Evening Star Newspaper, August 23, 1931, Page 25

. . TO McADCO LEADERSHIP Ex-Secretary of Treasury Still Has Fol- - lowing and Will Be Influence at Next Convention. BY JOHN SNURE. influence in the still Jooked up to as a many of the men wi ‘Wilson administration re- as the strongest and most in that administra- programs to be followed through the coming session of Congress. Expected to Be Receptive. Mr. McAdoo, according to information m, will not be an active ite for the presidentizl nomina- €on, but he will be receptive. If it ~aould so turn out that the convention next June gets into a deadlock, as it ‘may, there is likely to be a power- ful movement to resolve the difficulty by nmnlnn!ni Mr. McAdoo. A of the former Secretary cf the Treasury assert that he would be Teceptive to such a movement. Many dry leaders in the party and outside of the’ party have McAdoo on their minds, lgg l‘hh{‘l.e thgd.lcrye not, ly ing his can they ‘would be m: an nity to sup- port him and would, view him as emi: nently satisfactory if'he were named to % development woul espe- ey T "wotla- enable them 15+ enable them to step Republican boundaries in or- to uphold the prohibition e old Woodrow Wilson fol- § { L i the nht(ur;:h e npealu ?r mguuon proposal. They say aflure o National chllr};nln John J. Raskob t { | get the National Committee, at its here in rch, to recommend a wet plank to the National Convention does not mean that the movement for May Hold Veto Power. Out of this situation, though the probabilities are sgainst his being nom- inated for President, it might well hap- pen that McAdoo would be put into a position to hold a veto power in the convention. He might be able to dic- tate who should head the ticket, and poesibly head it himself,” despite the fact that in the past his enemies have always succeeded in defeating him. ‘The McAdoo-for- it tradi candidate for a number of ballots. years later, the memorable conven- ing candidate through days of balloting. wanted by many of the delegates, espe- , even though it was le to block the nomina- Dr. Harm: io Arias, Panama Minister, Began Life Humbly, Worked to Top (Continied From First Page) ‘With these he set out to make “some one” of himself. He entered competi- tion with a group of distinguished students for a government scholarship | pathy It is in those years of strenuous work that Dr. Arias | made his reputation. He not only won legal suits in the courts, but won for himself prestige, both as a lawyer and as a man of stal- wart honesty, seldom equaled in its scope. Wherever he appeared he made and admirers, until soon politi- eal groups, business concerns and sec- Dr. Arias’ legal office, the most re- puted one in the country, has as clients all the American and foreign concerns of any importance which are operating in Panama. He is legal adviser of the American companies, He is the most popular man smong the natives, and probably the only one whose ptgltlcll honesty 1s This is & case | cy, the are 1o be held next term now being com- Press dispatches fm my“ il rom Panama City nd other points of the republic have reporting that the name of the t Minister in Wi n looms most likely to receive the nomi- the national convention next el n to the presi- of Panama appears the more if one stops to think that, be- perscnal merits, Dr. Arias is blic ?fln whol counts with of political groups. than see the government in the hands of their enemies, the different probably . If they themselves are not go- g to benefit from the privileges of | power, they know at least that under | Arias nobody else would. | Like eny truly popular statesman— one whose reputation rests upon some- thing else than mere political combi- { nations or artificialities—Dr. Arias is doing nothing to force his candidacy or | precipitate the course of events, He sits serenely at his desk in the legation, in conducth ted Pana- man-American relations and waiting |for the current of public opinion in |his country to declare itself in the | manner that democratic principles pre- scribe. Such is the story of this self-made has | man from the south in whose life can Prestige Explained. Dr. Arias’ prestige and overwhelming politics and an unconquerable in 580 o s abine on his privens ¥ public or i e o i vl = e e rankness to point out right and wrong &nd to speak aloud the truth may ac- count for the confidence that all mans have in him. ‘This copfidence’ made itself felt sev- eral months ago, when an armed upris. ing overthrew the corrupted regime o Pry Arosemens3, cabinet, so that, the Panaman constitu- {be found all the elements which - | icans admire, and try to live up to, in | their own leaders and statesmen. | (Copyright. 1831.) Indifferent to Politics HONOLULU, Hawail.—Although Pil- ipino political leaders continue to de- mand independence of the United States, large numbers of Filipino labor- | ers are coming to Hawali with no in- terest in politics whatever. Most of .| magnate, political potentate. tion in New York, he was also the lead- | In 1928 McAdoo was still the man| . | chief had sworn he never would accept mora! hour | mid-Jure this prospect .