Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-19

TINE following Is a brief summary
of the most important news Of
the world for the seven days
ended January 1S:
THE VATICAN.-On January IL the
Pope issued his first encyclical of the
year under the title "Of Christian Edu-
cation of the Young" According to the
Associated Press digest his holiness
condemns, among other things, Co
education, sexual education OF the
young women and public gymnastic
displays by them, the sending Of chill
dren away from home to school at too
early an age, the new naturalism move
ment in education, bad films and bad
radio programs"
With perhaps by-glance at Fascismo,
his holiness declares that the state
should avoid excess In regard to the
physical and military education OF chill
dren."
THE HAGUE.-Disgusted at the over
weening demands made by the German
delegates at The Hague conference
considering the Young plan), and still
more at their tactics In that connection,
on January IL Philip Snowden, head
Of the British delegation to the con-
ference, expressed himself to the Ger
mans in the following vigorous Ian
guage:
IF you prefer the Dawes plan, say so
here and now. Every time we come to
an issue, you are not able to say yes or
no. We had thought you were plenipo-
tentiaries empowered to make decisions.
have no desire to spend the rest of my
life in The Hague"
Really, the German demands had
been quite eXhorbitant; one being that
the formerly allied powers should pledge
themselves, however Germany might
default, not to invoke the sanctions of
the Versailles treaty. The Germans
argued for no restriction on their mora
forum privileges; whereas the allies,
and in particular Mr.. Snowden, very
properly insisted that there must be
cleanup on an old moratorium before
a new one should be granted.
Apparently the Germans behavior
had been mostly undermined by the
exigencies of home politics; at any rate,
recognizing that Messrs. Snowden and
Tardieu meant business, they aban-
doned their "exorbitances." But be-
fore committing themselves concerning
the bank for international settlements,
they must call into consultation DR..
Schacht, president of the Reichsbank,
who had refused to be a member of
the German delegation to The Hague.
On January IS DR.. Schacht descended
upon the conference like the Assyrian
on the host of Israel, like the wolf on
the fold Though summoned merely
as an expert for consultation, he as
sumed the attitude of "the whole
cheese" He denounced the statutes
for the new bank drafted at Baden
Baden by the committee headed by
jackson E. Reynolds, president of the
First National Bank of New York. AS
clared that the Reichsbank would not
subscribe the German share (some
eight million dollars) of the capital Of
the bank. Now, the Reichsbank is a
kind Of imperium in imperio; its preSi-
dent is a little car. The position of
president was made independent of the
German government for reasons sum-
GENTLY cogent In connection with insti-
tuition of the Dawes plan. DR.. Schacht
was appointed for 10 years, and his
term does not expire until 1884. No
doubt he could be ousted, but the GUST
ing would be a delicate and compli-
Gated business requiring time. Institu-
ton of the Young plan must not be
made to wait upon that.
AS 1t turned out, the United States
saved the situation, so to speak. Our
Government had forbidden participa-
ton of our Federal Reserve system in
| the new bank, but, American partici-
patton being above all desired, in order
| to secure 1t q clause was included in
| its statutes providing that, in default
| of participation by the central banking
| institution Of an interested country,
the share Of the banks capital as
signed to that country might be sub