davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19
JOSEPHUS DANIELS SAYS: JAPAN HAS GONE
HOME CARRYING BACON FROM WASHINGTON

Shantung. and with more particu-
larity and certainty. But It does
not surrender for some years the
control Of the railroad.
Japan also repeats Us II the fifth
or seventh timo0 its promise to
come out of Siberia. But no date
Is mentioned. Who has forgotten
that. when Great Britain. the
United States. and Japan agreed
to send an equal number Of soldiers
into Siberia. when the Czechs were
trel<king their way across Russia
to come to the United States, no
single nation was to have a larger
force than the other two? When
there was an inventory the Japan
ese army was many times larger
than the American and British
forces. How long will the Japan
csc army stay in Siberia? How
long has It remained in Manchuria?
All these questions and like ones
will not down. They will be de-
bated In the Senate.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19
AS TO GERMAN BOND ISSUES.

The advantages to the allies marketing such bonds obvious
II they could get rid bonds they would
Of Geanys default others; would great
number Of people all the world Germanys
they would secured the actual cash which xgencs
b demanded
But the hope Is nlusory When
practicable for the float inter-
national Of moderate well within estimate
Of their minimum capacity Of But though
the world would sangne that there
many such folly swallow this lines
q of vast dimensions.
would optimistic
half Even the world likely IN them
proportion whole amount
the bonds specified below, could this
price,
the services within
The minimum expectation Of Gemany capacity
have the financial effect the ally which
nearly the though they borrow themselves
In question Except therefore, the those allies
inferior Geany the advantage compared
their credit would not be very material
The details relating to the bonds likely b
operative and need not be seriously Thsy really
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19
What Will Senate Do?

It should ratify the reduction
Of the cost Of armament. 1t should
agree to the surrender Of superb
ority on the seas and a limitation
Of the sovereign right to establish
great bases In the Far East But
Il should do 90 In belief that. hav-
ing entered an alliance with three
other nations, that alliance will
compel the performance Of every
promise made by each Of the four
powers. More: It must see that
these promises are carried out in
letter and spirit.
The bugaboo of "an entanglins
alliance" having been put to
sleep. the next step for the
Senate 10 to pass a resolution
substantially like this:
Resolvel, That the United
States Senate does hereby agree
to the treaties signed by the
Washington conference between
certain nations. provided that all
free nations in the world be In.
vited to become q member Of
said alliance.
Resolved 2, That the United
States, in order to secure and
safeguard the peace of the world.
hereby ratifies the Versailles
treaty, and directs the President
to send representatives to Geneva
to take full part in the delibera.
tons Of the League Of Nations.
This Ia the final destiny II
what we have signed Ia worth the
paper II Ii written on. Every
thing Of value chow valuable It
Ia remains to be proved obtained
at Washington In 1922 and a
hundred fold more would have
been achieved In 1919 II we had
not then SHE'D at any suggestion
Of the alliance We have now ex.
tended. We would have been
saved these three years Of stun
bling and depression and dis
aster.
We have entered into a league
to settle problems az to the
Yellow People.
Why not do the same thing a.
to the White People In Europef
Or 10 we dislike . color schems
unless II u exclusively ysliowf
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19
Only Defensive Navies.

In the Pacific we have now. or
soon will have, only "a defensive
navy" Japan will have only "a
defensive navy" What does that
meant II means that Japan can
not como over to the territory of
the United States to enforce any
demand. 1t means that the United
States cannot 60 into the Far
East to enforce any demardl
There has never been Q time
when without . powerful ally
even the most imperialistic party
In Japan dreamed of coming over
to fight America. There has
never been q time when the most
rabid American Jingoist ever
dreamed of crossing the seas to
fight Japan In order to secure
something for ourselves. The only
possibility Of conflict lay In the
situation a. II relates to China
huu hAiiCuuEih anu olpcEh. H
there Is no power except q do
fensivs navy" to preserve int
gritty Of China, what would an i'm.
perialistic Japan care about Its
promises to China. its promises to
svacuate Siberia
Suppose. after all these treaties,
japan keeps its promise to the ear
but breaks II to the hope. what
then7
The advocates Of the agreements
Of the conference say that the
four power alliance will compel
Great Britain and France and the
United States to unite to compel
Japan to carry out its solemn
pledges. Howf The Versailles
Treaty provided. first moral force.
then the boycott. and II all other
aSsnciss failed thsy should CON
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19

