Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1924-08-28
NEWS REVIEW OF
CURRENT EVENTS
Dawes Plan Soon to Be in
Operation-Vice Presi-
Dental Nominees
Notified.
BY EDWARD w. PIckARp

II UNLESS the extreme nationalist
~ and monarchists of Germany and
France have their way-and they prob
ably will not-the Dawes plan for the
regeneration of Germany and the gen.
eral recovery Of the worlds prosperity
will soon be in operation. The agree
ment signed by the delegates to the
London conference must be confirmed
by the parliaments Of France and Ger
many, as it already has been approved
by the cabinets of those countries.
There Is little danger Of it's rejection
by the French, and Chancellor Marx
has warned the German reichstag that
IL it does not give it's approval 1t will
be dissolved and an election called.
The opposition in Germany COM
plains that the Germans remain at
the mercy of the French militarists
and are the losers in the compromise"
This is because it was agreed that the
completed until one year from now
and because Of the fear that France
will find some excuse for remaining
In the occupied territory even longer
The French DIRECTORS to- the agree
ment, on the other hand, assert that
France has obtained many promises
In London, but nothing tangible, while
Germany has obtained visible, tan
gible advantages in the liberation of
the Ruhr within year and the imme-
date evacuation of some important
centers in the Rhineland
Premier Herriot, however, explains
that The Dawes plan does not elm
mate sanctions in case Of bad faith,
and declares: I'VE have re-estab-
1ished the intera1lied front in the
eeVamt of Germany's falling to keep
her engagements AS an earnest
of his own good faith, M. Herriot with
Grew all French troops from two Baden
towns within two days after the sign
ing of the pact.
In connection with the results of
the London conference a situation has
arisen In England that is unprecedent-
ed. Chancellor Of the ExcheQuer
Snowden, without resigning from the
cabinet, has come out with a severe
criticism of the work Of the confer
eence. He warns British traders and
manufacturers of the danger to them
In the proposed Franco-German com
mercial treaty, and also attacks the
policy of permitting the French to re-
main another year in the Ruhr Snow
denis attack angered the French and
served to consolidate public opinion
In favor of Herriot's course, bringing
the people to an understanding of the
great advantages they would gain by
a commercial and industrial alliance
with Germany.
Americans will have a vast deal to
do in the operation Of the Dawes
scheme Citizens Of this country have
been or will be named to fill the fol-
lowing important positions: Director
of the new gold bank of Germany !;
agent general for Preparations; perma-
nent voting member of the reparations
commission for the declaration of
Germany's possible future defaults;
member Of a transfer committee, of
which the agent general is president;
unofficial observer on the PREPARATIONS
commission, representing Washing
ton; arbiters for the questions of
transfer Of eurrencies and any me-
chanical troubles in the operation of
che Dawes plan.
VT rs Inevitable that the adoption of
a the Dawes plan should have its sef-
, fects on the Presidential campaign.
Both Republicans and Democrats pro-
fess to find in the results Of the Lon
don conference support for their con-
fentions concerning Americas partici-
patton in foreign affairs. The view Of
the former may be expressed concise
Iy and rather mildly in the words of
President Coolidge:
''This is the most important result
accomplished since the armistice. 1t
demonstrates the wisdom of the Amer
lean position and the effectiveness of