The Holly chieftain., 1922-08-24

mentous one Of rupture of the en-
tente and the wrecking Of the treaty
Of Versailles. The French premier
summoned his cabinet and it unQuali.
fiedly indorsed all he had done and
said In London. 1t also decided the
government was competent to handle
the situation without convening parlia-
ment. unless conditions become much
worse. Though fully prepared to put
into force the French sanctions
against Germany, the cabinet decided
to await the action Of the reparations
commission concerning moratorium.
Germany meanwhile defaulted in the
war debts due on Tuesday, declaring
due to the demand for foreign cur
rency to pay for urgently needed nec-
essaries of life and to the fall in the
value of the mark. The reparations
commission was trying to devise some
way of tiding over the situation until
November or December when, 1t be-
lieves, another meeting of the allied
preIniers will have to be held to con-
slider the whole question of German
debt and finances and the interallied
war debts.
The breakup Of the London confer
ence caused another great decline in
the value Of the mark, and at the
same time came series of farm
strikes throughout the country led by
the communists and seriously threat
ening the harvests. Chancellor Wirth,
In statement to press correspond
ents, said:
Germany cannot pay in gold. Ten
million gold marks, paid this week,
were drawn from money set apart to
buy wheat this month. The first duty
of the German government is to give
bread to our sinking people.
I'm Austria, which Is less tdensely
populated than Germany, the author
ity Of the state has been endangered.
Germany is now heading under full
sail into parallel conditions. What
can France gain from her policy7 Our
inability to pay in gold will be fol.
lowed by inability to pay in anything.
What comes after that Is not politics
lit is social revolution. We of the
German republic have restored, har-
mony in central Europe, where for
merly an entire upheaval threatened.
We are today sitting at the deathbed
of our work"
THOUGH expected for some time,
1 the death of Lord Northclifte, the
famous British journalist and leading
publicist Of the world, came as a real
shock. America feels the loss only
less than Great Britain, for he was
often In this country, knew thoroughly
Its people and Its ideals and was the
greatest force In the promotion of
close friendly relations between the
two nations. His power in British poll
tics was tremendous, and there is no
one to fill his place. Viscount North.
cliffe was buried In Westminster Abb
hey Thursday with all the honors that
could be bestowed. Eminent persons.
including many ambassadors, filed the
edifice and the humber folk thronged
the streets outside.
IRISH Insurgents, having been al
most totally routed In the South.
broke into renewed activity In the
North and among other exploits cap
tured Dundalk in surprise attack.
But they were unable to hold the
place more than few days. When
the regulars reoccupied 1t they took
hundreds of prisoners. Regular river
boat service has been re-established
between Cork and Queenstown and
normal conditions almost restored in
that district. The Marconi radio sta.
ton at Clifden on the coast north of
Galway has been rescued from the
rebels.
The new Irish Free State lost one
of its wisest and strongest supports in
the death of Arthur Griffith, president
of Dali Eireann, on August II. Irish
and English alike mourned him and
his funeral in Dublin was the occasion
Of very remarkable demonstration.
nVER In China peace parley
" actually was begun, the agents of
Gen.. WI Pei-Fu, war lord of the
North; and of General Chang, dictator
of Manchuria. and Sun Yat-Sen, for.
mer head OF the southern government,
getting together In Shanghai. Repre-.
sentatives OF President Ii and others
also were present. Doctor Sun, who
reached Shanghai from Canton via
Hongkong, said he had no personal
ambitions and would obey parliament
and support whomever 1t chose ~