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Show News Review of Current Events the World Over Var Debts Injected in World Conference Britain Pays Installment of Ten Millions Final Doings of Congress Before Adjournment. By EDWARD W. PICKARD RAMSAY MAC DONALD threw a fair-sized monkey wrench into the London economic conference machinery machin-ery In his opening speech, but the r I wheels hadn t realty begun to revolve, so the mechanism was not wrecked immediately. immedi-ately. Whether it is ultimately to operate successfully depends on diplomatic skill or on the complaisance complais-ance of Cncle Sam. In the middle of an otherwise well-or- dered address, the Kamsay Britl h prime rainls. MacDonald . ,, , , ,. ter suddenly Interjected Inter-jected the war debts issue, despite the fact that It was not on the ugenda of the conference. That question, he declared, de-clared, "must be dealt with before every obstacle to general recovery has been removed, and it must be taken up without delay by the nations concerned. con-cerned. Lausanne has to be completed complet-ed and this vexed question settled once for all In the light of present world conditions." Delegates from all parts of the British Brit-ish empire and possibly those from France were not surprised by Mac-Donald's Mac-Donald's action, but Secretary Hull and his brother delegates from the United States did not attempt to conceal con-ceal their displeasure with what they considered at least a display of poor taste. Mr. Hull was soon in telephonic tele-phonic communication with Washington, Washing-ton, and as a result his address to the conference which was to open the second day of the parley was postponed. post-poned. Among the other speakers of that day, however, were Guido Jung of Italy and Gen. Jan Christian Smuts of South Africa, both of whom backed up MacDonald's stand. "We firmly believe," Jung said, "that there is a preliminary problem intergovernmental debts arising from the war. An armistice was signed for them at Lausanne. A final settlement now is Imperative." Smuts was even more offensive to Americans, frankly blaming the United Unit-ed States for the deplorable plight of the world. Chancellor of the Exchequer Neville Chamberlain seconded the remarks of MacDonald about war debts, and also said tie crisis In world economic conditions con-ditions makes restoration of the gold standard absolutely Impossible at present. pres-ent. He favored multilateral treaties for lower tariffs, provided the reductions were actual and tangible, that they covered a wide area, that they did not Impose undue sacrifices on lower tar-r tar-r Iff countries and that they did not lead to economic warfare. He emphasized ; the necessity for cheap money. WHEN Secretary Hull arose, the third to deliver his address, It was expected he would make some sort of reply to the war debts demand. de-mand. Ent he was silent on that subject, sub-ject, devoting much of his speech to argument for a renewal of the tarifT truce promulgated by President Roosevelt Roose-velt This must be followed, he said, by removal of trade barriers, elimination elimina-tion of excessive tariffs, stabilization of exchanges and abandonment of nationalistic na-tionalistic economic policies. "The world cannot longer go on as It Is going at present," Hull said. "A successful meeting of this conference confer-ence In my Judgment is the key to widespread business recovery." POSSIBLY more threatening to the success of the conference than the injection of the war debts issue was the demand of the French, represented by Premier Daladier, v-that v-that the dollar be ,f stabilized before the matter of tariff re- f ductions and re- ci moval of other trade 1 barriers be taken up. Iioth the dollar and the pound, lie Intimated, Inti-mated, must be sta- blitzed on a gold -basis at the earliest .j.r.. l A. C j pnsHihie rnninfTit. "We feel we must Premier end the currency Daladier war," Premier Pnladlcr declared. "The maintenance of the gold standard Is Indispensable. How can circulation Of goods be re-established If their value depend! on luck and hazard? Vim t would you say to an architect or builder who used an elastic foot-rule?" foot-rule?" America's hope for success of the conference was built upon a world tariff truce, and the French believe they have blocked this for the present at least. They assert this would mean nothing so long as currencies urf. fluctuating. Only 15 of the nations rcprc'-oiitc In the conference nilljerofl to the temporary tarifT truce which was to la-l during the life of the parley, par-ley, and one of t!io:-o, Franco, nmv r,,. fU'l to renew m pleilgi. under exist-log exist-log ci rctl m- t II nre-i. Willi, i; tins sort or talk was going go-ing on In the conference hall, Cnat Britain and Italy were plan ning to evade payment of the greater great-er part of the installments due the United States on June In, and France was calmly Ignoring the fact that she also was due to make a payment on that date, her