davidaulloa/AmericanStories huggingface dataset:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-07
INVESTORS STILL
BUYING 'PENNSY'
Assurance Of Restoration OF 6
Per Cent Dividend In Near
Future the Incentive

The continued active demand for
Pennsylvania Railroad eclipsed all other
considerations in the local market. The
vigorous buying movement which started
Yesterday was resumed and was well
sustained until after midday. The
further elevation Of the stock to 44N
new top for the year. and over q
dollar above the previous high mark
disclosed a relatively small amount OF
floating stock, indicating during the
recent period Of dullness and depression
Of last months there had been steady
accumulation. As a matter Of fact this
had been evident for some time and can
be accepted as positive proof Of q re.
storation Of the @ per cent dividend
rate before the close Of the current
year.
The character Of the buying, accord
ing to the board reports, was very I'M
pressve and unquestionably was for
the Investment account, or by those who
buy not for the morrow or next week,
but for long pull in the future. At
"A the stock, with the present 4 per
cent dividend, yields 4.5 per cent. If
the 6 per cent dividend Is restored the
present buyers would receive close to Z
per cent on their investment.
No doubt a great deal Of July in
terest and dividend disbursements are
finding employment in the purchase OF
the Pennsylvania stock, because there
urc very few high grade bonds at the
moment yielding much more than or
5h per cent. With the assurance Of
the . per cent dividend in the near fu.
ture investors naturally are attracted
t., this old time favorite. This ap-
plies to big as we'll as the small in
vestor.
Movement Of the general market was
attended by little more irregularity.
The trading, however, was more active
than for some time and decidedly broad
er. In fact, there was better repre-
sentation of the local shares than seen
since the interruption Of the recent
forward swing. Dealings in the In
dividual stocks, it is true, were in
measure relatively small, nevertheless
an apparent widening inquiry existed.
Prices ruled comparatively steady
until after midday, then slight shad.
ing occurred all along the line. Re-
cessions of Il to " yere registered in
American Stores, American Railways,
=. II. IT,, Pennsylvania Salt, Lake Su-
perior and Philadelphia Electric.
Cramps continued to bring Is. Lehigh
Transit preferred, on small sales, drop
ped back 3 points to 90 from the pre-
vious sale.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-07
ale on New York Stock Exchange.
LONDON STOCK MARKET
Dollar Descriptions Dull and UnaI
tercd-OiIs EIabbv

Londnn. July Tn anticipation o,
tomorrow's usual holiday and the fort
nightly settlement, securities on tn,
stock exchange were irregular, but gen
orally weaker today. OH shares wer
quiet and flabby. Royal Dutch wa
37M, cx-divdcnd Shell Transport ant
Trading, 41l-lG, and Mexican Eagle
3 3-1G.
There was moderate degree @.
chccrfulncSs in the industrial depart
mcnt. iudson's Bay was l5-IG
Further rcccsSions in the crude arli
Gle had an unfavornblr effect on rubbr,
issues. Support being poor, the gilt
edged division dropped. Frcn h loan,
were fiat, owing to additional weakness
in the frame
Home rails were quiet, with realiz.
ing in evidence. Dollar dcScrIutlon,
were duh and unaItercd. Argentin,
rails were firm. but inactive. Renewed
selling for Continental account cause,
fresh weakness in kaiIirS, but losses were
not extensive.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-07
EXCHANGE SLUMP
.DAMPER ON MARKET
Extraordinary Weakness OF
Continental Exchanges
Checked Early Spurt