|{ing with increasing _probability. On BY C. PATRICK THOMPSON. N the dull pattern of England’s po- | litical life the lean and agile figure of an intruder with the trans- atlantic accent weaves a glittering and excitant thread—the only one on view now, that the gorgeous streak of Welsh wizardry has dulled and faded with the decline of Lloyd George. lntruderfi ge would reulrllt L‘he- :‘er‘:: Certainly he is not so much ol . truder as the Hanoverian Willlam of Orange, who ascended the English throne as William IV and launched the island kingdom as a big factor in Eu- ropean politics. He looks even less like an intruder when measured against the curled, fantastic Italian Jew Disraell, who as premier led Britain into im- | perialistic paths and crowned the Brit- {ish lovm&ln empress of India, who | died in the odor of sanctity as the Earl | of Beaconsfield, and whose name is still mentioned with reverence by blond Nordic squires whose ancestors roasted Jews in feudal England. Meet him: Willlam Magwell Aitken, first Baron Beaverbrook, of Beaverbrook, New Brunswick, Canada, and Cherkley, Surrey, England—Millionaire, newspaper a mem| of his majesty’s privy council, now leading the crusade for the regenera- tion of England and her empire by means of the economic unification of this scattered conglomeration of lands, resources, peoples and interests. As a boy in his strict New Brunswick home, young Bill Aitken, son of & poor Presbyterian minister and grandson of | a Scottish farm laborer, never got so much to eat that he grew fat, and never had such an easy time that he grew lazy. Converts Party in Two Years. A discerning prophet might have forecast a considerable success for this thin, restless, acute, indomitable youth in a time of opportunity. But it is doubtful whether the most sanguine would have seen him, at the end of a vista of 30 years, rich, famous, nobly ensconced in the hierarchy of the Brit- ish peerage, influential enough to make end unmake British governments, im- mhls policy upon the chief of the ritish Conservative party after the it. e Beaverbrook took only two years to hammer into the platform of a party that at first was reluctant, hostile and | unwilling, the main plank of empire economic co-ordination based upon tariffs, imperial preferences and dis- crimination against foreign foodstuffs. It | was quick work. But this man is & fast worker. He was 10 years m his “pile,” another 10 years learning the 1 game and establishing himself " | as a political power in a new land; 10 LORD BEAVERBROOK, and concentrated his ener- gles on the new task. Now he is the | crusader working to switch the ponder- ous British machine from the dead-end siding on which she now lies onto that main road of economic unity which the United States already has taken to reach the peak of and wealth. ‘The man, built ly along lines similar to those of Henry Ford, but with Prom a Lithograph by Eric Pape. A MODERN CRUSADER. an abnormally big head, abnormally wide grin and young, quick, penetrating | eyes, and gifted with charm and mag- netic personality, began his business ca- reer selling insurance, but did not make & fortune at this or any of the other jobs he tried. Then he went down to Newfoundland. Now, it chanced that in Newfoundland at that time there was a bank which was having a thin time and wanted to be bought out by its powerful competitor, which was quite I[FRENCH VIEW WITH ALARM EUROPE’S TRADE STATUS, Britain’s Champion of Empire Crusade for Economic Unity Has Forced a Divided Conservative Party Into Line. ready to deal. But the bluff on both sides wes so good that neither side had made overtures to the other. A go-between was needed, the spark io use these two sets of human destres. Collected Twice on Merger. ‘The young intruder got to hear of this. (All through his career it has been his forte to get wind of such opportunties and to act like a lightning flash.) He went to the first bank and asked them what they would give him if he got the other bank to take them over at'an agreed price. They named their price and a commission figure, but insisted that, of course, the young man must not approach the other bank as from them. Max Altken then crossed the road to the other bank and asked them what they would give him if he could get them that bank they wanted for The deal was swung, the banks were merged. Young Beaverbrook returned to Canada with a stake and proceeded to singe the beards of the captains of the financial galleons in Montreal. His big deal was a merger of all the Canadian cement companies. How he went about the job, how he played man off against man and company against company, bought them up cheap and finally merged them and sold his own interest for a huge fig- ure—and saw the ice of cement notched up 50 per cent by the new trust—is too long a story to tell here. But it made him rich, and other ven- tures into the field of industrial finance and enterprise made him richer. He rationalized and bulit. to England, mainly to sell Canadian industrial bonds—he had a bg strong- box full by this time—to Britishers who were making loads of money in world trade and seeking profitable over- seas outlets for it. Among the men he saw with this object in view was Bonar Law, a Scottish {ronmaster, high in the hierarchy of the British Con- servative party. 