Considerable press attention has been directed during the past week what is called here a "Dawes Plan" for China. Proposals have jerome to light in New York for a financial rehabilitation of Chi "along the lines of the Dawes plan' which, we are informed, "struck a sympathetic chord in official Washington," although the [enthusiastic writer adds as an after- bac thought that "it is realized that several elements of delay stand in the way of actual accomplishment of the project."
This plan for rehabilitating China
wen raiher, than teat me "nae?=aRRd 0 boas ternational conference soon to be taking tentative salted by China er wet fo rebared Playing podters issued by the Navy. give pictorial representation of a holiday in China". with—duck shooting as the central theme, while men, are advised to "see: the world," the recruiting _of-fieer demonstrating the joys that ahead out in the Philippines and other Far Eastern places. Despite there wiles, young Americans of every class' are finding their own country £0 profitable that they look askance at the naval possibilities when told what their pay is to be.
Wave of Prosperity:
Tele pli stoned br wat baces rene ihe tag sateen oran operating in China formed a proteetin par ete 8 3s, a8 doubtless your cables have disclosed, is very near to boom eon-Gitions. Business men throughout he country ave anything but unanimous in their enthusiasm over the sensational advance in stocks. and shares, however, no less than three billions dollars having been added to the paper value of securities handled during the last 10-days in Wall Street, everywhere has improved, a post-election feature, but the conservative opinion of the country is that it has not improved ciently to inevease the assets of, about 400 "companies by $8,000 aillion—nor to provide for the pay: rent of dividends on that increased Amount. Te means one of two things. Either stocks of the companies in question were too low prior to the date of the presidential election, they are too high now. Everybody rightly fears inflation. The dis astrous effects of the 1920 inflation was felt for" three years, and Americ at the present moment faces a real danger in unwarranted expansion.. Tt is logical to. believe that if an increased paper valuation of 3,000 million on the stocks deale on the New York Stock Exchange is followed by a demand for divi-denis on that sum, which at present would mean the paying out of $120, 00,0002. your," an. equal "demand would be made on companies whose stocks are not bought and sold Wall. Street, All the same, the country is essentially prosperous, "for if we divide the general situation. into four factors—namely, the mercantile Position, crops, polities and money—we find that prospects for 1925 are Last-spring the mercantile posi-on was' unhealthy, with over-Foduction and: subsequent factory, Gurtailment, but now stocks are not! ecensive, thet is less. umemploy-
A ort "Sami alleged, has now sent to Mr. Hughes, pug Cal ties opin rey te tis should be for the purpose of taking terp ete tetas ies eae the for authorization of new projects Sofa th net per Sac' Saath "mina!
Lune Wasa if het sed tans ala
Text read from the printed page and cleaned; old type leaves the occasional error.