, 1921-09-01

each or a total of S430. 900. Although
this was less than the estimated aNer-
age cost of one of the ships. the board
agreed to accept the offer. Most OF
the vessels have been lying die In
the James river and II has been cost
ing the board almost $4,000 a month
to care for them. Twenty ships were
reserved to be sold at highest prices
and fifty others may he kept for use
as pontoons for the building of the
proposed bridge across the Hudson
river.
The peace treaty with Germany has
been completed and last week was
shown to the members of the senate
committee on foreign relations. and
also TO other senators. All who saw
1t expressed their approval of the
pact. and 1t was to be signed in Ber-
lin. II must nov be ratified by the
senate and the reichstag. The treaty
provides for the resumption of diplo-
matte and commercial relations be-
tween the two countries, awards the
,h'''b ohai'S nv VI Nitlols
specified In the Versailles treaty, and
provides for h payment by Germany
Of American war damage claims. A
similar treaty has been negotiated
with Austria and signed at Vienna.
Unless the Dublin correspondents
are wrong. another impasse In the
Irish peace negotiations has been
reached. De Valera, Dali Eireann
and the Irish republican council, after
long debate. have drawn up their re-
ply to Lloyd Georges offer and dis
patched ii to London. Presumably it's
contents Will be made public before
this reaches the reader. 1t is assert
ed now that the British offer has
been rejected and no counter-proposi-
tion made by the Irish, but that the
way Is left open for further negotia-
ton. The Slim Fein leaders believe
the premier is not sincere when he
says Great Britain has made Its ulti-
mate offer: they think the truce will
not be broken by their rejection and
that Mr.. Lloyd George will make fur
Their concessions.
The Roman Catholic church inter
vened In the Irish controversy last
week with n message to De Valera
from the highest authority" deliv-
cred by the lord bishop of Dromore.
The source cf the message and its
purport were noe made public.
Federal officials have punctured a
$5Q,0O0,O00 financial bubble, they as
sert. In the arrest of Charles w.
French, partner OF John w. Worth
lngton, already In custody, and a num-
Der Of his associates In various parts
OF the country. These men. It is
charged, were selling stock In 20
companies. all organized by French.
and having n total capitalization of
more than $21, 100000. The federal
agents have seized about s27.OOO.OOO
in suspicious paper n are getting
confessions from several OF the gang.
Developments In the case are coming
daily.
or concrete Interest II the South
n at least academic interest In the
rest OF the country is the decision OF
Federal Judge Boyd In Greensboro.
n. g.. holding unconstitutional the
federal law imposing a tax Of 10 per
cent on the profits derived from prod
ucts on which child labor r. en-
ployed. Regulation OF labor, Judge
Boyd ruled. is one Of the powers re-
tained by h states and not delegated
TO the federal government. State
child labor laws are adequate 10 care
for the situation and provide a pen
atty, not n tax, as Is proposed by the
net Of congress. the decision said.
The attempt ~ the federal govern
ment to regulate labor within the
state Is a u%surpation Of authority and
n violation OF the sovereign rights OF
the state, the Judge decided.
The Pennsylvania Railroad com
pany has again challenged the right
~ the federal railway labor board 10
dictate the roads policy In dealing
with lis employees. and has renewed
the fight for the open shop. The
Pennsylvania. In an application fled
by Samuel Ren. president. denied the
legality OF the boards refusal to rec
ognlze n recent election Of representa-
tives Of the railroads employees. The
ballots which selected them made no
provision for unions as such. and the
board ordered n new election. prescrlb-
ing the form OF the ballots. Agree
ments entered into subsequent TO the
as~t aIaaflaU saara Ia,I..AH IL