New York. July 7.--Further extra.
ordinary weakness In some Of the Con-
! tinental exchanges supplanted the
prominence given the railroad labor
situation in the preceding sessions. IT
seemed rather unfortunate when the
domestic problems were holding out
promise Of a satisfactory settlement
trouble clouds should gather again on
the European horizon. threatening some
new crisis. No satisfactory explana-
tion was forthcoming for the demoral-
tzing condition of the exchange mar
kct. but 1t was obvious even to the un-
experienced layman something out Of
the ordinary was gathering when the
German mark tumbled to .O1S Of n
cent, and with the French exchange
lowering near the low Of the year.
From n stock market standpoint hte
effect was rather difficult Of interpre-
tation, although as the session
progressed there was noticed an In
crcasing degree Of caution manifested
by the trading element. That Is to
say. in the parlancc Of the street, n
prcdisposition to shorten or reef sails
and on all ventures keep close to shore
in order to make a quick get-in in case
Of sudden squall.
Durlng the nrSt pnrt or the session
there was comprehensive broadening
of dealings and increasing activity re-
tlccting the decidedly better feeling as
to the railroad situation and continued
covering of the short interest. The
pronounced weakness of the exchanges,
however. soon eSertcd dampcning cf-
feet not only putting n brake on spec
ulative activity but also influencing
quite good deal Of profit taking among
the buyers earlier in the week. In con-
sequence, after surrcndcring the greater
part Of IN improvement scored in the
carly dealings the movement of the main
body of stocks became dull and aimleSs.
In the meantime all ndviccs concern
ing the railroad situation were more re-
assuring with all indications Of com.
pletc collapse of the strike of the shop
men. The backbone of this walkout evil
IDENTIFY was broken by the unexpected
eleventh hour decision of the mainten-
ance Of way men not to strike Mt this
time. There was also confident belief
entertained in better informed circles
of settlement of being reached in the
coal strike next week. In truth, in
certain quarters positive statements
were made of q assumptions of mining
operations within the next ten days or
sooner. No special change was noted in
the money market. Cal. money opened
and renewed into next week at Az
per cent.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-07
London Metal Market

London. July 7.--Stnndard copper. spot
fIO; futures, ~ To-. I'm, sI,nt, fl5l y
I'd; futures. lld5 Is Cd. Lead. spot. i2i
5s; futures t23 g 90. Zinc. spot f2S Is
Cd futures. f27 lTs I'd.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-07
LIVESTOCK QUOTATIONS

fhicaGO, July I. -- CATTLE Receipts
1000 mead, Market actiyc beef steers strong.
TOP maturcd steers, SlO3G; bulk beef steers
$50 Qp.S0; choice stock firm: bulls, CSC
higher; veal calves strong to higher; bulk.
LGer cows and hcIfers $5.@5 80. Gamers
and cutters. s".0O@375: bulk bologna bulls
around 50, with best heavy SAUSAGE bulls
At S5.25; bulk, vealers. early. S01060.
lIOoS-ReccIpts 10000 head. Steady to
strong with Thursdays best time, or &c TO
!Oc higher than the average. Top. sll; bulk.
good butchers. $40 500 1925; pigs. loo to
&c lower mostly so,25gD.75; heavy weight
hogs. $lO.jO n lO.7O' medium. $40 GOA 4, ,Dl
nm! S'o"c@ lGGh' tFHts 90 O. r. -
llIu,lU
SHtEp- Receipts. l3. 900 head. including
OGOU head direct to packers. Market iirm
short deck native lambs. 3l4 to city butchers
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-07

Pittsburgh, July 7.-HOGs-Eoce,,,. tina
head. Higher, HenYies. tii,g5GiiiinsS51 iig5GdSii inS1
igs hSayy 9na % G5Ifht workers.. sli75T iisSS
SHEEP AND LAMBS Receipts. o5O head
STEADY, SheGI, $3.50; lambs, }iSs'75..' "eaa
Top, $0.7J. '"'' H'bhcr'
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-07

NEW YORK COFFEE MARKET

New York. July 7.-Thc local coffee
futures market opened unchanged to an
advanc" Of 2 points this morning. The
brazilian markets are san suspended,
owing to the recent political disturb
anCcs there, but private ,,lvIccs state
that the worst Of the trouble Is over.
Traders here nre acting with caution
pending further developments.
An official cable was received from
Rio reporting the term market there
15O to 22J rcis lower, and Rio OK.
change on London to b" I'D higher.
thnt further gal"s had been made Of
valorizntion coffee. rs Rio - were
offered on Front street ut 1Ol4 cents.
Futures We're neglected late in the
forenoon
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-07
German Bank Statement

