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Show News Review of Current Events the World Over Hoover Moratorium Plan, With French Modifications, in Effect Crcat Britain Calls Conference to Work Out Details. By EDWARD W. PICKARD Atm" A UTUAL eonoos- vr ., v 1V1 aIon8 by the United States anil I France, obtained by a!'.: clever negotiation, re- r:t, A ultej In the nccept- ,? nnce of the Hoover I., moratorium plan In f : principle by the French government. All otlier Important 'JZU..lA nations already had accepted, so President Julius Curtiut ,Ioover announced that the plan might be considered as In effect as of date of July 1. Brelly summarized, the ngreement provides that debtor governments shall be relieved of payments due between be-tween July 1, 1031, and July 1, 1032, aggregating approximately 800 millions mil-lions of dollars. Germany will be relieved re-lieved of reparations payments to the former allied and associated governments govern-ments totaling nearly 400 millions of dolla rs. Great Britain, France, Italy, Rel-gluin, Rel-gluin, and other debtors will bo relieved re-lieved of war debt payments approximating approxi-mating 400 millions. The greatest sacrifice will be made by the United States, which will forego fore-go war debt receipts totaling -GO millions. mil-lions. Beginning July 1, 1933, the deferred reparations and war debt payments will be paid In Installments during a ten-year period, In addition to the regular reg-ular current payments. rnyment by Germany of conditional reparations totaling 243 millions will be unreservedly suspended. Germany will be required, however, to pay the unconditional reparations, nmounting to $130,000,000, with the understanding understand-ing that this amount In full will be loaned back to Germany. A loan of about 23 millions will be made to Central European countries If necessary by the federal reserve banks of the United Stntes and European Euro-pean central banks. The accord reached was entirely satisfactory to both the Americans and the French. President Hoover gained his chief point, the gist of the whole plan, for Germany does not have to pay any International debts for one year. The French statesmen congratulate themselves because the accord calls for the moral support of the signatories in getting a private loan for France's central European friends, and lays upon Germany moral responsibility for not using her moratorium mora-torium saving for armaments. Foreign Secretary Julius Curtlus and Chancellor Bruening of Germany, of course, are pleased beyond expression, expres-sion, and the former paid warm tribute trib-ute to the work accomplished in Paris by Secretary Mellon. The German press, however, professes to be disgusted dis-gusted with the compromise, several Influential papers declaring that It wrecks the plan entirely. In concluding his announcement of the agreement. President Hoover touched on the question of world disarmament, dis-armament, which he considers the second sec-ond feature of his program for restoring re-storing economic prosperity. HAVING ably seconded Mr. Hoover's Hoo-ver's effort to bring about the moratorium, the British government called a conference of the powers to work out the details of the plan. The premiers and foreign ministers nre to meet in London, and It is expected Secretary Stlmson will participate as an official observer when he reaches England. This conference will meet from time to time for several months. It Is understood, un-derstood, and may continue to function func-tion for several years. Before this body, toward the end of the one year Hoover moratorium, will come the question of the capacity of Germany to continue paying the Young plan reparations, the question of extending the Hoover debt holiday another year, and the question of revising reparations repara-tions and war debts downward. VICE PRESIDENT -n Curtis came out in :. the open In earnest . .... . i opposition to the poll- s cies of the federal xgj farm board, and. In company with Sena- tor Arthur Capper of V Kansas, went before V Chairman Stone and Carl Williams of the A board to urge that It ' change Us stand con- Char:es Curtis c e r n I n g Its wheat holdings. The two Kansans argued for hours that this wheat should not be put on the market until the price reached So cents, but Mr. Stone refused re-fused to make any such pledge. He did state, however, that the board would not offer any of Its wheat at the present low prices. But he made It plain that the board would abide by Its policy enunciated July 1, which was that it would feel free to sell up to a cumulative maximum of five million mil-lion bushels a month for the next year. Mr. Curtis' activity In the contro versy over the board's wheat