Sioux County pioneer., 1922-11-09

~SzS&|Q
peace is the only lasting peace"
The ex-premier's quarrel with the
Labor party Is in way international,
for that party, in manifesto issued
last week, not only demands the crea-
ton Of "war, debt redemption fund
by special graduated levy on for
tunes exceeding f5,OOO," but also de.
2 clares for the revision Of the peace
treaty and German reparations, for an
international conference to arrange
the freedom of the straits, for indie
pendence in Egypt and self-govern-
ment in India
Andrew Bonar Law, having been
elected head of the Conservative party.
accepted the post of prime minister
and on Tuesday announced his cabinet,
1t Is respectable list Of names, with
quite number from the peerage. but
most of the new ministers are con.
sidered rather nonentities. The main
stay Of the cabinet is Marquis Curzon,
secretary for foreign affairs. Lord
Cave, the lord chancellor, and Stanley
Baldwin, the chancellor of the excheu
! uer, are men Of proved ability. II
Is taken for granted that Bonaf Law
will make many changes in the min,
istry If he is returned to power at the
general election, which is set for No
vember Is. He is candidate for
Glasgow, and is opposed by a Labor
candidate and also by Sir George
Paish, noted economist. a
The last named gentleman is now
in the United States and, addressing
the convention of the American Manu-
facturers' Export association, gave q
lot Of economic advice concerning pro-
duction and trade. He scOlded our
government for boarding gold, and
urged that the tariff barriers and
other trade restrictions be removed
as the first step In the restoration OF
foreign exchange. Sir George also
wants America to throw open her
doors to unrestricted immigration
an unwelcome suggestion in view Of
our experience with certain classes
of immigrants in recent years.
QEING refused the cabinet positions
- they demanded, the italian Fas-
cisti' In convention in Naples made
preparation. for militant action that
threatened to become revolutionary.
Thereupon Premier Facta and his cab
met resigned. Former Premier Giolit-
tt conferred with Benito Mussolini,
chief of the Fascist, and it was be-
lieved he would be called on to form
new ministry. The Fascist are now
the strongest organization in Italy and
have announced that they will assume
control of the government, legally or
otherwise.
GERMANY, whose mark made new
~ low record of 2h cents hun
dred last week, is again threatening
to go into voluntary bankruptcy by
defaulting in her reparations payments
in material as well as in cash. Chan
cellor Wirth, whose political life is in
great danger, has begun hedging and
now has adopted the slogan of First
bread, then reparations," and has put
the problem up to the cabinet. The
Socialists are calling for more dras-
tic measures, including connscation
Of foreign money in the hands Of pri-
vate persons, and on the other hand
the bourgeoisie demand the suppress
sion of the decree against speculation
and the agriculturists insist on higher
official prices for German wheat and
corn. The allied reparations COM
mission went to Berlin to consult with
the government. The British commits
sioner, Sir John Bradbury, said he
would vote to declare Germany in vol
untary default of It's agreement If II
should refuse to carry out within q
reasonable time requests for internal
reforms. This was considerable
concession to the French demands.
1t may be that in return France will
agree to the indefinite postponement
of the Brussels financial conference,
leaving the entire reparations matter
in the hands of the commission. y
|: French, Belgian and Italian ex-
change rates dropped sharply last
week, going to the lowest prices Of
!; the year on the New York exchange.
FEDERAL JUDGE HAND In New
: York upheld the ruling of the att
torney general prohibiting the carry;
ing of liquors on vessels entering
American waters, and the case brought
by a number of steamship companies
is now to go before the Supreme court,
which probably will not hand down a
decision for six or eight weeks Mean.
time Secretary Of the Treasury Mellon
has informally instructed his agents
not to enforce the order against for.
eign vessels whose supplies OF liquor
are sealed when they enter our ports
American ships, however, must obey
the ruling. The French government /
has indicated that It will not comply
with the request, presented 4nofficially