The Holly chieftain., 1923-04-26

It was intimated in Berlin that the
| government would ask Secretary
Hughes for advice us to how this finan-
cial court might be brought into ex-
| istence.
FRENCH experts are working on a
revision of their reparations plan
representing the utmost concessions
the Poincare government will make.
In brief, it is this:
First, two years moratorium for
Germany on payments in cash, but con-
tinued occupation Of portion of the
Ruhr as guarantee.
Second Germany is to continue the
| delivery to France of materials to a
total of 26Q00,OO0,OOO gold marks
| (S6,5OO, ,OO0,O00), and also pay, after
the moratorium, 26,O00,000,OOO gold
marks In cashN which represents
Frances 50 per cent Of 10000 100000
gold marks ts12.5O0. .O0OOO0) in A and
B series bonds.
Third, France is to write off such
amounts from the $4,000, 100000 gold
marks (s20, SOC, ,OOO,OOO) c bonds as its
creditors may reduce its debts. With
Its share of 90 per cent, Frances hold
lngs Of these bonds represent trifle
more than 4OOO0,OOO,O0O gold marks
$4,000 0OO,0OO). France owes Great
Britain the equivalent Of 12,OO0 600, 900
gold marks 3,OOO,OOO,OOO), and the
United States 10,000,00O,O0O ($2 2,500,-
OO0OOO).
All this does not seem to presage
early accord, and the assertion made
/, above, that crisis appears to be
| rather near, is based on the fact that
the conditions are fast becoming un-
bearable. French measures of repres-
sion in the occupied region are being
extended and made more stringent
daily; many Industries are shutting
down; unemployment is increasing,
and the workers have almost lost all
patience. The mark last week was
tottering on the edge of the precipice
| of almost utter worthlessness. Though
the industrialists have been support
Ing the governments policy of passive
resistance, some of them are now join
ing with the Socialists in the demand
that a definite offer be.made to France.
Chancellor Cuno may soon have to
yield or resign.
That France is "using a whale to
catch sprat" is the conclusion of the
British Labor party's delegation that
investigated the Ruhr occupation. Its
report says In part:
/ ot,r tpIUrnopk no otinr pop
not adequately be dealt with by any
machinery under the treaty OF Yer
sailles. but requires new instrument,
International In character, In the franz
ing of which the German people should
| participate"
TWELVE hundred members OF the
i National Economic league council,
including many of the most eminent
men in America, have participated In
referendum on certain leading inter
national questions. A considerable
majority of them declare that the
French occupation of the Ruhr to col
lect reparations is justifiable; that
America should support world court
tilut hihShlCu Jun LthRut
of Nations, with reservations, and
should promote an International con-
ference on war finance problems.
Slightly more than half thought the
interest on war debts owed to the
United States should be limited to 8
per cent.
THE Republican national committee
doesn't approve of Lord Robert
Cecil and "other propagandists" who
are trying 70 convert the United
States to the League Of Nations idea.
1t has issued statement denouncing
the foreigners who come to America
ito tell what sordid, clay-footed,
selfish people we are, simply because
we refuse to become an active partner
In Europe's bankruptcy and hatreds. /"
The committee urges chambers Of
commerce and other organizations to
quit lionizing these foreigners at their
conventions and meetings and to fea-
ture instead American citizens who
preach the good old gospel of Amer
icanism and mindlng our own business.
DREAIIER LENIE Of Russia, still con-
fined to his bed. sent to the open
ing session of the all-Russian COM
munist congress the word that the
soviet retreat must be stopped and the
government must arouse itself against
recent attacks from within which are
aimed at re-establishment Of capital
ism. Zinovieff, who carried his chiefs
message, made mention of the protests