The midland journal. (Rising Sun, Md.) 1885-1947, 1926-07-30
NEWS REVIEW OF
CURRENT EVENTS
Poincare Is Called On to
Save France-Doings of
the Iowa Republicans.
By EDWARD w. PlcKARD

BY EDWARD w. PicKARD
N RIvEN, on the rocks by political
II and financial schemers, France
seems to be In a parlous condition,
and the people are growing so exas-
perated that revolution of sorts and
a dictatorship are not beyond the
bounds Of possibility. Herriot, the
radical Socialist leader, having upset
the BRAND Caillaux ministry by a
coup that aroused deep resentment,
was called on to form q new cabinet.
This he did, with small hope of find
ing sufficient support In the angry
chamber of deputies. De Monte took
the finance portfolio and drafted a
plan of action. Then Herriot. going
to the chamber through hostile, jeer-
ing throng Of Parisians, told the dep
uties the treasury was empty. 1.-The
country must save ITSELF" he said.
1.-THE money must be stabilized. but
1t is not admissible that 1t be done by
foreign help alone" De Monte asked
authorization to sell the balance OF
the Morgan loan Of $24,0O0,OOO to pay
the current expenses Of the govern
ment. This the chamber granted.
BRAND had been greeted with such
thunderous applause that Herriot
knew he was doomed, so to have 1t
over with quickly he called for vote
Of confidence. By q vote of 29O to
2S7 the deputies upset his ministry
and sent him to what Is probably po-
litical oblivion.
At midnight President Doumergues
called from his bed the veteran Poin-
care, and told him $50 deputies had
signed a petition for strong national
union cabinet, and that he was the
logical man < to head it. Poincare
agreed to do his best. and began nego-
tiations with the chiefs of all the i'm
portant political groups except the So
cialists and Communists. 1t was ex-
pected he would himself be finance
minister In addition to premier, that
BRAND would be foreign minister,
Leagues minister of marine, Painleve
war minister, and that perhaps Leon
Blum, Socialist leader, would be Of
fered a portfolio. What the financial
plans of the Poincare cabinet may be
cannot be predicted at this time. Pos
sibly it will persuade the French ma
ton that it must tax itself heavily
enough to get out of its difficulties
a course of action the French have
never accepted though 1t was found
necessary by every other nation that
was confronted by serious after-the-
war financial problems. The franc de-
clined during the two days the Her
riot government lasted almost to the
two-cent point, but reacted somewhat
when that cabinet was thrown out.
The people of France are frightened
and exasperated. In Paris there have
been numerous attacks on foreigners,
especially American tourists, for the
ordinary Frenchman persists in blam-
ing America for his country's predica-
ment. The "smart aleck" behavior of
some American trippers does lot to
aggravate the situation.
JINGLE SAM was the object Of vio-
~ lent attacks during debate in
the British parliament over the French
debt settlement. Lloyd George de-
clared Britain's agreement to pay the
United States was the mistake which
plunged all of Europe into the midst
of its troubles"
IF all the war debts had been wiped
out, 1t would have been merciful act
to the world" he continued. IF
Great Britain had refused to make any
agreement with America and this ar
rangement had not entered into all the
following maneuvers for debt settle
ments, all the entanglements through
out Europe today would have been
avoided"
Philip Snowden and others joined
In assailing the governments debt
agreements, which were defended by
Chancellor of the, Exchequer Churchill.
Mr.. Runciman. Liberal. said of Amer
ica's part in International finance:
"The chancellor of the exchequer
would be well advised he faced the
whole situation on d Pch larger In