The Holly chieftain., 1922-04-27

now. Both the British and the
French feel that the RussO-G German
pact, while nominally economic. is In
reality political and embodies dis
tinct threat of complete alliance Of
the two countries against the entente.
1t is believed, too, that 1t would re-
suit In the commercial suffocation of
Poland and perhaps of the other small
nations that lie between Russia and
Germany and along the Baltic, and
those of the little entente.
One thing is evident: Frances fear
that the Genoa conference would get
into muddle, and her absolute dis
trust of Germany's good faith and
good intentions are justified. A writer
in the Paris L'Eclair says Germany
hns sent 12,000 "shock troops" into
the Ruhr and Is ready for resistance
in Silesia. while the soviet armies are
threatening the Polish and Rumanian
frontiers. He adds: There is no
time to lose If we want to avoid war"
The nationallsts Of Italy are no less
alarmed seeing In the pact prepara-
tion for great alliance between Ger
many and Russia and probably the
entire Islam world and war in the
not distant future between those pow
ers and the allied nations.
DLANS are under way for a finan-
l cial conference to be called by
the European banks of issue to dis
cuss plans for the regulation Of cur
rency, In which conference the United
States Federal Reserve bank will be
asked to take part. Meanwhile, great
bankers, including j. Pierpont Nor
gan, are arranging to meet in Europe
to study the question of an interna-
tional loan to Germany to help in the
reconstruction Of that country, to i'm
prove her exchange and TO assist her
in paying the reparations. In view of
Germany's repeated refusal to pay,
the allied reparations commission
virtually has turned that problem
over to financial experts.
THE long drawn-out peace negotia-
tions at Dairen between Japan
and the Far Eastern republic have
been broken off, and Japan has de-
cided to send more replacement troops
into Siberia. The Chita delegates.
according to Tokyo official statements,
after gaining some of their points,
made what the japanese considered
impossible demands concerning pro-
lection Of. lives and property of for
eign residents, and the open door,
and Threatened to quit the conference
If these were not conceded. Tokyo
thereupon instructed its delegates to
withdraw.
G TILL another peace conference
" that between the leaders of the
Irish factions-does not seem to be
accomplishing much, for the fighting
In Ireland goes on with increasing
bitterness. De Valera's Easter coup
did not eventuate, but one of his ad-
herents attempted that day to assas-
sinate Michael Collins, head of the
provisional government, and there
were bloody clashes between the re-
publican and Free State forces, which
were continued all through the week.
In Dublin the rebels" occupied the
Four Courts and other buildings and
engaged In battles with the Collins
troops; and in Belfast the Catholics
and Protestants killed and burned
and looted to their hearts content
G TlRRED by President Harding's
" dismissal of employees of the bu-
reau of engraving and printing and
other bureaus, and by rumors of
plans to restrict the operation of the
merit law generally, the National
Civil Service Reform league called a
conference of all Interested organiza-
tions and individuals to meet in Wash
ington April 81. That engraving bu-
reau affair is causing the administra.
tion lot of trouble and the end is
not yet. In attempting to explain the
Presidents action the official organ
of the Plate Printers union asserted
the country was flooded with millions
of counterfeit federal reserve notes
and other treasury issues. This was
fatty denied by Secretary Mellon.
CHAIRMAN fAT KELLEY of Mich
~ igan and his cohort Of 'littlt
navy" men went down to defeat IL
the house of representatives last week
and If the senate does as it is ex
pected to do the United States viii
be able to maintain navy of respect
able proportions. In committee o
the whole the house by vote Of IL
to 1870 adopted the amendment to th
committee bin which provided for al