Berlin. Ju, Tho statement Of the I'm
rcrial Bank o.. ' many rs OF June 80 shows
tn" following '.Ig,s N marks: Total coin
and bullion. .HCr'ascl 40 900; 6uH de-
creased, 1000 treasury and loan H4socia-
ton uUtes. Increased 3i5i 100000, notes Of
other hani q, Il or as,d, 1850, 900; b!Ns of
EXCHANGE and ChtVur. MCror 'cd 5U0 ~ 1000:
discount and treasury bills, increased
ls,5u' ,0TG.0OO. advances decreased, S2ln,'
other assets drcrcaaed .,37L.7i, 900; notes
in circulation Increased ll,gTG, 5Gi 900; de-
pOsits increased 7 GS3,577 600. other liza bill
tiles decreased ! .0I3 0Gl ,OGO; total gold hold
Ingy, GOA, 800 600.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-07
US. Certificates and Treasury Notes
Raw SUGAR Active and Firm

New York. JuY 7.--rhe raw FuGar n,r.
t,r July shipment pGotcd at 3 I3.3a, cost
and freight. and fpr August shipment at
3 II 80 to 81 cents. cost and frouht In
addition to the snloa r"pUrrud ycatorlay ort.
port r"hO'rs acquired 1000 trng Philippines
of which $500 tons arc due the middle IL
August at 3 cents. c. T. and 1890 tons duo
ia y and August IN thu same hasis. Imy0r-
tlt|Ors We're extremely liCht. consisting ~
"3NO bags Philippines to the National SUGAR
Refining Company, and 900 bags ro'omIinnp
~. loutm - G.rr!I. =, TIE l".l ,ii4,d InDl
less = per cent for cash, tho NATIONAL and
American companies being temporarily with
drawn,
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-07

Packer TOP Sls,75 straight; Gull natives
moLH$ sIoV" ,; lew, SS.6U 10 city butchers.
car doaoie-t9d California wo0lcd lambs, ,n,. me-.
dinm To good sl3.5' tat ewes mostiy 81 'h5
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-07
COTTON MARKET

New York, July 1.-Steadiness was
It feature in the cotton market this
morning with general advances of to
- points at the start. The weather
was regarded as very favorable all over
the belt, leading 10 pressure from Liver
pool and Southern wire houses. New
Orleans, Wall Street, local concerns and
the trade bought, Influenced partly by
strength IN securities.
Later the list became firmer on COW
crng, due to predictions for showers In
tho Southwest, and prices advanced
about % points over yesterdays close.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-07
Commodity Markets
GRAIN MARKET

Chicago. July Wheat declined
l2c to 1ic at the opening under re-
newed selling and during the early
trading was weak md fevrrsh. The
Liverpool cables were Id to 1hd lower
and crop and weather reports from the
spring wheat States We're highly favor
able. Exporters reported very little in
tcreSt and the whole trade was n good
deal concerned over the disquicting adj
vices from Germany, relative to Geo.
nomicS and financial conditions there.
Good rains in the corn belt caused
an opening decline Of lic to %4c. with
more or less selling on the less favor.
able outlook for export business.
Oats declined lic to 3sc largely in
! sympathy with the other markets.
! Provisions were lower on the foreign
| situation, despite an advance of 1Oc in
| tho rlricn Of lirn hans
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-07
DIVIDENDS DECLARED

Borden Company. scmi-annuai 81 on COM
mon. payable August II to stock OF record
August J., and quarterly l.5O on preferred
payable S"ptcInb"r 10 to stock Of record
ScjptrmLcr |.
United States Rubber Company. quarterly
record July 10.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-07
A NATIONS BALANCE surpr

One man became convinced that q natjo,,
affairs could be run as economically a.
business corporation. General Dawes 20,
now he effected an immunsc saving Wills
d!sruptins Gnyernm.nt dclartmcns A spr
Sunday PUBLIC LIDGsR. Make II a Hnh,..n .ne i,
Adv. AAapu''
The New York herald., 1922-11-06
$1S,OOO,OOO CHILE
ISSUE is OFFERED
Seven Per Cent. 90 Year Bonds
at 96 1-2 Will Be Used to
Refund Loans.