embark difficult and dangerous functions Accounts to be
opened in the the committee which will be paid In
gold foreign the proceeds Of the German 20
Of the value and the Of other
which assigned for the Of
receipts however, chiefly not gold foreign
currency. but In paper marks
the committee regulate the conversion Of these
foreign cuene It will In effect become responsible
for the foreign exchange policy Of Germany which would be much
prudent 10 difficult tho
really add tho other provisions by which Germany
binds herself to make payments in foreign money
is usual particularly in France to talk much about
A. guarantee Is the thing
BRAND the Second
Of abandoning Frances real
enable him that the Second
only Committee Of Guarantees
and additional guarantee, the German customs There
no answe o that
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19

II the Senate affirms We surren-
dsred no such sovereign right. We
agreed in that document to confer
with all the free nations to put
an end to competitive military
strength and to take such steps
as would lessen the possibility OF
war.
But specifically We did not say.
~ we have now said, that 20 Tar
as the Pacific Ocean was concern
ed. we surrendered its control In
the Far East to Japan. II may be
denied that japan has scored such
an advantage. But no naval
statesman win deny that such Ii
the actual result. Prior to sign
ing this treaty we would have
been able to fortify Guam. the
Philippines. and send a navy into
the Far East five times a. great
as Japan had to enforce any
American demand. say the Open
Door policy, Of which We have
read 30 much and seen SO little.
Let US suppose. for example, a
new administration should come
into power in Japan which would
deny the integrity Of China's
territorial boundaries. bang the
Open Door In our faces. refuse to
get out Of Shantung and keep
Japan's strangle-hold on China.
What could we do about 1T We
have surrendered our naval super
iority and given our word Of
honor not to increase our bases In
the Far East. Every military
man knows that adequate bases
Tar from home are moro import
ant than great ships.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19
THE COMMITTEE OF GUARANTEE.

It be noted that the service Of the bonds win cost $780,
per well within Gemanys capacity and the
service the bonds will 900 annum, making $780,
600 900 altogether Of expectations Of what
practicable but the figure at which independent
whose opinion deserves respect have estimated Gemanys
probable capacity also noticed that the aggregate
the and bonds corresponds the
figure which the German has agreed Tin their counter
proposal transmitted to the United Saes) that their aggregate
liability might be assessed probable that later the
will be only postponed but cancelled.
Committee GuarsneesThis body which TO have
permanent and status commission Of
the Repaaon It's members consist Of
allies represented the Reparaton Commission with repre-
sentative that country nominate
assigned various wide and Indefinite accorded by
the Reparaton Commission for the general
Germany financial system But It's exact
functions in practice and in detail still obscure.
According to the constitution the committee might
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19

suit a. to the methods Of preserv-
ing the sanctity of treaties. The
opponents of the Versailles treaty
said that In the last analysis this
meant the employment Of force.
The advocates of that treaty adj
mitted that force was the ultimate
resort and that the Congress Of the
United States would be appealed to
for the force necessary to pre-
serve the peace OF the world
against nations that disresarsd
their plighted faith.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19

srCsrnN'tIs oAari
marked the beginning Of q better
epoch"
That confident prediction OF the
dawn Of q better tomorrow would
have been received with some en-
thusiasm II We had not heard so
many of them since November IL.
1918. 1t seems that It has been a
generation since the promises on
that day cheered the world. But
having lived on promises and pre-
dictions Of "a better epoch" for
over three years, Is II any wonder
that the Presidents latest glowing
prediction was received without
any outburst or any exhuberance
of faith7 The day the armistice
was signed we all believed the bot
ter epoch" had actually arrived.
and that with the end Of war the
troubles and perplexities Of the
world were ended. We were then
told that with the conclusion OF the
Paris Conference we would have a
world prosperous, stable and
happy.
Instead-no matter who Ii to
blame-we have lived on promises
until they cease to nourish or even
give hope. But even SO, We Opt
mistic Americans, born to believe
"the best Is yet to be-" In spite Of
so many hopes that have been
dashed to the ground. rejoice that
President Harding called the Wash
ington Conference: rejoice that 1t
agreed upon q reduction Of dread
naughts though 1t left unreduced
U-boats and air fighting craft and
poison gas; and rejoiced in treaties
containing assurances Of no I'M
perialistic Intentions by any Of the
participant nations.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19
Hat Off to Japan.

