Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-11
BY HENRY w. BUM.
DHE following is a brief sum.
mary Of the most important
news of the world for the
seyeu DAVIS ended July 10:

The British Empire.-The gov
arnment bin making permissive
(should the miners consent thereto)
for the next five years an S-nour
working day in the coal mines mas
been passed by the Lords and mas
become an act through the royai
assent. The Labor members OF tne
Commons made rather disgusting
rumnus in the House of Lords, When
thew betook themselves thither LOT
the ancient ceremony OF listening 70
1.-THE royal assent. Returning 70 tne
House of Commons, Labor ana Con.
sentative members pummeieo each
other. This acted as safety Vaive,
for all hands finally took their seats
in iolIy good humor. Perhaps Mr.
Dawes and Mr.. Longworth wiil take
the hint.
n is expected that within q rev
days practically all the Lancashire
cotton mills will have closed down pc
cause Of lack of coal. q,
great tower has been erected IN
honor Of Lord Kitchener on MarWlck-
head west coast of the largest OF the
orEnevs. near where the Hampshire.
with the great soldier on board sank
on June S, 1916.
Erance.-Thee report of the COM
roission of experts was pubhsneo on
INV 4. It's chief recommendation are
as follows:
The Berenger agreement to De
ratified and a similar agreement re.
snecting the debt Of France 10 0reae
Britain to be contaminated.
After these ratifications mot pos
s;bIe before) considerable foreign
credits and long-term foreign loans
The franc to be stabilized accord
ing to definite program; consumma-
ton of the process to be signahzeo py
the francs valuation at a new goio
p' 4 New indirect taxes, to yield four
billion francs, and genera re'Aslon
of the taxation system. aa
s. The income tax to be reoucsu'
the expectation being expressed " ~
crease of yield through sucn reuuc-
ton. 4ha
aoatine debt and institution OF an
autonomous machinery for It's amort'
patton: certain resources, sucn as the
Dawes annuities and the tobacco
monopoly, to be assigned to the
amortization fund.
z. Drastic retrenchment ana economy
in state expenditure.
IS. An end to imitation.
Q. Freedom for capital {
10. A cautious use OF the gold re-
serve of the Bank of France In the
effort for sterilization.
IL. Adoption of an economic pohcy
framed to offset the industrial anu
commercial difficulties inevitably IN
c;dant to stabilization. Production to
he increased and the eight-hour law
to be cautiously relaxed over the
emergent period.
On Tuesday Caillaux faced the
Chamber and made his anxiously
awaited statement. He repeated IN
essence the recommendation OF the
EXPERTS commission, making them
the recommendations Of the govern
ment. He went into some detail as
To the character Of the proposed
revision OF the taxation system "a
matter dear to his heart); he an
nounced mot included in the COM
missions recommendations1 the
necessity of an emergent internal
loan Of $4,000, 10000 francs. IN
particular, to make possible contlnu-
ance OF the work of restoring the
devastated region; and-transcend.ng
all else in importance--he Gemandea
q financial dictatorship. He dld not,
as he had been expected to do. sub
nit bills embodying his recommen-
dations. but announced that they
would soon be forthcoming and. IN
particular. a bill proposing grant OF
the requisite power Of financial de-
cree. j
Caillaux were violently attacked by
M. Franklin Bouillon, chairman OF
the foreign affairs commission. and
M. Leon Blum, head OF the United
Socialists (the real Socialiats). AZ.
Franklin- Bouillon assailed the Ber-
enger agreement from every angle
ana thus perforated: 1T Ii unthink-
ahla that the world should witness
thu spectacle OF people who have
undergone such sacrifices, who in-S
deed saved the world, perishing
nnder the weight of debt to their
friends and allies. The government
thinks as / do, and the country as
4 whole does. No one challenged
this statement M. Blum made a.
four-hour speech In favor Of q capital
law. IN opposition to the demand for
financial dictatorship and In criti-
cisrn Of tie Berenger agreement
chiefly because Of its lack Of a.
atransfer'' clause.
on Thursday Caillaux made
another desperate appeal. While he
was speaking the franc was making
its greatest days drop 10 the love-
est point iii its history l2.5l cents