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Show Economic Highlights Outstanding news alfectlng all natiorv. con frcm nn cilic; in th: Quai c'Orsay, Paris, wilcr? PrEmior La Ml of France and j-'oreisn Sec- t.uy Sir Snmu.il Hoara of Great Brita.n authored a p.opceial that has s:(t the world by its ears. Great Brita'n and France have led the L'agite of Natiem,3 In -e king a gclution to tha atai'ian-Efihij;pian atai'ian-Efihij;pian embrcglia. In thi past, Lhei).': two na.ions have taken the praistTvorthy pecjitio:! of gr at ixwers f eking to protect little ci.nl s. They have talk ie! much about h gh priricipler, about fair-dealing, fair-dealing, about justice. They have done a gnut deal to enlist world sympathy in favor of.- Ethiopia, and to c'ment it against Italy. It has b en the common belief that they would go to any ends to protect Ethiopian sovereignty. It is for that real on that tha "deal" announced by Laval and Hoaiv caused S3 great a r3verber-aion. r3verber-aion. Briefly and ncin-t)3chnica:iy described, it would give Italy eith'r outright or virtual control ' of two-thirds of Selaseie's rich "nipire-. Ethiopia would be given certain thing; in exchange, notably not-ably a new s Uport, but most com- mentators say they really would amount to T'lJe, inasnmvl as Italy weild be in a position to ! domt'natj Ethiopian affairs 10U ' per cefct. So far as Ethiopian in- , ueiAm ixee is cunoemea, ene Qeai would oeem to eliminate It entirely. en-tirely. Respon'e to the announo ment mus:; have caused both Premier Laval and Foreign Secretary Hoare to suffer a severe attack cf nerves. The propo al had hardly gam out on the wires before protert b?gan to pouf in. In the French Cham-b Cham-b r of Deputies and th? English House of Commons', members virulently vir-ulently denounced it. Newspapers followed suit, saying the deal violated vi-olated ev-ry dictate , of justice. Public feeling ran high in both countries. Mor -, impnrtant still is the attitude at-titude of the "little powers" toward to-ward the arrangement. ' These pow rs naturally make up the bulk of League membership. They have mo t at stake in making the L ague a succesr, it being obvious, for in tance, that England is far bjtfer able to defend itself from oggr's'ion tfcrn are Finland, Sweden, Swe-den, etc. As one newspaper writer Said, "To all praefceal purposes, the p are plan rewarded faieisit Italy for it- aggress'tn against Ethiopia.-' Small nations realise hat on some nct-far-distant day thsy may b in tlie pcisiticn Ethi-ciia Ethi-ciia i in now, with a b;g n' igh-bor igh-bor seeking to take over their lei -r tory. So, to t-hse small nations, th- Laval-H are proposal is aa unsavory an anything could be. Result ir. lik'ly to be trouble inside in-side tlfe Leagu", with small nations na-tions trying to wrest. League Lead-ershi Lead-ershi ffrom England and France. to t ;t in other, leai important r.atieina It is obvious that an in- renal battle cf that sort would weaken th power of the League. Interesting s'de'ight cn Mui'sol-ini'i Mui'sol-ini'i attitude Is theit hlj finds the Laval-Hoar?; proposal unsa4isfac-tory unsa4isfac-tory because, even though it would givti Italy so much, it still falls below hes "minimum demand ". The only inf rerice to be made is that hn plans to go ahead, to the face of wcrld op'nioini and samc-tlctrvs samc-tlctrvs will fight any or all the nations before giving in. Thus, new compl'cationls arise in Europe and eveTy one of thesa cemplicat'ons, producing as they do hatred, misunderstanding and ang'r, augment the poseibility of a major war. It Is far this reason rea-son that the Italian-Ethiopian trouble is of great interest to America, wh'ch would be critically aff'ct d by any major war. Tne Amercan State Department fill! carries on it- careful, neutral policy poli-cy officials havn: little to say, but ho cabl's are humming between Washington and our embassies csn.d ccn'u's. Business Week recently rec-ently raid that ''Rcosrvelt has de-idld de-idld to ask (the next Congress) for full discretion, not only as to commcd:.rirh to be barred from export ex-port in war, but as to nat;ons to which embargo shall apply when the blggiT war cornea along and threatens to suck us to." Other big nrws of the week llke-wie llke-wie coirfs from abroad this time from London, where delegates to the naval conference are struggling strugg-ling with the old and growtna problem of parity. This problem rot only has a great b'aring on the mainfnance of peaces it' means much to the pockeLbooks . of the taxpayers of the nations 'nvo'ved. particularly tho-e of the three greatest naval nations, England, Eng-land, Japan and the United States. At the pie-'er.t timei, under tlia Vrni cf Uie treaty which is aLxit tc expire, Janan is p rmitted thre: tens of fighting ship for rcry fiv;- toiv poss s ed by Engand and U S. Ergland and America want tho t-tnty renewed on this basis Jiipan coes not. Inking, of troubl-' ahead came when Amclr'cae'j ek-lit l Norman Davis proposed a 20 per cent reduction re-duction in" fighting craft by all nations. Japan raid she was willing will-ing to cut her navy as much as any other powr but that she must have equality with England and ur. There ar,- two sedutlons, both tm a if-fa rtory: One Is for England ard the U. S. to accede to Jap- an s: d'mands, which they do not want to do. The other lies in a naval build hg race, which wou:d co t untold billions cf doliara. |