The National City Company an
nounces for to-day an Offering OF siS,-
100000 Republic. OF Chile external loan
twenty year sinking fund z per cent.
gold bonds at &c y and interest Tho
proceeds will be applied principally for
tho purpose OF refunding short term
loans OF the Chilean Government and
providing funds for public works.
Dated November 1. 1877 the tonds
are due November I. Ist2! The con-
tract for tho loan provides for n cumu-
lntlve sinking fund OF . per cent. a
year beginning two years after tho date
of issue. TO be used TO purchase bonds
at not exceeding 100 and interest. or.
IL bonds are not obtainabio at or below
that price. TO redemption OF bonds by 10,
scmi-annuaiiy at 100. This fund ~ sur
ficient 10 retire about 20 per cent. Of
the issue by maturity. Principal and
interest arc payable In United states
gold coin at tho National City Bank OF
New York In the time Of war ms well
as of peace irrespective OF tho nation
ality of the holder.
Tho credit OF Chile. It Is stated. has
ranked high with European investors
since the issue OF It's first external loan
IN London more than 100 years ago and
there As no record OF default or delay
In interest payments Tho national
wealth OF Chile was estimated in 1890
at s3.272, 900. 900, more than twelve times
the total direct and guaranteed debt
August 81. 1922. OF ss57. .73o. 900. a per
capita debt OF ABOUT ss443.
The New York herald., 1922-11-06
HERSHEY CHOCOLATE CORPORATION.

NOTICE OF REDEMPTION.
Ifr~t Hen seven and Onc-Half Fer Cent.
Ten Year sinking Fund Gold Bonds,
Dated a@ of June 4, 1890.
Total Issue SIC, 900, 900.
hue june \. 1890.
fnifrcst payable fhi-annually June and
ippcxnbrr / IN each year. RSdeemable at
fbe option of the Company on eny semi
aruunl interest date.
Issued under the Trust Agreement dated
~ % Juns T. 1890, between Hershey Choco-
late Corporation and The. National CITY
iienh q New York. ~ Trustee,
fuch nonda that Hershey Chocolate Corpora
tlou purxufnt TO the provisions OF Article
Third ~ the Trust Agreement under which
fs Bonds were issued has exercised It's
fiion and elected 60 pay and redeem on
crest payment day., all the outstanding
ItpndH 81 the Ten Million Dollars NiO, ,000.-
sou principal amount OF Bonds OF the Issue
The nondst win be paid on December l.
fexT, ~ inl per cent. OF the principal amount
wereof, upon presentation OF the Bonds In
fenoiiAhic form with all Interest coupons
rnmfufing Subsequent 10 December 4 1922,
attached, at The principal office OF The Ma
fipnai city Bank of New York, Trustee. 80
wall street IA tho Borough of Manhattan,
eve, and state OF New York, when and
y hert an such bonds are required TO be pre-.
serted FOR payment and redemption.
THE nhove mentioned Bonds shall cease 20
bemr interest on and after December Z. 1922.
uNted, Hershey. Pa, october ~, 1922.
uERgTIEY CHOCOLATE CORPORATION,
EZRA ". HERSHEY. Treasurer.
The New York herald., 1922-11-06
DIVIDENDS AND INTrREsr.
(A&G,,.,..es..=.:.@; @@ee9

III rinh Avenue. New York, y. Y.


REDEMPTION or SERIAL NOTES MA
TURING NOVEMBER ]. 1925.
Tho American Tobacco Company hereby
give. notice that II will redeem and pay, on
November 20. 1922. at the office OF Guaranty
Trust Company OF New York. 40 Broadway,
Borough OF Manhattan. city OF New fore,
all, 20 wit: SIC. 100000 at par OF It's Series 2
November !. 1928. az par. with interest ac-
crued from November /. 1922. 70 saiu 20
vsmber %. 1922 Interest coupon due no
vember =. 1922. will he patd on presentation
on or after It's maturity, and with n pre-.
MUM OF enc per cont. on the principal OF
said notes. This redemption is IN accoru-
ance with the terms OF Article ~. q ths
trust agreement OF November !, lsls, W
which The American Tobacco Company was
party OF the first part. and Guaranty Trust
Company OF New York as Trustee was party
OF tho second part. whereunder s-o,vp,V9y
at par OF 80 serial gold notes were isusd
Series A maturing November 1st. lal9i
Series y maturing November ist. 1870:
Series maturing November lat, ly@l, ana
Series n maturing November Isl. l922, hav-
ing already been pafd; and this notice - ih
accordance with said Article.
Holders OF any OF said Series = OF said
serial gold notes maturing fsovember y.
1925 may present such on, or AZ any tine
after. November %, 1872, 81 the ofiice or
said Guaranty Trust Company OF New Work.
and the said notes win he peis, WITH ec-
crued interest up to November y, ip2z, enc
ths premium OF one per cent as aforesalc.
whether 30 presented or not, such notes
shall cease 20 draw interest on said Novem
saouent 20 that date shall be void.
THE AMERICAN TOBACCO CoMPANf.
b. y. NJ. w. HICKS, Treasurer.
October TO- 1922.
The New York herald., 1922-11-06
THE CENTRAL FOUNDRY COMPANY
First Mortgage Per Cent. sinking Fund