There are just as many battle
ships and fighting men concealed
in the treaty OF Washington 90 far
a. Far East possible troubles are
concerned as were to be found In
the Versailles treaty. No agree
ment can be said to enforce itself.
II Japan refuses ultimately to with
draw from China, surrender Shan
tung and withdraw from Siberia,
II will wholly dominate the Far
East. II England, France and the
United States are unwilling for
Japan to enforce a possible i'm.
perialistic Monroe Doctrine In the
Far East and exclude other nations
from trade rights. how can these
three nations in the alliance COM
pei specific performance Of the
new treaty. II Japan should re-
fuse to listen to agreement. with
no navies extant except defensive
navies," would It not be able to
defy the other powers unless there
II the final resort to military force7
Japan left Washington with
the bacon. Its diplomats scored
q great triumph. They surrendered
what they regard as the smaller
things for the greater Japan en-
tered the conference with trepida-
ton. It left the United States
with . prestige far greater than
1t had dreamed Of obtaining. We
must take our hats off to Japan
diplomacy.
How do you feel about TT"
asked an American deeply interest
Cd in China and the restoration
to China Of sovereign rights. The
person addressed has lived for
years in the Far East. for half
q dozen years In China. and I'M
derstands the real situation and
real things that must be done to
unfetter China. The public had
Just finished In the plenary
council applauding the states
ments Of the agreements reached
between Japan and China. The
hearers had understood the read
ing to be very favorable to China,
but had not apprehended the
provided howevers'' which still
leave China far from the realiza.
ton Of what It's best friends ex-
pected from the conference.
II feel" was the answer. "as n
were attending q funeral"
It was the only uttered dis
cordant note in the big gathering,
and It was whispered. The person
whispering II felt the gloom of
q settlement that settles nothing.
Of adjustment that adjusts moth.
ing, and a reconciliation between
japan and China which perman-
entity reconciles nothing.
To be sure Japan reports the
promise Il made to President WI.
son ~ Paris to withdraw from
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19
PAYMENT IN CASH AND IN KIND.

Payment Cash and Kind-The bonds and
apparatus and incarnation We
solid part Of the settlement the provisions for
Germany Is pay each until her liability
discharged:
az Two milard gold marks.
() equivalent to 26 Of the value Of her
aenatvey equivalent fixed In with
index proposed by Germany and accepted by the Com
mission.
~ paid quarterly January April and
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19
lin the Aggregate, More Than 2,l70 Marks
Out of the Average Germans Income OF
$1,000 Marks Would Go to Taxation ON the
Present PLAN. Would the Whips and Scor-
piOnS of Amy Government I'm History Have
Been Efficient to Extract Nearly Half the
Income of a People So Situated?"

October 10 Of each and ( TO be paid quarterly F
airy 15 May 49, August 15 and November Is Of each year.
This calculated reasonable estimate Of the future
value Of German exports materially less than the original de-
msnds Of the Treaty Gmany total liability under the
amounts to 1873 mlard gold marks Inclusive
Belgian debt At per sinking fund
the annual charge this would be 1928 mad gold marks Under
the scheme the annual value of Gmany would
to rise to the improbable figure Of "a mard gold marks
she would be liable for much this The probable burden
the settlement the future probably
than half that of the Treaty.
There another important which
Treaty much abated The Treaty included crushing provision
by which the part of Germany nominal Liability which she
not able to interest the early
compound interest There such provision scheme;
the Bonds receipts
adequate their service;
relating to back interest for the
the event of there being surplus receipts.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19