hold-Ings hold-Ings has been Interpreted as Indicating Indicat-ing a desire on his part to avoid re-nomlnation re-nomlnation for the vice presidency and to run for the Kansas senator-ship senator-ship which he formerly held. When asked about his political plans, he replied re-plied "They'll not get anything out of me for at least three months." Senator Watson of Indiana, liepub-llcan liepub-llcan leader of the senate, also has been trying to Influence the farm board, arguing for 02 cents, which Is said to be the average price paid by the stabilization corporation for Its wheat, as the figure below which the board should not sell. Senator William Wil-liam E. Borah, insurgent Republican of Idaho and chairman of the agricultural agri-cultural committee named at the "progressive conference" last March, has Insisted that the board defer all sales until wheat goes to $1.25. OECRETARY OF STATE STIMSON is having a pleasanter time on his European vacation than has fallen to the lot of Secretary of the Treasury Mellon. Starting too late to get mixed tip In the moratorium negotiations, Mr. Stlmson arrived at Naples Tuesday Tues-day on the steamship Conte Grande, accompanied by Mrs. Stimson. He was met by Ambassador Garrett, and, following fol-lowing a visit to Pompeii and Hercu-laneum, Hercu-laneum, went to Rome by automobile. Thurday evening he called on Premier Mussolini at the Palazzo Venezia and later met him at a dinner given by the American embassy. In Mr. Stim-son's Stim-son's honor the ruins of the ancient Roman Forum, just beyond the Capl-tollne Capl-tollne hill, were brilliantly lighted up at night. The secretary's European vacation will last two months and he will devote de-vote considerable time to an investigation investi-gation of conditions on the continent rR joseph i. France, former Sl United States senator U -t- from SIaryland. evl- s a,t j dently was in deadly I J 1 earnest when recently , he announced that he I -- i Was a candidate for the KepllDicaij noml- l nation for the Presi- k & i dency In 1932. Already R..-.AvlU he started 0Q hls Dr. J. I. France summer campaigned his many friends are helping to the extent of their powers. The doings began with a public meeting meet-ing at Mount Ararat farms, the doctor's doc-tor's country estate In Cecil county, Maryland. Very soon, It is expected, he will make a tour through the grain states of the West. Assisting France in getting his campaign cam-paign under way are Jonathan Bourne, former senator from Oregon and head of the Republican publicity bureau during the Wilson administration, and Lyle Rader, who Is described as "a prominent New Tork chemist and Bible Bi-ble speaker." Doctor France says that on his trip in the West he will give his reasons for seeking the Presidential nomination nomina-tion and will discuss "the grave world crisis and Its remedy through the application ap-plication of the principle of righteousness righteous-ness to economic, social and international interna-tional problems." BEFORE the convention of the Great I.akes-Hudson Waterways association in Albany, N. Y., Senator Copeland and Representative Hamilton Hamil-ton Fish of the Empire slate and various others attacked the proposed St. Lawrence ship canal and urged that congress begin as soon as possible possi-ble the construction of nil-American waterways from the Great Lakes to the Atlantic seaboard by way of the Mohawk valley and the Hudson, as a means to relieve unemployment. It was declared by the speakers that the St. Lawrence canal was considered con-sidered only because the farmers of the Middle West wanted it for an outlet for their surplus grain, and Mr. Fish said the Russian wheat situation situa-tion "now makes the building of a ship canal through Canada a fantastic fantas-tic myth." THOUGH It is un- '"-'" derstood in Rome that Pope Pius and . . V Premier Mussolini I have both decided to J avoid any precipitate action in their contro- versy, they continue -' to hammer at each J , other with encyclicals xx N I and newspaper artl- v "v f cies. The pope steadily stead-ily maintains that the Mgr. Borgon-ehurch Borgon-ehurch is suffering cini.Duca persecution at the hands of the Fascist rulers of Italy, but for the present at least he will not consider the withdrawal of the papal nuncio to Rome, Mgr.. Borgon-cini-Duca. The nuncio, for his part, has been doing all he could to bring about a peaceful settlement of the quarrel. The pope's latest encyclical dealt severely with the Fascist position on the education of youth, and was characterized by ths Italian press a5 a return to the medieval conception about the respective authority ot the church and state. Copies of the document docu-ment were not only distribured In the churches of