CENTRAL UNION TRUST COMPANY OF
NEW, YORK, Trustee. gives notice that IN
accordance with Article Three, Section 2. OF
Company. dated May LIST, 1eti. II will re-
ceive sealed proposals for the sale 10 II
OF the above described bonds at rate not
TO exceed 1866 and accrued interest, the
total offer not to consume moreN than
THIRTY-FOUR THOUSAND TWO HUN
DRIED FTETY-THREE AND 5T-1V (s34.-
253.5O DOLLARS. Sealed proposals set
ting forth the serial numbers Of the bonds
so offered will be opened at the office Of
the Central Union Trust Company OF Nely
York. so Broadway, New York City, At
twelve O'Clock noon Wednesday. November
CESTr,AL UNION TRUST COMPANY
or NEW YORK.
BY II. J. FULLER Vice President.
The New York herald., 1922-11-06
$6OOOOOO
The Standard Textile Products COMPANY
First MORTGAGE 6zzaa Sinking Fund
: First Mortgage 61z% Sinking Fund
Twenty-Year Gold Bonds

nc Coupnb
Rdb optic O Company whole tdanu and
a. S M T % Cor Company any Chicago
Interest Payable Without Deduction Normal Federal 2e
a -Four
a x dde dd H states
is from his letter
The New York herald., 1922-11-06
The Firestone Tire & Rubber Co.
Akron. Ohio. November |, 1922

The regular quarterly dividend ot ono ard
three-uua rtsrS per cent G&g1 has been de-
clar~d on ths Z Per. Cent Preferred stock OF
this Company. payable November 10TH, ihza'
10 s,ockholders Of record November !, 1872.
J. G.. ROBERTSON,
Treasurer.
The New York herald., 1922-11-06
yTRAt UNION TRUST COMPANY
on NIW WORK. Trustee.


New York Novembcr =. 1922.
TprASURY DEPARTMENT. Washington y.
C.-.seaied proposals VIII be received ny NJ"
General supply Committee. Auditors Build
iur Iath and n Ets, s. w, until r. ~
November a. 1929. then publicly opened tcr
furnishing from January ! 20 june ~, We.
farhiuive certain items OF paper electrical
plumbing and engineering supplies. lumber
milwork. packing boxes and building mate
rails. ard furniture and floor coverings, DO
scrfbed tn Fneclficauons and proposals for
classes :. q. and .. for use " Executive bs-
partments and other Government Establish
uiarfa 81 washington. Proposals must be
executed according 20 Instructions and on
blanks furnished by the above Committee cu
application. a. w MELLON, Secretary of
me Treasury.
N1Tisu STATES ENGINBhk Ori lChs
NORFOLK. VA. E-al-d propuealr -AN ~
received bete until W 81, December a. lNA-t
ara tueu opened. tur constructing 70 puN
houses With wells. fuel tanhs, falirgsa
tracks. 60. Fort story, Cape Henry, va.
Furthar Information On srpiicsuen
The New York herald., 1922-11-06
PUBLIC UTILITY BONDS.

