The Raymer enterprise., 1921-09-01

each or total Of $43O,000 Although
this was less than the estimated aser-
age cost Of one Of the ships, the board
agreed to accept the offer. Most Of
the vessels have been lying Idle in
the james river and II has been cost
Ing the board almost $50000 month
to care for them. Twenty ships were
reserved to be sold ut highest prices
and fifty others may be 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
It expressed their approval of the
pact. and It was to be signed In Ber-
lin. II must now be ratified by the
senate and the relchstag. The treaty
provides for the resumption Of dipl0-
matte and commercial relations be-
tween the two countries, awards the
United States the fruits Of victory
specified In the Versailles treaty, and
provides for the 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 1t to London. Presumably Its
contents will be made public before
this reaches the reader. II Is assert
ed now that the British offer has
been rejected and no counter-proposi-
tlon made by the Irish but that the
way is left open for further negotia-
tlOn. The Sim Feln lenders 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.
thpr concessions.
The Roman Catholic church inter-
vened In the Irish controversy Inst
week with a message to De Valera
from the highest authority" deliv-
cred by the lord bishop Of Dromore.
Tie source of the message and Its
purport were not made public.
Federal officials have punctured a
s50,0OO.000 financial bubble. they as
sert, In the arrest Of Charles W.
French, partner Of John w. Worth
lngton, already In custody, and num-
ber 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 a total capitalization Of
more than $21.0O0.000. The federal
agents have seized about $27.OO0OOO
In suspicious paper" and are getting
confessions from several Of the gang.
Developments In the case are coming
daily.
OF concrete interest In the South
and at least academic interest In the
rest Of the country Is the decision Of
Federal Judge Boyd In Greensboro.
n. c.. holding unconstitutional the
federal law imposing tax Of 10 per
cent on the profits derived from prod
ucts on which child labor Is en-
ployed. Regulation Of labor, Judge
Boyd ruled. Is one Of the powers re-
tained by the states and not delegated
to the federal government. State
child labor laws are adequate to care
for the situation and provide a pen
atty, not tnx, as IL proposed by the
act OF congress. the decision said
The attempt Of the federal govern
ment to regulate labor within the
state is usurpation Of authority and
violation Of the sovereign rights Of
the state, the Judge decided.
The Pennsylvania Railroad com.
pany has again challenged the right
Of the federal railway labor board to
dictate the roads policy In dealing
with Its employees, and has renewed
the fight for the open shop. The
Pennsylvania, In an application filed
by Samuel Rea. president, denied the
legality Of the boards refusal to rec.
ognize recent election Of representa-
tives Of the railroads employees. The
ballots which selected them made no
provision for unions as such, and the
hoard ordered new election, prescrib.
Ing the form Of the ballots. Agree.
ments entered into subsequent to the
first election were declared void.