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Show rim ft"; f? r1 Ji - - - ; Conference of American and Canadian oliicials on liquor 8mugslinR) with Secretary of State Ke.log-presiding. Ke.log-presiding. 2-V, reck o ! airplane in the crash of which at White Sulphur Springs, W Va. Capt Fraser Hale m air son-ice and his n,echan,c were killed. 3-Me.norlat to the late King Cons anttne of Greece made of field pieces and shells, Just unveiled In Athens. " ' ue NEWS REVIEW OF CURRENUVENTS Caillaux Scores Heavily in His War Debt Agreement With Great Britain. By EDWARD W. PICKARD tOSEPH CAILLAUX, finance minls-J minls-J ter of France, and Winston Church-Ill, Church-Ill, British chancellor of the exchequer, ex-chequer, appear to have "put one over" on the United States. The Frenchman went to London to fix up the Franco-British war debt affair, and after various conferences and a itormy cabinet session, Mr. Churchill mddenly offered to accept from" France 500,625,000 annually for 62 years from her own resources lrre-ipectlve lrre-ipectlve of the German payments under un-der the Dawes plan, with a partial moratorium for France until 1930. Put la others words, France is to pay Great Britain a total of $3,758,750,-000, $3,758,750,-000, representing payments of 2 per cent interest on the total debt, but no payments on the principal, which will be canceled at the end of 62 years. Caillaux naturally accepted the offer at once and it was believed it would be approved by his government. govern-ment. This all sounded nice and generous on the part of Churchill, but the Joker came in his reservation that the offer was conditional on similar terms being be-ing granted France by the United States. In his official statement he said: "His majesty's government made it perfectly clear that any arrangements arrange-ments between America and France must be governed by the principle that Great Britain- must receive from France proportionate and pari-passu payments to any she may eventually make to America. It would be no service to Europe, already so griev-ously'strlclcen, griev-ously'strlclcen, if the sacrifices of one creditor of France were merely conduced con-duced to the advantages of another. Therefore any present Anglo-French agreement should be considered as merely provisional pending the Washington Wash-ington outcome." To understand the situation, it must be remembered that the United states funded the British and Belgian debts on a basis of principal and 3y2 Per cent Interest. If now we grant the easier terms to France, it is ns-suraed ns-suraed Great Britain will ask a revision re-vision of the agreement made with us by Prime Minister Baldwin on the found that she Is entitled to the same terms as are granted to France. If we demand more proportionately from the French than Churchill asks, America will be pictured as a Shylock and France will have an excuse to ,eak oft the negotiations in Washington. Wash-ington. Caillaux, It is believed In London, "til come to Washington in advance the French , debt commission for purpose of arguing that the Lulled States he no less generous n Great Britain. He undoubtedly "as scored n great triumph and is in strong position. Churchill's stntus ls 'ess certain. His offer to Caillaux s opposed vigorously by some of s colleagues In the government nnd ' being bitterly attacked in the press. "e are predictions that he has Wrwked his career. 'resident Coolidge has let it be known that In his opinion the debt settlements with Britain "and Belgium ""Uhl not necessarily he copied in Dealing ,vlr1, France and Italy. The '"nngcments with those countries, he "iks, should he entirely in accord-?" accord-?" with their ability to pay; and e odds that they should be afforded ery opportunity to present to the "erlcnn debt commission any reason tn haVe for RsklnR 'ore U1 terms than those granted to Grpt Britain. PLANCK won another diplomatic vic-or.v vic-or.v last week when the Gorman ' "nn,e"t decided to participate in a ference of legal experts the pur-tt,'.e pur-tt,'.e ot which is to rind a basis on the? cnnvprS!tlons mav be held for Eur, Ulatl"s "f a securlry Pa,,t fl,r offi 0,X' r,0tor Couss of the foreign f.Ce 1Vas selected as the German escntatlve. French Ambassador largerie, in submitting to the Ber lin government the allies' reply to the original German proposals, included two invitations, the first for this conference con-ference of experts and the second for a subsequent definite parley of the German, French, British and Belgian foreign ministers for the purpose of drawing up treaties. It appears likely that the German cabinet's opposition to acceptance of the French demands concerning the security pact have been largely overcome, though the Berlin semi-official communique declares de-clares acceptance of the invitations does not mean that the proposed conditions con-ditions have been swallowed whole. The German comment regarding the French conditions on which Germany must enter the League of Nations is not clear. Chancellor Luther and other oth-er German statesmen have so committed com-mitted themselves to reservations of Article 16 that it will be difficult for any German statesman to find a formula for-mula permitting unconditional entrance. en-trance. But the comment indicates that Foreign Minister Stresemann and Doctor Luther are already seeking seek-ing some way in which to meet the French demands and at the same time pacify the opposition within Germany. Dusseldorff, Duisburg and Ituhrort, the "sanctions cities" which the French and Belgians occupied in 1921, were evacuated last week by the troops of those nations. Only a small waterway commission was left in Dusseldorff. The Belgians will continue con-tinue to guard the Rhineland end of the bridge over the Rhine. The way is now open for evacuation of the Cologne area by the British and this probably will follow soon. All of which helps toward a better understanding under-standing between the allies and Germany. Ger-many. BEFORE quitting the subject of war debts it must be recorded that Senator Borah of Idaho, chairman chair-man of the foreign relations committee, commit-tee, has declared his dissatisfaction with the terms of the settlement with Belgium, which he ssys are "almost universally criticized." Senator Smoot is trying to pacify him. It is believed the senate will ratify the agreement, notwithstanding the opposition of the