, 1920-10-28

their mistake and promised to evacuate
the territory. 1t was then announced
that the representatives of the two
countries would begin the negotiations
at once. According to n 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
or 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, 1t 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 were being made. In Athens
1t was understood that, IL 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. 1t will be offered to
a foreign prince. and II 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 IL
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 e 1923, tax re-
ceipts must be kept up to the level of
not less than $4.OOO.OO0. 900 a year. Mr..
Houston said that on the basis OF pres
ent diminishing receipts the total for
the fiscal year 1921 may not materially
exceed that figure.
There Is little immediate prospect Of
the payment of the war 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
$10,OOO,OO0,O 900.
Discussing the general credit situa-
tion, Mr.. Houston said the farmers ara
naturally disturbed and distressed"
but are seeking relief Through meas
ures. some Of which are not practica-
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.
IN recent orgy OF extravaganza" de-
clared the committees report, has In
dicated very clearly the iced for more
popular realization OF the need for saw
Ing when and as the opportunity pre-
sents itself. The time is ut hand whom
thrift and saving will be regarded .a
not only possibilities. but actual neces-
stiles"
Small savers are to be the chief
source In financing the normal growth
of and industry, the renort
said, adding that present tax no,t.,..