Show news review revie w of current events the world bild aver over the ilie united states joins great grea t britain and francein france in recognizing the new spanish republic hoover upsets coolidge precedent by EDWARD W PICKARD the united W WITH states 0 great r e a t BrIt britain aln prance france and L several sma smaller lier re publics of the world according the now new government tit at madrid headed by niceto alcala zamora formal recognition republican existence has coma boroo p promptly into being president the n of zamora the spanish republic by the british government served to clear the way for similar action by the united states secretary of state henry L stimson In instructed strutted tho the american am bassa dor to spain to advise the ie republican publican government ot of the action taken by wit washington sh ington recognition by the united states slates was said to have been hastened by the consideration urged by president zamora that a general recognition of the new government by the great creat powers will tend to strengthen it at homo home and enable it to maintain order although ambassador irwin B laughlan Laughl ln to is to continue at madrid for the time being his permanent retention there will depend upon hla his acceptability to the republican government there have been reports that hint the ambassador who la is it a pittsburgh steal deteel millionaire has baa publicly expressed a low opinion of the republicans forming the now new government the provisional government announced it would recognize all debts of the monarchy this resulted in strengthening of stocks and sycurl ties on tho exchange HIGHLY interesting nt at tills this time Is the announcement that the lie soviet government covern ment has decided to adopt a new wage I 1 system known as tile the khodr ase blot which apparently changes the governments policy and amplifies tile the inauguration ailon of piece work it Is to go into effect at onee once the wages of workers according to soviet authorities will not be based on the communistic theory of equal division div Islon but on the capitalistic idea of reward ine IDL individual efforts in skill and ability P the word literally means economic accounting it Is interpreted tn in the decree to mean that each factory plant collective farm mine railroad and such henceforth roust must take the responsibility of fulfilling contracts and adjudging wages without interference from trade unions although certain elements among the disciples of lenin view the innovation regretfully as a compromise with capitalism the government hopes the system will speed up production prod action HE message moss age of TUB secretary of state S 11 m a 0 n warning wa N americans americana to get out of 0 the interior of bao ban dit alt infested nicaragua was soot sent to theamer ican can legation at mali nagua a gu a and to the american consul at bluefields Blue fields the message dratted drafted by secretary secretary s son after he had bad stimson talked to president hoover was as follows in view of outbreak of banditry to in portions of nicaragua hitherto free ace from such violence you will advise american citizens that this government cannot undertake general pro lection of americans throughout that country with american forces to do so eo would lead to difficulties and commitments mit ments which this government does docs not propose to undertake therefore the department recommends to all americans americana who do not feel secure under the protection afforded them by the nicaraguan government through the nicaraguan national guard to withdraw o from the country or at least to the coast towns whence they can be protected or evacuated in case of necessity ces sity those who remain do so tit at their own owa riek and must not expect forces to be sent inland to their the Irald aid six years ago ag 0 C alvin coolidge then Il resident in an address in how york want be called the distinct and binding obligation on the part of self respecting governments to afford protection to the persons and property of their citizens wherever they way may le this american doctrine stimson now amends Arne american rican protection by the new policy follows american citizens ashore but not to the interior 0 of f rebel infested nicaragua federal farm board d during the TIIU THIS week announced its decision to offer for stile sale on the european market as rapidly as possible the huge surplus of wheat acquired under tinder the wheat stabilization operations of it tins has been estimated the alie surplus s of such buch wheat controlled by the he board will be approximately bushels by july 1 next the board Is of the opinion that such sales can be made without depressing domestic wheat prices the government purchases were made it at an average price of about 02 cenan a bushel and the estimate has been made that the board might sulter suffer a loss aa high as 60 per cent in sales on this wheat it if made in europe at the present time advice to farmers to store their grain on the farm Is extended it will cost about one third of the regular carrying charges if the wheat Is stored on the farm itself the attempted solution of 0 tho the problem so BO far as the board has worked it out appears to be that the board to Is going to try to unload its surplus when and where it can so BO far as it can without bring ing about too great a slump in the market the fanner Is then to 0 o be asked to help carry the load of the coming crop and the board will offer him it a tentative promise of aid through cooperatives suggesting tini an additional incentive to lie farmer to join a cooperative james S stone chairman of the board bard announced that the government had find sold bushels of wheat abroad recently at a figure above the world price decrease of af superior product I 1 laii place in the H HIGH list of encouraging comments on tile the business situation is ac accord cordeI ed that of roger W babson the trade prophet who N told president hoover that better times are on the way business lie he said has turned the corner and now Is definitely on the up roger w grade babson baboon jp in most almost every line of industry there are some concerns which in march showed