Influential Borah. The Rumanian government has decided de-cided to send a debt mission to Washington. Wash-ington. However, Finance Minister Bratiano recently told the powers that Rumania would not be able to pay and explained why. UP TO the time of writing all efforts to avert the strike of anthracite miners have failed and probably the men will quit work on September 1. The latest offer of the mine owners was to renew negotiations for a new agreement, provided It was understood under-stood they had not agreed to abandon their oppostion to the check-off and the wage increase, "both of which we are willing to consider fully, but both of which we now believe to be unsound un-sound nnd unwarranted." The federal government, it Is reiterated, re-iterated, will not interfere in any way except to see that coal supplies are properly distributed. President Coolidge Cool-idge has been assured repeatedly that the public will not suffer nearly so much from a strike at this time as will the mine owners nnd the workers. Stocks of anthracite on hand are sufficient suffi-cient to meet the demand until December. De-cember. Massachusetts is leading the way among Eastern states in making arrangements to abandon the use of hard coal to a great extent. pEDERAL and state bureaus made r public reports last week that show great agricultural prosperity In the four Middle Western states of Illinois, Iowa, Kansas and Nebraska. In Illinois Illi-nois the corn is in fine condition and the crop promises to be the best since VWl The cotton crop In the southern south-ern Portion of the state is In excellent con.': Hon. Small grains are reported to I- sllghtlv below average, but the quarry Is favorable and the money retcms from increases in the price of when are said to have made up losses snfTcr.'d otherwise. The corn vield in Iowa Is expected to a-eraee -10 bushels an acre with a total crop of about 450.000.000. an in-cro.-'c of H5.0lXl.lW over that of last venr The expected corn crop in Ne-ilrW-a is more than 203.000,". "A ln Kansas about 100.000.000. Conditions in the Dakotas are reported re-ported about average with the outlook generally optimistic. The success of corn in these states depends largely on how soon frosts will set ln. Michigan Mich-igan reports are cheerful, with corn being estimated at about 85 per cent of normal. Potatoes are reported normal nor-mal ; beans, SS per cent ; sugar beets, 82 per cent ; and the peach crop as short. The apple crop has been estimated es-timated at 8,350,000 bushels. Crops in Indiana are expected to bring about the liquidation of many frozen credits In the rural banks, and in Ohio the agricultural condition is looked at as being the best since 1915. BEFORE leaving Washington for his home in Kansas, Senator Curtis, Republican floor leader, said the tax hearings before the finance committee in October would be brief and that the bill would be reported quickly to the senate, and that there would be special spe-cial effort to have it passed before March, when the tax returns for the next year must be filed. Senator Reed of Pennsylvania, another Republican Repub-lican member of the finance committee, commit-tee, said he would oppose Inclusion ln the new tax law of any provision with regard to capital gains and losses, holding that the government was losing los-ing revenue under the provisions of the present law taxing capital gains and would profit by repeal of the levy. VICTOR F. LAWSON, the late publisher pub-lisher and editor of the Chicago Dally News, makes ln his will what might be termed an experiment in journalism. He gave to the Illinois Merchants' Trust company full power to control the Dally News or to sell It and reinvest the proceeds. In other oth-er words, the banking company stands precisely in the position Mr. Lawson himself occupied ln control of the newspaper property, except that the earnings are to be paid over to the residuary legatees. President J. J. Mitchell of the bank assures the public pub-lic that there need be no apprehensions apprehen-sions concerning a "capital controlled press" and that the newspaper management man-agement now ln control, trained by Mr. Lawson in his methods and policies, pol-icies, will be designated by the bank to Continue the publication. Many religious, educational and other oth-er semi-public institutions benefit under un-der Mr. Lawson's will, and his relatives, rela-tives, business associates and employees em-ployees received generous bequests. His estate has not yet been valued but it amounts to several millions. SOMETHING new was sprung last week by President Saavedra of Bolivia, who has been virtual dictator of the country for several years. President-elect V'illanueva was to have been inaugurated Tuesday, but he had refused to form a cabinet composed exclusively 6f members of Saavedra's party, so the dictator postponed the inaugural ceremony and caused a motion mo-tion to be introduced in the chamber of deputies declaring the election of Villaneuva null and void on the grounds of fraud and of Villaneuva's ineligibility. Saavedra was backed by tiie army, assembled in La Taz for the purpose, and It was taken for granted the motion would carry and that a new election within six months would be called. IF TOU wish to call on President and Mrs. Coolidge in the summer White House at Swampscott, now is your chance. Mr. Coolidge has decided decid-ed that during the brief remainder of his vacation he will devote part of each day to receiving unofficial callers, call-ers, most of whom heretofore have not been admitted. At the week-end the Presidential party took a trip to Plymouth, Ply-mouth, Mass., on the Mayflower. TnE body of Ambassador Edgar A. Bancroft was brought from Japan to Chicago, where simple funeral services were held in the presence of a large number of the nation's most prominent men. The casket, escorted by military guard of honor, was then taken to Galesbnrg, 111., for interment GEN. L. C. ANDREWS, czar of prohibition pro-hibition enforcement, is getting his campaign against rum goinz. having hav-ing appointed the district administrators administra-tors and made all plans for the strategic strate-gic disposition of his army of lO.oml men. Many of the appointments o administrators are temporary. for General Andrews hopes to persuade prominent citizens dollar a yenr men to accept the posts. So far he j has not had much success in that line. |