Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-12-10

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SATURDAY EVENING, 10. 1921.
.= EVENTS OF A WEEK.
After hope had almost disappeared that the
Irish question might yield to adjustment at this
time, and it was reported that the conference in
London had practically abandoned its work, an
agreement was reached with startling spddenness
by the British and Irish representatives present,
and the gloomy forecasts were changed to confident
predictions of an early and amicable settlement Of
The long existing Irish problem. The terms of the
agreement are in substance that Ireland shall re-
ceive the status OF a dominion of the British en-
pire, similar in most respects to that of Canada,
with the proviso that Ulster may within a month
after the completion of the agreement withdraw
from the Irish dominion, in which case, her boun-
daries are to be established by a joint commission
in which the three groups shall be represented. A
form of words has been prepared which satisfied
the Irish representatives who had objected sttenu-
ously to an oath of allegiance to the kind. This
agreement was signed by all the delegates and ar
rangennents have been made now for its submits.
sion to the British parliament and the Irish republi-
can parliament next Wednesday. Mr.. DeValera
has injected a note of discord into the otherwise
harmonious situation by opposing the ratification of
the agreement. This has caused some anxiety and
it seems certain there will be 4 lively contest when
the Dali Eireann meets next week. The general
impression appears 10 De, however, tnat the agree
ment will be ratified. Two OF the delegates, Grit
fifth and Collins, are regarded as unusually strong
men, and it is believed that all but the extremists
viii follow their recommendations. The national
list group in southern ireland, which has been in a
state of eclipse since the rise of Sim Fem, is ex-
pected to give open and active support to the rati-
fication OF the agreement. The news that some
thing giving promise of 4 satisfactory settlement
had been reached was received with qualification
throughout the world, and there has already been
~ Ah~ 1~~~.- IA 1:~l --..- -
expected to follow the Inauguration of real peace in
the release OF some 1900 persons who had been in
termed in ireland because of their political activities
against the British government. The action Of the
Two representative bodies next week will be await
ed with intense interest and with great hope.
The Canadian general elections have just been
held and the Conservative majority in the dominion
parliament has been completely overthrown. From
a place where it controlled about half the member
party has been ~relegated to third place, second place
now being occupied by the new Progressive party
which seems to be just coming to the front. The
Liberal strength in the house is now exactly what
Tins presagcs the adjustment of the Canadian tariff
on a basis of lower rates than would have been
urged by the Conservatives had they retained pow
er, It may also presage the reintroduetion of a
resolution for the ratification of the reciprocity
agreement with the United States, and this is GER
S-NA - D@N0 s"~~ y 81 W SS N~sAsA~
Of the American congress.
The changing of the valuation of the English
pound has been discussed fox some time; and there
that the embarrassing exchange situation which
has existed for some time be remedied by yaluing
the pound sterling at Is shillings instead Of 20 as
at present, a course which would bring the pound
to par or better at the existing market price. This
plan has been considered by a gathering of British
bankers, and is disapproved by them in no uncertain
terms. The men who have expressed themselves
on the subject at this gathering stand squarely on
the policy OF retaining the original valuation of the
Npound in the interest OF sound and stable currency
and of repairing its market standing not by cheap
eniflg it, but by a course OF national economy and
careful and consistent repayment of Indebtedness
which will re-establish the value of the pound
through establishment of credit and the revival
Of trade conditions. Thus the decision seems to be
in line with sound business policy, and it will tend
10 strengthen the British credit throughout the
world.
The Sixty-seyenth congress opened its FIRST
regular session last Monday, in accordance with
law. and there have been placed before it, as usual,
the reports Of the heads of departments, with their
Recommendations One of the important features
VS. the presentation of the budget prepared under
IT. new rules ~ direction OF Director Dawes. This
bedert calls for the appropriation of 2 tride over
90 for the coming fiscal year, a reduc-
~ Sof about $500, 900, 600 from TIKI. estimates made
ss0DFr1e months ago on the MINIMUM sum which
would be requred. Il this is followed there will
chstSaof government from the peak reached during
the war period.
ii the presidentis address, which was delivered
Id persons emphasis was placed on the satisfactory
prDE1ess Of the armament conferences, and the foun-
dstion was aid for some lively discussions IN con.
gress bys The recommendation made for the grant,
ing scf a,fthhrity 10 the executive Department ia
nakesarIangesnents for tie funding pf he indebted
ness of other nations stos ~, and fos eonfeSfing On