Show News Review of Current t 7 E Events the World Over Overl l C Congress on b ress Eager to Adjourn Passes Relief Bill Designed Designed De De- Suit President of Lausanne signed to President Meaning H Y New Franco Franco British British Accord Agreement Agreement New nt T. T b By EDWARD W. W PICKARD GARNER having established es es- SPEAKER his pet campaign issue Issue Issue Is Is- sue of ot government loans to Individuals Indi- Indi was content to let stand President Hoovers Hoover's 4 veto teto of ot the Wagner Wagner- Garner relief bill 1 containing that fea fea- r ture No attempt was made In either t. t a house or senate to pass the measure over the veto and both c chambers ham b e r s speedily prepared and passed new bills designed to Sent Cen Wagner conform In the main to the Presidents President's Presidents President's Presidents dents dent's dents wishes s. s Mr Garner assuming assuming as- as suming that most of or you gentlemen gentlemen gen gen- men would like to go home fixed things so the two bills were sent cent to Immediate conference so the differences could be Ironed out and congress could adjourn In the senate the remaking of ot the measure was managed largely by Senator Wagner of ot New York One amendment adopted at the Instance Instance instance In In- stance of ot Senator Glass would permIt permit permit per per- mit federal reserve banks s for a two two- year period by vote tote of ot the federal reserve board and In unusual and exigent circumstances circumstances' to make loans to any Individual or corporation corporation corpora corpora- tion unable to secure credit from other banking Institutions This at first was repugnant to the President President President dent but he changed his Ills mind over oter overnight overnight night and Informed Senator Glass would not object to Its Inclusion In the measure In other respects save for minor variations the measure Is much the same as the one Mr Hoover vetoed vetoed ve ve- toed with the Garner loan clause omitted fi BEAT REAT BRITAIN and France announced announced an- an G GREAT 3 a new understanding known as a confidence accord which the French regard as a renewal re re- renewal newal of ot the entente They agree to work together for the restoration restoration restoration res res- of oC Europe and to keep each other mutually Informed of ot questions questions questions ques ques- coming to their notice similar to that now so happily settled at Lausanne Sir John Simon telling parliament parlia parlia- parliament ment of the accord said aId flatly It has bas nothing to do with the war debts doe the United States from Britain and France adding If the French people believe such Is the case caso they will be quickly unde undo On the other hand when Premier Herriot announced d the agreement In Paris he declared that Great Britain cannot now undertake undertake under under- take roke a new debt settlement with America without first consulting France Simon said the pact was not Intended to be exclusive and that Germany Italy and Belgium had been Invited to associate In It Its provisions with France and Britain E EUROPE Is saved again subject 1 to ratification of the Lausanne agreement as Winston Churchill declared declared declared de de- In the British house of or com com- mons And ratification tion Is subject to r i f the cancellation or 7 f. f 1 heavy reduction of ot I W 7 A 1 7 the war debts the nations i European J owe the Un United I teu 1 fj 1 Ai States No Eu- Eu r can power over has bas directly di dl- I I r proposed to f IJ the United States a revision of those J debts but such action action action ac ac- ac- ac tion Is hoped for tor Winston and even expected Churchill by statesmen of the former allied nations of ot Europe The sentiment In Washington Is absolutely absolutely absolutely ab ab- against cancellation That In a n nutshell Is the status concerning the pact signed at Lausanne Lausanne Lau Lan sanne by the European powers whereby Germany Is to be relieved of at all obligations In the way of reparations on payment of a lump sum Bum Urn of gold marks marks- about At the same time that they Initialed this agreement agreement agreement agree agree- ment the representatives of Germanys Germany's Germanys Germany's Ger Ger- many's chief creditors sl signed a secret secret secret se se- cret pact that their reSi respective parliaments would not Dot ratify the treaty until the United States had reconsidered the question question question ques ques- tion of ot reducing the debts due her het from Europe And If Americas America's decision decision de de- Is adverse to such reduction tho the Lausanne treaty becomes of ot no effect and tho the reparations situation reverts to Its Ita former status under the Young settlement The German government declared Germany had bad nothing whatever to do with the gentlemen's agreement Churchill vigorously attacked the whole proceedings at Lausanne He sold said that from his knowledge of ot public opinion In America he be be- b believed no more unfortunate approach approach approach ap ap- toward debt cancellation could have been made Prime Minister MacDonald and Chancellor of ot the Exchequer Cham- Cham berlin berUn both replied to the attacks of Churchill