Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-14
BANKERS' FARLEY
STARTS IN ENGLAND
Gov. Harrison, Dawes and
Young Confer on World
Credit Problems.
BY JOHN F. SINCLAIR.

-frt-e BY JOHN +. SINCLAIR.
Special Dispatch to The Star.
- NEW YORK, November 14.-Gov.
George L. Harrison of the Federal Re-
serve Bank Of New York has arrived in
England and begun his conversation"
with European bankers. But he is not
alone. Ambassador Charles c.. Dawes
and Owen d. Young have been holding
frequent conferences in the last 10 days.
j. p. Morgan also is reported to be in
London.
While nothing authoritative has
been published regarding these confer
ences, it is generally believed these
men are engaged in working out plans
for q new deal on reparation payments
and interallied debts.
Germany's recent loan of SIPS, 900, 900
will carry her over until Spring. Had
this loan not been secured, morato-
rum on her reparation payments APP
peared to be a certainty.
Germanys Position.
Germany has never joined hands with
the allies in asking for allied debt re-
auctions. She has kept her PREPARATION
problem on one side of the fence-and
the allied debt problem on the other
Her position has always been that the
allied debts which have been cut from
40 to so per cent OF their Original
amount represent the money loaned 70
the various allied nations by the United
states after the war and that it was,
and is purely, a business TRANSACTION,
standing on a strictly legal basis.
The reparation situation is dlnerent
Renarations were demanded from Ger
MANY on the theory that Germany was
solely responsible for the war. But
there has been some change IN GnlS
opinion since the conferences at YER
Settles There are a number of Euro
mean statesmen who believe the entire
Responsibility for the war did not resi-
on Germany alone, so the basis Ior
PREPARATION has become somewhat weaker
India's Demand.
Oficial India has spoken-she de-
mands dominion status
AL the very first meeting OF the
round-table conference in LONDON IN
dia stated her demands simply, put Ell
fectively. ,4
RAMSAY Macdonald is the busiest
man in Great Britain these days. NO
sooner does he leave the conference OF
British premiers, where everytn.u,l ,
seems deadlocked, than he enters the
great Indian conference to determine
the future policy of Great Britain, IN
volyinr the lives of 100000 people.
Mahatma Gandhi is not there. He is
I'm Jail in India. But many OF his SYM
pathizers are delegates among the
eighty-odd members present. II 1noia
receives the dominion status OF CANADA
or Australia the revolt IN 1nola WIZ
probably die away.
But If Great Britain rejects midas
reuuest many of the delegates viii go
hack and join Gandhi, believing his So
luton offers them the only way out.
Great Britain knows the job ahead.
Her government has not mlnlmlzeu Us
FNv e1nnrh tn the
British Empire. If the DELICATE stu
alton is bungled, and the Indian wishes
ignored. It may spell the beginning OF
the breakdown of the British Empire.
No British statesman envies the Labor
premier his Job at this particular time.
Glass Challenge.
Senator Carter Glass of Virginia, one
time Secretary Of the Treasury, Ques-
tions the right of any seven Democrats
to speak for the 264 Democrats in Con-
gress. It's vigorous challenge to DEM
ocratic leadership. After reciting the
record of bank failures during the Hoo
yer administration, the Senator asks his
party If it wants to meekly acquiesce IN
a state of "do-nothing" politics.
No Democrat should be willing to en-
gage in any politics merely to avert the
fear of persons who think their special
privileges may be taken away, says Sem
ator Glass. Did not his own party put both
on the statute books the Federal Reserve
Banking System and the Federal Farm
Loan Bank System, 1.-The two constitute
ing the greatest advance in scientific
banking and in actual farm relief which
the country has witnessed in so years?"
In word, Senator Glass opposes any
obstructive methods against any sound
government proposal merely to embarrass
Republicans. But he wants it clearly
understood that in the matter of larger
questions dealing with politics, he is one
who expects TO be free and unbound to
do as he believes wise. irrespective OF
what any party leaders might say.
Apple Selling.
II New York is not apple minded"
already, its citizens will be before the
Winter is over. On hundreds of corners,
apples are being sold at cents apiece
by the unemployed. In the past two
weeks, over 100000 apples, that would
have wasted, have been sold by about
1880 men and women now engaged in
this work
An inquiry al the various corners re-
veals the fact that the average apple
salesman makes from 81 to SIS day.
Sales are reaching about 5000 apples
daily, and 1t is expected-n the supply
lastS-that this will reach 1000, 900 a
day before the Winter is over.
Apples from the State of Washington
are conspicuous, but in the last few
days. pears have come in to keep up the
competition.
tcoryright, 1880. by the North American
Newspaper AIiance.)