an increase in earnings ove february what Is more important they showed an increase for this march over march of last year certain of the railroads also have turned tho the corner he said mr air babson has earned the right to be listened to when he ventures upon the thin tee ice of economic prognostication ti statistics being ats dally diet he asks the country to observe the statistics of car loadings these are steadily increasing they have always been of barometrical significance when freight Is moving factories are working and shipping nier merchants aro are buying and customers are consuming in every key industry statistics show that one or two big firms have turned the corner promising that smaller fry too are headed out of the red if the american people turn their gate from the big board tn in wall street to the bigger opportunities which await them in constructive dl directions ions of every sort the upturn foreseen by mr air babson will come all the sooner and all the surer R recognition tr ir the imp I 1 m catl ve necessity of solving the problem ott 0 unemployment lc Is sn in the complete reoma of the U gilted eted A states S t a t e st employ employment ment cervice with ft ath 4 48 9 state employment bureaus bureau arid and ono one in th district of columbia Columb ta and seven special central secretary divisions established doak to deal with the problems of trades announced by william N doak secra secretary lary of labor john R alpine of new york will head the now setup set up which has SOO of appropriations available for its work francis 1 jones Is to continue as director general with supervision aho ah o over the special mining and crying trades division the veterans placement service will he maintained nationwide nation wide alde in its scope and the farm employment service will be expanded tho the united states employment service tins decided Secre tarry doaks said to open up at least one employment bureau in each of the states and the district of columbia to operate cooperate co with state find and local authorities A coordinated co service throughout the entire country will undertake in the broadest sense to take care of interstate labor placements in coop co op ap oration with employers and employees hiving employers a ready field from which to draw all needed labor necessary to carry forward any kind of work to the surprise of 11 financial M MUCH circles stockholders of the united states steel corporation adopted a proposed pension plan under which junies A parrell l president aud and for several years a leading figure in the st steel eel industry would automatically retire on reaching the age of seventy or in I 1 WM mr farrell was a leader of those in favor of the new phin pointing out that the old one had find been unsatisfactory there are others in the great united states steel corporation who villre will retire if afie fie plan la is adopted it provides 65 for voluntary retirement and 70 for compulsory in this class soon would fall E 3 president of illinois steel joshua A president of american can bridge harj B perley president of canadian steel J S keefe president of american steel wire und and 11 E W V pargny preal president deni of amerlean american sheet tin plate all these are subsidiaries the retirements would fall between 1033 and 1035 1031 J wa W ITH more ease than he himself expected ramsay macdonald cornea comes safely A through the tein tempest pest of a serious parliament n ry r y setback stanley baldwins baldvins Bald wins motion 0 of censure an open and her heralded alde effort to drive the maedonald macdonald govern in e n t out of office was defeated ramsay by a majority macdonald of 51 54 votes lloyd george whose liberal following holds the balance of power in the house of commons turned the title tide tomac donald when lie ho denounced the conservative serva tive motion as unfair of 58 1 liberal libera era votes Al macdonald acDonald received 35 the conservatives only 10 the remainder not voting or absent quite evidently great britain Is in no mood to tall fall victim to political spellbinding it knows that none of the political leaders possesses a cingle wand that can charm away the di disastrous consequences of the war the nation must climb a long ong and weary trail and it Is prepared to do so doubtless the indian situation which has been one of the chief causes for the depression in the british textile industry because it f the indian boycott on british goods was wag hn an important consideration with tha liberals in supporting macdonald E L I 1 H r that the B BELIEF revolution in honduras es Is related with operations of the insurgents sur gents under au gustino sandino in nicaragua has gained ground among observers of central american ican politics it is pointed out that gen gregorio Gre gorlo perrera ferrera head of the fausto revolutionary movement davila in Ilon honduras durns Is openly opposed to united states intervention activities sharing San Sandl dinos nos views in this regard ferrera was in blex mexico ica a year ago be Is of indian blood and has a large following awing the laborers on the large gilted states banana plantations of the north coast of Ilon honduras durns dr jesus castro flon lond duran iiran charge daf daff faires alres tit at mexico city who recent ly returned from a visit to tegucigalpa said president bejia colindres refusal to admit ferrera into his cabinet was the probable cause of the revolution ile iio Is confident it will fall as the president Preside ut has an In influent fluen cial backing and a well trained army dr vicente colindres Coll was named president of honduras in the last election and was inaugurated on february 3 1920 1020 municipal elections last december pave gave the liberal party a majority julius G lay united states minister in honduras reported to the state deportment that lu his opinion the revolt would soon fizzle out 11 lit lie said no military or noil political figures of consequence appear to be connect connected t ell with ft fausto davila davala Is the premier and foreign fl minister of honduras and Is by south american diplomats at washington as well able to deal with the situation nek tia MI western New newspaper union mon |