signing OF the
treaties In Con-
tinental Hall,
President Hard
ing with evi-
dent sincerity
told the waiting
world that the
aAn ara n q 3
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19
j. MI. KEYNES SAYS: GERMANY CANNOT PAY ALL1
HUGE INDEMNITY AND TREATY MUST BE REVISE

relic Of the pretsnses the Peace Conference Briefly the
arrangements follows:
Germany deliver IL mads Of gold marks 000 000O
In bonds SO mads ($900 000000) bonds the balance
Of her liabilities Professionally estimated &c mards ($20b00r
0o000 In bonds All the bonds per interest and
cumulative sinking fund The services Of the series A. and
constitute respectively first second and third charge the
available funda
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19

rTow many promises OF that
n new and better epoch In nu-
man progress" are we to be
fed up with before 1t actually ar
riye., At the conclusion Of the
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19
Total

In the Louheu Rahenau agreement the value
kind to France including the been
mated possible of ia mad gold marks per snnum II
France receives mard
cent Of the balance will be credited in the repaaton this
realized the deliveries kind might
miiard
various political and
likely to be reached and .75 milads
CONTINUED on Page Tvo)
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19
GERMANY's EXPORTS ESTIMATED.

1t Is Of course impossible later wears
The figures will depend only the Germany
state Of international trade generally especially on the
level OF gold prices For the years. we are to make
estimate at all to 10 miaras my Judgment the best one
max y w. wv Wv
Twentysx cent Of exports valued miiards pod will
amount to about IN mlad gold marks making, with
annual mards miiards altogether n exnorts
rise to 10 miard the corresponding figure mards The
table OF payments the future is then table
that follows all the figures mads of GOLD aks.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19

There was yet another feature in the London Settlement
recommended to moderate opinion The payment
arranged reduce the Germany during the first
year The Reparation year from May each April
80 the NEXT but in the period April 80 1922 only
two instead OF four Of the quarterly respect
export proportion will fall DUE
But spite Importance for the time being n rr.serv.
tive Of affordng breathing transition
from foolish expectations solution It
is a temporizing measure, bound need amendment
To calculate the total burden necessary to estimate Al.
value OF German exports In 1920 about mil
ard gold marks In 1921 the volume will be greater
be offset by the fact that gold prices than two
thirds of what they that mad gold marks Is quite
high enough preliminary year commencing
May 1, 1921
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19
By JOHN MAYNARD KEYNES,
ARTICLE I.
The Burden of the London Settlement


THE settlement of PREPARATIONS communicated to Ger
l. many by the Allied Powers May S, 1921, and &C
cepted few days later constitutes the defintve scheme
under the Treaty according to which Germany for the
next two generations is to discharge her liabilities It
will not endure. But it the fat accompR of the hour,
and, therefore, deserves examination.
The settlement falls into three parts comprising (
provisions for the delivery of bonds; () provisions for
setting in Berlin Allied Committee of Guarantees;
o. provisions for actual payment in cash and kind
l. The Delivery of Bonds.-These provisions are the
latest variant Of similar provisions in the Treaty sR
Allied finance ministers have encouraged themselves Tor
their constituency with the hope that part of the
capital sum Of Germanys liabilities might be anticipated
by the sale to private investors of bonds secured future
reparation payments For this purpose it was necessary
that Germany should deliver negotiable bonds
These bonds do not constitute any additional burden
on Germany They simply documents constituting
title to the which, under other clauses Germany is
to pay over annually to the Preparations Commission.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19
NOT A PERMANENT SOLUTION.

In order to understand how advance
represented is necessary to minds back
which were prevalent not long The following table
interesting in which, in order reduce capital and
payments to basis of comparison,
capital replaced by annuties their
amount:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19

Estimates OF Espresso
of &C
1. Lord Cunliffe and the figure given out in
the British General Election Of 1918.
z. NJ. klotzs forecast in the French Cham
Der, September s, 1919. .............
3. The Assessment Of the Reparation Com
mission, April, 1921 ....................
4. Tie London Settlement Nav 1921
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19
ALL REVENUE
OF RHINELAND
NOT ENOUGH

