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Newspaper
Dillon Tribune
Location
Dillon, Montana, United States of America
Date
Jan 12, 1923
Page
7
President Harding vetoed the Bursum pension bill that would raise veterans pensions and widow benefits from Civil and Mexican wars, citing economy concerns. The Lausanne conference and labor asks for immigration relaxation as industry and agriculture push for policy changes amid the veto.
In Paris last week Allied nations failed to agree on German reparations and broke up the conference. Bonar Law and Poincare presented rival plans with Britain seeking large reductions and moratoriums while France pressed fixed, higher payments and coal tax guarantees. Italy and Belgium opposed Britain, and the entente cordiale dissolved amid threats of isolated action by France.
The report covers diplomatic stances in Paris with British leaders arguing that Germany cannot both take money and restore its credit. It notes Bergmann’s submission of a plan for reduced reparations and a ten year moratorium. France resists a full power pact. In Turkey, Angora's assembly resists further concessions as Curzon authorizes rejecting Turkish demands.
Senator Robinson of Arkansas proposed authorizing the President with Senate consent to name a representative for the United States on the reparations commission under Versailles. The President endorsed the idea, aiming for strong U S representation to influence Europe’s reparations settlement, with Roland Bayden as the expected appointee.
TANLEY BALDWIN British chancellor of the exchequer and a British commission arrived in Washington last week to discuss refinancing the war debt to the United States. Britain owes about 4.5 billion dollars and the British team will seek more liberal terms than those in the refinancing law which fixes interest at not less than 4.14 percent and a maximum loan term of 25 years.
Eon Porah withdrew his resolution for a world economic conference after achieving his aims. The White House admitted U S concern with restoring peace and prosperity in Europe and that the war debt problem cannot be settled on current terms. Secretary Hughes proposed sending Europe’s issue to an international conference of experts and financiers.
A House immigration committee heard International Manufacturers' Association proposals to relax quotas to meet labor shortages. The plan would authorize temporary excess admissions during shortages with port examinations, opposed by organized labor led by Samuel Gompers who warns of wage impacts. Senators and congressmen from industrial states back the move.
The presidential veto surprised Senator Bursum and others. The bill would raise pensions for Civil Mexican Indian war veterans and widows and Civil War allies and minor veterans. The president argued it would cost $108 million annually and set a $50 billion pension precedent over 50 years.
Announcement states Secretary Fall will leave the cabinet on March 4 to resume law practice and private business in New Mexico. The President reportedly urged him to stay and offered a Supreme Court post, while concerns over his affairs push him to resign with talk of Hoover or Julius Barnes succeeding him in other posts.
Conference between bituminous miners and operators in Chicago aims to set a basis for new contracts before the March 31 expiration. Union leaders oppose district-based terms and arbitration and reject a flexible wage scale.
William F. Oswald of New York, holder of the world typing accuracy championship, typed 128 words a minute for an hour with only one error. He, a former international speech champion, attended the National Commercial Teachers Federation session in Chicago.
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