The Holly chieftain., 1922-01-19
Washington conference announced
that Japan also would be represented.
Arcade stone bavp haen fnkpn II,

Washington conference announced
that Japan also would be represented.
Already steps have been taken TO
start the rehabilitation of Europe. The
economic committee of the supreme
council has decided upon an interna-
ti0nal corporation with Il capital OF
fa,O0O.o0O tabout sS,0oO,O00) with It's
seat In London and with board of
directors nominated by affiliated COM
panieS in each interested country.
These countries including the United
States. will organize corporations for
promotion only, with combined capi-
tai equivalent to f20,000,0oo (about
$S0,OOO,000). These corporations will
serve as mediums for credit trans
actions and 10 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-
supposes the organization OF affiliated
companies in Germany as well as In
the United States.
EINAL formulation Of the naval
: limitation agreement in the Wash
ington conference was delayed by sew
eral matters. One was difference
| of opinion as TO the methods of scrap
ping the 6S capital ships that are to
he given up by the United States,
Great Britain and Japan. Six op-
tionai methods are prescribed, and
Mr.. Balf0ur objected to the PROPOSE
ton Of Mr.. Hughes that the bulk Of
the retired ships be destroyed alb
solutely. The British were not will
ing to say Jet what tonnage Of the
eliminated vessels they would convert
to peace time uses. No doubt was
felt that this dispute could be ad-
justed amicably. Another cause Of de-
lay was Baron Kato's deAre to get
| ft1ther iAsfuctions frot akyo con-
cefning tl,4 agreement to maintain the
status quo OF Pacific ocean naval
bases and fortifcations. The question
was ~ 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 It
was predicted nm agreement would be
reached before long. Consequently
the delegates Of all nations In the con-
ference began drawing up q nine
power treaty dealing with far eastern
affairs and especially with Chinese
| questions. It Is believed this will de
lay the adjournment Of the conference
until the end Of the month.
DAIL ElREANN having accepted
~ the Irish peace treaty. the parlia-
ment Of southern Ireland last Satur-
day completed the action by formally
ratifying the pact, and the Irish Free
State Is In process Of being CON
stituted- Eamon de Valera resigned
on Monday as president Of the Irish
republic and his reelection waa
moved. The motion was lost, 5S to
60, and for few moments De Valera
appeared Is a really great man, de
claring he would loyalty accept the
decision, would do all he could to
avoid embarrassing the new govern
ment and would even help 1t when
that was possible without sacrificins
his principles Later the Sinn Fein
irreconciiabie women persuaded him
to modify this generous position. and
the chances Of unity in the ranks faded
away.
Next day after q message Of con
graduation to ireland from the pope
had been read, It was moved that
Arthur Grinith Be elected president
Of the Dan and . hot debate ensued.
Finally De Valera and his supporters
walked out OF the hall and the 66
remaining delegates unanimously elect
ed Gridith. The new president At
once announced that his cabinet would
be ~ follows: Minister Of finance,
Michael Collins; Foreign minister,
George Gavan Duffy; Home minister,
Eamon J. DuEgan; Local government
William Cosgrove; Economic affairs,
Bryan o'Hisgins; Defense, Richard
Mulcahey. These, then, are the men
who will constitute the provisional
government of the island to which the
conduct Of affairs will be turned over
by the British authorities as rapidly
as possible. The bolters returned In
the afternoon and De Valera stated,
though he considered Grifith's position
impossible, he would do nothing to
hamper him so long as he did not
appear TO be subyerting the republic.
Later De Valera told correspondent
that he would refuse to recognize
| xny government but the Irish republic