Evening star., 1923-03-13
DIR. A. C. Millspaugh, Assisted by British,
Reorganizes Finances of Persian Empire

,dent of the Imperial Bank Of Persia
former minister of finance and OF
foreign affairs Of India and one OF
the most distinguished veterans or
the formerly magnificent English
: civil service of India.
I Although it is too soon as yet 10
arrive at any satisfactory balance be-
tween the expenditures of the gov
| ernment and its revenues until the
! American mission is further advanced
in its task of the reorganization or
! the resources of the state. DIR. Mills
! augh and his associates have already
| inspired so much confidence at Tehe-
ran that he has had no difficulty in
obtaining, through Sir Hugh Barnes.
an advance from the Imperial Bank
| Of Persia sufficient 10 enable him
to wipe out the deficit. probably the
last one which the shah's government
Will he called upon, to face.
| OF course. DR.. MilIspaugh and his
companions have taken warning from
, the past and are exercising the
utmost tact and diplomacy. with the
result that being on friendly terms
with all the foreign diplomatic corps.
iregard of the natives. who are very
quick to see in which direction the
wind blows.
| So much dissatisfaction exists
among the public in Great Britain
over the outcome of the commission
on the bestowal Of peerages and other
hereditary honorS in return for mere
political support and monetary contri-
buttons to the party campaign funds
that 4 powerful movement has been
started in order to bring about
another Inquiry, not only to prevent
any further misuse CT the royal pre-
rogative, but, what is far more to the
Iroint, to expose the abuses of this
mature in the past and to bring the
participants in these transactions into
ipublic obloquy and to justice. The
tformer commission called upon to
lcharged with having devoted all It's
efforts to the prevention of exposure
and to whitewashing the persons who
lwere known to be involved.
| large element OF the conserve
itives have joined with the radicals
and with the labor members in de-
imand for further investigation, poIn--
ing out that for hundreds of years
ipaSt the purchase and sale Of peer
ages and other honors has been a CRIME
in the eyes of British law.
| Thus the Duke of buckingham in rne
reign of Charles ! was impeached by
both houses of parliament for the sale
of honors. specific case being the
|
of the day for the sum of $4,000
Parliament denounced it as a heinous
crime. And Henry Grattan, the Irish
patriot and leader of the Dublin par
Iliament at Dublin, insisted in 1890
that the action of the then LORD
lCastlereagh. afterward Lord London
derry. in distributing peerages in re-
turn for votes In favor of the Act
Union was still more impea chable and
criminal than the offense Of the Duke
of Buckingham. since it was a mis-
use of the prerogative Of the crown
to destroy the privileges of parlia-
lment, and as an attempt to under
mine the fundamental laws of tho
LAND and the constitution Of the realm
What was crime in the reign or
lCharles I and in the days of Henry
Grattan is a crime today. and there
lare many people in England who are
determined not to let the matter rest
land to bring the offenders to justice.
ESPECIALLY the purchasers Of hsredi.
tAry honorg.