Evening star., 1926-01-24

tlement OF the debts of the Belgian
CZechoslovakian. Rumanian. Estho-
nian and Latvian governments to our
Government, agreed on between our
debt commission and the debc com
missions of those governments.
In consequence Of whatever pres
sure. Senator simmons dropped his
attitude i'll the Senate finance com
mittee OF stern opposition 10 the tax
revision hill received from the House
and consented 10 u compromise. pur-
Suant TO which the House bill, with
certain amendments. should be re-
ported out as 4 Senate non partisan
measure. The most interesting amend
ments are: Important cuts in the
SurtaX rates on net incomes between
S24 900 and S100 900 (effecting an av-
erage reduction from the rates under
the present law of Is per cent, as
compared with per cent. III the
House bib: instead OF the estate tax
reductions of the House bill the Sen
ate bill would abolish that tax. Il.e
Senate bill calls for q total tax re-
ductiOn somewhere between $50. .0oo.-
600 and S36S. .000. 900 estimates differ
as To just how the proposed changes
would work ouu az against the
S327 GOO. .O0O of the House hil. The
Senate bill was rHpur,"t out on
Wednesday.
Daniel GugGeuhein. who not long
ago gave $500 900 to New York Uni
versity for esta blShment of IA school
Of aeronautics. has now done n still
more munificent thing. He has estab-
lished the Daniel Guggenheim fund
for the promotion of aeronauticS,
which fund is to be expended under
the direction of IA board of trustees pc
culiarly qualified for such a function.
Five hundred thousand dollars goes to
the trustees at once, and sums up TO
a total of S2,000,000; more will be
turned over to the fund if. as and
when the trustees decide they can use
them wisely. The general purposes of
the fund are:
% To promote aeronautical educa-
ton both in institutions of learning
and among the general public;
(2) To assist in the extension of
fundamental aeronautical science;
(3) To assist in the development of
commercial aircraft and aircraft
equipment:
a. To further the application of
aircraft in business. industry and
other economic and social activities
of the Nation.
1t Is "a gift peculiarly happy in con-
ception and in it's timeliness.
The Mexican government has re-
piled to the note of protest concern
ing the new Mexican land and petro-
lellm acts, presented to that govern
ment by our Ambassador at Mexico
City.
Jane Cowl predicts that within a
dozen years the Legitimate" will have
vanished. There are many melancholy
signs TO justify her prophecy.
y x y !;
MiscelIaneOus.-The finance com
mission of the French Chamber has
not yet finished with the supplement
tary tax bill of NJ. Doumer. the finance
minister. The majority of that com
mission are radical Socialists or uni
fled Socialists, and report has it that
they have altered the bill quite out
of its original semblance.
1t is reported that the Aniera
tr1beSmen of the Spanish zone of Mo
rocco have made peace with the
Spanish.
On Friday DR.. Luther succeeded in
forming his new cabinet. 1t includes,
besides the chancellor, DR.. Luther,
who is a non-party man; three men,
bers of the Peoples Party, three Dem
ocrats. two Centrists and a member of
the Bavarian Peoples Party. DR..
Stresemann continues to be foreign
minister and Otto Gessler minister of
defense
The German unemployment Situa
ton continues to grow worse.
Bolivia has q new president.
The league commission for codifica-
ton of international law, composed of
IL members selected from sundry- ma
tions and including George w. Wick
ersham. one-time Attorney General of
the United States. is now holding its
second session at Geneva.