Show news review of current i events the world over A senate sanate ratifies the hoover war debt moratorium after warm wa rm debate woman made member of arms parley delegation T by EDWARD W PICKARD S NINN senators voting in the affirmative some with reluctance tho the senate ratified tho the hoover moratorium r on intergovernmental debts after several days of hectic debate twelve members equally divided between the two parties were recorded in opposition the republicans 4 public ans nil all listed as insurgents were frazier frailer johnson norbeck norris nyo nye and schall the democrats who voted no were bulow caraway con dill mckellar aen johnson nally ally and thomas in view of the pledges president hoover had received iq in advance the fight against ratification was admittedly hopeless lio but senator johnson of california and several others insisted nevertheless on voicing at length their objections to the resolution joenson in particular was bitter la in his bis denunciation of mr hoovers course la this matter criticizing him cornot for not giving duo due notice that tho the moratorium as originally proposed had to be altered to sult suit france no ho repeatedly charged mi that nt the president bad abandoned tho the former american policy and had agreed to the linking of war debts anti and reparations mckellar of tennessee gore clore of oklahoma and one or two iwo others were scarcely sc arcel less outspoken that joanson in thear op position ion the senate senat rejected ted i half a dozen amendments and adopted opted the resolution as it came fruin the house which had passed it by a arote tote of to after adding an ameil an neme dment nt w which aich puts congress on record as not committing itself to any policy Is of cancellation aaion or revision of war deb p both house and se senate ate having s settled et the moratorium matter after adjourned until january 4 sa senator ator borah made a futile e effort rt 5 it ale the date for I 1 afee reconvening changed b ang aged I 1 to january 28 as the president nad ad recommended at ma the president was sighing the resolution word came from basel that the young plan advisory committee ed that germany will be unable to re sume payment of the conditional reparations when the moratorium terminates next july and that adjustment of all reparations and war debts to the troubled situation of the world would bo be essential the next reparations conference Is to open at the hauge on january IS 13 BECAUSE of difficulty in obtaining foreign exchange for debt remittances the government of hungary declared a moratorium for one year on oil foreign debts the decree stipulated that public and private debts for which sufficient foreign currency Is not nota available vall roust must bo be paid in to the hungarian national bank which will hold the money as trustee for the creditors the Is the hungarian monet monetary nry unit in order that trade and commerce may not halt the national bank will put at the disposal of hungarian citizens such sums ns as ard ara needed to carry on and also will cover service on the so called credit freezing agreement WHILE HILO congress was debuting debating the moratorium the senate finance committee continued its inquiry into the sale of foreign securities in this country several eminent bankers were heard the most interesting in some ways being otto 11 II kahn hn head of kuhn loeb A co for hours mr kahn held forth explaining pla ining the intorica cles clea of international finance and describing vividly the crisis in world economics k although mr kahn Q otto H kahn made clear that he was opposed to either cancellation or permanent reduction of the war debts owed the united states he fie declared that the emergency required temporary adjustments to lighten the burden of german reparations and european war debts neither justice nor expediency dic ticy could lead to insistence at this moment on det demands n ands for payments to the full letteron lette agreements effected in the past mr kahn said in an outline of hla his own attitude in vigorous terms mr kahn said if it were possible to find a way by which all these reparations and war debts which hang around the neck of the world like a could be taken out and sunk in the ocean I 1 should welcome it RESIDENT r HOOVER announced that gen G e n charles 0 dowes dawes ambassador hassa bas dorio to orent would bicad taw american delegation delegatto delegat lo n 1 tolie world conference on 10 genova Ge iova he fie then named as it n e of the delegation tie legat I 1 on pr MaryI 11 a ry ruma hair woolley Wc kolley president defit af pf mount 11 1 k college kllc le the first ot or lierop lier sp t to T bg given n s such a position by a first tj cass ss s power she has been nn an active Worker for inter rif I 1 national peace and an advocate of navy reduction senator claude A swanson of virginia democrat and member of the senate foreign affairs and naval committees already had bad been nam named edns as a delegate the president find and mr stimson will direct the course of the american delegation from washington the mission will go armed with secret instructions and will keep in close touch with the state department consideration of president DIlo DURING hoovert Hoover overs 8 proposed reconstruction finance corporation by the senate banking and currency subcommittee daniel D a n I 1 c I 1 S willard Wll lard president of the baltimore ohio 1 railroad praised the VZ inclusion of the railroads in the category of institutions to be aided as necessary at V this critical time banker witnesses heard did not oppose this inclusion mr willard told the committee that the daniel r willard j railroads throughout the country had OW in maturities turi ties falling failing due within the next three years find and no money to pay them ills own railroad he admitted must meet worth of maturities turi ties in may more in august it would bo a satisfaction to me said mr air willaro Wll larl and I 1 think it would be in the public interest it if when these securities mature next summer we could borrow at a reasonable rate of interest from the government and of course it would be to our interest to pay back as quickly as possible it would be a good deal for the government with a profit and the hazard would be well nigh negligible the alternative he pointed out would be for the railroads to borrow from other sources and at stress prices senator couzens of michigan broke in at one point with the assertion 1 mat M etwas tolly folly for a board of non experts in railroad affairs to pass judgment on loans to railroads and praised the success of the transportation act of 1020 with its revolving fund of administered by railroad rall road experts ile he intimated that he will seek to revive a part of that act of 1020 GERALD NYE of north S SENATOR dakota on oil behalf of his committee on campaign expenditures reported to the senate that bishop james cannon jr had violated the corrupt practices act in his