Five Mile Beach weekly journal., 1920-10-29

ng British coal Miners.
their mistake and promised to e~vacuate
! the territory. 1t was then announced
that the representatives of the two
countries would begin the negotiations
at once. According to a Rome paper,
if the Jugo-Slavs refuse to accept the
Italian proposals Italy will resume her
complete liberty of action. 1t is de'
clared Italy will ask that the frontier
be fixed along the crest Of the Julian
Alps and that independence be granted
Fiume, which will have territorial con-
tiguity with Italy, besides liberty Of
cara n the possession Of several
islands along the coast.
In reply to the identical British and
French note regarding the occupation
of Wilma, the Polish government
neither refuses nor agrees to complete
ly disavow General ~Zellgouski's action
in entering the city, but urges a fur
Their inquiry and points out that Lithu-
ania has hardly become a nation yet.
The French government, it is said,
rather sympathizes with Poland in the
matter, because of her difficult situa,
ton.
The king Of Greece was still alive at
this writing, but his condition was so
serious that preparations for the sue
cession We're being made. In Athens
it was understood that, if Alexander
should die, the throne would be offered
to his brother Paul, but with such con-
ditions that he would not accept it.
Then, presumably, it will be offered to
a foreign prince, and if he refuse the
republic will be proclaimed.
Secretary of the Treasury Houston,
In an address before the American
Bankers association in Washington,
gave the country warning that there is
little chance that taxes will be- re-
duced, because receipts from income
and profits taxes are decreasing. In
order to meet current bills. including
interest on sinking fund charges, said
the secretary, and also to retire the
floating Indebtedness and a consider
able part of the Victory notes before
the close of the fiscal year 1923, tax re-
ceipts must be kept up to the level of
not less than $4,000, 100000 a year. Mr..
Houston said that on the basis of pres
ent diminishing receipts the total for
the fiscal year 1921 may lot materially
exceed that figure.
There is little immediate prospect of
the payment of the wal debt of foreign
nations, according to Mr.. Houston, but
he said he did not believe the people
would receive with favor the PROPOSE
ton to cancel that debt since they
would have to pay taxes to meet the
interest and redeem the principal Of
100000, 900.
Discussing the general credit situa-
ton, Mr.. Houston said the farmers are
naturally disturbed and distressed"
but are seeking relief through meas
ures, ONE of which are not practical
BILE, and others of which are suicidal"
The associations thrift committee
has planned ii three year thrift cam
paign to reach every family in the
country that has no bank account.
'The recent orgy of extravaganza" de-
clared the committees report, has in
Dictated very clearly the need for more
popular realization of the need for saw
ing when and as the opportunity pre-
sents itself. The time is at hand when
thrift and saving will be regarded as
not only possibilities, but actual neces-
Sites"
Small saver are to be the chief
source in financing the normal growth
of commerce and industry, the report
hsaid, adding that present tax policies
offer a serious check to increased in
vestment by holders of large wealth.
Tho of American affairs IN