'The Present Reparations Demand Would by
itself Absorb More Than the Whole of the
Existing Revenue" Says British Finance
Expert Who Shattered the Practice Estab-
lished at Versailles i'm His First Book, and
Who Now Proves His Case by Events of the
Past Two Years.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19

DPOF. JOHN MAYNARD KEYNES, author Of "The
Economic Consequences of the Peace which, ,ohen
published in 1919, set the diplomats and
niss by the Nth its flat statement that the repara-
tions demanded under the terms of the Versailles Peace
Conference and at the London session beyond Ger
amys to pay. has Just published book deal
ing NTH the effects of the adjustment of reparations
made He gives his book the title, "A Revision of
the Treaty. (which might be subtted "The Treaty Three
Years After"
Prof. Keynes chief financial and economic adviser to
the British government and adviser to the British
delegation at the Versailles Conference, but when the
ference dsregarded his EARNINGS that too heavy in
den,nity being demanded of Germany he resigned
His present book is sequel to his first Vch foretold
oith prophetic vision the default by Germany Ohich
actually befeu January Is last ohen 900 gold
marks due and not paid. He calls for re-
Vtson of the treaty and pm whereby nterued debts
be cancelled toaived to help Germany back her
feet and restabilze the economic soorld
BY JOHN MAYNARD KEYNES,
Author of The Economic
Chief Financial Adviser to he British Government.
The Ocala evening star., 1922-01-14
The CHILDREN LIKE CAMPHOI

There is little excuse for repulsive
medicines in healing a child's cold.
Neither is a disagreeable internal
medicine necessary. Most of them tend
to upset the stomach and do more
harm than good.
Most children prefer their mothers
to use Camthol in treating their
coughs and colds because it is pleas
ant; it is applied externally being
rubbed into the chest, throat and tenn
Piles and spread in the throat and nos
trils. They like it also because it
soothes and stops the irritation and
tickling in the throat. AS it contains
no capsicum it does not burn or blister
the skin. 1t is an ideal Group and
pneumonia salve for the kiddies.
1t breaks up the phlegm, clears the
air passages and stops cold without
the need of other medicines, Soc. at
all drug stores. Southern Drug Man
ufacturing Co., Jacksonville, Fla ,
Wholesale Distributors.Adv. 6
The Ocala evening star., 1922-01-14
BEING True . One. Self

Following is from "The Simple
Truth" by Ernest c. Wilson:
'Tt is sometimes taught that life is
not for happiness. hut for experience,
and that he who aspires to happiness
seeks in vain. Sometimes. too; just
the reverse of this admonishment is
impressed upon the students mind !;
that happiness is the true goal of life,
and that iubilance is the first duty of
the aspiring soul If we conceive ex-
perienee as a means of self-unfold-
ment, and happiness to mean, not
abandonment, but allegiance to that
which is best in us. the two state
ments are reconciled, and express a
truth. The sours highest duty and
greatest pleasure are one. and both
are fulfilled when man is true TO him.
self"
The Ocala evening star., 1922-01-14
Rohin Uses lace Mest

When our women folks went TO
take in the wash they were surprised
10 find that some choice lace that had
bSen placed on the line was missing
Later they observed a robin sitting on
the line with his gaze directed TO a
garment TO which he soon flew and
began to pull at a part of it. Know
ing that a pair of robins had built a
nestN in the tree nearby. the folks
thought that perhaps the birds had
taken the lace intO~heir nest InveS-
tigation proved this to be correct. as
the lace formed a part of the nest
walls. After the robins were done
with the nest the lace was recovered,
but In hardly a good conditional.
A. Kelly. in Guide 70 Nature.
The Ocala evening star., 1922-01-14
wATKIss-wEBB

Mr. and Mrs. j. ]. Wilson of Oak,
this morning accompanied Mr.. j. D.
Watkins and Miss Gladys Webb TO the
Office Of Judge Fntch, where they
were married.
Mr.. Watkins is engaged IN the nurs-
ery business at Winter Park. where
the couple will make their future
home. Miss Webb came from Drew,
Miss, some weeks ago to visit friends
at Oak. The marriage is planned as
a surprise to the friends of the con-
tracing parties
The Star wishes the young couple
an abundance of happiness through
life