3 ‘The two men had a conimon busi- ness interest. Law's firm was Wil- Mam Jacks & Co. of Glasgow, and Jacks & Co. were agents for the Nova Scotia Steel & Coal Co., one of the concerns in which Beaverbrook was interested. They had scmething more in common. Both their fathers had been rian ministers sent out with church aid from Scotland to the nm‘ he Ci an province of New Bruns- wic Bonar Law was the source of the political river which Beaverbrook sub- sequently navigated with adriotness and aplomb. _Beaverbrook had done _his (Continued on Fourth Page. - - BY LELAND STOWE. ARIS—The downward revision of reparations and war. debis is now considered highly probable within the next six anu to ‘Tuesday the Wiggin Bankers' Commit- tee studying Germany's credit and the financial crisis at Basel-issued port. Despite its extreme care in the wording of the report, it_recommended . | by implication that a reduction in Ger- | giona) today, | many’s payments should be seriously’ considered for the near future. One of “the banking officials con- cerned summarized the report by say- ing: “The report does not recommend reparations revision in so many words. but when you analyze it that is what it boils down to.” He stided that the ‘bankers expect the governments in- volved to take some action on the rep-| arations slash when they meet on Sep- tember 5. Thus the radical and defi- nite alteration of the “complete and| definite” reparations agreement known a5 the Young plan and now less than | two years old in application has been placed Europe's international agenda. surate reduction of Europe’s war debts | to America. Indeed. from the fragil condition of the European nations' economy and from the national budgets, Britain's, Bel- glum’s and Austri to name only & few, which are in the red, this con. clusion appears justified. It seems the | only way the international financial ob- ligations can sensibly be deflated is by applying the sponge all the way around the table, and that is what is extremely likely to happen before 1932 passes into history. Unified Action Dictated. One excellent reason for this, in the minds of European economists, is that each nation's depression is now every- body's depression, as the Basel experts’ report on Germany frankly states. Ac- cordingly, unified policy and unified ac- tion is dictated and debt revision has | emerged—in a short space of time which no one could have envisaged two years ago—as one of the main of this common program. In Telation to this development it is | interesting to note the two articles | which appeared in the Paris press dur- ing the past week, both of them before the Basel experts’ report was decided upon or signed. One of these, in Le Matin, by Stephen Lauzanne, its po- litical " editor, outlines the ' ca: points of the Prench attitude toward revision. The other, in L'Echo, is &n interview with Flandin, minister of fi- subject of reparations revision. zanne states three principles: One, that Prance will not tolerate a secret dis- cussion of the reparations problem; two, that France will not agree to com- prete reparations unce;l:.tg case, and, three, that intention of permi proper being placed on as war debts. e same article states that when Chancellor Snowden raised the ques- tion at the London conference, Flandin replied that France would refuse to discuss it separately from war debts— in other words, that reparations reduc- ! tion, in Prench opinion, must be accom~ mbd by a recuction of war debts to United States. echoes French official means that if are to be slashed to_reduce war Jude to such reductions or stmultaneously. 55%? tHi fy ] g a7 SHARP CUTS IN WAR DEBTS SEEN BY BANK EXPERTS Since Hoover Moratorium—See Move in Six Months. devastated r¢ and therefore fur ‘Washington, next 12 months, may agree to offer & reduction of war debts. .European money from Germany vy D | world focal point and French deci- | their reparations —which would tend to distribute the sacrifice all around. and in that | tuality it France notably may be able or willing become the to g0 wi e determining poln'to of the whole debt reduction ne- gotiation. For these reasons the Prench rope’s economists, bankers and business men are convinced this question is now fated to come to the fore. BY G. H. ARCHAMBAULT. ARIS.—Any considerstion of the probable trend of events at Geneva next month. when both the Assembly and the Council | of the League of Nations hold sessions, must be conditioned by the | Prench attitude. For the time being Paris remains the sions govern the success or failure of any international conferences on dis- armament or restoration of industry and trade. Consequently, significance attaches to Premier Laval's disinclina- tion to go to Geneva, made manifest this week. It indicates that the Geneva sessions are considered here as of minor importance compared with the conver- sations in Berlin between the PFrench premier and the German chancellor | which are set for the period immediate- | Iy after the League meetings. Both were discussed this week by the Prench cabinet, which decided to send | Pinance Minister Flandin to Geneva | 85 a second delegate, Foregin Minister Briand remaining the head of the dele- ! gation. Flandin stood out prominently TROUBLE BY BRUCE BARTON AST Spring, when the gloom was thickest, used to drop in at the end of the day to see the only optimist in New York. He is a big man physically, a former e foot ball g.l:yer. a ul executive. 