Evening star., 1926-08-01
BY HENRY w. BUM.
HE following is a brief sum-
mary Of the most important
news of the world for the

~ HE following Is a brief sum.
mary of the most important
news of the world for the
seven days ended July 81:
The British EmpIre.--It sounds
rather fiat to say that, though the
situation resultant from the British
coal strike is very bad, It might DC
great deal worse, but the dispatches
do not permit more precise state
ment. The plants of the heavy IN.
dustries are closing down In rapid sue
cession, and some predict complete
suspension In that category ere long.
But the lighter industries. with a
meager supply of expensive fuel, man
age to maintain reduced productlon:
A sort of equilibrium at reduced
level has been reached, the. total OF
unemployed changing little.
On account of the Canadian general
elections, the opening of the Imperial
conference has been postponed 10 &c
tober 10.
France.-On July % the new Poin'
care government appeared before tne
Chamber, and after reading OF the
ministerial declaration, received vote
of confidence, 35S to 1871; the OPPOSE
fed Socialists and Communists. Pom
care submitted a fiscal bill which the
Chamber at once referred TO It's
finance commission. The latter mace
some trifiing amendments. Whlcn
Poincare accepted, and reported II out
with approval on the 29th, and the
Chamber debate thereon began yes
terday.
The ministerial declaration was very
General, It's burden was the Sal
yation of France by grand co-opera.
tive effort of all Frenchmen wltnous
foreign assistance. Inc hEss a
most important thing to De acmsveu
10 An assured, steady, never.iaihng
s,,rnlns of revenue over expenditures,
sufficient beyond other needs TO leeo
. moderate sinking fund for redemp'
tion of the public debt. the opera,
tions should be of the simplest al
ideologic panaceas and devices 10 ps
eschewed. No capital levy. nor 1orceu
loan no moratorium, for the present
Of least no consolidation. Above al,
No {nfiation. Though already France
hears a heavier burden OF taAatloh
than any other country. heaVy IN
crease of taxation is deniahoeu'
mostly indirect, for prompt yleio. a.
the same time the income tax scheu'
llleS must be AMENDED, 50 90 az -
to make the. incidence fairer and 70
.'increase the participation OF acqulreu
wealth" which is acquiescent thereto
1--WE do not pretend to solve In sew
eral weeks. not even several months
the totality of the economic ana nnan maj
cial problems, which almost UNIVERSE
,Inea siness has created. The essentlal
thing is to get started quickly ana 10
continue without deviation"
Poincare is chary of words ne
saws nothing of sterilization OF
REORGANIZATION, bridges to be crossed
when reached Confidence" is the
onIy word he repeats. With restora,
tion of public confidence the day Will
he saved. The reference in the decla-
ration to the debt agreements is OF
the yaguest, but Poincare has since
declared that he will not ask Tor
Parliamentary action on the debt
agreement until Parliament returns
from it's vacation, in October. The
declaration is silent as to foreign
credits or loans OF course American
credits are outside the picture, but
ii is understood that Caillaux re-
ceiyed offers from Amsterdam and
London of adequate credits uncon
ditional upon ratification of the debt
agreements, and that these offers