government being determined to do nothing about it. The British offered to pay $10,000,000 of the $70,930,000 due. President Roosevelt's reply to the British' offer, eagerly awaited, was that the United States would accept the partial payment only with the explicit ex-plicit understanding that the money was Just an Installment on the sum due and that such action should In no way invalidate America's claim to the unpaid remainder. Mr. Roosevelt advised the British that as soon as possible they should make whatever representations for a revision of the debt they desire to offer, and in Washington. He said he had no power to reduce or cancel the debt but would submit the results of the negotiation to congress. Under the new inflation bill the President is authorized to accept silver In payment of debt installments at the value of 50 cents an ounce. So the British paid in silver obtained from India. TTTAR debts, as much as discord over the matter of war veterans' benefits, caused delay in the adjournment adjourn-ment of congress, though the latter question was the ostensible reason. The senate appeared determined to stay In session until It had learned all there was to know about the offers of partial payment and the President's response. The senators had known for a long time that Mr. Roosevelt wanted them to get away before June 15, and Robinson of Indiana read to them cabled dispatches from London saying that Chancellor Chamberlain was waiting for congress to adjourn before announcing his offer of 10 per cent payment. So they decided to stay on the job a little longer. On the surface the delay was due to disagreement over the modification of the President's program for reduction reduc-tion of veterans' benefits, a part of the independent offices bill. The house had accepted the compromise, but 20 Democratic senators and Sbipstead. Farmer-I.aborite. Joined with 27 Republicans Re-publicans to recommit the measure. Then the senate adopted the Cutting-Steiwer Cutting-Steiwer amendment, which would increase in-crease veterans' compensations by about $13.". 000,000. though the President Presi-dent bad said he would go no further than $1iX),OoO,0. It was expected the house would accept the senate plan and that Mr. Roosevelt would veto the entire bill. Rut the house showed signs of going along with the President, Presi-dent, so the Democratic senators changed their mind and, after a hot debate, accepted the program it hail previously rejected. The bill was passed by a vote of 45 to 30, and what had seemed to be the first defeat for the President was turned into a victory. vic-tory. Congress then adjourned. TN OTHER respects the senate acted swiftly In completing the legislation legisla-tion the President had asked. The Important bills enacted Included the almost terrifying Industry control-public works measure; the G'ass-Stengall banking bill which makes provision for limited deposit guarantee January 1, 10'M, unless In an emergency ordered or-dered earlier by the President ; and the fourth deficiency bill carrying the largest appropriations ever made In peace time. The home owners' loan act pelting up a ?2.200,ono.rifo corporation corpor-ation for home loan mortgage relief already had been passed and was signed by the President, who at the same time Issued nn nppenl to mortgage mort-gage holders to desist from foreclosures foreclos-ures until the no'.v agency can begin functioning. The Industry control bill lir not get through without fierce opposition from 15 of the more radical Democrats and 2. 'i Republicans, all led by Senator Borah, who especially denounced the giving of vast power to Gen. Hugh Johnson, the man selected as the administrator. ad-ministrator. The senate rather Ignored the executive execu-tive order which President Roosevelt had transmitted, providing for re-groupings, re-groupings, consolidations, transfers and abolitions of certain executive agencies and functions, lie explained In his message the necessity for these changes and said they would effect a saving of more than $25.fKKi.fMXi. Many other changes, he said, were In contemplation, con-templation, and he had selected only those he believed should be put Into effect as quickly as possible. NTOW Massachusetts Is In line for repeal of prohibition, the tenth state to decide tint mailer. The electors elec-tors voted about 4 to 1 wet In select Ing 45 delegates (t, a const It nt iona I convention that, will ratify the repeal amendment. In P.oston the vote was approximately 10 to 1, and one of Unit city's delegates will he .lames Koose veil, son of President Iloosevell. u most of the communities the question of local licence was submitted and only a few of them sloml (inn against license. JOSEPH B. EASTMAN, a mein-- ber of the Interstate commerce commission, was selected by President Roosevelt to be federal co-ordinator of VT5 S"C- 5 transportation unaer the terms of the emergency railway act Eastman doesn't like -the labor clauses In the measure which prevent the