Rome, but also were sent out of the country by special couriers which action drew Fascist ridicule. MAYBE there will be another war In South America before long. Dispatches from Asuncion, Paraguay, said that Senor Guachalla, iinister from Bolivia, sent a note to the foreign for-eign office declaring he hid been ordered or-dered by his government to suspend diplomatic relations between the two nations. The Paraguayan government replied with the announcement that It bad ordered Its minister to Bolivia to return home. Don't ask what II 'a all about. Peru has been having a little war of its own government versus revolutionists. rev-olutionists. The other day the rebels were defeated at Huambutio and the city of Cuzco, their headquarters, was taken. The revolters thereupon fled to the Jungle, and probably little more will be heard of them. TT A II AJEXICO'S quarrel , with the Church " L 1 ' Rome Is now een- ; tered In the state of Vera -ruz nni1 lne prospects of a peace-, peace-, ful settlement are i j growing more and i 1 more remote. In pro- x I tcst aS"inst the re" t-Cl, ,1 cently enacted law of X ca.V. . . -4 t)e state limiting the BishopValencia m""beV of Psts. Rt. Rev. Rafael Guizar Valencia, bishop of Vera Cruz, has Instructed In-structed all Catholics of the state to abstain ab-stain from attending dances theaters and other festivities until the conflict between the church and government Is ended. The bishop also has Instructed In-structed his priests to keep their churches open, even If the state forbids for-bids services conducted by priests. JOSEF STALIN has made public the new policy of Soviet Russia In dealing with the bourgeoisie and the kulaks of well-to-do farmers. These classes, hitherto suppressed, persecuted and exiled, are now to be conciliated to an extent If they will consent to co-operate with and labor for the Soviet regime. The rulers of Russia have discovered that the brains and skill of the old order are needed to meet the growing demands of agricultural and Industrial development. devel-opment. As part of the new order of things Stalin also presented a program entailing en-tailing radical changes in the government's govern-ment's policy toward labor and industry indus-try to insure the success of the five-year five-year plan. - JOHN D. ROCKEFELLER celebrated celebrat-ed his ninety-second birthday quietly qui-etly at his home In Tarrytown, N. Y. The only event of the day was a family fam-ily dinner attended by Mr. and Mrs. John D. Rockefeller, Jr., their married mar-ried daughter, Abbie, and her husband, hus-band, David Milton, together with four other Rockefeller children. To the press Mr. Rockefeller said : "These occasions offer me a very welcome opportunity: first, to express my gratitude grat-itude to the many, many friends who not only at this time but throughout the year have shown their kindly regard re-gard for me; and second, to wish them and theirs and all the world a large measure of health and contentment, con-tentment, which are the basis of real happiness." BILLY BURKE of "" , Greenwich, Conn., te!?lv professional golfer whose real name is f -Burkowski he Is a LL Pole is the new open !C1 T?" golf champion of the United Stntes, wear- ?-JtIL!: ing the crown which Bobby Jones laid -aside. In the tourna- gg; ment on the Inverness course at Toledo, Billy Burke Burke and George von Elm of Detroit tied for first place with cards of 202. Next, day they undertook to play off the tie at 36 holes, and again tied. So on Monday the second play-off was staged and Burke won by a margin of one stroke, finishing the longest tourney in golf history. Burke had a total of ,r)80 strokes for the 144 holes played In the five days of their battle, and Von Elm had 5!K). This was slightly over an "average of 4 for each hole. THOUGH Max Sehmeling of Germany Ger-many won a clean-cut victory over Willie Stribling in their battle In Cleveland, defending his heavyweight heavy-weight title, he is still out of favor with the New York state boxing commission. com-mission. Chairman J. A. Farley of that body is quoted as saying: "Sehmeling will never meet another boxer In New York as long as he refuses to meet Jack Sharkey again." The New York commission gave Sehmeling the title when Sharkey fouled hir., but, according to Farley, It does not consider him the champion. cham-pion. NOTABLE among the deaths of the week was that of John Brishen Walker Ln Brooklyn. For many years he was often In the public eye as a soldier, business man. writer and editor edi-tor and crusader for world peace. The duke of Aosta. cousin of the king of Italy, also passed away, to the great sorrow of the Italian people. He won considerable fame in the World war. ((c). 193L Western Newsoacer Union. |