The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-15
TURNING POINT
IN EUROPE seen
Forbes Also Predicts End
Of Mud Singing At
Washington
BY b, G. FORBES.

tCopyr1ght, 1DS4, by b. U. Forbes y
feel optimistic. i.
~, believe the turning point has come
IN Europe and that this tremendously
important development will shortly be
1 widely recognized. ;3e -
/ i believe that the mudslinging at
washington has reached and passed its
height and that it will hereafter sub
4 ness. IT
4 believe that the outcome. of the
presidential election will become less
uncertain rather than more uncertain
as the weeks pass.
While no man can ever pretend to be
able to foretell stock market movements,
It looks to me as if professional at
tacks on quotations has been carried
3rather far and conditions warrant inn
faeyement in prices rather than fur
Their declines. ss@; AZ
Buying Of goods Of ali kinds has been
carried on so strictly from hand to
mouth that should sentiment become
more hopeful the probability is that
lorders would be placed hurriedly and
in distinctly larger volume. This ! re-
lgard as slightly more than possible
Development.
In this connection, it may or MAJ, not
be significant that the proportion Of
commodity declines to advances during
1.-THE last two, weeks has shown distinct
modification. Z
II The arrival of good weather is cal
Eulated to act as a; tonic to the automo-
/ bile industry which has been affected
Py the late spring, thus creating more
1 pr less misgiving. rs
H Good weather will also itimnlate the
building industry.
II 1t will benefit cotton operations in
Fhe south and agriculture in general. 1t
SlEil quicken buying of clothing, fur
hishings, etc., in retail stores. =
iii 1t will open and widen many chan
hels of employment.
Favorable tax legislation is within
Hi unquestionably President Coolidge's
Illtern rebuke to senator's who have been
IIhdulging in irresponsible tactics will
EIle widely Endorsed by the public and
lhus have a salutary effect on Congress.
hen q. senator goes SO far as to en-
sIage, at his own expense, prosecutor"
4 lip attack tieiously a cabinet officer of
klhe calibre and character of Andrew w.
lellon, thereby throwing the country
4 ElhtU the danger of losing the services
s 4 the ablest treasury secretary. the
q limited States has had since Alexander
a Hamilton, then it plainly was time for
Ihe chief executive to call a halt. As
8 Rletween Mellon and the muckrakers,
he public will find no difficulty in
khoosing..
From now on, therefore Washington
Il likely to exercise less disturbing inffu-
bee upon business and employment. :
81 4 The principal question now before
q lie world is, tWill Germany accept the
awes plan 2" .s =
g In my humble opinion, Germany, aft
inducing the separations commission
fix limit to the total amount ,ulti-
htely to be paid and perhaps other
Publications viii accept the plan.
Germany rallies that the plan had
IL unanimous approval of the Amer
In, British, French, Italian and Bel
an experts. Germany realizes, also,
at the plan has been unanimously
cepted by the official reparatiOns COM
ssion.
Germany realizes, moreover, that no
per basic plan has been formulated
IA that rejection of the carefully
awn-up Dawes arrangement would
~ into the hands ofemilitant French
erests eager to have unfettered free
n to overrun German soil and harass
rman industry.
Confronted with the alternative of
Dawes plan or chaos, Germany is
ely to bargain for certain concessions
d stipulations and then to accept
situation.
Since Germany well understands that
international financial assistance
be Forthcoming unless she finally
zepts the plan and undertak to live
to it Loyalty and energetieally, there
Eround for hoping and believing that
whole matter will shortly, be. set
tremendously. 80
this happens-and it has. more
En an even chance of happening
At will the effect be in the United
ties, in Europe and throughout the
kld? Ny ideas on this subject are
pronounced that ] hesitate; to OUT
them. -As.-
rrOprwo- Am n4Trr rS =,