and others The Tho latter said We are still sUU ready to cancel all aU debts due us If It the United States should decide to cancel a all J debts due her our offer is still sun open If America still sUB feels she must ashus ask ash us to pay more than we have hate receIved received re- re we must consider what we weare weare weare are going to do doe Before we know what America will propose to do In Inthe inthe the tho matter It would be unreasonable for us to consent to cancel the debts of ot our European allies Though the Lausanne agreement reduces Germanys Germany's liabilities In the way of reparations to about one per percent percent cent It does not remove from Germany Germany Ger Ger- many the stigma of ot having been solely to blame for tor the World war Therefore It Is rejected by Hitler's s Nazis and is distasteful to the Na Na- Hitler declared that the new treaty will not be bc worth orth three marks within six months The German cabinet approved Chancellor Chancel lor for Von Pap ens en's action In signing the treaty A A with the governments governments governments govern- govern ments of or the Dominion of Canada Canada Canada Can Can- ada and Ontario on the St St. Lawrence Lawrence Lawrence Law Law- rence seaways project was on the verge of ot being comi completed completed com- com but presumably v ably would not be beIn i t. t 1 iJ t In by time the tho for senate a action tl at i this session Premier Pren Pre Pre- n 4 ruler mier Henry of oC Ontario On On- V z t J tario tarlo said It would r be signed U oU 1 within a t f i week or so President if t dent Hoover Hooter had hadt t WoN directed the efforts to bring brins the matter Hanford to a speedy MacNider son sloe and Hanford MacNIder minister to Canada was as In Washington assisting assisting as as- the State department In n the negotiations In which Secretary Stimson Canadian Minister Herridge Her Her- rIdge James Grafton Rogers assistant assistant assistant assist assist- ant secretary of state In charge f t the St. St Lawrence plan and John HIckerson the departments department's expert on OD Canadian affairs were especially active An Interesting Incident was the offer of ot Gov Franklin D D. Roosevelt to go to Washington and help President President PresIdent Pres Pres- ident Hoover in e. e expediting the ne nc The President immediately Immediately ImmedIately Imme Imme- and politely refused the offer advising the governor to go ahead with his vacation ruise because because because be be- cause international treaties fall tall ander under un nn- der the Jurisdiction of the federal government G i ROOSEVELT did J proceed with his cruise sailIng sailIng sailing sail sail- ing with his three sons up the New England coast a and d bearing a figurative figura tive Live olive olf branch at the masthead for he was In Al Smith waters His Ills 33 foot foot yawl Myth H n put in to for forthe forthe forthe the first night at Morris cove near New ew Haven and proceeded thence to Stonington on Conn There he met J. J Harold McGrath Rhode Island state chairman and others from that state to whom he said I III not only fully funy understand but greatly appreciate Rhode Islands Island's standing by our oar old friend Governor Smith in the convention and I 1 know now now I am going to receive the f same me display of ot 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- dis ri I IMMEDIATE does not mean now In the l lexicon of ot the Democrats Democrats Democrats Dem Dem- In the senate Twice they were given giten the opportunity to vote for Immediate legalization of ot beer In accordance with their national party platform and twice they refused Their intention now achieved was to put off oft the test until after the November election Their excuse was vas that they should not be bo called on to vote tote on the proposition until an authoritative definition of ot an un intoxicant could be obtained Senator BIngham's beer bill WitS was burled buried in committee and later Senator Sheppard of T Texas as prevented consideration of ot a resolution resolution resolution res res- offered by BIngham Instructing Instructing instructing in In- the surgeon general of ot the United States to poll leading physicians clans and psychologists ns as to their opinion of what constituted an nn Intoxicating intoxicating In In- beverage Ashurst of ot Arizona then took a n hand Tho The senator from Connecticut Connect cut he chided has been attempting attempt ing lag to do what be ne called test the sincerity of ot tho the Democratic sena senn tors Never did he apply a n true test Let me tell him how bow Let him Introduce a n Joint resolution proposing proposing pro pro- proposing posing to amend the Constitution by abolishing the tho Eighteenth amendment amend ment and let the tho roll he called There will be no attempt on the part of the Democratic senators to avoid their platform Whereupon the wily BIngham Immediately immediately Im mediately produced Just such Buch a reso reso- lution and asked unanimous consent to call it up for action Senators Hobin Robinson son and Watson minority and majority lenders agreed this was not the proper occasion for such a n measure so the resolution remained on the table N MOTION MOrION of ot Senator