The Holly chieftain., 1924-03-06
pREs1DENr COOLIDGE seemingly


DRESIDENT COOLIDGE seemingly
gress Is SO distracted by the oil lease
scandal and similar matters that 1t
will let through appropriation meas
ures which will undo the budget sys-
TEN. An authorized spokesman for
the President said that one OF the
most disturbing factors OF the present
time was the large number of appro-
priation bills pending which called for
enormous expenditures. Bills are be-
ing given serious consideration which
provide for additional expenditures
larger than the entire expenditures Of
the government, the Post Office depart
ment excepted, before the war.
Bills which cause the President most
concern relate principally to measures
for extra compensation, increased pen
sions of all descriptions, and the SOL
diers' bonus bills, but added to these
there is u general tendency to increase
expenditures all along the line.
This tendency, the President insists.
calls for determined resistance or else
the country will be swamped. The re-
suit not only will be failure of any
tax reduction, but the country will
actually be facing an increase in taxes.
Hc is convinced that there are plen-
ty of resources in the country to sup
port all of Its population In comfort II
the people will only be willing to go
along on the present level until there
Is production enough to warrant an
Increase. But, he holds, If through
congressional action. yielding to pres
sure exerted from many organizations.
appropriations are increased, the coun-
try will have to face decline until
there can be liquidation and fresh
start.
roNGREss suspended business
~ Wednesday and the senate and
house Joined In memorial service to
the late President Harding. President
Coolidge. the cabinet, the Supreme
court and the foreign diplomats were
In attendance, and Mrs. Harding sat
with a group Of friends in one of the
galleries. The only speaker was Sec
retary of State Hughes, who sketched
Mr.. Harding's career and paid elo-
quent tribute to his accomplishments
in public and private life.
DREMIER THEUNIS of Belgium
l and his cabinet, defeated when the
chamber of deputies rejected the
Franco-Belgian convention relative to
imports to and exports from neighbor-
ing countries. resigned on Wednesday.
This in itself was not so important,
but Its effect on the settlement of the
German problem may be great. Theu-
mis- and his foreign minister, Jaspar.
have co-operated closely with the
French government and 1t is admitted
that no cabinet can be selected in
Brussels that will be so pro-French. II
Poincare finds he Is to be isolated 1t
may be he will not be so willing to
make concessions in the adoption Of
the Dawes committee plan for the re-
organization of German finances and
the payment Of reparations. The news
from Brussels caused the franc to fall
to a new low mark-24.6O to the dol
lar.
The Dawes committee report, which
probably will be submitted to the rep.
arations commission this week, pro-
vides for payments in kind by Ger
many during the proposed moratorium.
The budget subcommittee has prepared
a plan for balancing the German
budget for three years. with extension
of allied control over an additional
seven years. ten years In all. The
committee has completed its work on
the German gold bank plan and the
railway plan likewise has been practi-
Cally finished.
FNPERTS Of the League Of Nations
~ engaged In trying to devise ways
of reducing naval armaments talked
md quarreled for two weeks In Rome
and adjourned without practical re-
suits. Too many Of the nations want
ed to increase instead OF decrease
their naval defenses. Russia's de-
mands concerning the Black and Bal
tic seas were enough in themselves to
disrupt the conference. Another may
be called later by the league.
FORMER FIELD MARSHAL LU-
L DENDORFF, Adolf Hitler and
others were put on trial in Munich for
their part in the comic opera Bavarian
''putsch" of last November. Court,
prosecutors and spectators were all
most friendly toward the accused and
there was every sign that the trial
would be farce.