The midland journal. (Rising Sun, Md.) 1885-1947, 1925-04-17
NEWS REVIEW OF
+. CURRENT EVENTS
Herriot Cabinet in Peril
Hindenburg Nominated
by German Nationalists.
by EDWARD w. PIcKARD

Dtf
At THIS writing the. downfall of
"A the Herriot government of France
Is momentarily expected. because Of
the determined opposition in parlia-
ment to It's financial plan. Already the
premier has met defeat In the senate
on minor Issue, and though he was
persuaded not to quit on that account.
1t was believed the cabinet would soon
be overthrow.
Anatole de Monte. the new minister
Of finance, offered to parliament his
scheme for meeting the financial crisis.
This. briefly. is a camouflaged capital
levy Of 10 per cent on French wealth
and an increase Of paper currency to
the extent of 4,000OO0,OO0 francs
(roughly, 00,000,0OO). The levy is
disguised as a voluntary contribu-
ton" In return for 3 per cent bonds,
payments to be made at twenty-three-
month intervals. Wage earners en-
ployed at physical labor and those
drawing salaries below a fixed sum are
exempt. All others must contribute
10 per cent bf their wealth, under PEN
atty. The people of France as a whole
did not seem especially opposed to this
measure, but the finance committee, of
the chambers had many changes to
offer and the opposition parties at
tackled the plan vigorously. The cur
rency imitation is not considered so
serious since the Bank of France al
ready has issued more francs than the
legal limit, but the forced voluntary
contribution" is being fought especially
by the Nationalist bloc and the reac-
tionaries. M de Monte says he hopes
to raise 15,0OO,OOOOOO francs ($75O.-
O0O,O00) during five years, which is
only about per cent Of the nations
wealth, while an additional 1,OOO,OO0
600 francs ($50.OOO,O OO) would be pro-
duced annually because reduction Of
the floating debt would cut down in
terest and carrying charges.
Hundreds Of Americans and English
men who have established official resi-
dence in France in order to escape
heavy income tax at home will be COM
PEELED to contribute a 1.-THE Of their
wealth unless they are able to transfer
their holdings before the measure be-
comes operative it ever does. The
safes Of the great gambling casinos on
the Riviera and at Deauville also will
be tapped. Primarily the plan is de-
signed to uphold the exchange value Of
the franc. For the present this is be-
ing kept steady by the purchase Of
francs by the French government with
Morgan loan funds. The re-establish-
ing of the gold franc is the ultimate
aim Of the government.
rSIELD MARSHAL Won linden
r BURG has acceptedsthe nomination
of the German Nationalist for the
presidency. in opposition to Wilhelm
Marx. nominee of the Republican coali-
ton and leader of the Catholic Centrist
party. Twice the old soldier declined
the honor. partly because of his age
and partly because he wanted DR.. Karl
Jarres to run. But the Nationalist
compelled Jarres to withdraw from
the campaign and obtained the i'm
dorsement Of the Han0verian party,
the Bavarian Peoples party and the
Economic party for the candidacy of
the field marshal. The German Peo-
pies party, led by Doctor Stresemann,
for some days threatened to break
away from the Nationalist coalition If
Won Hindenburg were nominated, but
1t. too. finally yielded. issuing this
statement:
Despite. our approximations of inter
national and national difficulties which
may result from the nomination of
Gen. Won Hindenburg, we will stand
with him in the fight for his election
for the sake of the bourgeois parties.
We will keep up the discipline of the
party"
Won Hindenburg still declares him.
self the devoted servant" of former
Kaiser William, and German Repub-
Hcans wonder how, If he Is that and
II he is elected, he can swear en- oath
of allegiance to the republic. His most
prominent supporters assert openly