Couzens O ON of ot Michigan the senate appointed appointed appointed ap ap- ap- ap pointed a n committee of ot five senators to Investigate loans Jonns by the Reconstruction Reconstruction Recon Recon- Finance 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 ens plan to head off oft a resolution by Senator Norris of ot Nebraska for Immediate publicity of ah ait loans Critical references were made dur dur- durIng during ing the debate by Senators Couzens Cou and Norris to an loan by bythe bythe the tle corporation to what was called the Dawes bank In Chicago WHETHER Smith ne Reynolds Dolds young youns heir to the great tobacco fortune committed suicide in his home homo at nt WInston Salem N. N 0 or was murdered Is still unsettled The k cor coroners coroner's 0 n e 1 B Jury juryz z found he came to his death at the hands of or persons r unknown and so his widow the for tor- former 5 mer Libby Holman x of stage fame and andS and'S his S 'S chum and S sec C- C sec sec- secretary A Albert l I b e r t Walker were set Mrs Reynolds free by the police But Sheriff Transou Transou Transou Tran- Tran sou Scott says the case Is by no means closed and the authorities will continue their Inquiry Into the suspicious circumstances surrounding surround surround- ing the tragedy The case Is sensational sensational sen sen- in the extreme and the tho details details de de- tails tans have hate filled many columns In Inthe Inthe inthe the newspapers Mrs Reynolds weeping and near collapse departed from Winston Winston- Salem with her parents for Cincinnati Cincinnati Cin Cin- their home and was tas expected expect expect- I ed cd to go from there to some secluded secluded secluded se se- seI I place In the mountains Leading lawyers agree that her unborn unborn unborn un un- born child if It alive e will be a n le legitimate mate heir to the left In trust to young joung Re Reynolds by his fa- fa thet though there Is a possibility that this childs child's chance to Inherit might be eliminated by a settlement which Smith Reynolds gave gate his first child when her mother moth moth- er obtained a divorce In any case it does docs not seem that Libby Holman Is due to receive any considerable part of the big estate pERU PEnu ERU experienced an attempt at A revolution when a n lot of ot civilian Communists led by army officers rebelled rebelled re re- re- re belled belied against the government and seized the Important commercial city of TruJIllo But within a few lays Jays loyal loal troops had bombed them Into submission and recaptured the city Brazil was WiS not having hatIng so easy a time with a revolutionary movement movement movement move move- ment that broke out In the state of ot ofSan Sao San Paulo with the expressed intention IntentIon tIon of overthrowing the government government govern govern- ment of ot Provisional President Getulio Get- Get ullo ulio Vargas The city of ot Sao Sno Paulo was occupied by the Insurgents O CN ON N JULY 21 there will open In Ottawa the economic conference confer conter ence enco of the British empire which gives promise of ot being one of the most Imp Important 0 r tan t gathering of or Its kind ever er held Almost Almost Al Al- t most quarter one of d. d L the worlds world s population papa Y i lation will be represented represented rep rep- s i resented and It Is Jl the hope of ot Britain j that the conference t y Z 1 I will succeed In diverting diverting di dl t A about one one- third of ot the worlds world's 7 J trade to Great Britain Brit Brit- ain an and her R. R B B. B Bennett Ions to the dIsadvantage disadvantage disadvantage vantage of the United States Argentina Argentina Ar Ar- gentina and other countries now holding a considerable share of ot the British commonwealth trade This hope In the opinion of ot competent observers will scarcely be bo realIzed reali R R. R B. B Bennett prime minister of ot canada is host to the conference and he has this to say of Its ob ob- peets and ambitions The uTho Imperial Economic Econom c conference conference confer conter- ence should devote Its energies and abilities with a common purpose and whole hearted zeal real to deepenIng deepen Ing lag the channels of ot ultra-Imperial ultra trade by Judicious ous adjustments of tariffs and anel other measures which will aim to create a larger volume of ot mutually profitable trade between between be be- between tween the different units of ot the empIre empire empire em em- pire than now exists and to make their unrivaled resources available In greater degree for the diffusion of a higher standard of ot well-being well among Its citizens than they now enjoy Among the tho highly Interesting unofficial unofficial un un- un official observers will be those from tho the United States eager to know what will be the the results results of ot tho the present present present pres pres- ent tariff law v that is aimed lar largely cly at Canada It Is known In Ottawa and Washington ton that Mr Bennett is ready rendy to say to the English delegates dele dole gates Give Give us us a preference In your market and we wo will give you free fre entry of ot goo goods gools ls not produced d In the Dominion Which would be a n sad Bad blow to the tho United States business |