0 years he was put through a erations. has been flat on his back in bed. Most men who are out of > _'This man's case is different. Whenever I called I found tw: false assumption that life is normally joyous, that its prob- lems and ulties are ex- ceptional blemishes on an otherwise delightful experi- ence. “That is not the fact. Man is born with no guarantee that happiness is to be his daily portion. Pleasure is no art of the life contract. Life work and worry and diffi- culty, with occasional mo- ments of delight. Trouble is not acute; it is chronic. “When you once get that idea it gives you a whole new outlook. You are no longer surprised and discouraged to find worry in the morning mail. You expect it. You say to your secretary: ‘Give me the day’s quota of grief once; let me wade into first’” It was one of the bravest speeches I had ever heard. I pass it on for the encourage- ment of others. ‘The long period of pros- perity following the war tend- ed to soften our spirits a;d e FRENCH STAND AT GENEVA TO DOMINATE MEETINGS Prospect for Downward Revision Looms| Selection of Finance Minister as Dele- gate, Instead of Premier, May Mean Laval’s Avoidance of Discussion. in the negotiations over the Hoover moratorium and in the conference of Ministers which followed in London. He is nt Premier Laval's views and it is no secret that his duty is to prevent Briand from committing himself in connection with any pend- ing question. Reputation to Uphold. Laval's political future rests on up- holding the reputation since he ed active direction of | way. plain why, contrary to-earlier reports, Laval himself is not go'ng to Geneva. He fears, despite his shrewdness and | prudence, that he might be inveigled |into concessions in connection with the coming conference, first on disarma- ment, then on a revision of tions, as foreshadowed in the ‘?fi report. | Problems raised by both be_much discussed at Geneva, but the Fremnch academic. It seems bable today that these hopes are well founded. The Wiggin report has been described here as “an explosive document,” not so much for what it says as for what In any open conference in asserting that sacred assimilated with the debts question or with repara- tions reductions. No cabinet abandon- ing this doctrine could live. On the other hand, France well re- in tions as allies stand isolated. Italian and British pronouncements this week have come to remind her of this. Therefore, she realizes also that the outcome of any conferences will be a demand for sacrifices on her part. Much to Do in Berlin. In the light of all this, Laval is in. clined to believe much can be accom-’ plished in Berlin with Chaneellor ence of several score delegatss from va- rious countries, many of which are only | remotely interested in the matters under consideration. The majority of pressing world prob- lems today are reduced in the final analysis to reconciling opj French and German Vl:nwpo!nnl ‘The financial so much. They named a commission. | ARIS—“Europe runs the risk of being caught between two for- midable eccnomic masses, repre- sented by 120,000,000 Americans and 150,000,000 Soviet citizens, What will then become of her indus- tries, unless they are organized to pro- cuce at the some cost as foreign com- petitors? No tariff barriers will prevent Russian wheat and flax and American machines to be sold on our markets cheaper than European goods. And our workmen, deprived of work, will try to have recourse to vjolent measures in order to improve their fate.” future drewn by the Prench econnmist in the Iast issue of the Journal of Na- tional Ccmmitiee of Prench tlon. It represents correctly enough the state of mind in which French in- dustrialists and tradesmen are at the 4 of culture, is shaken. Amid the mass of disaster France stands as a last pillar It was in 1907 that he first came | tO Sees Neighbor Nations Caught Between; Formidable United States and Russian Economic Masses. ‘This is the gloomy picture of Europe’s | paek him, g i &, £ - Oy s H !’ 5| 5 1 T # it (Continued From Pirst Page.) tention of the government to meet their opponents. “Thus it was the revolt of Chang Fa- kyei and Hwang Chi-hsiang in that led to the Communist sack of Can- ton: it was the evacustion by the. Kwangsi-Ironside were in he has made | d and has for its : () e program: and armed insurrection. (2) To destroy im) and capitalism in and enlist the alliance of the bourgeoisie. (3) tatorship of To. establish the dic- the peasant and worker as a stepping stone to the the proletariat. The hope that the discussions will remain | this faction Kuo-tao, ;bn are Lb'a ‘man‘ in perty, ted: (1) convention, thereby ferent classes of people, }fleurln. W] is of the b1 | Bruening, unhandicapped by the pres- | commi tific world by the recent statement of a certain doctor who, in the course of a lecture, drew attention to the remark. cures obtained through injecting ts suffering one of roost obstinat ‘which, up to the all treatment. The doctor i the ofcial to the colleague in Bl 4 | i ! t i ? Efig i i il J £ T i T i g s i g i Eif h;“;;i; i ties and enforce i ] i Eiv [ 2 % gl ils il o ; i i 2 agi'i!! reixii ?E I