The Holly chieftain., 1923-12-20

tAiIfe sIatc VI CoiHInlttee assignments
was approved. Magnus Johnson was
given the place on the foreign rela-
tions committee which he coveted. In
the house the Republican committee
of committees gave the radicals only
such representation as they were en-
titled TO by seniority. The Democratic
representation was Increased in pro-
portion to their increased strength in
the house.
DRESIDENT COOLIDGE submitted
to congress the budget for the next
fiscal year, proposing tax reduction
of more than $500, 100000 and a cut of
about S275,0OO.0OO In the cost of gov
ernment He recommended Il revision
of the tax laws along the lines sug-
gested by Secretary Mellon. He also
took another rap at the proposed
bonus, asserting that there is no sound
reason for it and that compensation
should be limited to the war incapacl-
tated and wounded.
An additional Sl,GOO,O0O for prohibi-
tion enforcement is asked of congress,
President Coolidge stating that con
siderably enlarged field force should
be provided He added that he would
present to congress soon a supplement
tai estimate of S20OO0.OO0 mainly for
additional vessels for the coast guard,
for the purpose Of combating more
thoroughly rum running and unlawful
importations." If this appropriation is
granted the President said he would
ask for an additional $60oO,OOO later
for similar purpose.
NJ ORE than 1000 nominations were
4V1 sent to the senate by the Presi-
dent, many Of the nominees already
holding Office under recess appoint
ments. Among the appointments
were: Frank B. Kellog to be ambas-
'sador to Great Britain; Richard NJ.
Tobin of California to be minister to
the Netherlands; Frank McManamy Of
Washington, D. c., and Mark w. Pot
ter of New York, to be members Of
the Interstate commerce commission; ;
George r. James of Tennessee and
Edward H. Cunningham OF Iowa, to
be members of the federal reserve
board; and Edward P. Farley Of H.
linois, Frederick I. Thompson Of Ala
bama, and Bert F.. Haney of Oregon
to be members Of the shipping board.
The nomination of Walter L. Cohen,
negro. to be collector of customs at
New Orleans was made despite the
protest of the two Louisiana senators.
Senator Shipstead of Minnesota and
eight others voted against the con-
firmaton of Mr.. Kellogg's appointment
to the Court Of st. james. but the
vote In his favor was 75,
DREMIER PO1NCARE, probably be-
cause of the prospect Of a Labor
government for Great Britain, is re
laxing his opposition to an unrestricted
inquiry into the German reparations
question, and as result the United
States is to participate, unofIicially.
in such an investigation, to be made
by two committees selected by the
reparations commission! The allied
governments and Germany requested
this, and President Coolidge announced
that he approved of participation by
American experts. One of the COM
.mittees is to examine the German cap
ital abroad, and the other Is to en-
deavor to find means of balancing the
German budget and OF stabilizing Ger
man currency The American exnerts
presumably will be approved If not
chosen by the President. Among the
names most prominently mentioned
are Gen. Charles G. Dawes. Mortimer
l.. Schlff and George NJ. Reynolds-all
eminent bankers. In Paris it Is hoped
General Dawes will be asked to serve
because of his experience in handling
budgetary problems.
Meanwhile the German government
announces that 1t is dead broke, and
it has decided to make world
wide appeal for financial aid suf-
ticient to carry it through the
next year. The German banks and
industriallsts refuse the gov ern-
ernment further financial help and
taxes are not coming in. Minister of
Finance Luther told conference of
German editors that the government
could not possibly meet the S7,000,0o0,-
900 gold mark (S2l 10000, bonds
outstanding, and that the cabinet is
n law whereby all these old
debts, including the war loan, would