for, from eleven ships to five. Reductions for the navy over the next three years, it was stated, stand to run as much as one hundred million dollars. This certainly will be a terrible blow to Senator Frederick Hale of Maine, chairman of the naval affairs committee, commit-tee, and those of his colleagues who belong In the "big navy" class. Whether Wheth-er they can do anything about It re mains to be seen. Navy officials, without with-out wishing to be quoted, point out that if Mr. Hoover's economy plan Is carried out. our navy will sink to third place by the end of 1932, when It will rank below that of Japan In all but capital ships, tt may be remarked, re-marked, too, that it doesn't do much good to the steel concerns, the shipyards ship-yards and their employees. SENATOR JAMES E. WATSON of (ndiana, majority leader of the senate, has called to the attention of President Hoover the fact that higher tariff rates may be necessary to protect pro-tect American industries from the depreciated de-preciated currencies of nations that have abandoned the gold standard, these now Including Denmark, Norway Nor-way and Sweden. Mr. Watson says he believes that if the depreciated currency cur-rency program continues for any length of time, the tariff rates of the Hawley-Smoot tariff act will he abrogated abro-gated and it will be absolutely necessary neces-sary to raise the rates from 20 to 25 per cent to overcome the lower production pro-duction costs In countries now on the double currency standard. Canada already al-ready has taken such action. There Is still a lot of agitation for the sales tax which Senator Reed of Pennsylvania advocates, but treasury officials are quoted as saying there is small chance for congressional approval ap-proval of the plan this winter, though they admit it might be workable. The treasury is opposed to balancing the budget through borrowing over any extended ex-tended period of time, or to even temporary tem-porary suspension of the sinking fund, which provides for an "orderly retirement" retire-ment" of the public debt. FOLLOWING the example of United States Steel and other big corporations, corpora-tions, the Aluminum Company of America announced a 10 per cent reduction re-duction of salaries and wages effective effec-tive on October 1, throughout the company com-pany and all Its subsidiaries. This concern is owned almost wholly by the Mellon family. Secretary of the Treasury Mellon, still a stockholder, Is said not to have been Informed that the cut was coming. He declined to make any comment. This action by the Aluminum company com-pany further aroused Congressman Wright Patman of Texas, who already had announced he would seek during the next session of congress to have Mr. Mellon removed from office because be-cause of his stock ownership in corporations. cor-porations. Patman says he has been working all summer gathering data to support his resolution for the impeachment impeach-ment of Mr. Mellon. The secretary, he asserts, is "directly Interested in the business of trade and commerce" within the meaning of the old law he will cite. "Mr. Mellon relinquished his position posi-tion on the board of directors of the Aluminum company," Patman said, "but, as a stockholder, he directs the board.' His brother represents him." Among the other large concerns that have Just reduced salaries or wages or both are the Delaware, Lackawan na & Western railroad, riie United States Envelope company and Fairbanks, Fair-banks, Morse & Co. The .Norfolk ft Western railroad has taken a step that will win wide approval. Hereafter It will not employ any married women, and any woman employee who marries mar-ries will automatically lose her Job. GEN. SMEDI.EY BUTLER was not the only eminent American soldier to retire from active service at the end of September. MaJ. Gen. William I.as-siter I.as-siter also went on the fl'-f'; retired list, after i i'" more than forty years of military service, . his last post being s commander of the de- v ' .-W partment of Hawaii. '. He had served his country In so many '. foreign lands that he - was known as the i army's premier globe- troiter. Born In Petersburg, MaJ. Gen. Va c, years Lassiter I.ry-siter, when eight-teen, eight-teen, was appointed to the United Slates Military academy, where he graduated four years later. He first faced fire during the Spanish-American war. An unusual amount of Lassiter's service has been abroad. He has served three times In the Philippines. He was Inspector-general of the Cuban pacification In 190S and 1909. In 1010 he visited China, Japan and Korea on leave. During the World war Lassiter served in France. From 1923 to 192ti he commanded the Panama canal department. de-partment. At tiie end of his duty there he was ordered to Souih America Amer-ica as president of the plebiscitary commission on Tacna-Arica. In the same year he visited Europe and shortly afterward was assigned to the Hawaiian department. CERTAIN politicians who have been trying, usually for their own selfish sel-fish ends, to create a boom for the nomination of Calvin Coolidge next year by the Republicans received a quietus In the shape of an article by the former President published by the Saturday Evening Post. In this he quite definitely denied any idea of seeking the nomination or of accepting accept-ing it if offered, and urged that all good Republicans support Mr. Hoover's Hoo-ver's candidacy for a re-nomination. GOVERNOR GENERAL DAVIS of the Philippines has decided not to resign, as he had Intended, but to take a leave of absence Instead. This was urged on him by Senator Os-mena Os-mena and other leaders of the Filipino Fili-pino nationalists. Mr. Davis has long desired to visit his wife and family in Paris. Mrs. Davis Is ill and cannot can-not live in the Philippines. So for the present there will be no more talk of giving his post to Col. Theodore Roosevelt, now governor of Porto Rico. MEXICO'S new ambassador to Washington, Dr. Jose Manuel Puig Casauranc, has received the approval ap-proval of the American government as persona grata and probably already Is ps-awwssj on his way to his yr ' ; post at the National f ' Capital, where he sue- W , ceeds Senor Tellez. pg Dr. Puig Casauranc Is ? considered one of hi3 ?, country's ablest - , : statesmen, and he has I "s served at home as sec- ! J, retary of education I'-'VffS and secretary of In- tii-S dustry, commerce and Dr p Ca labor. It is not likely , . , . ... c , , sauranc. that he will find In Washington any problems at present that will give him trouble, for our relations re-lations with Mexico just now are entirely en-tirely satisfactory. STOCK exchanges of the country, especially that of New York, were warned by Senator James E. Watson of Indiana, majority leader of the senate, sen-ate, that the upper house is likely to adopt a resolution for an investigation of short selling and bear raids. "Many senators," continued Senator Watson, "are of the belief that brokerage brok-erage houses should not be permitted to lend the securities of their customers cus-tomers unless either expressly ordered to do so by them or their consent Is obtained for that purpose. They are of the opinion that an order of that kind by the stock exchange Itself would be salutary at a time like this, or failing in that, that some legislation legisla-tion might be enacted that would compel com-pel the adoption of such a course. "They further believe that all short transactions should he thrown open to the public; that the light of day should be permitted to shine In upon all their deals; that the names of the individuals and the brokerage houses should be made public; that the stocks dealt in should be made known, and that all the details of each transaction should be subject to public scrutiny." LONDON heard that the former sultan and caliph of Turkey had agreed to resume the duties of the caliphate with certain temporal powers pow-ers at Jerusalem. The plan, which was conceived by the pan-Islam leaders, lead-ers, it was thought might wreck the Indian conference and also revive the Arab-Jewish quarrel in Palestine. ELECTION of Robert D. Johnson, Democrat, to represent In congress con-gress the Seventh Missouri district, succeeding the late Sam Major, gives the Democrats 214 seats in the house, the same number now held by the Republicans. Re-publicans. There is one Farmer-Labor member. Cc). 1931. 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