Evening star., 1922-10-08
BY HENRY ". BUNN.
.HE following Is brief summary Of
the most important news of tho world
for the seven days ended October Z;


r. the most important news of the world
for the seven days ended October Z;
United states Of Ameriea-The country Is
very glad to learn that through the efforts Of
the women Of Fredericksburg. Va, Kenmore.
In that town, the home Of Col. Fielding Lewis
and his wife Betty (nee Washinston). George
washingtons sister, has been saved to be.
come a national memorial. The house was
about to be torn down and the fine grounds
ito be cut up into building lots when group
of Fredericksburg women (to whom one dons
ones hat and bows low) stepped In and raised
the money required to prevent the desecra-
ton In itself, apart from it's charming asso-
Citations the house is worth saving. 1t was
built about 1852 of brick, with walls two feet
thick. Washington himself designed much
of the interior decoration and sent two Hes
sian woodcarvers Captured at the battle OF
Trenton) to execute details of the woodwork,
which is said to be of great beauty and re-
finement of design and elegance of execu-
tion. Washington who was devoted to ms
sister Betty. was frequent visitor at the
house. ,., .o,vsnt,on ~ the
the Hotel Commodore New York city, October
s-5 New York was really quite e1catsdi Tor,
dearly loves lord. your American dearly
The convention devoted itself chiefly to
consideration of the problem of international
debts. which includes the problem Of German
the subject was made by the Rt. Hon. Reg
inald McKenna, one-time chancellor of the
British exchequer, now chairman of the Lon
don Joint City and Midland Bank. 1t was a
speech Of admirable lucidity and persuasive
ness. The views expressed by Mr.. Mckenna
appear to have been generally accepted by
the delegates.
The convention resolved follows: I'VE be-
lieve that the time has come for the govern
ment of our country to formulate the prin-
with other nations to bring about the needed
rehabilitation Of European countries and
urged to enlarge the powers Of the debt re-
funding commission and the administration
giving full oficiai. status to our 'unoficiai'
representative on the reparations commission.
has accumulated resources in the form Of
foreign investments. can discharge external
ALVEY small amount n Britain alone OF she
debtor nations he declared, has in her
the very great sale Of securities to the United
States during the war, totaling between ten
m and billion he the %
France. before the war. owned about six bill
lion Ion. dollars @ % worth Of foreign securities, but
less. The allied debtor nations, other than
Britain. receiving little by interest from for
eign investments "are none of them in a posi-
tion to meet more than small part of their
external liabilities. and in the existing CON
terest Of all parties. The actual amount
ascertained by inquiry into their exportable
surplus (excess of exports over imports and
payment. Of external services) at a full and
frank conference between creditors and
debtors"
He pointed out (what has been pointed out
before. but never SO lucidly, perhaps) that the
increase of the exportable surplus of any Of
the more heavily indebted nations derived
from excess of exports over imports to a
volume adequate to the extinguishment of ex-
ternal obligations could only be achieved at
the expense of the trade of the creditor
nations.
Coming to the special case of Germany's
foreign debt (for reparations), he applied the