reduction of operating forces, but believes that much can be accomplished in spite of them. The railroad execu- c- , tives themselves have J. B. Eastman ...... . . decided there must be savings effected in labor and decided to request organized labor to accept a per cent reduction in the basic wage scale. Their committee of nine is empowered to negotiate with the unions to a conclusion. If the nego tiations fail, there would still be a long period before a strike call. Under Un-der the terms of the railway labor act if direct negotiations fail, the federal mediation board would offer the services serv-ices of a conciliator who might spend several months In bringing the parties together. Then, if both parties persisted per-sisted In disagreement, the way would be open to arbitration. Arbitration would likely extend over a long period. Should this fail, the law provides for the declaration of a state of emergency, under which the President of the United States appoints ap-points a fact finding commission, which must study the issues involved and report within thirty days. TRS. ROOSEVELT returned home from her air trip to California in the course of which she announced the coming divorce of her son Elliott. To the Washington correspondents she explained the incident at the Dallas airport when Gov. "Ma" Ferguson and her husband failed to get Into a photograph pho-tograph with the First Lady. The simple fact was that Mrs. Roosevelt, being hungry, was eating breakfast and asked the photographers to wait, and when she finished eating, the Fergusons Fer-gusons had gone away In a huff. SECRETARY of Labor Perkins announced an-nounced the appointment of President Presi-dent Robert nutchins of the University Univer-sity of Chicago as chairman of the advisory ad-visory committee to be set up in connection con-nection with the new federal employment employ-ment service. Senator R. F. Wagner of New York and President William Green of the American Federation of I.nhor and President Henry I. Harriman of the Chamber of Commerce of the United States also have been Invited. ONE of the last acts of the house of representatives was the adoption adop-tion of a resolution for congressional Investigation of all acts of Judges and otner ienerai court agents In receivership receiver-ship cases, the sponsors spon-sors being S:ibath of Chicago and Cel-ler Cel-ler of New York. Representative II a t-ton t-ton Summers, Texas, Democratic prosecutor prosecu-tor and chairman of the house Judiciary committee, said Chi- enen would lo nni r .i . . . Judge F. E. or the first courts to ... , . . it... Woodward he the subject of Inquiry, In-quiry, because of the Chicago Hnr association as-sociation report comltMnninc the actions ac-tions of JinJe Frederick K. W iwnni In allowing nearly a quarter of n. million mil-lion In fees to his son's law firm as re-reivers' re-reivers' counsel. The bar association (lirl not reflect on the Integrity of the JutK'e or the law firm, but condemned the practice. CHANCELLOR FN IFKHKKT n LL-Fl'SS LL-Fl'SS is determined that Austria shall not be infected with Ilitlerisrn, and the KVfirnrnent is carrying on a determined de-termined war ncainst the Nazis, who are accused of plaiting to Inaugurate a reln of terror there to be followed by n coup to seize control of the country. coun-try. All known Nazis in the country are beinj; arrested for quest Inninc by the police, who dert more than 10 ter cent of them are flernntw. One of tli eir alleged lenders, Theodore Ilabhht. was claimed by the (lerman minister to be an employee of Ids legation, le-gation, and the minister protested sharply when llabicht wns arrested. Tn retaliation the Prussian secret police po-lice expelled from Germany Pr. Irwin Wasserhaeck. chief of the press department de-partment in the Austrian legation in Berlin. Nat u rally rein t ions be ween derma ny a nd Austria were near tho breaking point. IS A statement addressed to the League of Nations, the Soviet government, gov-ernment, and the signatories of the nine power pact, the Southwest Political Poli-tical council condemned China's truce with Japan as a pact of surrender which the Nanking regime can Implement Imple-ment only by precipitating a civil war. The statement said the council would be compelled tu take steps to safeguard the honor and vital Interests Inter-ests of China as a nation determined not to be conquered. Paraguay has notified the League of Nations that It will not accept the latest lat-est proposals of t lie lea i :ue fur arbl-tration arbl-tration of Its quarrel with P.idivla over the Cran Chaco territory. Tl I K prince of the Asturias, son of former Kim: Alfonso of Spain, Intends In-tends to marry Kdelmlra Sampedro of Cuba, a commoner, despite his fniher's objection, Pispatrhes from Paris say the prince, nt the demand of AH'orc-oVi enii: 'ary. sijrned a document rem nine i i itr ail rights to the throne for himself a ii 'I his descendants In favor of Ids brother hon .Jaime. C. J!'S3 Wt"in NVuhdh jr L'nlun. |