Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-10-27
INTERNATIONAL
NEWS REVIEW
CONTINUED from Page u

France clinched the victory by hold
ing back the German lines until the
Americans were ready for action.
Now, Monsieur Herriot does not
present direct claim that the entire
Indebtedness be forgiven, but he does
suggest that it be cut down, or that
new conferences about partial can
collation. be arranged. In other words
what he wants, is revision.
British Payment.
Great Britain borrowed from the
United States $4,426, 100000 of which
substantial part has been repaid;
on December Is, the sum of sos, $780,
900 will be due, and the British gov
eminent says it is willing to make
that payment-provided that it can
find the money somewhere.
There are two trends of opinion in
Great Britain; one, represented by the
government, moves in the direction of
favOring revision almost to the point
of actual reputation while the other,
voicing the views of the business ele-
ments, maintains that the debts be
paid in full.
Just now it seems certain that
Great Britain will be remit the in
stallment due in December-and then.
probably. sound the American govern
ment on the possibility of new negO-
tiatiOns with a view to revision.
Italian View.
Clear and ringing is the message
of Italy. for last Sunday Premier Ben
ito Mussolini in speech at Turin
appealed to the United States to can
Gel Italy's Indebtedness outright.
France, Great Britain and Italy Dor
rowed together more than 10 billion
dollars from the United States during
and Immediately after the war: Italy's
share was $2,022, 000,O00 of which only
small fraction has been paid, and
MussOlini now feels that no more
ought to be paid.
Only one Interpretation of the new
discussion of the war-debts problem
seems feasible, viz, that revision
must be considered some time in a
not distant future.
In this country there are three dis
tinct groups aligned with the war;
debts question:
One holds that in view of the fact
that the United States has already,
through separate funding arrange
ments with individual debtors, scaled
down their obligations, no more con-
cessions ought to be asked, and that,
furthermore, business honesty re-
quires payment of debts.
Another maintains that as long as
payments are expected from the debt
or nations, the economic crisis which
has more or less paralyzed the world
and all international trade, will con-
tinue.
Finally, the third group believes it
would be sensible to talk the matter
new agreement, inventing some sort
of a readjustment scheme that would
prove more satisfactory than the pres
ent plan.
Expert opinion among economists in
most countries, including the United
States, favors outright cancellation as
sorely needed way out of the pres
ent muddle.
German Election.
An important factor in the present
status of the world is German public
opinion which is about to express it
self anew in the parliamentary cleo
tions due on Sunday, November 6.
What the outcome will be, no one is
able to predict, and it seems as though
it matters but little since the present
government feels it has adequate pow
ers granted by the constitution to dis
solve any national assembly it hap
pens to dislike.
A disturbing, interesting and per-
sistent rumor is to the effect that a
serious attempt will be made to re-
store monarchy; it is predicated
largely on the alleged fact that Chan
cellor Franz Won Papen wants to
give" Germany a new constitution,
either through dictation or through
political intrigues. The fact that a
kaiser party" has been organized
may not mean so very much since it
seems to be a numerically weak
group, but Won Papen's attitude is
considered OminOus, for he is in a
position to declare flatly that parlia-
| mentary government has proved a
failure and must be replaced by a
more effective system-such as, for
instance, the monarchy.
Not thing moro will ha known abOut
the seriousness of such plans before
the results of the election become
| known; then, if the national socialists
| or the communists become too strong,
the chancellor may deem it expedi-
ent to make decisive move.
No Agreement.
Renewed attempts have been made