Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-01-17

tinguishment of the public debt. II
Is general opinion that in the end
the Senate will vote only few and
unimportant alterations.
By 257 to 1873 the House has ratified
the arrangements for settlement OF
the debt of the Italian to our Gov
eminent agreed on by the debt fund =
ing commissions of the two govern
ments. OF the votes against ratifica-
ton 113 were cast by Democrats and
II by Republicans. In the course of
debate on the matter a letter from
Thomas w. Lamont of J. p. Morgan
& Co. was read. declaring that f1ota :
ton OF the s10O,000,O00 loan to Italy
recently transacted by the Morgan
Co. in the New York market costs
Italy Az per cent, and that the Nor
gan profit in the affair was less than
one-fourth of 1 per cent. The funded
total of the Italian debt is s2,042,-
100000. If the agreement is carried
out in full Qualification by our Senate
is still required). we will receive dur
ing its period of g. years a total of
81. 4o7, 100000.
The American and Greek Debt
Funding Commissions are discussing
the Greek debt TO the United States,
which is about sl7.5o0.O00
The Jugoslovaklan Debt Funding
Commission has arrived in Wash :
ington.
The agreement between representa-
tives Of the railroads and of rail-
road organized labor on the terms of
bill calling for abolition Of the
Railroad Labor Board and providing
machinery for settlement of disputes
between railroad arrangements and
railroad employees is one of the most
interesting of recent developments.
* X n 4
Mfscellaneous.-The French Parlia.
ment reassembled on January IL. The
program of NJ. Doumer, the finance
minister, is in the hands of the Cham
Der of Deputies finance commission,
whereof the majority are radical So
cialists and unified Socialists. 1t is
said that they are playing the devil
with NJ. Doumer's bill, and that its
prospects are cloudy.
The director of the Pasteur Insti-
tute in Paris reports the discovery by
two Frenchmen of an effective anti
toxin against tetanus.
Over against Italy's extraordinary
budget, improvement in revenues con-
tinues more and more to exceed eS-
Inmates, We have to set the eX-
traordinary increase of the unfavor-
able foreign trade balance, that of
1925 being estimated to exceed that
Of 1924 by 2,500.000,oo0 lire.
We are glad to hear that Gen.
Pangalos did not, as first reports gave
out, upon assuming the dictatorship
Of Greece, declare the constitution Ga
new one was adopted not long ago.
null and void" To the contrary. he
declares that elections under the new
constitution will be held within the
next five or six months. Gen. Pan
galos says that he Is trying to nego-
| t1ate q Balkan pact to include Greece
Jugoslovakia, Bulgaria, Turkey and
(perhaps) Rumania, and that Jugo-
slovakia has consented.
The Angora government has i'm
posed on importations from coun-
tries which have not made CONNER
cial treaties with the new Turkey
duties eight times those imposed on
1mportations from countries which
have made such treaties. No doubt
the United States was the chief OBJ
Ject OF this humorous proceeding, and
Admiral Bristol, our high commits
sioner in Constantinople, has duly
notified our appreciation.
Ibn Saud, Sultan of Nejd, has pro
claimed himself King of Hejaz.
The dates on the Tacna- AFRICA
| plebiscitary program have been post
poned 10 days by the commission
President Coolidge, as arbitrator, has
dismissed the appeal of Chile from
| certain decisions Of the commission
The tone of the arbitrator opinion
and decision" is at once firm and con
ciliatory