The Arvada enterprise., 1922-01-19

Washington conference announced
Already steps hive been taken to
start the rehabilitation Of Europe. The
economic committee Of the supreme
council has decided upon an interna-
tiOnal corporation with II capital of
f2.OOOOOO (abOut xs.OOO.OO) with It's
directors nominated by affiliated com
panies In each Interested country.
These countries, including the United
States. will organize corporations for
promotion only, with II combined capi-
tnl equivalent to f2OOOO.OO tnb"ut
Sso.OOOOOO. These corporations will
serve AS mediums for credit trans
actions and to facilitate the activities
OF private enterprises In all countries
where the business field now is OBJ
structed by lack Of credits and dis.
organized finances. This plan pre-
supJsoses the organization Of affiliated
companies In Germany Ms well IN In
the United States.
FINAL formulation Of the naval
= Limitation agreement In the WASH
!ngtOn conference was delayed by sew
erut matters. One WAS difference
Of opinion A. 10 the methods OF scrap
ping the Us capital ships that ARE to
be given up BY the United States,
Great Britain and Japan. Six op-
tiOnal methods are prescribed, and
Mr.. Balfour objected to the PROPOSE
tion Of Mr.. Hughes that the bulk Of
the retired ships he destroyed xb-
sOlutely. The British were not will.
Ing to say yet what tonnage OF the
eliminated vessels they would convert
TO peace time uses. No doubt was
felt that this dispute could e ad-
juste,l smicably. Another cause of de-
lay wSs Baron KatOs desire TO get
further instructions from Tokyo com
cerning the agreement to maintain the
status quo Of Pacific ocean naval
bnses and Notifications. The question
was ns to what Japanese islands
should be excluded as comprising
Japan proper"
Negotiations regarding Shantung
were resumed last week by the Jap.
anese and Chinese delegates and II
WIS predicted IN agreement would be
reached before long. Consequently
the delegates Of all nations In the con.
ference began drawing up Y nine
power treaty dealing with fur eastern
affairs and especially with Chinese
questions. II is believed this will de-.
lay the adjournment Of the conference
until the end Of the month.
nAn. ElREANN having accepted
- the Irish peace treaty. III. parlIa.
uent Of southern Ireland last Sntur-
day completed the action by formally
rStif!ing the pact. and tive Irish Free
State Is In process Of being con-
stituted. EauOn de Valera resigned
On Monday as president Of the Irish
republic and his reelection was
moved. The motion was lost. rs to
NJ. and for few moments uc Valera
appeared a. really great man. de-
clarinE lie would loyalty accept the
decision. would do sll he could to
avoid embarrassing the new govern
ment. and would even help II when
that was possible without sacrificing
his principles. Later the Sim Fein
irrcconciiable women persuaded him
TO modify this generous position, and
the chances Of unity In the ranks faded
away.
Next day after message Of con.
graduation to Ireland from the pope
had been read. II was moved that
Arthur Griffith be elected president
OF the paii and n hot debate cnsucd.
Finally DE Valera and his supporters
walked out OF the hall and III. G5
remaining delegates unanimously elect.
ed Grifflih. The new president ut
once announced that his cabinet would
be as follows: Minister of finance.
Michael Collins: Foreign minister,
George Gnvnn Duffy Home minister.
Eamon \. pugInn; Local government.
William Cosgroyc: Economic affairs,
Bryan oIliIgins: Defense. Richard
Mulcahey. These. then. are the men
who will constitute the provisional
government Of the island to which the
conduct NJ AFFAIRS will be turned over
by the british authorities rs rapidly
ns possible. The boilers returned IN
the afternoon and In Valera stated.
though he considered Griffi,h's position
impossible. he would do nothing to
hamper him 80 long as he did not
appear 10 be- subvertIng the republic.
Later lie Valera told y correspondent
thar lie would refuse to recognize
any nyern mont hut rho trish rar,,hlI.,