Evening star., 1926-04-25
The Story the Week Has Told

suspicion of Mussolini is the true ex
PLANTATION. The rumor of Greco
Italian compact aimed against Tur-
key has been discredited by an EN-
phatic denial from Athens.
| The normal peace strength of the
Turkish army is about 10000: the
new mobilization will add about an
equal number.
We are informed that 81 per cent
| lie. the equivalent of about $70,-
0OO, ,000) of Turkeys 1925 budget goes
for national defense.
| X X x
| United States Of America.--On April
81. by 50 to 33, the Senate ratified
the agreement for funding the debt
of the Italian to our Government.
Thirteen Democrats voted for ratifica-
ton and nine Republicans or so-called
Republicans against It.
The total Italian Indebtedness to be
funded is $2,042. 900. 900.
The principal is to be paid by an
nual installments to include 1887. The
| annual principal installment during
the first five years shall be So 100000
| The principal installment of the sixth
year shall be $12 100000 the subse
quent annual principal installments
| increasing up to $79,400,000 in the
siXty-second, or final year.
| No interest until June 10. 1880.
| Thereafter interest at one-eighth of
one per cent per annum to 1910, at
| onefourth of one per cent to 1850, at
one-half of one per cent to 1860, at
three-quarters of one per cent to 1870,
at one per cent to 1880. at two per
cent thence forward. The present
value of the total of payments has
been calculated at about $500 900 900.
Formal negotiations looking TO
| funding Of the French debt to us be-
tween our Debt Funding Commission
on the one hand and Ambassador
Berenger. pienipotentiary representa-
tive of France, on the other. were
opened on Friday. NJ Berenger pre-
senting a French proposal which has
not been made public. The foreign
affairs commission of the French
Senate has passed a resolution de
manding that any agreement for
funding the French debt to us en-
body or be accompanied by a provi-
sion to the effect that failure. from
whatever cause, and in whatever de
gree OF Germany to live up TO the
schedule Of payments under the
| Dawes plan, would correspondingly
reduce Frances obligations to pay
her foreign war debts.
$50 I interpret the resolution as
| d1geSted in the preSs) My recollec-
ton is that our commission turned
"A stone-deaf ear to Caillaux's insist
ence on such a provision. 1t has been
the policy of our Government not
to recognize any connection between
German reparations and allied war
debts. This attitude. OF course, If
maintained, would not preclude will
ingness Of our Government to recon-
slider French capacity to pay" when
or if such reconsideration should be
clearly indicated"
| Our Government has. through Sec
retary Kellogg. declined the invita-
! ton from the league council TO. send
! a delegate to Geneva 10 discuss lin
September when assembly and coun-
Gil are In SESSION. with delegates Of
the states which adhere to the World
Court protocol lone for each state)
the reservations to the Senate resolu-
ton which provides for participation
of our Government in the World
Court and, if thought proper, to frame
new agreement to give effect to
| the special conditions on which the
| United States is prepared to adhere
| to the protocol.