These various visitors will not 80 much reach decisions as create an. atmosphere. Any agreements which they reach in the course of their discussions with the President fare intended to be of the broadest character. They are not coming to hold a conference but, to discuss in general terms and exchange ideas. They have been invited partly because the President is a gre: believer. in direct personal conta and feels that more is understood in five minutes conversation than in five days, interchange of diplomatic notes. They have also been invited to focus world attention upon the parley, to, dramatist it and humanise it. The President feels that the Procession of foreign visitors to" Washington will vince the American people that the nations of the world are in earnest and will be prepared to make mutual concessions in their efforts to brin about an improvement in gener' conditions. The public will be the more ready to accept new principles upon which Ame can economic policy in the future will be based.
The importance of the change which has taken Place in United es economic policy" would be to exaggerate. The present Acnitaton hae reid at 8 creditor country ike the post war United States anak behave like a debtor country such as the pre-United States. Thay" Rave ed' that since, the war the United States has been travelling.
the wrong direction. The policy of economic Monroism which treat Administration as follows. "If all nations can be brought to agree hat they are worse off under the policies of the past ten years than they were before, then they ought to be able to agree that a modification of that policy is necessary. From the standpoint of enlightened self-interest each should be prepared to face in the opposite direction, to readjust their tants toa moderate level and diminish other forms of trade restriction. After a free exchange of informa. tion and ideas the views of all nations should so. converge that they could enter the economic conference holding certain definite broad principles in common. The stake would be an increase in world trade from its present figure of between 12 and 18 billion to a figure of 50 billion."
The Return of Beer developments in the field of foreign policy constitute the most important of recent events in the United States "the return of beer constitutes the most popular.
hard to believe that you can now in many states sit down almost any restaurant and order a bottle of light beer with your meal. The authorisation came at Just the right moment. The hot Spring weather was on ite war trid the new beer is proving! a most Popular thirst quencher. 'The drys' Prophesy that such an orgy [drunkenness would accompany. the return of beer that congress. would be flooded with requests within a week to rescind the beer bill has not been fulfilled. After drinking several bottles one is driven to the conviction that the beer ill is Strictly accurate when it. declared that beverages containing '3.2 cent, alcohol should not be consider-otis of bearer bonds, when cashed, og fed intoxicating. Amid all the joy! are to have ownership certificates caused by the legalization of beer attached for the purpose of check. two groups raise discordant cries ing returns of income, and a tax of the pact ten years the United] of protest, the bootlemgers and the States has taken the lead in rais- professional' dine 5 pet, cent. is imposed on interest and dividends paid to persons resi ing' up obstacles to world trade and Pomevers try to arcing 3 tte oon dent abroad, A tax of 5 per cent. fort from the thought that beer is on_ interest by Canadian fnported and nek the only ntanieating Tiga Which exists and that possibly, hav-such interest or: Ing got. their beer, the general lo by & Canadian jeansed the most stir of the I public will not be in such a hurry
premium over la a Goreign currency which|thovgh the tax on cosmeticn will Re li Rilo. press ratification of the. repeat Fonds? The nance ta 606 oer cut imply." ft inelides all Terms of BY theee-quartcre more' people than. the name: would smendme of the. ype of the states is unchanged, but the list of exempt tions is narrowed, and special excise taxes are levied on a small list of articles including cosmetics. - The exemption from, stamp taxon cheques, money orders, ele., of $5 and under is withdrawn, except in the] case of cheques paid by cheese and butter factories. to producers. A number of changes in Customs dutries are made but none of these are of prime importance; in the case of refined sugar, however, an excise tax of 2 cents per pound is levied soaps' and toilet accessories.
Business in Canada continues at low pace in all departments. Car bank clearings, note cir. ulation' and. bull show "no" increase. market may, however, be thought to give promise of better things, May Wheat having reached higher prices Winnipeg and the statistical tuation being better than a year ago. Other farm products, such livestock "and butter, have also moved up slightly in price, The bootlegsers at least will have little cause to complain. while, hard liquor is still prohibited. Their [profits were made out of cocktails and highballs far more than out of beer, "The new legal beer will be bought chiefly by the home-brewer and by the "modest citizen who drank near beer and tried to think was the real thing. There may stil be a speak-easy' sale for beer of, higher alcoholic" content than 3.2 per cent, Over 200 breweries in the United States were licensed to in return for "protection," If the victim is obstinate and io-sists that he "does "not require protection he is. made to realise that he does. If he is a shop keeper his windows are broken and is delivery waggons overturned, a manufacturer ko finds strikes breaking out for no obvious reason. 'The way to prevent such rackete ing is to have an honest police force and an honest Judiciary. the ordinary citizen can rely upon the Police and the law' courts for protection he will' not" pay: tribute fo gangsters, "In. too many" dise tricts, however, "the police, the anesters and" corrupt politicians been linked in-an. unholy ale Tianee. "At the present time, under the Teaderahip ofthe President, cheek corruption and dishonest erous attempt is being made' to
tactices of every Lind whether finest finance or in polities It
Text read from the printed page and cleaned; old type leaves the occasional error.