Evening star., 1925-10-17
L.OCARNO RESULTS
/ PLEASE COOLIDGE
President Sees Arms ParIey
Prospects Frightened
by Agreement.

President Coolidge is greatly pleased
with the adoption OF the Locarno Sc
curity pact He considers it a great
accomplishment and expects il to 30
long way toward assuring world peace
and the economic stahilizatlon of E.u-
rope.
The President also secs in this Sc.
Curity treaty the possibilities for the
bringing about of another general dis
armament conference. such as was
held in Washington at the invitation
of President Harding four years ago.
Ever since succeeding to the office
of President, Mr.. Coolidge has been
anxious for further disarmament. and,
although his desires have been made
known TO the principal world powers,
he has not thus tar received rhe re
sponse for which rs hoped. But those
with whom the President has dis
CuSSed the signing of the Locarno
pact have been told by him that the
prospects OF a conference to consider
further reduction OF armament now
look considerably brighter.
Sees Debt Settlement.
The impression was given by the
President that the adoption cf this
pact also makes more probable The
settlement of the French debt to
the most powerful nations of EuroT-
agree to outlaw war and to stand
shoulder to shoulder in the interest
of peace and economic advancement.
all of which. II is pointed out Will
make it possible for these nations
greatly to reduce the armies they
have been maintaining.
1t was made plain by the President.
however, that he had not yet received
- = l.. l.,
signed at Locarno, but from what he
has learned unoffcially he is satisfied
that Europe has taken a most decided
step forward. In fact. the President
thinks that the importance of this
agreement is of such magnitude that
its real significance cannot be fully
estimated now. Without any hesita-
ton the President is understood to
have told friends that he considers
the agreement one of the most impOr-
tant and helpful steps taken by Eu-
rope since the adoption of the Dawes
plan.
President Coolidge has let it he
known that he favors a retrenchment
in the spending of money by Federal
Government in the building of high
ways throughout the country The
President believes that the Govern
ments expenditures for highway i'm
lllONelltDIS
be kept within reasonable bounds and
should be applied only to main. so
called. market roads. He is inclined
to think that the present $3.50 plan
hv which the Federal Government
pays one-half of the cost of the road
work and the State through which
it is passing pays the other halt,
works a hardship upon some OF the
states. He believes also that some
Of the local roads for which the Fed
eraI Government has contributed one
half of their cost should have been
borne entirely by the States.
Will Speak in New York.
The Presidents next public speech
will be made in New York on
November 10. when he viii attend the
annual dinner Of the New York state
Chamber of Commerce. The following
month the President will so to Chicago
to make another address. The latter
will be at the annual convention of the
American Farm Bureau Federation.
By the Associated Press
President Coolidge has followed with
interest reports that Russia, under the
Soviet government, might he willing
to recognize her wartime debt to the
United States.
NJ O4ilt4til 4IIlDl Ii!SiL4'll i' TINS tAltII
has come to the President, but the
American government has indicated in
the past that an acknowledgements by
the Soviet regime OF the debt contract
ed by it's predecessors would he one
of the Prerequisites for the granting
of recognition by the United States TO
that government. Russia is held by
the Treasury to be indebted TO the
United States to the extent of
S192, ,000,0 600 in principal and $500
nhA in int tereSt