bundling of campaign funds in 1928 the committee al also to declared that a 31 considerable part of 14 the received by the bishop and hla his anti smith democratic comal committee atee found its t way into his personal accounts bishop cannon it m bishop cannon was found hod had per handled the greater share of the money he handled it so investigators ti discovered through no less than ten bank accounts from and to which funds were transferred in a maze of transactions all told the committee learned in political contributions was transferred to the bishops private accounts and remained there re until long after the election from parts paris stated dispatches D that france was on the point of signing two important trade treaties one Is with germany and provides that that country shall supply franco france with all the nitrates she needs for the next nest nine months the other Is with russia and in it france pledges herself never to join any movement to boycott any class of russian goods or refuse to supply the soviets with any materials they may need frances stock of nitrates an essential for the manufacture of war munitions Is said to be dangerously depleted and it Is held as curious that Cler germany ninny should undertake to supply the deficiency and through other provisions of the treaty to aid in building up the french nitrate industry to a point where it will be independent of the germans in the pact with russia both nations agree to commit no act of aggression gres sion slon against each other and not to take recourse to war and if a third country commits nn an act of aggression assion against one signatory the other signatory promises to observe neutrality tin and d rive give no help to the aggressor nation MUSSOLINI of italy suffered P n severe loss lose la in the death ot of his beloved t rather Arnald 6 director of the ha nv lver piper bitalla dl dI talla and able assistant of the luce duce in the fascist regime ile iio died suddenly in milan after an attack of angina pectorals ls www w W w CHRISTMAS and alid the tha succeeding days in the tha whit alonse ilonse were decidedly merry for the first time sin sanco he became becard president mr hoover had nil fill his hb family with him for tho yu yuletide yule leUde tlde mr and lira nerbert herbert hoover jr were there and their two little children peggy ann aan and herbert HI 1 who la Is known na as peter came all the way from california to celebrate the holiday with their grandparents allan hoover too came from lot lo 10 angeles angelea where he ha la Is employed in a bank on wednesday peggy and peter were hostess and host at a child childrens renIx party and the gifts brought by the guests were distributed to needy children christmas eve youngsters belonging to the white house secretaries marched with the presidential family in a candle procession listened to carols and then received gifts from the christmas tree christmas night children of cabinet members attended a white house dinner with their parents conveniently dubbing as banc bandits conveniently aits al all the chinese in manchuria who oppose them them the japanese are merrily proceeding with their war close censorship leaves the outside world in some doubt na as to what Is being a lone done but enough leaks out to make it certain that gen shigeru honjo japanese commander Is carrying on some gome large scale operations another considerable body of troops from japan arrived in be gen honjo ing quartered there to prevent the chinese pouring into that city if ChIn chinchor chow falls into japanese hands handa the american legation in china warned americans residing along the helping mukden railroad to evacuate to general honjo sent a force of coo infantry and railroad guards northward from mukden these troops were instructed to seize the towns of Kang pIng and with the object of sw sweeping out chinese troops who are said to be menacing japanese lines of communications on both the south manchuria railway and the line running northwest from through chen chwatun and was taken on tuesday internal affairs meanwhile C CHINESE were in a terrible muss and the country was without a g government overn every minister and vice minister resigned and the nation natio n was wa without an off official lelal to bolce voice a protest against the japanese aggression the entire despite on an appeal pe alfrom from gen chen ming shu acting head of the executive council to stay on the job it was explained that tho the resignations were due to indications of lack of confidence by the public in its handling of the manchurian Manc hurlan affair the example of great FOLLOWING britain australia has ousted it ltv labor government go eminent and prime minister james scullin and his cabinet have been replaced by joseph A lyons as a premier and a coalition government made up of members of the united australia and the country parties lyons had been tr treasurer measurer in Sc cabinet but had broken with his laher labor colleagues in the dominion parliament t the coalition has now 52 seats out of 70 the have 13 t the he extreme have 0 and antl independents pen dents 2 OSS of patronage is not the only L LOSS trouble representative louis me fadden of pennsylvania faces its as a result sult of his fierce attack on president gloover JS el ile he may even lose his seat in the house at the next election mrs cornelia bryce PInc bot wife of the tha governor of pennsylvania has announced bounced that she will contest the republican nomination in the fifteenth district with mcfadden and the latter will not receive the support odthe of the republican state organization whether or not it Is given to mrs pinchot back in 1128 the lady and mcfadden had an interesting fight for the nomination and he won with the organization aid mcfadden was notified by the post office department that he be had been cut oft off from all patronage in his district postmaster general brown wrote him stating that his him speech against the president had convinced him that his advice concerning appointments point ments would not be helpful to the department NETHER or not dwight F davis wis WHETHER Is to return to the philippines as go governor v arnor gen general eral was not decided during tho week mr davis arrived in washington and had bad a long conference with the president but did not hand in his resignation V as had been expected because mrs davis Is unable to live in a tropical climate coming from the white house he said to correspondents thye is nothing I 1 can sn about the fud twe ture e pa capt that the P F davis r information I 1 have received about sirs mrs davil since my arrival in the united totes Is not encouraging cou raging I 1 wilt go act arfst st louis for christmas and lat lacerd later erD ato k paris you understand I 1 am arr le leave ve a it th the a request of tha secretary of war to camilla fa familiarize millA ize myself with ae fie sentiment in the united states on the philippine question ca 1031 union k |