The midland journal. (Rising Sun, Md.) 1885-1947, 1924-08-29
NEWS REVIEW OF
CURRENT EVENTS
Dawes Plan Soon to Be in
Operation-Vice Presi-
dental Nominees
Notified.
BY EDWARD w. PlcKARD

BY EDWARD w. PlcKARD
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 1t already has been approved
by the cabinets of those countries.
There is little danger Of its rejection
by the French, and Chancellor Marx
has warned the German reichstag that
If it does not give its approval it 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
evacuation of the Ruhr need not be
completed until one year from now
and because Of the fear that France
will find some excise 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-
diate 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: eve have re-estab-
lished the interallied front in the
event of Germany's failing to keep
her engagements" AS an earnest
of his own good faith, M. Herriot with
drew all French troops from two Baden
towns within two days after the sign
ing Of the pact. 4r
In connection with the results Of
the London conference situation has
arisen in England that Is unprecedent-
ed. Chancellor of the ExcheQuer
Enowden, without resigning from the
cabinet, has come out with severe
criticism of the work Of the confer
ence. He warns British traders and
manufacturers Of the danger to them
In the. proposed Franco-Germa 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
Z 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 Preparations
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 currencies and any me
chanical troubles in the operation Of
the Dawes plan.
TT is Inevitable that the adoption o.
4 the Dawes plan should have its eff
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
tentions concerning Americas partici
patton In foreign affairs. The view o.
the former may be expressed concise
ly and rather mildly in the words d
President Coolidge:
"This is the most important result
accomplished since the armistice. l
demonstrates the wisdom of the Amer
lean position and the effectiveness o