Bid. Asked
Adirondack r. e. T.. g., 30. ...... 1904 fO2
Alabama Power list 5s, '4G...... ~ %
Appalachian Power LIST 5s .it... 90 o2
Baton Rouge Eiec. 1st 81, '3e 80 po
Buffalo Gen. Eiec. fst rs. a.. 20 10i
Burlington G.. g. l.. LIST IS, 55..... ~ ~
Columbus Power IS, 36.......... o. ps
Conn. Power ~, 'G3.............. N pG
Conn. O., L., =. 7. lat IS, '62.. TiM 40
East Texas Elec. IS. '42. ..,...... ~ -
III Paso Elec rs, '32.......... p2 p5
Economy l.. & r. fst 5s, 'Js..... ~ 81
Federal L. a r. 1st 5s, 'd2...... ~ 81
Gal. Houston IS, f54.............. ~ 50
CT West. Power LIST 5s, &c. ....., pgia pJik
Idaho Power ist ~. 'dI.......... p2H 81
Indianapolis Gas 1st 5s. '52. .t.... 90 %
Kansas City Y. a T.. SIS, 40. ...fO7 10sis
Knoxville Tr. LIST 5s, asa ........ 50 SO
Key West Elec. rs, 30. ....... ~ 50
Miss. River Power LIST rs, 81 p2 p3
Mil. Elec.-Ry. A. 1T. 1St IS, "a. pdis 30
Montreal Trans. list u.s. 'N...... 20 - nik
North Texas Elec. rs, 90. .... 81 81
Ontario Power 1st Ss, 43........ oT55 90
Pacific Coast Power -. 80. ..... 0i %
Puget Sound Flee. rs. IS. ~ ...~Ss ~
Seattle Elec. Hv ist IS 1907 49,. 9S r0ts
Salmon River Power let 5s, '52 80 ps
Schenectady Ry. Let 5s, '46...... a. 10
Standard Gas a Eiec. O., '2g... p2 p1
Tampa Elec. 5s, '33.,...stxv..i o. %
The New York herald., 1922-11-06

CLEVELAND. CTNCTNNATI. CHICAGO
ST. IoUIS RAILWAY co.
81. louis Diyi~ion FIRST Collateral Trust
Mort rage Rouds.

The Central tnion Trust Company or New
York Truatcc. gives notice that N eccofu
anco with certain indenture made by ths
ntove Company dated November }, 1880. "
will receive sealed proposals 20 cell the above
described Bonds AZ a rate not 70 exceed one
hundred and five per ceutum fOoes) ana &C
crucd interest. the total offer not 20 consur'e
Two Hundred Thirty Dollars and sllioo
cents $50 2so.si). Sealed proposals VIII be
opened az ita Office, No. 50 Broadway. NeM
fgth 1879. -
The New York herald., 1922-11-06
STOCK EXCHANGE SALES.
New York Stock Exchange sales for week
nndcd November A. 1877.
3 90. .isa a.ie7. .TelN 4.le4. .ooa

22e.ees.5oi i4o.ssi .6Tois fso. 1854
Detailed sales % stocks for weeks ended
Ncvarubor a and g~foi,nf nes
Norwich bulletin., 1922-01-17
PoINeARR's pssIrIeN.

According to the terms Of the treaty
arrangement GERMANY was to pay over
to the allies At tbs D aniaE Of this week
billion will be due the middle Of Feb
ruary. 1t has insisted that it could not
nay and avoid eankruntey. It main
tains that it can provide the maney but
it will mean the taking all of the re-
sources that are necessary to keep bus
mess going and to permit 1t to make
ether payments as they come due.
In France there has been strong op-
position to letting ue On Germany The
repatriation commission, however, has
made an investigation and 1t has been
convinced that there is danger in trying
to press Germany too hard and the
commission is not made UP of friends OF
Germany. Germany was ready to pay
about = fifth of the January require
ment. Instead the commission permits
it>to pay at the rate Of 1000 zee goLl
marks every ten days. and as Premie.
BRAND reminded the house of deputie1
il rests with the reparatiou commission
TO SAY what shall be done in that re-
spect.
Now that Premier PeIneare ,s at the
head of the French ministry 1t Will be
interesting to note what his attitude :;
going to be. He has heen a member Of
the reparation commission. He resign
ed because he believed It was interfered
In in its work too much by the allies
governments but 1t remains to be seer
what attitude the French government
under his premiership win take eeacern
Ing the commission. To be consistent his
should of course give the commission
free hand, but it makes a difference II
taking that view where you stand.
The commission having the power ha.
made concessions to Germany. If thai
Is the only alternate to something werse
It should be aeeeHed, and Poineare I
seems, will have difficulty in HARMONIC
ing the position he took when he left tn.
| commission with that Of today unles
he guides France in that direction
France may not be dizoosed to max.
things easy for Germany. and in tina
It cannot be blamed. but there are time
when the inevitable has to be recog
| nized.